Replies to post #166497 on ERHC Energy Inc (ERHE)

[Lugheads1957]

I used to check share counts all the time and used this person - don't know if it still works or not. I haven't bothered in quite a while.

[e-mail]

[iwondertoo]

You might try going to their website:

Shareholder records are maintained by Corporate Stock Transfer (“CST”) Communication concerning the transfer or exchange of shares, lost certificates or change of address should be directed to:

Corporate Stock Transfer
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
Tel: [phone]
Fax: [phone]

Email: [e-mail]
Website: http://www.corporatestock.com/

Please contact Corporate Stock Transfer for the further information relating to your ownership of ERHC Energy Inc. common stock.

[rayank]

from ameritrade: Shares Outstanding 722.7M

[Manti]

Try reading a 10K...

[YankeMike]

Reasons for the uptrend to continue:

-Exploratory drilling scheduled to start in July with Chinese giant Sinopec drilling the Bomu prospect in Block 2. Bomu has a pre-drill resource estimate of about 275 million barrels.

-Also, summer drilling is also expected via Addax with the Deepwater Pathfinder drilling the Kina prospect in Block 4. Kina has a pre-drill resource estimate of about 350 million barrels

-There are also substantial and positive developments in JDZ Block 3. Current plans are to spud the Lemba Prospect before the end of the third quarter. Significant announcements from the operator of the Block are expected shortly.

-ERHC Energy is exploring possibilities for strategic alliances with their technical partners on future initiatives in the JDZ and elsewhere. The discussions are at a very early stage, but they are hopeful that they will be able to extend upon their mutually beneficial partnerships.

-ERHC Energy has resumed work on the acquisitions aspect of the growth strategy, looking at potential targets in North America and West Africa. They are creating the subsidiary structures necessary to keep those acquisitions separate from the JDZ assets.

-The investigations are "not active at this time". Dormant and moribund also describe the current status of the investigations. Legal fees have been decreasing!

-Oil prices have been rising and may reach $100 again by late 2010 in my opinion.

-3D seismic studies indicate that there are billions of barrels of oil in the JDZ.

-Full carry (ERHC does not have to pay any upfront drilling costs) until oil production begins.

-World-renowned technical partners in Addax, Sinopec, and Anadarko.

-Over $30M in cash, cash equivalents, and long-term investments, which at the current burn rate is enough to last for more than 10 years. Over $25M of the total is in cash and cash equivalents.

-500 million barrels of oil for ERHE's rights in Blocks 2 through 4 would value the stock at somewhere between $3 and $8 (depending on the price of oil) by 2012, and that doesn't include the rest of our Blocks in the JDZ, natural gas, or the EEZ.

-SEO's selling target appears to be in the $10 range.

-We are on the radar of fund managers due to the conferences.

-The Kina prospect alone could value this stock around $1.

-Arbitration results for Blocks 5 and 6 expected this summer.

-Expenses have been reduced.

-Over the last 2+ years, negligible dilution of only 0.4%.

-STP EEZ Block delineations probably taking place late this year.

-Potential for pre-salt oil in the EEZ, such as is off the coast of Brazil. Here is an article that shows a seismic study is planned near EEZ to target pre-salt oil! http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36565661

-P. Dimmock, the EEL CTO, mentioned at the end of the EEL AGM discussion in late December the real possibility of pre-salt discoveries in the STP/EEZ.

-The share price is above both the 50 day and 200 day moving averages.


Mike