ERHC Energy Inc (ERHE)

[balance_builder]

Success???? It's started.

Please check out this chart of ERHC against its (soon to be)fully fledged NYSE trading E & P Oil co's. Note which co stand clearly by itself on the top. Please also note that although ERHC has not extracted a single drop of oil, they have placed a market cap of approximately $518 million dollars on ERHC's treaty. It kind of makes sense that the rights outlined on said treaty are getting some recognition from the market and that the market is beginning to understand the value of ERHC's rights.

http://finance.yahoo.com/q/bc?t=5y&s=ERHE.OB&l=on&z=m&q=l&c=pxd+nbl+dvn

If you'd rather compare ERHC success thus far with super majors, please open up this chart:

http://finance.yahoo.com/q/bc?t=5y&s=ERHE.OB&l=on&z=m&q=l&c=xom+cvx+

Based on the above charts, it's a resounding YES that this has ALREADY turned into an excellent investment and is in a money making mode.

I am proud to state my agenda in this stock and will do so very clearly:

1) I bought into ERHC in mid 2003 and have added since. The
vast majority of the shares I hold qualify for long term
capital gains.

2) I bought this company to make money on it.

3) Most of my investment monies can be found behind the symbol
ERHC.

4) I believe this stock will outperform most stocks available
for trading for many years to come.

5) I do not "flip" ERHC (see #1 above).

6) I believe ERHC will become a true E & P IF THEY HAVEN'T
ALREADY.


As stated above, I have no hidden agenda. I have researched ERHC and discussed the company with professionals in the business and conclude that this co's potential success is nearly a given. It fits right smack dab in the middle of the US energy plan....and that aint no small thing!!!

We are nearing the beginning. Yes, read that over again!!! We are nearing the beginning. I am most anxious to see how established co's like PXD/NBL/XOM/DVN PR their wins in these blocks. Their expectations will be significant IMHO. I believe we've already had a taste of what PXD's CEO thinks about the oil prospects in the GOG when he stated in 2/05 in part:

...........

"Chief executive Scott Sheffield told analysts that his company has "signed up" for the two blocks but "had not received government approval".

However, he said an exploration well would be drilled this month on one of the blocks.

Pioneer will be partnering fellow Dallas-based player Kosmos Energy on one of the blocks and has teamed up with "another independent" for the other block.

Sheffield described the acreage as a "tremendous resource area" with 3D coverage and direct hydrocarbon indicators "in some cases".

Drilling will target 200 million to 750 million barrel structures, he said."

............

We have yet to hear of which two blocks was talking about. Almost as importantly, we haven't heard if their drilling (which commenced in February) was successful. Ultimately important, we haven't heard to the "other" co involved with PXD in the "deep water off Nigeria" is. Right now, I'm glad they're our partners in the JDZ!!!!

Yep! I'm confident that what I'm holding in ERHC will continue to be a leader on the charts in terms of percentage gains for many years to come. That's why this camper is holding and will hold for some time to come.