Dr. Peter Ntephe, president and chief executive officer of ERHC Energy Inc., recently sat down for an interview that covered a broad range of subjects related to the Company's business activities. ERHC (OTCMKTS:ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. What is ERHC's current focus? ERHC has come a long way from a passive-portfolio holding company confined to one set of offshore assets in the Gulf of Guinea. We've diversified the company and taken it onshore East and Central Africa where we have made it a veritable and respected operator in its own right. Our focus is on building value by using aggressive exploration work programs to mature our onshore assets. What is happening currently in Kenya? We operated Kenya Block 11A successfully, according to schedule through the carrying out of a Full …
ERHC Energy Inc. made the cover of the Winter 2014 issue of Energy Executive magazine. The story, "Exploring the Sub-Saharan," written by reporter Kecia Bal, describes ERHC's aggressive push to explore for oil across the continent of Africa -- from the Gulf of Guinea in Western Africa to Chad Block BDS-2008 in Central Africa and Kenya's Block 11A in Eastern Africa. "The company is making progress on in-depth geo-scientific surveys of its acreage in Chad and Kenya as well as the beginning stages of exploration in the São Tomé and Príncipe Exclusive Economic Zone," writes Bal. "After shifting focus from offshore to onshore exploration in the continent’s East and Central African systems, the company is acquiring data toward drilling wells in two blocks that align with the new focus, according to President and CEO Peter Ntephe." The article quoted Mr. …
In April 2014, ERHC President and CEO Peter Ntephe sat down for a discussion about Company activities. The following is a transcript: What is ERHC’s back story? ERHC Energy Inc. was formed in 1986 as an American public company focused on environmental remediation. In 1995, the Company decided to change its focus to oil exploration. It started with one asset in São Tomé and Príncipe. ERHC was the first company to have an exclusive agreement with the Government of São Tomé and Príncipe for oil exploration and hydrocarbon development. The oil exploration business that resulted from those agreements with São Tomé and Príncipe became the Company’s sole focus from 1995 to2010. The Company was completely focused on oil exploration and divested itself of all other businesses and operations. So even though ERHC is currently known best for its Kenya asset, …
"East Africa is the New Emerging Petroleum Province" Dr. Peter Thuo, general manager of ERHC Energy Kenya, was prominently featured in the article, "Africa's oil and gas boom," in the latest issue of Logistics Update Africa. Download the article by clicking the image of the cover. In the article, Dr. Thuo is quoted as saying: "East Africa is the new emerging petroleum province. There have been spectacular exploration successes in teh Tertiary Rift basins of Uganda and Kenya where oil and gas has been discovered as well as in the continental margin off Mozambique and Tanzania where multi-trillioncubic feet of gas has been discovered." Dr. Thuo also discussed the options for getting oil discovered throughout the region to market, saying he expects one such option to be the construction of a refinery in Uganda to serve the domestic and regional …
The article, "Kenya's oil rich region locals want benefits from the deposits," reporting on ERHC Energy's efforts to connect with and inform local communities in Turkana County, Kenya, was published in Standard Digital News. Read the original story here. Kenya's oil rich region locals want benefits from the deposits BY BY PETERSON GITHAIGA Monday, October 14th 2013 Residents of Turkana County want the oil and water deposits discovered in the region to benefit them as the first beneficiaries. Speaking during the second stakeholders forum between the locals and an American oil company, ERHC Energy, in Lokichogio town, Governor Josephat Nanok said Turkana people had suffered for many years due to marginalisation by former regimes. “The people of this region have gone through unspeakable suffering, hundreds of residents have been killed or kidnapped by Ethiopian raiders, cattle rustlers from neighbouring communities …
ERHC Shareholders: ERHC is pleased to present highlights of the Company's recent progress. Greater detail is available in the Company's quarterly 10-Q filing, which can be read at http://erhc.com/secfilings/. São Tomé and Príncipe Exclusive Economic Zone (EEZ) ERHC has concluded negotiations with the National Petroleum Agency (ANP-STP) on the EEZ Block 4 and 11 Production Sharing Contracts (PSCs). Translations, final legal review and certain approvals will precede signature. Republic of Kenya Block 11A Negotiations continue with an international operator interested in farming into the Block following a Letter of Intent entered into in May 2013. ERHC awarded a contract to Bell Geospace to acquire an airborne Full Tensor Gravity Gradiometry (FTG) survey of the Block. ERHC conducted community outreach with government and local leaders to precede of the Company's exploration program. Republic of Chad ERHC has contracted ASAT (Archeologie et …
This week ERHC Energy continues its series of interviews with Company management to provide insight into initiatives that are underway. Today's interview is with Sylvan Odobulu, ERHC Vice President, Administration and Controller. Mr. Odobulu played a leadership role in executing the successful Production Sharing Contract negotiations of ERHC’s portfolio assets in the Republic of Chad. He is responsible for identifying and developing new Sub-Saharan African indigenous upstream oil and gas interests and business opportunities through mergers and acquisitions. Q: How confident are you that ERHC will have the financial resources needed to proceed with its exploration work programs in Kenya and Chad? Sylvan Odobulu, Vice President, Administration and Controller: The rights offering has always been intended as an initial step – it is not the only step by any means. We have several other steps planned, including possible registered direct offerings to …
This week ERHC Energy exhibited at the International Pavilion of NAPE Expo, the world's largest E&P (upstream) expo, which drew approximately 20,000 attendees and exhibitors to highlight producing properties and prospects from around the world, capital formation and services and technologies. We took the opportunity to talk with ERHC Energy President and CEO Peter Ntephe about the Company’s activities in Africa and priorities for the coming months. Question: Why have you been quiet in recent months regarding Production Sharing Contract (PSC) negotiations related to ERHC’s offshore assets in the São Tomé and Príncipe Exclusive Economic Zone (EEZ)? Peter Ntephe, President and CEO of ERHC Energy: We’ve actually put out quite some news on it. At the end of December, we filed our Annual Report on Form 10-K and announced that while we had hoped to conclude the PSC by the …
View a video playlist from the October 9th management presentation by clicking here or by visiting our Videos Page. Below are the slides from the management presentation that followed the Special Meeting of Shareholders on October 9, 2012. Management Presentation from October 9, 2012 Special Meeting of Shareholders from Dan Keeney
TO OUR SHAREHOLDERS: We are writing to confirm and again cordially invite you to attend a special meeting of our shareholders to be held at The Renaissance Houston Hotel, 6 Greenway Plaza East, Houston, Texas 77046 on October 9, 2012, at 3:00 p.m. local time. Unfortunately a communication error occurred during the printing of our proxy cards which state that the special meeting is to be held October 2, 2012. For the avoidance of doubt, we confirm that the special meeting date is October 9, 2012, and we hope that the error and this letter are in no way an inconvenience. Further please note the following: The proxy card which incorrectly states that the special meeting date is October 2, 2012 is still acceptable for mailed delivery; All mailed proxies must be received by the Company’s stock transfer agent on …
