Replies to post #58445 on ERHC Energy Inc (ERHE)

[ajaxxx_99]

Nice find Mark, i don't consider that necessarily a bad article, we had guessed as much, the feds are just looking for more against Jefferson....most here agree that Jefferson had nothing to offer ERHE, he may have tried to shoehorn himself in but i would guess he was rebuffed.... ERHE is probably not the target of the investigation.

[sortman]

Why would ERHE need Jefferson's help? Perhaps Jefferson was seeking ERHE help?

[Top Drive]

Mark, the more I hear the more I'm convinced the search warrant is related to Jefferson, not the JDZ awards.

How does any of that affect ERHE as a corporation? Our rights in the JDZ are fully vested. Our partners Addax and Sinopec and even Anadarko are moving ahead with plans for drilling in their respective blocks.

In the off chance that Offor did something with Jefferson, which I find highly doubtful becuase we really didn't need Jefferson's help with Sao Tome, Nigeria being more than enough, Offor may have a personal problem but not ERHE. So maybe Offor is even incentivized to sell out all or a big chunk of his holdings in ERHE. Wouldn't break my heart. Should get this miserable SP back up where it was after the PSC's were signed. This tumble is both amazing and frankly disheartening to me. All JMHO.

[Tamtam]

Thank' Mark for the article.
I'm not sure if Noreen Wilson and Phil Nugent are still major shareholders. Following are 2 recent documents that has been sent to me by a financial analyst and i'm not seeing their names.

1)Insiders Stakeholders
ERHC ENERGY INC

Capitalization Summary
Shares O/S 710,912,000
Float (%) 48.765,000 %
Insider/Stake Ownership (%) 51.235,000 %
Fully Diluted Insider Ownership (%) 51.609,000 %
Price as of 05/16/06 0.6

Holders
Holder Name Position % O/S Market Value Report Date
CHROME ENERGY LLC 303,591,433 42.705,000 % 177,600,988.3 11/15/05
GEDDIE JOHN B 60,641,821 8.530,000 % 35,475,465.3 11/15/05
MEMON ALI 0 0.000% 0.0 11/15/05
LUCA NICOLAE 0 0.000% 0.0 11/15/05
NTEPHE PETER C 0 0.000% 0.0 11/15/05


2)Institutional Holdings
ERHC ENERGY INC

ERHC ENERGY INC COM

Company Summary
Number of Owners: 7 Initiated Positions: 4
Institutional Ownership: 0.043% Total Shares: 305

Institutional Holders
Institution Shares Filing Date Source Change % Change % Portfolio
Park National Bank 100 03/31/06 13F Form 0 0.000% 0.006%
First American Capital Management, Inc. 85 03/31/06 13F Form 0 0.000% 0.015%
Sky Investment Group LLC 50 03/31/06 13F Form 50 100.000,000 % 0.037%
Parsons Capital Management, Inc. 25 03/31/06 13F Form 15 60.000,000 % 0.004%
Sand Hill Advisors, Inc. 25 12/31/05 13F Form 25 100.000,000 % 0.003%
Karpus Investment Management 10 03/31/06 13F Form 10 100.000,000 % 0.001%
Grove Creek Asset Management LLC 10 03/31/06 13F Form 10 100.000,000 % 0.002%
BancorpSouth, Inc. Asset Management 0 12/31/05 13F Form (20) (100.000,000)% 0.000%

I asked before who Geddie John B is , as i never saw the name before but noone sems to know him

Tamtam

[Digdeepforsweet]

I bet he gets a nice paycheck from xom,cvx BWDIK em.