We wanted you to be aware of news this morning regarding ERHC Energy. ERHC Energy Inc. Announces Block Awards in São Tomé & Príncipe Exclusive Economic Zone HOUSTON, February 16, 2010 – ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has confirmed the award to ERHC of 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The confirmation follows ERHC’s exercise of rights arising from prior agreements between ERHC and São Tomé & Príncipe. The ANP-STP has indicated that it expects to invite ERHC to negotiate Production …
Here is the latest news from ERHC Energy: Federal Investigators Return Documents of ERHC Energy Inc. HOUSTON, January 12, 2010 – ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced the return of all the documents taken by federal investigators from its corporate headquarters in May 2006. A total of 106 boxes containing original archival records from the Company’s inception until 2006 have been returned. “This is a positive start to a new year in which the Company will be targeting several benchmarks in its strategies toward corporate growth and the enhancement of shareholder value,” said Peter Ntephe, chief operating officer with ERHC. About ERHC EnergyERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth …
An online replay of ERHC's Year-End Conference Call is available at: https://www.livemeeting.com/cc/erhcenergy/view Recording ID: 4T4SBK NO "Recording Key" is required Also, investors and other interested parties can access the replay via phone by dialing 800-642-1687 (domestic) or 706-645-9291 (international) and reference the pass code 45263070. (Dan Keeney)Good morning, and thank you for joining us for the ERHC Year-End 2009 Conference Call. 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, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company 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 …
We are pleased to provide this update on the latest news from ERHC Energy. We hope you will be able to join us for our quarterly conference call on Tuesday, December 15, 2009 at 9:00 a.m. Eastern Time. ERHC Chief Operating Officer Peter Ntephe will lead a discussion of the Company’s fourth quarter and year-end financial performance and operating highlights. To participate, please dial 888-721-1403 (domestic) or 706-758-1074 (international) five to ten minutes before the call begins and reference the pass code 45263070. A simultaneous live Webcast of the call will be available over the Internet and will be accessible by going to https://www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 4T4SBK and Entry Code: JSC?~5b. A replay of the call will be available from Tuesday, December 15, 2009 at 10:00 a.m. Eastern Time through December 22, 2009 by dialing 800-642-1687 (domestic) or …
ERHC Energy (OTCBB:ERHE) has rights to participate in exploration and production activities in São Tomé & Principe’s Exclusive Economic Zone (EEZ). The EEZ describes territorial waters of São Tomé that encompasses an area of approximately 160,000 square km. It is measured from claimed archipelagic baselines — territorial sea: 12 nautical miles, exclusive economic zone: 200 nautical miles. It is the largest in the Gulf of Guinea. We sat down for a discussion with ERHC Chief Operating Officer Peter Ntephe to discuss that status of activities related to the EEZ. ERHC’s rights in the EEZ include the following: The right to receive 100 percent interest in up to two blocks of ERHC’s choice; andThe option to acquire up to a 15 percent paid working interest in another two blocks of ERHC’s choice. ERHC would be responsible for its proportionate share of …
ERHC Energy (OTCBB:ERHC) has oil and gas interests in six of the nine Blocks in the offshore Nigeria São Tomé & Príncipe Joint Development Zone (JDZ) and realizing the value of these interests remains the Company’s primary focus. A comprehensive drilling campaign is currently underway in JDZ Blocks 2, 3 and 4. Most recently ERHC's technical partner, Addax Petroleum, has been drilling the Malanza 1X well in JDZ Block 4. Earlier, Addax drilled the Kina well in JDZ Block 4 and the Lemba 1X well in JDZ Block 3. ERHC's other technical partner, Sinopec, drilled the Bomu-1 well in JDZ Block 2. A comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models is currently being carried out. The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various …
On Tuesday, November 24, 2009, ERHC Energy announced that it was pursuing certain investment opportunities in the Nigeria oil and gas industry. Among the potential investments being considered is the Eremor Marginal Field located in shallow water offshore Nigeria. The discovery well, Eremor-1, encountered three oil and gas zones, the most prominent of which is the D-03 reservoir with 43 feet of net oil sand. It was re-entered for testing in 2005 with the D-03 reservoir testing 2,200 barrels per day of oil with API gravity of 22, a low gas to oil ratio and no water. Excel was awarded a 100% interest and operatorship of Eremor in 2003. We sat down with ERHC Chief Operating Officer Peter Ntephe to discuss the Company's potential interest in this and other marginal fields. About ERHC EnergyERHC Energy Inc. is a …
To ERHC Shareholders: I am happy to report that drilling is progressing on schedule in the Joint Development Zone (JDZ) Blocks in which ERHC has interests. Addax Petroleum Corporation (“Addax”), the operator of JDZ Blocks 3 and 4, has finished drilling a well at the Kina Prospect in Block 4 in which ERHC has a 19.5 percent interest. Based on the early analysis done to date, the well encountered hydrocarbons, but a detailed evaluation of information from the well has only just commenced so it is far too early for any conclusions to be drawn on the extent and quality of the hydrocarbon system encountered. A comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models will now be carried out. Following the initial drilling operation in Block 4, the Deepwater Pathfinder has moved to the Lemba …
To ERHC Shareholders: I am happy to update the ERHC Energy family on the company’s recent progress. First of all, many congratulations are due this Company and its technical partners, Sinopec Corporation (“Sinopec”) and Addax Petroleum Corporation (“Addax”) in the Nigeria-São Tomé and Príncipe Joint Development Zone (JDZ). Drilling is now underway in JDZ Blocks 2 and 4 in which ERHC has interests. This is an exciting time for the ERHC family. It has taken years of hard work and determination to get to this point and we are all proud of what this Company has achieved. It is remarkable that exploration in the JDZ is currently being driven by ERHC’s technical partners. In addition, ERHC has interests in more of the JDZ Blocks than any other company. We are therefore a premier player in the region where our role …
To ERHC Shareholders, We wanted to briefly update you on developments related to ERHC Energy. The company's management held its Third Quarter 2009 Conference Call this morning to update shareholders on progress toward drilling, developments related to the Sao Tome & Principe Exclusive Economic Zone and matters regarding the Company's financial results. A replay of the call will be available from Wednesday, August 12, 2009 at 10:00 a.m. Eastern Time through August 19, 2009 by dialing 800-642-1687 (domestic) or 706-645-9291 (international) and reference the pass code 22567813. As stated during management's presentation at the beginning of the call, ERHC is now days away from the commencement of drilling in the Joint Development Zone. This is truly a historic moment for ERHC and the Company's management is hopeful for significant discoveries while mindful of the challenges ahead. You may also be …
