ERHC Energy Inc (ERHE)

[midtieroil]

ERHC has released the results of the 5 wells that were drilled in our blocks in the JDZ with the permission of SNP. In those 5 wells there was no oil found. The ONLY thing that was found was biogenic gas in quantities which are NOT commercial. Please quit referring to that as my opinion. It is NOT my opinion. It is a fact.

It is also a fact that SNP has not decided to stay or leave mainly because of the massive disappointment of those 5 wells. That is not an opinion either. I have accpeted those facts and refuse to stick my head in the sand and pretend these facts do no exist because they do.

Several reports have come out which indicate the wells drilled in in block one were not good. I won't ignore those either. I think OBO will be produced but who cares since right now that is the ONLY thing in the entire JDZ that might be commercial and any talk of production obviously refers only to OBO and to nothing else.