OTC Stock Alert's EXPLOSIVE STOCK PICK: Environmental Remediation Holding Corp. (OTCBB: ERHC) BUY AT $ .30 SELL TARGET $1.30 = DIAMOND PLAY! URGENT HOT NEWS: L.A TIMES Front Page article (May 24) reveals ERHC contract for major stake in West African offshore oil blocks valued at "hundreds of millions of dollars" with 4 BILLION barrels in oil reserves. BIDS FROM MAJOR OIL FIRMS WILL BE ANNOUNCED ON OCTOBER 18, 2003 FOR LICENSES TO PARTNER WITH ERHC AND EXXON/MOBIL WHICH IS EXPECTED TO RAISE OVER $1 BILLION!!! ERHC is about to experience a windfall that most companies can only dream about! In accordance with a government contract from the Nigeria - Sao Tome Joint Development Authority, ERHC has obtained substantial working interests in 6 of the richest offshore oil blocks in West Africa. Even more rewarding is the fact that ExxonMobil and ERHC will jointly own 40% in two of the blocks, providing ExxonMobil with 25% to ERHC's 15% in each. ERHC's dealings with Sao Tome and Nigeria, Africa's biggest oil producer, reflect a rush for oil riches in West Africa. The region provides 15% of American oil imports, and the figure is expected to grow to 25% within a decade as the U.S. government seeks to reduce energy reliance on the Middle East. Based upon the L.A TIMES research, ERHC is easily valued at well over $1.00 per share. We agree with the TIMES article and believe that ERHC is tremendously undervalued. The potential exists for even a sharper rise in share price as the L.A TIMES suggests that the current trend in the oil industry will continue with ERHC being acquired by one of the major oil companies! A licensing round has already begun in the area housing ERHC's oil holdings and reports have been circulating on the numerous oil industry majors raring to clinch the plump acreages. The bidding for licenses by major multinational oil firms will conclude in less than 2 weeks for the rights to partner with ERHC. The bids alone are expected to fetch about $1 Billion just for the right to begin exploration. Aside from ExxonMobil (NYSE: XOM), other multinationals that are involved with that kind of cash to throw around include RoyalDutch/Shell (NYSE: RD), ChevronTexaco (NYSE: CVX), ConocoPhillips (NYSE: COP), and Marathon Oil (NYSE: MRO). All of the seismic data is being provided by Sclumberger (NYSE: SLB) the world leader in reservoir imaging services. ERHC represents one the most attractive and undervalued investments where share prices are actually backed by assets. Given the fact that ERHC's holdings are centered within the biggest deep offshore discoveries, this hidden gem could be our strongest recommendation of the year. DISCLAIMER: OTC Stock Alert is an independent electronic publication focusing on high-growth companies with the intent to offer its subscribers a great investment reward. We are not affiliated with any broker or dealer and are not a registered investment advisor. The information contained in this publication is for informational purposes only and is neither an offer to sell nor a solicitation of any offer to buy securities. Investment in micro-cap securities is considered extremely speculative and may result in the loss of some or all of any investment made in these companies. Investors should use the information contained in this publication as a starting point for conducting additional research on the featured company in order to allow the investor to form their own opinion regarding the featured company. OTC Stock Alert has received $10,000 by a third party for the electronic dissemination of this company information. Readers of this publication are cautioned not to place undue reliance on forward-looking statements, which are based on certain assumptions and expectations, that may or may not actually occur, and involve various risks and uncertainties that could cause results to differ materially from those set forth in the forward-looking statements. 7a89395544a19a030e16d979321cf021293f29
