ERHC Energy Inc (ERHE)

[Krombacher]

Can a multi-dollar share price come pre-drilling? Or do we have to wait several years for drilling to occur?

I think jaded investors here, who depended on the NSAI report for the JDZ only to find that Sinopec claims to have found nothing but biogenic gas may not be quick to hang their hat on pre-drilling studies in Kenya and in Chad.

I believe that onshore studies of seismic or gravity studies or what have you will be perhaps 10x more accurate than deep water seismics...but will such studies, if they claim to have found an estimated billion barrels, done next year be enough for us to see the same level of valuation in share price as if they drilled and found a billion barrels wherever it might be whether Chad, Kenya or elsewhere?

In other words, do we really have to wait a couple of years to get maximum valuation upon drilling success or will pre-drill testing be enough...i.e. only a year or so from now?

Krombacher