The March 2011 issue of E&P magazine features the story of ERHC Energy Inc.'s history under the headline, "Survival of the Fittest." The story describes how ERHC secured its historic preferential rights in the deepwater Gulf of Guinea, survived the various challenges that arose and discusses the Company's current efforts to diversify its portfolio of assets and embark upon exploration in the Sao Tome & Principe Exclusive Economic Zone. ERHC CEO Peter Ntephe sat down with Senior Editor Rhonda Duey to frankly discuss the obstacles that ERHC has encountered and explain how the Company has been a driving force in advancing oil and gas exploration in the Nigeria - Sao Tome & Principe Joint Development Zone. The article is not yet available online, but we have posted a scan of the article at http://erhc.com/harts/. E&P magazine is the world's …
To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. São Tomé and Príncipe Exclusive Economic Zone (EEZ) I have recently returned to the office after being part of the ERHC management delegation that traveled to São Tomé & Príncipe. The Company participated as a Gold Sponsor in the 14th UNCTAD Africa Oil, Gas and Minerals Conference, which was held between November 21st and 24th on the island of São Tomé. While there, we had numerous meetings with government officials as well as with representatives of oil and gas exploration companies. We also witnessed significant progress toward offshore exploration in the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) announced the names of the companies that submitted bids for …
This week, ERHC Energy Inc. is participating in the 14th UNCTAD Africa Oil, Gas & Minerals Trade & Finance Conference in Sao Tome. ERHC is a Gold Sponsor of the conference and the Company's President and CEO, Peter Ntephe, presented, "Oil and Gas Value Creation and Retention in Africa," which closely aligned with the theme of the conference, "Natural Resource Development: Value Creation and Retention." ERHC Energy Inc. Presentation: Oil and Gas Value Creation and Retention in Africa View more presentations from Dan Keeney. This annual conference and exhibition is jointly organized by the United Nations Conference on Trade and Development (UNCTAD) and the Government of São Tomé and Príncipe, in cooperation with Cubic Globe Ltd. It runs through November 25th. São Tomé and Príncipe is a developing country, whose economy is currently based on coffee, cocoa, small-scale agriculture and fishing. The Gulf …
On October 28, 2010, EnerCom's Oil & Gas 360® published the following interview with ERHC Energy Inc. Chief Executive Officer Peter Ntephe. ERHC is an American oil and gas investment company with an emphasis on West Africa. Currently, ERHC has substantial exploration-stage assets in the deepwater Gulf of Guinea. The company has working interests in six of the nine Blocks in its Joint Development Zone (JDZ). Its technical partners, Sinopec Corp. and Addax Petroleum (a wholly owned subsidiary of Sinopec Corp.), operate three of those blocks. In addition, the company's portfolio also includes two Blocks of the Sao Tome & Principe Exclusive Economic Zone (EEZ). During the interview, Peter provides his view on the exploration potential that exists in West Africa and what the future for development is in the area. Further, he discusses the company's exploration and acquisition …
To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. Joint Development Zone With ERHC’s assent, support and participation, the operators of Joint Development Zone (JDZ) Blocks 2, 3 and 4 are currently negotiating the terms for entry into Exploration Phase II with the Joint Development Authority (JDA). ERHC has 22 percent interest of JDZ Block 2, 10 percent interest of JDZ Block 3 and 19.5 percent interest of JDZ Block 4. The contracting parties’ commitments on Exploration Phase I of JDZ Blocks 2, 3 and 4 were successfully met with the drilling of five wells in the three blocks between August 2009 and January this year. Natural gas was discovered in at least three wells (you can review more information about each of the Blocks at www.erhc.com/jdz). The …
To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. Listing on the AIM Market ERHC’s Board of Directors has approved the procedure for application to list ERHC on the AIM market of the London Stock Exchange. The Company is proceeding to apply for the listing of ERHC Energy Inc. on AIM rather than listing a subsidiary and offering existing shareholders the option to exchange their shares for that subsidiary’s shares. The Company’s management and its advisers determined, after a re-evaluation of the options, that applying to list the parent ERHC Energy Inc. (rather than a newly formed subsidiary) would be the most expeditious and cost-effective route to a listing. The subsidiary listing and exchange offer option, which was described at the last Annual General Meeting, would have enabled …
To ERHC Shareholders: I am happy to update the ERHC Energy family on the company’s recent progress. Annual Shareholders' Meeting I want to express our sincere thanks to the ERHC Energy shareholders who devoted the time and, in some cases, incurred considerable travel expenses, to participate in the Annual Shareholders’ Meeting in April. Thanks also to all those who voted. Shareholders elected the slate of five directors and ratified MaloneBailey LLP as the Company’s independent accountants for the 2010 fiscal year. We are especially pleased to welcome new directors Les Blair and Friday Oviawe to the ERHC Board of Directors. Mr. Blair was previously with Addax Petroleum and has more than 35 years of upstream oil and gas industry experience. For the past 12 years, he helped to guide Addax Petroleum’s activities in West Africa and Asia. He played …
On Monday, May 3, 2010, ERHC Energy Inc. Chief Executive Officer Peter Ntephe presented “Private Sector Energy Perspectives in the Gulf of Guinea: Aligning American and African Interests,” during a Congressional briefing examining the impact of U.S. energy policy on trade with the Gulf of Guinea. The event was hosted by the Greater Houston Partnership – World Bank Group Task Force and the Woodrow Wilson Centre for International Scholars. The Congressional briefing, which coincided with the Offshore Technology Conference, was chaired by U.S. Congressman Bobby Rush, the Chairman of the Committee on Energy and Commerce, Sub-Committee on Trade, Commerce and Consumer Protection. Mr. Ntephe's presentation was delivered during the session examining 'Private Sector Perspectives on Policy Impacts on Trade and Commerce.' Others participating included Shahid Ullah (Afren), Funsho Lawal (Voyager Exploration Limited) and Sam Smoots (Gulf of Guinea Energy Fund). The session took …
SLIDE 1 With the official business of the Annual Shareholder’s Meeting concluded, it is now time for the ERHC Management Presentation.SLIDE 2 Statements during this meeting may concern ERHC Energy Inc.’s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders’ meetings and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company’s overall business and financial performance can be found in the Company’s reports and other filings with the Securities and Exchange Commission. These factors include, among others, …
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