ERHC Energy Inc (ERHE)

[TOB]

A buy-out is not the only, or best option for ERHC. Now that ERHC has a clean bill of health from the SEC and DOJ they are well positioned for fund raising, be it institutional investors, listing on a foreign exchange, seeking JV partners or operating their own onshore blocks.

Note that this is a new occurrence, just announced a couple months ago at the ASM. So the clock starts ticking then for this entirely new reality.

The previous clock was for a company under a cloud of suspicion and investigation that would have made getting institutional investment, a new listing, or a JV/operator a long shot. Notice only a Chinese and small Swiss company were willing to get involved with ERHC during that period. With the Swiss company, Addax, having a direct nexus with ERHC's affiliate the Chrome Group.

That dark period is over and ERHC is now a US listed company in good standing. They no longer have a small pond to fish in, they can fish in the ocean.

There is also the opportunity to sell off percentages of assets, especially the ultra-deepwater assets where ERHC is possibly too heavily concentrated.

So indeed the future has never looked brighter for ERHC and its shareholders.