ERHC Energy Inc. Financial Ratios — ERHE Stock

Profitability (USD)

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Return on Common Equity (%)	- -	- -	- -	- -	117.53	-5.06	71.43	-28.15	-27.01	-21.15	-25.24	-38.86	-24.21	-175.7	- -
Return on Assets (%)	- -	-55.29	-62.69	-181.07	88.11	-4.1	60.39	-23.39	-24.03	-20.63	-21.39	-31.12	-17.88	-78	-177.83
Return on Capital (%)	- -	- -	- -	- -	117.34	- -	71.36	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	-27.85	- -	-16.93	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	8.18	- -	8.18	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	117.53	-5.06	71.43	-28.15	-27.01	-21.15	-25.24	-38.86	-24.21	-175.7	- -

Credit (USD)

Credit Ratios API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Total Debt	14	12	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
ST Debt	10	12	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
LT Debt	4	- -	9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	-4.9	-6.29	-9.58	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	- -	- -	- -	-0.16	-0.05	-0.01
Net Debt/EBITDA	-4.9	-6.28	-9.57	0.28	6.85	7.03	5.31	5.33	2.5	1.62	1.78	0.24	0.36	0.13	0.02
Total Debt/EBIT	-4.9	-6.29	-5.27	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	- -	- -	- -	-0.15	-0.04	-0.01
Net Debt/EBIT	-4.9	-6.28	-5.26	0.21	6.84	7	5.3	5.28	2.48	1.61	1.77	0.23	0.35	0.13	0.02
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	-2,280.42	-2,798.03	-322.46	-3,939.54	-139,754.42	-32.24	-1.73	-36.28
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	-2,301.08	-2,798.03	-323.57	-3,972.02	-147,523.5	-32.78	-1.74	-37.71
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	-2,300.44	-2,815.24	-324.18	-3,953.22	-143,229.58	-32.75	-1.76	-36.46
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -
Common Equity/Total Assets	-212.75	-183.9	-157.61	58.65	77.35	85.08	83.98	81.95	97.75	97.27	72.82	92.12	50.35	36.54	-109.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.78	0.11	- -
Long-Term Debt/Capital (%)	213.58	- -	475.68	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.69	0.1	- -
Long-Term Debt/Total Assets (%)	77.64	- -	163.62	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.39	0.04	- -
Total Debt/Equity (%)	-117.09	-115.97	-121.82	0.85	0.09	0.1	0.11	0.14	0.15	- -	- -	- -	13.62	7.26	-2.65
Total Debt/Capital (%)	685.28	726.26	558.2	0.84	0.09	0.1	0.11	0.14	0.15	- -	- -	- -	11.99	6.77	-2.73
Total Debt/Total Assets (%)	249.1	213.26	192	0.5	0.07	0.08	0.09	0.12	0.15	- -	- -	- -	6.86	2.65	2.92
Net Debt to Equity	-117.07	-115.75	-121.6	-24.23	-115.41	-102.31	-102.42	-94.69	-57.27	-37.16	-51.01	-10.31	-31.18	-21.03	3.77
Net Debt/Capital (%)	685.91	735.06	562.97	-31.98	748.84	4,437.22	4,223.96	-1,784.89	-134.02	-59.12	-104.11	-11.49	-45.3	-26.63	3.63
EBITDA	-3	-2	-1	-3	-6	-5	-6	-4	-5	-4	-4	-5	-4	-4	-13
EBITDA-CapEx	-3	-2	-1	-3	-6	-5	-6	-4	-5	-4	-4	-5	-4	-4	-13
Operating Income (Loss)	-3	-2	-2	-5	-6	-5	-6	-4	-5	-4	-4	-5	-4	-4	-13

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Cash Ratio	- -	- -	- -	0.36	3.95	5.84	5.38	4.31	34.62	23.48	1.46	1.78	0.63	0.21	0.03
Current Ratio	- -	- -	0.01	0.37	4.09	6.21	5.75	4.39	35.01	24	1.52	2.01	0.72	0.25	0.04
Quick Ratio	- -	- -	- -	0.36	3.95	6.1	5.38	4.31	34.62	23.48	1.46	1.78	0.63	0.21	0.03
CFO/Avg Current Liab	- -	-0.12	-0.16	-0.43	-0.92	-0.76	-1.02	-0.72	-1.58	-8.3	-1.35	-1.38	-2.42	-0.52	-0.54
Common Equity/Total Assets	-212.75	-183.9	-157.61	58.65	77.35	85.08	83.98	81.95	97.75	97.27	72.82	92.12	50.35	36.54	-109.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.78	0.11	- -
Long-Term Debt/Capital (%)	213.58	- -	475.68	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.69	0.1	- -
Long-Term Debt/Total Assets (%)	77.64	- -	163.62	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.39	0.04	- -
Total Debt/Equity (%)	-117.09	-115.97	-121.82	0.85	0.09	0.1	0.11	0.14	0.15	- -	- -	- -	13.62	7.26	-2.65
Total Debt/Capital (%)	685.28	726.26	558.2	0.84	0.09	0.1	0.11	0.14	0.15	- -	- -	- -	11.99	6.77	-2.73
Total Debt/Total Assets (%)	249.1	213.26	192	0.5	0.07	0.08	0.09	0.12	0.15	- -	- -	- -	6.86	2.65	2.92
CFO/Total Liabilities	-11.98	-11.23	-11.83	-63.24	-58.27	-104.19	-102.48	-76.73	-872.5	-812.85	-73.93	-464.22	-138.05	-51.48	-36.31
CFO/CapEx	- -	- -	- -	-64.37	-1,937.98	-86.3	-1,937.98	-104.97	- -	-290.66	-116.75	-16.32	-91.88	-172.27	-9.29
Altman's Z-Score	-17.2	-11.49	-6.2	38.71	14.54	17.43	18.89	56.78	223.95	68.35	4.47	17.69	-10.65	-21.53	-35.01

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Market Capitalization	72	238	314	268	274	188	205	520	197	67	100	47	39	4	- -
- Cash & Cash Equivalents	- -	- -	- -	1	41	35	32	22	13	7	8	1	2	1	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	14	12	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
Enterprise Value	86	251	325	267	233	153	173	497	179	54	92	46	36	3	- -
Total Capital	2	2	2	4	36	34	31	24	23	19	15	11	6	3	-7
Total Debt/Capital (%)	685.28	726.26	558.2	0.84	0.09	0.1	0.11	0.14	0.15	- -	- -	- -	11.99	6.77	-2.73
Total Debt / EV	0.16	0.05	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.02	0.06	1.49
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	53.14	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	43.46	- -
Diluted Market Cap	54	187	258	249	273	187	205	520	195	66	100	47	39	2	- -
Diluted Enterprise Value	68	200	269	248	232	153	173	497	182	59	92	45	37	2	- -
EV per Share	11.96	34.69	45.02	36.97	32.33	21.2	24.01	68.8	24.55	7.29	12.39	5.97	4.75	0.11	- -
TTM Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	-3	-2	-1	-3	-6	-5	-6	-4	-5	-4	-4	-5	-4	-4	-13
TTM Operating Income	-3	-2	-2	-5	-6	-5	-6	-4	-5	-4	-4	-5	-4	-4	-13
TTM Cash Flow to Firm	- -	- -	- -	- -	-6	-6	-6	-4	-5	-4	-4	-5	-7	- -	-4
TTM Free Cash Flow to Firm	- -	- -	- -	- -	-6	-6	-6	-4	-5	-4	-4	-4	-6	- -	-4

Multiples (USD)

Valuation Multiples API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y
As of date	09/30/2002	09/30/2003	09/30/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016

Price/Free Cash Flow	-25.53	-102.5	-147.64	-143.91	-45.05	-30.6	-33.89	-131.26	-43.26	-15.2	-24.26	-10.88	-5.88	-1.02	-0.07
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	86	251	325	267	233	153	173	497	179	54	92	46	36	3	- -
Low Price	8	5.8	26.5	28	26	20.2	16	10	20	8	7	4.6	3.1	0.03	0.01
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	11.68	- -	8.85	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-21.91	-34.46	-72.1	-30.01	15.46	-140.92	10.11	-36.97	-51.85	-27.63	-16.98	-11.66	-23.99	-2.55	-0.27
Price/Earnings High	-49.16	-81.01	-158.32	-55.98	30.39	-209.28	19.01	-84.6	-87.06	-50.22	-26.85	-22.33	-46.35	-18.19	-1.37
Price/Earnings Low	-10.63	-10.44	-43.7	-16.67	7.99	-82.89	4.99	-9.4	-23.22	-13.39	-11.97	-6.71	-11.97	-0.08	-0.02
Price/Book Value	-5.99	-22.6	-34.8	67.99	7.73	5.54	6.62	21.98	8.76	3.46	6.64	4.13	7.92	1.53	-0.06
Price/Book Value Average	-9.87	-13.11	-34.97	92.34	10.24	7.31	7.56	12.03	14.49	6.35	4.88	5.32	9.76	10.7	-0.61
Price/Book Value High	-22.15	-30.81	-76.79	172.26	20.13	10.86	14.22	27.51	24.32	11.54	7.72	10.19	18.85	76.18	-3.05
Price/Book Value Low	-4.79	-3.97	-21.2	51.31	5.29	4.3	3.73	3.06	6.49	3.08	3.44	3.06	4.87	0.33	-0.04
Price/Tangible Book Value	-5.99	-22.6	-34.8	67.99	7.73	5.54	6.62	21.98	8.76	3.46	6.64	4.13	7.92	1.53	-0.06
Price/Tangible Book Value Average	-9.87	-13.11	-34.97	92.34	10.24	7.31	7.56	12.03	14.49	6.35	4.88	5.32	9.76	10.7	-0.61
Price/Tangible Book Value High	-22.15	-30.81	-76.79	172.26	20.13	10.86	14.22	27.51	24.32	11.54	7.72	10.19	18.85	76.18	-3.05
Price/Tangible Book Value Low	-4.79	-3.97	-21.2	51.31	5.29	4.3	3.73	3.06	6.49	3.08	3.44	3.06	4.87	0.33	-0.04
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	-25.53	-102.5	-147.64	-141.68	-44.69	-30.25	-33.88	-130.01	-43.26	-15.15	-24.05	-10.21	-5.81	-1.01	-0.06
Price/Cash Flow Average	-42.09	-59.45	-148.38	-192.42	-59.17	-39.95	-38.68	-71.12	-71.56	-27.79	-17.68	-13.16	-7.16	-7.07	-0.69
Price/Cash Flow High	-94.45	-139.77	-325.83	-358.97	-116.32	-59.33	-72.76	-162.74	-120.16	-50.5	-27.97	-25.21	-13.84	-50.39	-3.48
Price/Cash Flow Low	-20.42	-18.02	-89.94	-106.93	-30.58	-23.5	-19.09	-18.08	-32.04	-13.47	-12.47	-7.58	-3.58	-0.22	-0.05
Price/Free Cash Flow Average	-42.09	-59.45	-148.38	-195.46	-59.65	-40.42	-38.7	-71.81	-71.56	-27.88	-17.83	-14.02	-7.24	-7.12	-0.77
Price/Free Cash Flow High	-94.45	-139.77	-325.83	-364.64	-117.25	-60.03	-72.8	-164.3	-120.16	-50.68	-28.21	-26.85	-13.99	-50.68	-3.9
Price/Free Cash Flow Low	-20.42	-18.02	-89.94	-108.62	-30.83	-23.77	-19.1	-18.26	-32.04	-13.51	-12.58	-8.07	-3.61	-0.22	-0.05
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	-46.21	-77.36	-284.68	-106.39	-53.92	-43.25	-33.86	-62.34	-60.68	-26.09	-15.25	-11.91	-10.81	-6.6	-0.3
EV/EBITDA High	-97.59	-173.41	-613.68	-198.71	-112.61	-67.64	-68.37	-149.5	-103.57	-48.74	-25.16	-23.02	-21.23	-47.8	-1.6
EV/EBITDA Low	-24.94	-27.82	-176.33	-58.99	-24.55	-22.54	-14.02	-11.87	-25.79	-11.81	-10.23	-6.76	-5.22	-0.07	- -
EV/EBIT Average	-46.21	-77.36	-156.67	-78.01	-53.84	-43.06	-33.81	-61.8	-60.31	-25.95	-15.2	-11.62	-10.64	-6.48	-0.3
EV/EBIT High	-97.59	-173.41	-337.74	-145.72	-112.43	-67.34	-68.27	-148.2	-102.94	-48.48	-25.07	-22.47	-20.89	-46.95	-1.59
EV/EBIT Low	-24.94	-27.82	-97.04	-43.26	-24.52	-22.44	-14	-11.77	-25.63	-11.75	-10.2	-6.59	-5.14	-0.07	- -
Last Price	10	33	43.5	37.1	38	26	28.4	71.9	27	9	13.5	6.2	5.04	0.14	0.01
High Price	37	45	96	94	98.9	51	61	90	75	30	15.7	15.3	12	6.98	0.44
Enterprise Value Average	133	150	327	363	322	213	202	262	313	115	66	60	46	28	4
Enterprise Value High	281	337	704	678	673	334	409	628	534	215	108	116	90	203	21
Enterprise Value Low	72	54	202	201	147	111	84	50	133	52	44	34	22	- -	- -

Shares Outstanding	7	7	7	7	7	7	7	7	7	7	7	8	8	29	47
Diluted Weighted Avg Shares	5	6	6	7	7	7	7	7	7	7	7	8	8	17	38
Basic Weighted Avg Shares	5	6	6	7	7	7	7	7	7	7	7	8	8	17	38
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	-0.53	-0.34	-0.19	-0.51	-0.84	-0.68	-0.83	-0.58	-0.71	-0.6	-0.58	-0.67	-0.56	-0.25	-0.34
Operating Income per Share	-0.53	-0.34	-0.35	-0.69	-0.84	-0.69	-0.83	-0.59	-0.72	-0.6	-0.59	-0.69	-0.57	-0.25	-0.35
Basic EPS, GAAP	-0.75	-0.56	-0.61	-1.68	3.25	-0.24	3.21	-1.06	-0.86	-0.6	-0.58	-0.69	-0.26	-0.38	-0.32
Basic EPS from Cont Ops	-0.75	-0.56	-0.61	-1.68	3.25	-0.24	3.21	-1.06	-0.86	-0.6	-0.58	-0.69	-0.26	-0.38	-0.32
Diluted EPS, GAAP	-0.75	-0.56	-0.61	-1.68	3.23	-0.24	3.21	-1.06	-0.86	-0.6	-0.58	-0.69	-0.26	-0.38	-0.32
Diluted EPS from Cont Ops	-0.75	-0.56	-0.61	-1.68	3.23	-0.24	3.21	-1.06	-0.86	-0.6	-0.58	-0.69	-0.26	-0.38	-0.32
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.39	-0.32	-0.29	-0.26	-0.85	-0.86	-0.84	-0.55	-0.62	-0.59	-0.56	-0.61	-0.87	-0.14	-0.13
Free Cash Flow per Basic Share	-0.39	-0.32	-0.29	-0.27	-0.85	-0.87	-0.84	-0.56	-0.62	-0.6	-0.57	-0.64	-0.88	-0.14	-0.14
Cash & Equivalents per Share	- -	- -	- -	0.14	5.68	4.81	4.4	3.1	2.46	1.71	1.11	0.23	0.37	0.03	0.01
Book Value per Share	-1.67	-1.46	-1.25	0.55	4.91	4.69	4.29	3.27	3.08	2.6	2.03	1.5	0.64	0.09	-0.14
Tangible Book Value per Share	-1.67	-1.46	-1.25	0.55	4.91	4.69	4.29	3.27	3.08	2.6	2.03	1.5	0.64	0.09	-0.14

ERHC Energy Inc.