ERHC Energy to Present at RedChip Elite Investment Conference on November 5, 2008
HOUSTON, October 20, 2008 – 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 its senior executives will present at the RedChip Elite Investment Conference at the Harvard Club in New York.
ERHC Energy’s presentation is part of a comprehensive relationship with RedChip Companies, Inc. that also includes the initiation of research coverage by RedChip Visibility. RedChip Visibility will issue an initial research report on ERHC as well as quarterly research updates.
The RedChip Elite Investment Conference in New York is scheduled Wednesday, November 5, 2008. ERHC Energy’s principal presenter will be Chief Operating Officer Peter Ntephe. David Bovell, Vice President Corporate Development, will also be in attendance to meet personally with attendees. Investors can listen to the live audio feed of the RedChip presentation at www.redchip.com.
ERHC will be one of 15 emerging growth companies featured at the day-long conference.
“We look forward to meeting with investment bankers, fund managers, institutional and accredited investors, and research analysts in the financial capital of the world,” said Mr. Ntephe. “We continue to make progress toward achieving a number of long-term business objectives, including the start of exploratory drilling in the Gulf of Guinea, and we are excited to introduce the company to those who aren’t familiar with us.”
ERHC Energy’s most recent quarterly financial report shows the Company had cash assets totaling $32.4 million and very little debt as of June 30, 2008.
Participation in the RedChip Elite Investment Conference is part of ERHC Energy’s strategy to take its story to investors in the U.S. and international markets. Later this month, ERHC will also be presenting at the 2008 Global Investment Symposium in Dubai. ERHC’s presentation in Dubai is scheduled for Monday, October 27, 2008.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil and gas assets in the in the highly prospective Gulf of Guinea. ERHC is committed to creating and delivering significant value for its shareholders, investors, and employees; sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
This press release contains statements concerning 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 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, those relating to the Company’s ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of São Tomé and Príncipe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company’s control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.