At least part of the SEC case against ERHC Energy is dismissed

The entire case has been dismissed, and a note from pr whiz Dan Kenney says the issue is not with ERHC Energy at all, but it seems like the one straw at which the Justice Dept. grasped has been blown away much like the Attorney General himself, who resigned this morning.

Here is the document, and we'll update you as soon as we can get in touch with the SEC's counsel, Dean Conway.

Update - Here is Conway's response:

From: "Conway, Dean"
Date: 2007/08/27 Mon PM 06:36:30 EST
To: Investor's Hub poster
Subject: Re: Plaintiff SEC Notice of Dismissal

I cannot comment on nonpublic investigations. I can say, however, that the dismissal cited below pertains to a subpoena enforcement action against the named respondent. Thanks

Sent from my Blackberry wireless device (Securities and Exchange Commission)

Meanwhile, ERHC Energy shares sank $0.03 this morning to $0.29 Bid at $0.30 Ask despite renewed buying interest.

By the end of the day, the price stood at $0.285 Bid and $0.30 Ask, but the Bid moved up to $0.29 after hours, when 111,663 shares were sold in three trades, two at $0.29 and the last at $0.285. Volume overall hit 725,738 for the day, which is healthier than usual, and the number of trades - including those after hours - totaled 80.

Posted by: Fishdog
In reply to: None Date:8/27/2007 10:13:51 AM
Post #of 106592

PLAINTIFF SECURITIES AND EXCHANGE COMMISSION’S NOTICE
OF DISMISSAL OF THE APPLICATION FOR AN ORDER TO SHOW CAUSE

Plaintiff Securities and Exchange Commission (“SEC”), pursuant to Rule 41(a)(1)of the Federal Rules of Civil Procedure, hereby dismisses its Application for an Order to Show Cause and An Order Requiring Obedience to Subpoena Duces Tecum against
respondent O. J. Chidolue without prejudice.

Respondent Chidolue has filed neither a response to the Application nor a motion for summary judgment as to this pleading.

Dismissal under Rule 41(a)(1) is therefore
appropriate.

Dated: August 24, 2007 Respectfully submitted,
s/ Dean M. Conway
________________________________
Dean M. Conway (DC Bar No. 457433)
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-4010
(202) 551-4412 (Direct)
(202) 772-9246 (Fax)
conwayd@sec.gov
Attorney for Applicant