799235--12/14/2007--ERHC_Energy

related topics

{gas, price, oil}

{stock, price, share}

{stock, price, operating}

{financial, litigation, operation}

{operation, international, foreign}

{condition, economic, financial}

{control, financial, internal}

{tax, income, asset}

The Company has no sources of revenue and a history of losses from operations The Company has a limited operating history in the oil and gas business Financing will be needed to fund the financial commitments of the production sharing contracts The Company may not discover commercially productive reserves in the JDZ or EEZ The Company s non-operator status limits its control over its oil and gas projects in the JDZ or EEZ The Company s success depends on its ability to exploit its limited assets The Company s competition includes oil and gas conglomerates that have significant advantages over it Various factors beyond the Company s control will affect prices of oil and gas The Company s Business Interests Are Located Outside of the United States Which Subjects It to Risks Associated with International Activities. The Company is under investigation by the SEC, the DOJ and a U.S. Senate Subcommittee, and the results of these investigations could have a material adverse effect on its business, prospects, operations, financial condition and cash flow. The Company s results of operations are susceptible to general economic conditions One shareholder controls approximately 43% of the Company s outstanding common stock The Company s stock price is highly volatile The Company does not currently pay dividends on its common stock and do not anticipate doing so in the future The Company s stock is considered a penny stock The Company is currently under examination by the Internal Revenue Service

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799235--12/14/2007--ERHC_Energy_Inc