(d.b.a. Chrome Energy Corp) (OTCBB: ERHC)
RECENT PRICE: $.20
SELL TARGET: $1.25
INVESTORS: WE HAVE FOUND THE HIDDEN GEM: (OTCBB: ERHC)) The IMF (International Monetary Fund) states in a worldwide published report [February 2002 IMF Country Report No. 02/30 (page 10 of 82)] that ERHC's working interest in their offshore West African oil blocks will generate $1,446,800,000 in cumulative income over the next 22 years.
Dow Jones News: ERHC enters into joint-venture license agreements with Schlumberger LTD (NYSE: SLB, $53) and Ba er Hughes, INC. (NYSE: BHI, $34) for seismic data on some of the richest offshore oil blocks in West Africa, wheere ERHC controls a huge working interest.
Investor Alert: ERHC's joint-venture with SCHLUMBERGER and BAKER HUGHES puts them in world class company with these leaders in oil exploration and reservoir imaging services. The involvement of SLB and BHI reinforces the MULTI-BILLION DOLLAR VALUE that has been placed in this offshore drilling haven. ERHC's goal is to maximize shareholder value from existing contractual rights, making them a significant player in this region.
THE BIG MONEY ROLLS IN: The seismic data from this joint venture is being made available for further involvement by the LARGEST OIL COMPANIES IN THE WORLD over the next 2 w!
eeks! Bidding wars have already
developed between major oil companies such as: SHELL, CHEVRON/TEXACO, CONOCO, EXXON/MOBIL, PHILIPS, and MARATHON who are willing to pay Hundreds of Millions to drill in the oil blocks that border on ERHC's offshore zones.
STOCK SET TO EXPLODE ON EARNINGS BOOM: "UPSTREAM", the International Oil and Gas Newspaper considered to be the equivalent of the "Wall Street Journal" for the Oil Industry, has stated in a number of articles that EXXON/MOBIL believes that the oil blocks "housing ERHC's working interest" contain over 8 BILLION BARRELS OF RECOVERABLE OIL
TAKEOVERS RUNNING RAMPANT: Oil Companies of all sizes have been the target of significant mergers and takeovers during the past year. Many of these takeovers or buyouts have occurred due to the value of the acquired Company's offshor! ! e oil holdings in West Africa. O e such example is Marathon Oil (NYSE: MRO, $28) paying $900 MILLION for the West African holdings of CMS Energy (NYSE: CMS, $23). We beliieve that ERHC and/or the Company's offshore oil interests could be the next target of a takeover. This is largely because of their exclusive right to participate in exploration and production along with OIL INDUSTRY GIANTS, as these oil blocks are adjacent to Billion Barrel producing regions!
Global Stock Participation - On March 27, 2002--Chrome Energy Corporation ("Chrome") (OTCBB:ERHC), announced that its common stock has been approved for listing on the Berlin Stock Exchange in Germany. The Berlin Stock Exchange is the leading stock exchange in Europe for dual listings with over 6,000 American companies listed. Chrome's common stock began trading on March 28, 2002