Registration for the site is simple and doesn't require credit card information. No registration is required to read the current article on ERHE, which was apparently posted on Thanksgiving Day.
The advent of the site at least appears to be an indirect response to pleas from investors directed at the company's management and asking that some context be provided for recent events which have sometimes baffled investors. If it proves to be an accurate source of such context, it will be a valuable new tool for ERHC investors.
The initial article is positive and its style looks fairly promising, although the information offered is well-known already and so may be considered vague and disconnected in light of recent news. The writing is a bit odd, but generally clear, and occasionally the author's use of commas is resonant of coverage in Nigerian newspapers. American spellings are used throughout, however.
Here is Day 1's report:
ERHC Energy Inc.
OTCBB:ERHE
Average Volume: 659,361
52-Week High / Low: 0.94/ 0.32
Shares Outstanding: 710,912,000
Streetinvesting.com will commence coverage on ERHC Energy Inc (OTCBB:ERHE) as it could be an opportune moment for investors looking for a small-cap oil and gas play.
Wednesday was an active day for many investors in ERHC Energy Inc. as trading volume rose to 892,090 which is well over the average. Despite the increased volumes, share prices didn’t budge, and stayed even at market closure. Streetinvesting.com feels ERHC has the potential to be a great equity for those investors looking for a small cap oil and gas play. The reasons behind our speculation, is the overall stability for ERHC versus the oil and gas market, is at a favorable level. It has almost hit its 52 week low and has been on a downward trend for a significant period of time, thus creating a sense of urgency from investors.
ERHC Energy is an independent oil and gas company. ERHC was formed in 1986, as a Colorado corporation, and was engaged in a variety of businesses until 1996, when it began its current operations as an independent oil and gas company. ERHC Energy’s goal is to maximize its value through exploration and exploitation of oil and gas reserves in the Gulf of Guinea offshore of central West Africa. ERHC Energy’s current focus is to exploit its rights to working interest in exploration acreage in the Joint Development Zone (“JDZ”) between Sao Tome & Principe and Nigeria and in the exclusive territorial waters of Sao Tome & Principe (“EEZ”). ERHC Energy has entered into relationships with other oil and gas companies with technical and financial capabilities to assist it in exploiting its assets in the JDZ.
Streetinvesting.com will continue our coverage on ERHC Energy over the ensuing weeks, and if the potential sustains, we will bring further research to our members’ attention.
Head Market Prospector,
Streetinvesting.com
Streetinvesting.com has no vested interest in the above companies and have not been warranted in any way.
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