ERHC Energy Inc (ERHE)

[dbernet]

Though the lack of carried interest may be a factor, I think proceeding with block one first has more to do with proximity to Akpo and Egina than anything else.

And I think the rest of the blocks will follow. My major question is when, not if. If they get clear through assessment of block one before they continue exploration and assessment of two, three and four it could take a long time for us to get "monetized".

Best course for us is a buyout or a unified development plan. Hopefully not just wishful thinking.

db