ERHC Energy Inc (ERHE)

[midtieroil]

I rely on third party resource estimates such as NSAI reports to determine ERHC's and any oil company's potential. Every oil company is going to tell you their assets are great. Some are. Some aren't. The current JDZ estimates are not up to date since they have not been downgraded to reflect the 5 wells which found no oil. Such reports do not even exist yet for the EEZ, Chad or Kenya so it is impossible to say these have as much or more potential than the JDZ. Maybe some day the prospective resources in Chad and Kenya will exceed what we had in the JDZ. But right now they simply don't.

I continue to hope that this financing will bring in enough cash to do the testing required to prove the level of prospectivity in our blocks outside of the JDZ. But ERHC is not there yet.