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petemantx

02/27/12 9:03 PM

#254242 RE: 2IRAs #254237

These statements IMO seem a stark contrast to those expecting great news over the next few months to a year. I don't see anything in these answers, which are pretty detailed and straightforward compared to what we have been given in the past, that would make me believe the recent mgt options have any chance of being executed. If these comments are valid, then I don't see how any positive comments can be forthcoming at the upcoming SHM as I don't see anything today that is on the table other than a hope and a prayer. My belief from the public face PN has put forward is that in Nigeria you keep saying how sweet the roses smell as you are quickly sinking in the septic tank.

Even if Chad plays out (in 5 years or more in my estimation) compared to what was expected from the JDZ you are talking peanuts.

That leaves the EEZ, so ERHC is now a one trick pony IMO and that pony is maturing about as fast as a sequoia tree.
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mz157

02/27/12 9:16 PM

#254245 RE: 2IRAs #254237

what the heck does this mean???

Q. What is the real reason it has taken so long to be listed on the AIM?

We discussed this during our year-end conference call in December. Our Nominated Advisor in recommended the addressing of several public relations’ and international image challenges of various ERHC affiliates in order to make our listing application more likely to be accepted at the first time of asking. We took that advice and have, partly in the interest of cost efficiency, discontinued pursuing the AIM listing until these matters can be addressed. This is not something directly connected to ERHC. It involves companies affiliated with ERHC and those companies are, strictly of their own volition and at their own cost, cooperating in the addressing of those challenges.