Thursday, March 20, 2008

Anticipation Builds

ERHC Energy has formally noticed its Annual Shareholder Meeting, and there's lots of talk on Investor's Hub about going or not going and especially the content of a proposed shareholder motion from the floor at the April 22 meeting. Suspecting that it is a motion to sell the company, the price of our shares has been moving fitfully in a modestly upward direction.

The kinds of gains we have seen in recent weeks, in which the share price has marched from $0.18 to $0.25 today, are not usually supported in the summer months and investors may find that is the case again this year. However, there is a very substantial difference between this and other years, and that is the possibility that we will drill for oil with our partners Addax and Sinopec sometime in the late Fall. That would be wonderful, and I think people are wisely declining to sell their cheap shares and forgo those profits that could result in October.

I am hard-pressed to hang in to my shares with all the other bills that pile up, but I resisted the temptation to sell them all today in hopes i can make a little money somewhere else and buy them back at the same price next week. Better to wait, I decided, even though I can't imagine that the FBI and SEC investigations should extend much longer before a grand jury in Houston decides whether or not to hand down indictments.

As I've said repeatedly (and besides having won a Supreme Court case, Shea v. Reno, I've spent a lot of time writing about and covering the courts, and learned a thing or two from my Uncle Billy, who was state court judge in New York for 21 years, I don't believe they have the evidence to do anything but strongarm us out of a $300,000 fine, if that.

Well, here's the first two pages of the SEC filing, which also seeks the re-election of existing directors:

ERHC ENERGY INC.

5444 Westheimer Road, Suite 1440,
Houston, Texas 77056

March 17, 2008

To the Holders of Shares of Common Stock:

You are cordially invited to attend the Annual Meeting of Shareholders of ERHC Energy Inc. (the “Company”), which will be held at 3:00 p.m. on April 22, 2008 at The Renaissance Houston Hotel, 6 Greenway Plaza East, Houston, Texas 77046.


Information about the Annual Meeting, including matters on which shareholders will act, may be found in the Notice of Annual Meeting and Proxy Statement accompanying this letter. We look forward to greeting in person as many of our shareholders as possible.


We request that you mark, sign, date, and mail the enclosed proxy card promptly.

Prompt return of your voted proxy will reduce the cost of further mailings. You may revoke your voted proxy in the manner described in the accompanying Proxy Statement at any time prior to its exercise at the meeting, or you may vote in person if you attend the meeting. Returning the proxy does NOT deprive you of your right to attend the Annual Meeting. If you decide to attend the Annual Meeting and wish to change your proxy vote, you may do so automatically by voting in person at the meeting.


We look forward to greeting you at the Annual Meeting of Shareholders on April 22, 2008.


Sincerely yours,

By:

/s/ Peter Ntephe

Corporate Secretary


2


ERHC ENERGY INC.

5444 Westheimer Road, Suite 1440,
Houston, Texas 77056
____________________________________________

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

April 22, 2008
___________________________________________

To the Holders of Shares of Common Stock:

Notice is hereby given that the Annual Meeting of Shareholders of ERHC Energy Inc. (the “Company”), will be held:

TIME

3:00 p.m on Tuesday, April 22, 2008

PLACE

The Renaissance Houston Hotel
6 Greenway Plaza East
Houston, Texas 77046

ITEMS OF BUSINESS

(1) To elect Three Directors, each to serve for the term expiring in 2009 or until their successor is elected and qualified;
(2) To consider and vote upon a shareholder proposal, if properly presented; and
(3) To Act upon any other matters that may properly come before the meeting.


RECORD DATE

Holders of Record of Shares of Common Stock on the close of business on March 17, 2008, are entitled to vote at the meeting.


PROXY VOTING

It is important that your shares be represented and voted at the Annual Meeting of Shareholders. Please MARK, SIGN, DATE, AND RETURN PROMPTLY the enclosed proxy card in the postage-paid envelope furnished for that purpose. You may revoke your voted proxy in the manner described in the accompanying proxy statement at any time prior to its exercise at the meeting, or you may vote in person if you attend the meeting.


By orders of the Board of Directors,

/s/ Peter Ntephe



Peter Ntephe

Corporate Secretary

Dated: March 17, 2008

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