ERHC Energy Chief Operating Officer Discusses Nigeria-São Tomé & Príncipe Joint Development Zone

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 prospects being drilled and provides valuable insight into the prospectivity of the entire area.

We sat down with ERHC Chief Operating Officer Peter Ntephe to discuss the Company's unique position in the industry and the progress being made toward realizing the value of its oil and gas assets.

The Company has additional interests in the Exclusive Economic Zone (EEZ) of Democratic Republic of São Tomé & Príncipe.

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Comments:

Total Comments: 11

Dan on 6-Jan-10 11:12 AM permalink
George: We address the issue of disclosing results in our FAQ at http://www.erhc.com/faq/. He was juxtaposing the time it has taken the Company and its longtime shareholders to get to this point versus the time left before results are known. There are many variables that can influence when results will be released. ERHC is determined to immediately release the results in accordance with and as permitted by contractual and regulatory obligations.
George on 6-Jan-10 10:29 AM permalink
just a few weeks away. 01/06/2010 No news yet? Idea for new book. How To Torture A Tiny Little Shareholder. Sorry Dan. Not your fault. Some of us have every penny riding on this. Have a nice day Bro. I wouldn't want your job right now. I'll pray for both of us and the company.
Frank on 5-Dec-09 10:07 AM permalink
Well done job, hope you will go so on
Jerry on 4-Dec-09 3:02 PM permalink
To: COO Peter Ntephe: Thank you for your Video report and understanding the feelings of your shareholders. I applaud your comment regarding long time holders and was pleased that are thinking about all of us as well. Your report and delivery was a thing of beauty and well planned Thank You. Sincerely, Jerry Rappaport`
Don on 3-Dec-09 10:35 AM permalink
Very good update! Thanks for keeping the shareholders informed.
Marc on 3-Dec-09 1:40 AM permalink
What can I say, perfect job. This is the kind of information we all like and were waiting for. Up to the cc and hopefully the announcement of the drill results
Larry on 2-Dec-09 7:05 PM permalink
Thanks for lifting the box a little by providing this communication.
Berislav on 2-Dec-09 5:26 PM permalink
Great video, seems like Peter is holding back, not wanting to 'spill the beans', i.e. the good knews he believes/knows. He is saying: be patient, we are almost there, keep the faith. Looks like he is sitting on 'something', is it OIL?
Joseph on 2-Dec-09 4:17 PM permalink
Keep up the communications. A job well done.
Darrell on 2-Dec-09 4:05 PM permalink
Thanks for the update. There is a lot of info here that many shareholders have been wondering about. This certainly makes me feel better about the situation. I realize there is only so much that can be devulged due to the operatorruls of engagement. Thanks again
Troy on 2-Dec-09 3:59 PM permalink
Very exciting times!