ERHC Energy Inc (ERHE)

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20 years ago NG was $.05. As recently as a few years ago, NG was less than $3. Today, we're over $7, and by the time we can produce it in the JDZ, the price will be over $10. The flaring is not ending because of environmental concerns, it is a matter of economics.

Look at the LNG import terminal site applications in front of FERC today. This is the future and this is huge!

Additional liquifaction plants are being constructed and new transport trains are being added in the delta area. The infrastructure is being added in the US to receive and in many points to produce.

I've said all along the NG will add 50% to our value based on just oil. We are not where we need to be on this, but it is coming. It is sickening to think of the energy being wasted world-wide due to flaring, but if the big boys can't bank it, that's what happens. The good news is the market is changing and liquifaction has made this possible.