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May 2010 Update to Shareholders from CEO Peter Ntephe

Dan Keeney — Wed, 26 May 2010 13:00:00 GMT

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 a key role in Addax’s entry into the JDZ, including its entering into Participation Agreements with ERHC. Mr. Oviawe is a Certified Public Accountant who has the financial expertise needed to chair ERHC’s audit committee. We very much appreciate the service of these new directors and the contributions they will make to ERHC’s future success.

Following the business of the annual meeting, management presented an update on the Company’s initiatives, many of which we will touch upon in this update. That management presentation is posted on the Company website (www.erhc.com/en/art/136) and I encourage everyone who is interested in ERHC to review the slides and the accompanying speaking points.

Afterward, we opened the floor for a question and answer session which lasted more than two hours to ensure that all questions were asked and answered. The personal interaction at the Annual Shareholders’ Meeting means that questions can be answered in greater detail than via conference calls or other shareholder interactions. In the future, we hope that more of our shareholders will make an effort to attend.

Exclusive Economic Zone

As we announced earlier this year, the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) awarded ERHC 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). In accordance with the preferential rights by which ERHC became entitled to the Blocks, there are no signature-bonus obligations on ERHC’s interests in Blocks 4 and 11 of the EEZ.

ERHC intends to approach the EEZ Blocks in a similar fashion to Blocks 2, 3 and 4 of the Joint Development Zone. We will seek agreements with potential operators and work with the operating partners to negotiate Production Sharing Contracts.

We are pleased to report that the interest shown in ERHC's EEZ blocks by potential farm-in partners has been encouraging. While discussions are ongoing, we are continuing to seek interest from other potential partners.

In recent months, ERHC’s management team and advisors have made several visits to São Tomé & Príncipe and we are planning additional visits with ANP-STP to continue advancing the EEZ. In April, ANP-STP brought its EEZ licensing round roadshow to Houston, which proved to be a terrific opportunity for ERHC to continue strengthening relations with the organization’s leadership. Representatives of ERHC attended the session and were energized by the level of interest expressed by major oil and gas companies.

Joint Development Zone

The analysis of information gathered during the 5-well drilling campaign in JDZ Blocks 2, 3 and 4 is continuing. With the authorization of the operators, ERHC has released preliminary findings that biogenic methane gas was discovered across all three Blocks.

There seems to have been a little confusion about these preliminary findings and I want to be clear that ERHC management is as excited about what we have accomplished as we were several months ago. It is not unusual for initial oil and gas exploration in a previously unexplored area to have surprising findings that prompt questions about existing models. The challenge is to use those findings to guide future drilling decisions and maximize the likelihood of success.

That said, I must continue to caution that offshore exploration, especially in deepwater, is a long and involving process. The Joint Development Authority has granted the operators of all three Blocks a 6-month extension to Exploration Phase I. That means we and our partners have until mid-September to determine how to proceed. Specifically, the operators are focusing on the following five tasks:

1. Further examine the controlling elements in the hydrocarbon accumulation based on seismic data and drilled well data;

2. Re-evaluate geologic conditions for petroleum accumulation;

3. Estimate resources of undrilled traps and evaluate drillable trap(s);

4. Analyze economic feasibility of developing the oil/gas reservoir; and

5. Propose the way forward.

As we have seen in the Gulf of Mexico, deepwater exploration is extremely challenging. Often, the achievements are taken for granted when things run efficiently. The operators of ERHC’s JDZ Blocks, Addax Petroleum and Sinopec Corp., have done a great job, completing our deep offshore wells safely and coming in on time and on budget.

We also want to express our gratitude to the JDA, which has given all parties involved in our JDZ Blocks support and cooperation.

Listing on the AIM Market

ERHC’s plans to list on the AIM market of the London Stock Exchange are progressing as expected. The Company’s management and advisers are in the advanced stages of working out the most expeditious and cost-effective structure for listing without diminishing shareholder value. The option of an Exchange Offer that was described at the Annual Shareholder’s Meeting is being compared with alternatives in order to reach agreement by mid-June on the approach that best suits the Company's objectives.

An AIM listing has several benefits, including the potential involvement of institutional investors, the market’s familiarity with oil and gas companies focused on Africa and the fact that the AIM is a respected exchange that will enable the Company to access a new pool of capital to fund acquisitions. We are appraising several exciting new opportunities that are expected to diversify ERHC's portfolio of oil and gas assets, give the Company bookable proven reserves and bring ERHC closer to revenue generation. An AIM Listing is necessary to give us access to the resources that we shall need to compete on these opportunities.

Finally, it is important to caution again about rumors concerning ERHC Energy and the Company’s various initiatives. We have heard reports from inauthentic sources that are apparently designed to contradict some of the information released by the Company. These reports are inaccurate and seem to be intended to cause doubt and suspicion. Please consider the source of any information you receive about the Company and rely on the Company to provide accurate information. If you have questions, please ask the Company directly through investor relations representative, Dan Keeney (214.432.7556 or dan@dpkpr.com).

I thank you all for your continued interest in ERHC and your trust.

Sincerely,

Peter Ntephe
Chief Executive Officer

This update 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 Economic Zone 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.

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26-May-10 8:00 AM

Congressional Briefing on the Impact of United States Energy Policy on Trade with the Gulf of Guinea

Dan Keeney — Tue, 04 May 2010 19:00:00 GMT

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 place from 9.30am to noon at the Greater Houston Partnership's Offices in Houston.

ERHC Energy Presents at Congressional Briefing on Gulf of Guinea

Speaking Points

Slide 1: Distinguished ladies and gentlemen, as we say in one of the countries in the Gulf of Guinea all protocols observed.

Slide 2: I am Peter Ntephe and I represent ERHC Energy, a publicly traded American company out of Houston. ERHC’s focus is exploration and production of oil and gas in the Gulf of Guinea. As a company regulated by the US Securities and Exchange Commission, we must preface our presentation with the caveat on any forward looking statements about the company.

Slide 3: It has already been emphasized this morning that the Gulf of Guinea is one of the most prolific hydrocarbon regions of the world.

Slide 4: The strategic importance of the Gulf of Guinea to the US cannot be overemphasized. As Congressman Rush has said, the region is expected to be one of the fastest growing sources of oil and gas for the US market in the coming decades. The oil from the region tends to be high quality making it amenable to stringent refining standards in the US. The geography of the region is also favourable to the US. There is clear water between the Gulf of Guinea and the East Coast. Compared to many other oil regions that service the US market, the oil from the Gulf can be more easily transported to the US.

Slide 5: There are several challenges however to doing business in the region. There is no gainsaying the fact that the region has acquired a reputation as a high risk environment as far as the US Foreign Corrupt Practices Act is concerned. Then there is the creeping indigenization of the industry in the most important producer nations as represented by their local content laws. Nigeria, the biggest producer in the Gulf of Guinea, has just passed one such law.

It becomes imperative therefore, given the importance of the region to US oil interests, to seek business models that align American interests and concerns with those of the African host countries.

Slide 6: We present one of those models as ERHC Energy.

Slide 7: ERHC is incorporated in Colorado and based in Houston. It is publicly traded and in the past few months has had market capitalization ranging between a quarter and half a billion US dollars.

Slide 8: ERHC has oil and gas rights and is a major player in two main areas in the Gulf of Guinea, namely the Nigeria Sao Tome and Principe Joint Development Zone (“JDZ”) and the Sao Tome and Principe Exclusive Economic Zone (“EEZ”).

Slide 9: The JDZ and the EEZ are adjoining areas that constitute a considerable expanse of the offshore waters of Nigeria and Sao Tome and Principe.

Slide 10: In the JDZ, ERHC has rights in six of the nine blocks delineated for oil and gas exploration.

Slide 11: A five-well drilling campaign has just been completed in three of ERHC’s JDZ blocks in depths of 6,000 feet of water. The results are interesting and are currently being analysed.

Slide 12: The JDZ is of course surrounded by major discoveries, particularly in the prolific Nigerian fields to the North.

Slides 13 and 14: ERHC also has rights in the Sao Tome and Principe EEZ.

Slide 15: ERHC holds 100% of the rights to exploration and production of Blocks 4 and 11 of the EEZ with no requirement to pay signature bonus.

Slide 16: What is the uniqueness of ERHC? It is an American company formed in America by Americans a quarter of a century ago. Since 2001 however, African business and private interests have acquired substantial equity stakes. ERHC currently has over 2,000 shareholders of record and an estimated 62,000 beneficial owners. The split between American and African equity is roughly 50:50. All this has been achieved entirely by free market forces: the purchase of shares by private treaty or on the open market.

ERHC is therefore local and international at the same time. It is a truly unique company. I will challenge you to find any other company like that operating in the Gulf of Guinea. It truly aligns American interests and concerns with African ones like no other. ERHC is subject to regulation by the US Securities and Exchange Commission and aspires to best practice international corporate governance standards. Importantly too, its corporate structure is recognised by and welcome to international capital.

Slide 17: ERHC is currently seeking a listing on the AIM market of the London Stock Exchange for increased capitalization.

Slide 18: Because it is a credible US company, ERHC attracted and entered into technical partnerships with Sinopec and Addax who are world-class, deep offshore operators to explore three of ERHC’s JDZ blocks. It is these arrangements initiated by ERHC that are currently driving exploration in the JDZ and made possible an expenditure of over a quarter of a billion US dollars in drilling the five wells I earlier mentioned.

Slide 19: ERHC provides opportunities for other American businesses and investors. We are currently looking for technical partners for our blocks in the Sao Tome and Principe EEZ. We are open to transact with a credible and reputable international operator but would think it in the US strategic interest if that partner were American like us.

ERHC is also a possible joint-venture partner for American oil and gas businesses (including minority-owned businesses) seeking entry into other parts of the Gulf of Guinea with a credible and knowledgeable player in the region.

Thirdly, ERHC is an investment proposition for American investors seeking to take equity stakes in a Gulf of Guinea focused energy play.

Slide 20: In conclusion, ERHC is a model for aligning American and African interests and concerns in the Gulf of Guinea. Our challenge, distinguished ladies and gentlemen, is to formulate US energy policy that encourages this and other models of co-operation that will not only further US interests in a legitimate and sustainable way but will do so in conjunction with the advancement of host country interests and concerns in the Gulf of Guinea. Thank you for giving ERHC the opportunity to participate in this Congressional briefing.

4-May-10 2:00 PM

Management Presentation following the 2010 ERHC Annual Shareholder’s Meeting

Dan Keeney — Wed, 28 Apr 2010 03:00:00 GMT

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, 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.

ERHC’s Chief Operating Officer, the Acting Chief Executive Officer of the Company, will provide the 2010 Management Presentation.

SLIDE 3

Thank you, and again I want to thank all of you who have chosen to spend your valuable time this afternoon participating in this meeting of ERHC shareholders. We appreciate that you are taking your responsibilities as owners of this Company seriously and we look forward to updating you on the status of a number of important initiatives underway and will open the floor to questions following this presentation.

The Management Presentation will discuss

ERHC’s financial highlights;
Our assets in the Nigeria-Sao Tome & Principe Joint Development Zone;
Our assets in the Sao Tome & Principe Exclusive Economic Zone;
Our acquisition and growth strategy and will update you on what’s happening;
The plan of action for listing on the AIM of the London Stock Exchange.

SLIDE 4

First, let’s talk briefly about ERHC’s financial highlights for 2009.

SLIDE 5

This chart shows the positive trend in ERHC’s general and administrative expenses in recent years as we continue to operate in an efficient and streamlined fashion. General and administrative expenses last year totaled $4.2 million, which was the lowest since fiscal year 2004.

As we have discussed in past conference calls, a financial institution in which ERHC Energy invested in certificates of deposit was placed into receivership in February 2009. During the fiscal year, we established a provision for loss of approximately $4.2 million to account for a potential loss if those funds are not recoverable.

SLIDE 6

With cash and cash equivalents at the end of 2009 totaling approximately $22.4 million and with virtually no debt on our books, ERHC continues to be on solid ground financially. We are confident that we have adequate resources to continue to operate for the foreseeable future. That said, understanding that we have diminishing cash resources and a fairly long time horizon before our existing oil and gas assets can produce revenues, is essential for grasping the importance of the other business strategies we will discuss later in the presentation.

SLIDE 7

Now let’s talk about those existing oil and gas assets in more detail, starting with the Nigeria-Sao Tome & Principe Joint Development Zone.

SLIDE 8

Briefly, the Nigeria-Sao Tome & Principe JDZ is in the deepwater Gulf of Guinea approximately 200 kilometers off the coast of West Africa. It is between Nigeria and the island nation of Sao Tome & Principe. To date, the JDZ has been delineated into nine Blocks for oil and gas exploration and ERHC has interests in six of the nine. Specifically, we have

A 22% interest in JDZ Block 2
A 10% interest in JDZ Block 3
A 19.5% interest in JDZ Block 4
A 15% interest in JDZ Block 5
A 15% interest in JDZ Block 6
And a 20% interest in JDZ Block 9

The Blocks are in various stages of exploration. JDZ Blocks 2, 3 and 4 were the focus of an aggressive exploration campaign that concluded in January. To date, no Production Sharing Contracts have been signed in either JDZ Block 5 or 6, and no operatorship has been awarded yet in JDZ Block 9.

This time last year, many people were wondering if drilling would ever happen. The waiting seemed to be unending. And then BOOM, a series of events occurred that made a coordinated and comprehensive drilling campaign possible.

Addax Petroleum contracted for the Deepwater Pathfinder deepwater drill ship.
Sinopec arranged for a semi submersible drilling rig for Block 2.
Addax Petroleum acquired the operatorship of JDZ Block 3, setting the stage for a coordinated campaign across all three Blocks.
Finally, Sinopec acquired Addax Petroleum, which ensured all the knowledge and expertise across all three Blocks would be shared and seamless and that the campaign would well financed.

By the time the last well was completed in January 2010, five wells had been drilled.

SLIDE 9

Of course, everyone is excited to learn what was found during the drilling and we will share with you what we can today. However, please understand that the analysis of the information gathered during drilling is not complete. Both operators were granted an extension until mid-September to indicate their plans for Exploration Phase II, contingent upon approval by the Joint Ministerial Council.

Here you see the to-do list during this extension period. The operators are continuing to analyze the data and that may continue for some time. We get lots of questions asking about why it is taking so long. The reason is simple – the next step of exploration will require considerable resources and all parties involved want to be absolutely sure they make the right decisions – regardless of how long it takes.

SLIDE 10

Here are the drilling locations.

The Kina-1 well in JDZ Block 4
Followed closely by the Bomu-1 well in JDZ Block 2
Then over to the Lemba-1 well in JDZ Block 3
And back to Block 4 for the Malanza-1 well and Oki East-1 well.

Let’s discuss what we know about each of the Blocks in which drilling has occurred.

SLIDE 11

This is a closer view of JDZ Block 2 where you see the Bomu-1 well. Sinopec Corp. is the operator of this Block and is carrying ERHC’s interests.

SLIDE 12

Sinopec has authorized ERHC to release the following information about drilling in Block 2. The well was drilled on time and budget. Before drilling began, the team identified 13 individual sands. The Bomu-1 well was drilled to a total depth of 3,580 meters. After drilling, eight sands were found to contain natural gas. Currently, there is not enough hydrocarbon resource for a stand-alone development, but no final determination has been made by the operator regarding commerciality.

SLIDE 13

Moving on to JDZ Block 3 where the Lemba-1 well was drilled in October and November 2009. Worth noting also is that Addax Petroleum acquired the operatorship in this Block from Anadarko. Addax is carrying ERHC’s interests in this Block.

SLIDE 14

Addax Petroleum has authorized ERHC to release the following information about drilling in Block 3. The Lemba-1 well was drilled on time and below budget. The well was drilled to a total depth of 3,758 meters. Before drilling, eight individual sands were identified as prospective – two were found to contain biogenic methane gas. While no determination has yet been made regarding commerciality, an additional prospect is being evaluated for potential Phase II drilling.

SLIDE 15

And now let’s examine JDZ Block 4 where three wells– Kina, Malanza and Oki East – were drilled between August 2009 and January 2010. Addax Petroleum is the operator in this Block and is carrying ERHC’s interests.

SLIDE 16

Addax Petroleum has authorized ERHC to release the following information about drilling in Block 4. All wells were drilled on time, budget and to planned depth. In both the Kina well and the Oki East well, gas was discovered in multiple sands. It is important to understand that this information is preliminary and work is ongoing to integrate a potential area-wide development.

SLIDE 17

In recent months we have also seen considerable progress toward realizing the value of our interests in the Sao Tome & Principe Exclusive Economic Zone.

SLIDE 18

In 2009, the National Petroleum Agency of São Tomé & Príncipe delineated the EEZ into 19 Blocks and earlier this year ERHC exercised its preferential rights arising from prior agreements between ERHC and São Tomé & Príncipe. In February, the National Petroleum Agency of São Tomé & Príncipe confirmed the award to ERHC of 100 percent working interests in Blocks 4 and 11 – signature bonus free. The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts on the two Blocks in due course.

SLIDE 19

Here is a better look at the EEZ, which is situated southeast of the JDZ. ERHC has been active in this area since 1997 and was among the first companies to identify the possibility of significant oil and gas reserves offshore of São Tomé & Príncipe. You’ll notice that both Blocks we selected sit directly to the east of the islands of Sao Tome and Principe. Let’s take a closer look.

SLIDE 20

EEZ Block 4 is directly to the east of the island of Principe. What you don’t see is that Principe is the very top of a very steep volcanic structure and the water depths get very deep very fast. Water depths in the Block 4 may reach up to 10,000 feet. The lines you see indicate seismic imaging that has been conducted in this area.

SLIDE 21

EEZ Block 11 is directly to the east of the island of Sao Tome. This, too, is a volcanic structure that juts up from the floor of the Gulf of Guinea. There has been less seismic imaging conducted in this area. As we have experienced with the JDZ, oil and gas exploration is a long process. The next step will be to open discussions with potential technical partners that will farm into the Block and assume the operatorship. We look to work with such operator in negotiating Production Sharing Contracts on the two Blocks.

In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date following the licensing round that is currently underway.

SLIDE 22

So we ARE making CONSIDERABLE progress toward realizing the value of our oil and gas assets in the Gulf of Guinea. That said, it is clear that we are still a long way -- perhaps as many as five to 10 years or more – from the point at which any of these oil and gas assets could produce revenues. Therefore, it is essential that we identify and acquire assets with a shorter time horizon of producing revenues.

SLIDE 23

After examining dozens of potential acquisition prospects, we have identified and are holding discussions a number of potential exploration and production opportunities in West Africa. Ultimately, what we seek is a portfolio of assets and companies in which we believe ERHC can derive significant strategic value. The success of potential acquisitions depends on the availability of adequate financing. In a moment we will discuss our plan for raising funds to complete these acquisitions.

Before moving on, I want to emphasize that ERHC’s principal assets remain the JDZ and the EEZ interests and it is our intention to protect them and advance the Company’s overall standing.

SLIDE 24

Finally, we have important information to relate regarding management’s efforts to seek a listing on the AIM of the London Stock Exchange.

SLIDE 25

We originally announced our intention of seeking a listing on the AIM about two years ago but we had to put those plans on hold due to the global economic crisis that virtually froze financial markets around the world. In recent months, the business environment has improved enough to forge ahead. We have engaged Strand Hanson, an independent London based specialized corporate finance advisory and investment firm, as our principal adviser and sponsor on the AIM listing process.

SLIDE 26

For those who are not familiar with the AIM, it offers a number of important advantages. Perhaps most important is that it has earned a reputation for fostering emerging oil and gas companies – their are approximately 100 small and mid cap O&G companies listed on AIM with operations around the world. Also, the analysts who cover the oil and gas sector truly understand the unique opportunities and risks of doing business in Africa. This is a significant factor, as we believe that our market valuation has at times been adversely affected by low appreciation of the type of assets we have in the market in which our shares currently trade.

SLIDE 27

Just to illustrate that point, we offer this comparison. As far as we know, there is just one other company listed on the OTC focused on Africa’s oil and gas industry. Out of all the OTC-listed companies – ERHC has just one peer company. On the AIM, there are 11 companies that are focused on Africa’s oil and gas industry.

SLIDE 28

Here are a few examples of the excitement generated on the AIM from recent oil and gas fund raisings. It illustrates the vitality of this additional pool of capital and the fact that this is a market that is enthusiastic about emerging oil and gas companies. To grow ERHC into a successful West Africa-focused energy investment company, we will need to tap the market just like these companies in order to fund future significant acquisitions, some of which are already in the pipeline.

SLIDE 29

Why pursue a listing on the AIM? The primary reason is that we believe it will help ERHC achieve true value for its shares by attracting institutional investors and trading in the epicenter of the international finance community. We also expect that a listing on the AIM would attract the attention of reputable brokers – many of whom steer their clients away from OTC listed companies. Why not list on a different U.S. exchange? We note again AIM’s comparative advantages over NASDAQ and AMEX in terms of appreciation of, and appetite for, companies like us and assets like ours.

SLIDE 30

As we announced earlier this year, the process of pursuing a listing on the AIM is underway. With the guidance of our sponsor and advisors, ERHC’s Board of Directors has approved a strategy and plan of action, which includes the implementation of a restructuring of the organization. We will describe what that entails in a moment.

SLIDE 31

ERHC is not embarking on this process alone, of course. We have engaged an experienced and highly capable team of advisors to guide us. Some of these names may be familiar to you – we previously announced that Strand Hanson is our Sponsor and we have had a previous relationship with Duane Morris. We have assembled a good team and are in capable hands.

SLIDE 32

We have agreed with our advisory team a strategy that has three primary elements.

Step one, is to establish a new wholly-owned subsidiary – ERHC Energy plc. More on that in a moment.
Step two is to seek shareholder approval of a proposed voluntary exchange of existing shares for shares in the wholly-owned subsidiary that will be listed on the AIM. This exchange would be offered to shareholders but without any obligation on their part to accept. Those who prefer to keep their shares in ERHC Energy Inc will be able to do so.
Step three is to list ERHC Energy plc on AIM.

SLIDE 33

Let’s examine that plan of action in more detail. This is the corporate structure announced in April 2008 with which you are all familiar.

SLIDE 34

Here you see our new corporate structure. Firstly, we have established ERHC Energy (BVI) Limited, which is an intermediate holding company that will hold all our Sao Tome & Principe EEZ assets once PSCs have been negotiated and our ownership thereof has been formalized. Secondly, a new intermediate holding company – ERHC Energy PLC – registered the U.K., will be established. It is this new holding company that we intend to list on AIM. This company will initially be a wholly owned subsidiary of ERHC Energy Inc, which will -- as you can see from the group structure -- own all of the Group’s oil and gas assets.

SLIDE 35

When ERHC Energy plc has been established, we shall ask shareholders to approve a plan to offer an exchange of current shares for shares in the ERHC Energy plc that will be listed on the AIM. If the plan approved by a majority of shareholders voting at a Special Shareholder’s Meeting, we will offer shareholders the opportunity to exchange their current ERHC Energy Inc. shares on a one-for-one basis for shares in ERHC Energy plc.

SLIDE 36

We want to stress that if approved by the shareholders, the Exchange Offer would be completely voluntary. Those who prefer to retain their current ERHC Energy Inc. shares can do so. The exchange offer is being structured in such a way as to avoid unfavorable tax consequences, although it is always a good idea to discuss matters such as this with an accountant.

SLIDE 37

We also want to make it clear that the total number of shares in ERHC’s listed companies will be the same before and after the exchange of shares. Today, ERHC Energy Inc. has approximately 723 million issued shares. In the example we’ve drawn up, if 600 million of our current shares are exchanged, there will be 600 million shares of the new AIM-listed company held by those shareholders participating in the Exchange. This would leave 123 million shares in ERHC Energy plc owned by ERHE.OB. Post the Exchange ERHC.OB will have 123 million issued shares. The Exchange will not result in any shareholder value dilution, whether you choose to participate in the Exchange Offer or not.

SLIDE 38

The exchange offer will be contingent on two things: approval by a majority of shares voted at a special shareholder’s meeting and admission of ERHC Energy plc to the AIM. If a majority of shareholders voting in the meeting approve offering shareholders the opportunity to exchange their current shares for shares in the AIM-listed company, we will open the exchange offer period and proceed with the process to gain admission to the AIM immediately following the end of the offer period.

SLIDE 39

As a result of these initiatives, ERHC Energy plc will emerge as ERHC’s central holding company. There will be two groups of shareholders:

The direct shareholders – those who voluntarily participate in the Exchange Offer.
And shareholders of ERHC Energy Inc. – those who do not choose to participate in the

Exchange Offer or take no action at all and retain their current shares. These shareholders will own ERHC Energy, Inc., and through that ownership, will share ownership of the AIM-listed ERHC Energy plc.

SLIDE 40

To summarize, the AIM listing process is underway and we have a number of important administrative steps to complete in the near term, including securing shareholder approval to offer an exchange of existing shares for shares in the holding company to be listed on the AIM. Whether or not they choose to exchange their shares, we expect that shareholders will benefit as the Company gains visibility in a market that is more accepting of emerging oil and gas companies and more likely to accurately reflect our true value. It also will help us to accelerate our acquisition efforts and diversify of energy investment portfolio.

SLIDE 41

In conclusion, ERHC has come a long way. We await the completion of data analysis of the information gathered during drilling in the JDZ. We prepare for the negotiations of PSCs in the EEZ. We continue negotiations for potential acquisitions. Overall, we are making progress toward realizing the value of our assets.

While we are proud of what we have accomplished, we have a long list of actions yet to be taken – including setting the course for diversifying our assets and speeding up the pace of producing revenues. We believe what we have described here is a win-win that maximizes the Company’s future opportunities.

Thank you for taking the time to participate today.

And now we would be happy to answer any questions you might have.

SLIDE 42

(Q&A…)

ERHC 2010 AGM Management Presentation

View more presentations from Dan Keeney.

27-Apr-10 10:00 PM

Presentation at Nigeria Oil & Gas '10 by ERHC COO Peter Ntephe

Dan Keeney — Wed, 24 Feb 2010 20:00:00 GMT

ABUJA, NIGERIA, February 24, 2010 - ERHC Energy today published the presentation, "Remodeling Nigeria's Energy Industry for 2020; The E&P Capital Challenge," delivered by the Company's Chief Operating Officer at Nigeria Oil & Gas '10 in Abuja, Nigeria on Tuesday, February 23, 2010.

ERHC Nigeria Oil & Gas '10 Presentation

More than 1,100 delegates participate in the two-day strategic conference, which brings together the perspectives of all players involved in Nigeria's oil and gas industry. Delegates get a clear picture of government strategy through keynote addresses from the Minister of Petroleum Resources and other senior government officials, as well as the top management of NNPC.

ERHC Energy is a Gold Sponsor of Nigeria Oil & Gas '10 and exhibits at the conference. Last year's conference attracted a record crowd of nearly 7,200 participants.

Cautionary Statement

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, 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 Economic Zone 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.

24-Feb-10 2:00 PM

News from ERHC Energy

Dan Keeney — Tue, 16 Feb 2010 14:00:00 GMT

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 Sharing Contracts (PSCs) on the two Blocks in due course.

The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers south and east of the Nigeria/São Tomé & Príncipe Joint Development Zone and surrounding the volcanic islands of Príncipe and São Tomé. Block 4 is situated directly east of the island of Principe. Block 11 is directly east of the island of Sao Tome. A map of EEZ block delineations is available on the Company’s website at www.erhc.com/EEZ-Blocks.

“We have a special corporate bond with the government and the people of São Tomé & Príncipe and we look forward to the successful negotiation of PSCs in order to take our mutual interests to the next level,” said ERHC Chief Operating Officer Peter Ntephe.

ERHC was among the first companies to identify the possibility of significant oil and/or natural gas reserves offshore of São Tomé & Príncipe and has been active in the area since 1997. In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date to be determined.

View a video of Mr. Ntephe speaking about the São Tomé & Príncipe EEZ here: http://www.youtube.com/watch?v=ZM0hBh7xJh4.

About ERHC Energy

ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

Cautionary Statement

Releases for 17-Jan-10 to 16-Feb-10

ERHC Energy Inc. Announces Block Awards in São Tomé & Príncipe Exclusive Economic Zone

Author: Dan Keeney

Release Date: Tuesday 16-Feb-10 7:00 AM

HOUSTON, February 16, 2010 – ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

ERHC Energy Inc. Reports First Quarter 2010 Financial Results

Author: Dan Keeney

Release Date: Wednesday 10-Feb-10 8:00 AM

HOUSTON, February 10, 2010 - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

ERHC Energy Seeks Listing on AIM Market of the London Stock Exchange

Author: Dan Keeney

Release Date: Wednesday 20-Jan-10 8:30 AM

HOUSTON, January 20, 2010 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

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16-Feb-10 8:00 AM

Latest News from ERHC Energy

Dan Keeney — Tue, 12 Jan 2010 21:00:00 GMT

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 Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

Cautionary Statement
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.

# # #

Articles for 13-Nov-09 to 12-Jan-10

Management Presentation from 2009 Year-End Conference Call

Author: Dan Keeney

Release Date: Tuesday 15-Dec-09 12:00 PM

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... [More Info]
Posted by: Dan Keeney

Update from ERHC Energy

Author: Dan Keeney

Release Date: Wednesday 9-Dec-09 3:15 PM

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... [More Info]
Posted by: Dan Keeney

ERHC Energy Chief Operating Officer Discusses São Tomé & Príncipe Exclusive Economic Zone

Author: Dan Keeney

Release Date: Wednesday 9-Dec-09 3:00 PM

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... [More Info]
Posted by: Dan Keeney

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

Author: Dan Keeney

Release Date: Wednesday 2-Dec-09 2:00 PM

ERHC Energy Chief Operating Officer Explains Interest in Marginal Field Opportunities

Author: Dan Keeney

Release Date: Wednesday 25-Nov-09 3:00 PM

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... [More Info]
Posted by: Dan Keeney

Releases for 13-Dec-09 to 12-Jan-10

Federal Investigators Return Documents of ERHC Energy Inc.

Author: Dan Keeney

Release Date: Tuesday 12-Jan-10 3:45 PM

HOUSTON, January 12, 2010 – ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

ERHC Energy Inc. Announces Conclusion of Initial Exploratory Drilling Campaign

Author: Dan Keeney

Release Date: Thursday 7-Jan-10 3:00 PM

Five wells drilled in three Joint Development Zone Blocks in four months HOUSTON, January 7, 2010 – ERHC Energy Inc. (OTCBB: ERHE),... [More Info]
Posted by: Dan Keeney

How to Access Replay of Year-End Conference Call

Author: Dan Keeney

Release Date: Tuesday 15-Dec-09 11:00 AM

An online replay of today's ERHC Year-End Conference Call is now live: Recording URL: https://www.livemeeting.com/cc/erhcenergy/view ... [More Info]
Posted by: Dan Keeney

ERHC Energy Inc. Reports Fourth Quarter and Year End 2009 Financial Results

Author: Dan Keeney

Release Date: Monday 14-Dec-09 7:00 AM

HOUSTON, December 14, 2009 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

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12-Jan-10 3:00 PM

Management Presentation from 2009 Year-End Conference Call

Dan Keeney — Tue, 15 Dec 2009 18:00:00 GMT

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 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 conference call. 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.

For additional information on ERHC, please visit our Web site at www.erhc.com.

I am now pleased to turn the call over to Mr. Peter Ntephe, Chief Operating Officer of ERHC Energy….

(Peter Ntephe)

Good morning! I appreciate you taking time out of your busy day for this update on ERHC’s operations and the Company’s financial position. With me and Mr. Keeney on the call are:

Dan Gralla, ERHC’s vice president in charge of technical matters.
David Bovell, ERHC’s vice president in charge of corporate development.
Sylvan Odobulu, ERHC’s controller in charge of financial matters.
And Deon Warner of Warner & Associates, ERHC’s corporate counsel.

Even though it has only been four months since the last time we conducted one of these calls, we have made great strides during that period toward our vision of realizing the value of our assets. For those who don’t track ERHC’s activities on a daily or weekly basis, I will describe what we have been doing.

In the Nigeria-Sao Tome & Principe Joint Development Zone, which we will refer to as the JDZ, our technical partners are in the midst of a coordinated exploratory drilling campaign that stretches across three Blocks.

In JDZ Block 2, in which ERHC has a 22 percent interest, Sinopec Corporation drilled the Bomu-1 well. In JDZ Block 3, in which ERHC has a 10 percent interest, Addax Petroleum drilled the Lemba-1 well. And in JDZ Block 4, in which ERHC has a 19.5 percent interest, Addax Petroleum has drilled two wells – Kina and Malanza-1 – and is in the process of drilling the Oki East well.

The purpose of this process is to test scientific conclusions and gather additional information. To that end, a detailed evaluation of information from the four wells is underway, but at this point we cannot draw any conclusions regarding the extent and quality of the hydrocarbon systems encountered.

The operators are in the process of a comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models. Each well is being evaluated using several standard oilfield methods and the rock properties and reservoir fluids will be measured and evaluated.

The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various prospects being drilled. Perhaps more importantly, it is helping us to understand the prospectivity of the entire area.

I want to assure everyone in the shareholder community that the Company’s management is as excited about getting drilling results as the investment community is. The fact, however, is that this is a highly technical process that takes considerable time. The parties are working to ensure that operations are conducted to the highest industry standards. The focus is quality of work put into each well, not undue haste.

In accordance with the practice in the JDZ, accurate, material information on the progress in the JDZ Blocks will emanate from the operators or the Joint Development Authority. ERHC will release such information in a timely manner in accordance with our contractual and regulatory obligations.

ERHC also has rights in JDZ Blocks 5, 6 and 9. To date, no Production Sharing Contracts have been signed for these Blocks, but depending on what is found in Blocks 2, 3 and 4, we anticipate that the JDA may act to firm up operations in those Blocks as well in the foreseeable future.

For detailed information concerning the JDZ, the JDA and the company’s Participation Agreements and Partnerships, I invite you to visit our Web site at www.erhc.com.

STP EEZ

We are also anticipating progress regarding the Sao Tome & Principe Exclusive Economic Zone where ERHC has substantial interests.

ERHC has rights to participate in exploration and production activities in the EEZ. Our rights include the right to receive 100 percent of up to two blocks of ERHC’s choice – signature bonus free – and the option to acquire up to a 15 percent paid working interest in another two blocks of ERHC’s choice.

ERHC has attended the data room for the EEZ and has initiated a strategy for choosing the blocks we feel are the most prospective. It is obvious from their geographic position and the grouping of DRSTP that some blocks are more prospective than others. ERHC will obviously position itself to acquire the most prospective blocks.

Growth Strategy

In recent weeks, ERHC began negotiations on potential investments that would expand the Company’s presence in West Africa’s oil and gas industry. With considerable progress being made in the ongoing exploration campaign in the JDZ, we believe this is the right time to accelerate business development activities elsewhere.

We are in discussions regarding investment in and acquisition of working interests in the Eremor Marginal Field – OML 46 – in Nigeria. We are also in separate discussions regarding the acquisition of a controlling equity interest in an oil services company.

These opportunities will begin the process of diversifying our portfolio of assets. If the negotiations are successful, the investments would enhance shareholder value by accelerating the timeline for producing revenues.

We are also investigating other exploration and production opportunities and will report progress to stockholders at the earliest appropriate time.

I want to emphasize that ERHC’s principal assets remain the JDZ and the EEZ interests and it is our intention to protect them and advance the Company’s overall standing.

Financial Highlights

Now a few financial notes from our annual filing.

As of September 30, 2009, ERHC had cash and cash equivalents totaling about $22.4 million. Management believes that these cash assets are sufficient to keep the company going for several years.
We are pleased to report that ERHC’s general and administrative expenses for the year were down from the same period one year ago, which illustrates management’s careful stewardship of the Company’s operations and expenditures.

During the year, ERHC’s net loss totaled approximately $7.7 million. A few factors contributed to the loss, including provision for loss on certificates of deposits in a financial institution placed into receivership and a decline in interest income as management moved deposits to non-interest bearing accounts that provided greater security from loss.

Annual General Meeting

And finally, a quick word about our plans for an Annual General Meeting. The Annual General Meeting will be held in April 2010 in Houston, Texas. Shareholders of record 45 days prior to the Annual Meeting date will be eligible to receive notice of and vote at the meeting.

Conclusion

In conclusion, ERHC is now executing its business strategy and making significant progress toward realizing the value of its assets in the Gulf of Guinea. This has been a long process and no doubt it has been frustrating for some investors who are not accustomed to the oil and gas business. Each step takes considerable expertise and time. If oil and/or gas are discovered in commercial quantities, the resulting production of course may considerably enhance shareholder value. It is, however, important for everyone associated with ERHC to understand that this is not a field for those seeking immediate gratification. Each step takes time, financial resources and a lot of work.

Thank you for taking time out to participate in our call today.

And now we would be happy to answer any questions you might have.

# # #

15-Dec-09 12:00 PM

Update from ERHC Energy

Dan Keeney — Wed, 09 Dec 2009 21:15:00 GMT

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 706-645-9291 (international) five to ten minutes before the call begins and reference the pass code 45263070. In addition, a replay of the Webcast will be available at www.erhc.com.

Also, to open additional lines of communication with shareholders and other interested parties, we have posted a series of videos to our Web site at www.erhc.com/videos/. They feature ERHC Chief Operating Officer Peter Ntephe discussing drilling progress in the Nigeria-São Tomé & Príncipe Joint Development Zone, next steps in the São Tomé & Príncipe Exclusive Economic Zone and the Company’s pursuit of potential acquisitions in the West Africa oil and gas industry.

Articles for 10-Oct-09 to 9-Dec-09

ERHC Energy Chief Operating Officer Discusses São Tomé & Príncipe Exclusive Economic Zone

Author: Dan Keeney

Release Date: Wednesday 9-Dec-09 3:00 PM

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

Author: Dan Keeney

Release Date: Wednesday 2-Dec-09 2:00 PM

ERHC Energy Chief Operating Officer Explains Interest in Marginal Field Opportunities

Author: Dan Keeney

Release Date: Wednesday 25-Nov-09 3:00 PM

Releases for 9-Nov-09 to 9-Dec-09

ERHC Energy Inc. Schedules Quarterly Conference Call

Author: Dan Keeney

Release Date: Wednesday 9-Dec-09 3:00 PM

HOUSTON, December 9, 2009 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney

ERHC Energy Inc. Announces Next Phase of Exploration Campaign

Author: Dan Keeney

Release Date: Tuesday 8-Dec-09 3:00 PM

ERHC Technical Partner, Addax Petroleum, spuds third well in Joint Development Zone Block 4HOUSTON, December 8, 2009 – ERHC Energy... [More Info]
Posted by: Dan Keeney

ERHC Energy Inc. Pursues Investments in Nigeria Oil and Gas Industry

Author: Dan Keeney

Release Date: Tuesday 24-Nov-09 7:30 AM

Signs Memorandums of Understanding related to interests in Eremor Marginal Field and stake in oil well testing company HOUSTON, November... [More Info]
Posted by: Dan Keeney

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9-Dec-09 3:15 PM

ERHC Energy Chief Operating Officer Discusses São Tomé & Príncipe Exclusive Economic Zone

Dan Keeney — Wed, 09 Dec 2009 21:00:00 GMT

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; and
The 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 exploration and exploitation costs in the EEZ blocks.

Ocean water depths around the two islands exceed 5,000 feet, depths that have only become feasible for oil production over the past few years; however, oil and gas are produced in the neighboring countries of Nigeria, Equatorial Guinea, Gabon and Congo.

The African coast is less than 400 nautical miles offshore, which means the exclusive economic zones of the concerned countries overlap.

9-Dec-09 3:00 PM

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

Dan Keeney — Wed, 02 Dec 2009 20:00:00 GMT

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.

2-Dec-09 2:00 PM

Chief Executive Officer Issues July Update for ERHC Energy Inc. Shareholders

noemail@erhc.com — Thu, 08 Jul 2010 20:00:00 GMT

HOUSTON, July 8, 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 issued the following update on Company activities from Peter Ntephe, chief executive officer. 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...

ERHC Energy Inc. Files Shelf Registration Statement to Raise $50 Million

noemail@erhc.com — Thu, 08 Jul 2010 12:00:00 GMT

HOUSTON, July 8, 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 filing of a shelf registration on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration statement, when declared effective by the SEC, the Company may offer and sell from time to time in the future in one or more public offerings up to $50 million of its preferred stock, common stock and warrants, or units consisting of any combination thereof. The specifics of any future offering, along with the prices, terms and the use of proceeds of any securities offered by the Company, will be determined at the time of any offering and will be described in detail in a prospectus supplement filed with SEC at the time of such offering. The fundraising specified in this shelf registration statement is necessary to enable us to...

ERHC Energy Inc. Issues Statement Regarding Inaccurate Claims by Another Company

noemail@erhc.com — Fri, 25 Jun 2010 20:00:00 GMT

HOUSTON, June 25, 2010 - ERHC Energy Inc. today released the following statement:

"It recently came to the attention of ERHC Energy Inc. that a financial consulting firm, without the prior consent or knowledge of ERHC, listed ERHC as its partner, described itself as being currently involved in our AIM listing and included one of ERHC's executives among that firm's leadership team on its website. The information was completely inaccurate and potentially harmful. ERHC accordingly instructed its lawyers to require the firm to remove references to ERHC and its executive from the website. Our lawyers have made contact as appropriate with the firm.

"We also want to clear up any potential confusion regarding Mr. David Bovell, ERHC's Vice President Corporate Development. Mr. Bovell remains a full time employee of ERHC Energy and is currently coordinating ERHC's pursuit of a listing on AIM. He is neither employed by nor a contractor for another organization. He continues to work for ERHC under the terms of his prior employment contract as Vice President Corporate Development."

About ERHC Energy

Chief Executive Officer Updates ERHC Energy Inc. Shareholders

noemail@erhc.com — Wed, 26 May 2010 13:00:00 GMT

HOUSTON, May 26, 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 issued the following update on Company activities from Peter Ntephe, chief executive officer. 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...

ERHC Energy Inc. Reports Second Quarter 2010 Financial Results

noemail@erhc.com — Tue, 11 May 2010 20:00:00 GMT

HOUSTON, May 11, 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 its results for the second quarter ended March 31, 2010. As of March 31, 2010, ERHC reported cash assets totaling $20,195,873. During the first quarter, ERHC’s general and administrative expenses were $1,249,339. “We remain focused on execution of the Company’s business strategy,” said ERHC Chief Executive Officer Peter Ntephe. “Major activities are underway, including analysis of results from five wells drilled in the Nigeria-São Tomé & Príncipe Joint Development Zone (JDZ) blocks in which ERHC has interests, discussions with potential operating partners in the Democratic Republic of São Tomé & Príncipe Exclusive Economic Zone (EEZ) where ERHC holds 100 percent of two exploration blocks free of signature bonuses and...

ERHC Energy CEO Speaks on Aligning American and African Interests

noemail@erhc.com — Tue, 04 May 2010 14:00:00 GMT

HOUSTON, May 4, 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, presented during this week's Congressional briefing examining the impact of U.S. energy policy on trade with the Gulf of Guinea. ERHC CEO Peter Ntephe presented, Private Sector Energy Perspectives in the Gulf of Guinea: Aligning American and African Interests. The Congressional briefing, which coincided with the Offshore Technology Conference, was hosted by the Greater Houston Partnership and the Woodrow Wilson International Center for Scholars. It 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...

ERHC Energy Inc. Appoints Chief Executive Officer

noemail@erhc.com — Mon, 03 May 2010 12:00:00 GMT

HOUSTON, May 3, 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 appointment of Peter Ntephe as chief executive officer. Mr. Ntephe has served as chief operating officer and acting chief executive officer since 2008. As CEO, Mr. Ntephe will continue to be responsible for ensuring that the strategic objectives of ERHC Energy and its subsidiaries are met. He is overseeing the Company’s plans to seek a listing on the AIM of the London Stock Exchange and is focused on accelerating ERHC’s growth strategy. Mr. Ntephe also oversees the Company’s general administration and governance. ERHC also announced election of three new directors by the shareholders at the Company's Annual Shareholders Meeting on April 27, 2010. Shareholders elected Leslie Blair, Friday Oviawe and Peter Ntephe. They join ERHC’s re-elected directors,...

ERHC Energy Inc. Releases Preliminary Results of Shareholder Votes on Proposals

noemail@erhc.com — Wed, 28 Apr 2010 05:00:00 GMT

HOUSTON, April 28, 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 preliminary results of shareholder votes on two proposals -- the election of Directors and the ratification of the Company's external auditors. Preliminary results indicated that shareholders elected the following: FOR WITHHELD Ambassador Howard Jeter 372,970,206 5,319,370 Dr. Andrew Uzoigwe 371,821,888 6,467,688 Leslie Blair 374,484,970 3,804,606 Friday Oviawe 370,807,371 7,482,205 Peter Ntephe 367,294,999 10,994,577 Preliminary results indicated that shareholders ratified MaloneBailey LLP as the Company's independent accountants for the 2010 fiscal year: FOR AGAINST ABSTAIN...

ERHC Energy Inc. to Hold Annual Shareholders Meeting on April 27, 2010

noemail@erhc.com — Thu, 11 Mar 2010 22:30:00 GMT

HOUSTON, March 11, 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 its Annual Shareholders Meeting will be held at 3:00 p.m. Central Time on April 27, 2010. The meeting will be held at The Renaissance Houston Hotel, 6 Greenway Plaza East in Houston, Texas. The Board of Directors fixed the close of business on March 10, 2010, as the record date for the determination of the stockholders entitled to notice of, and to vote at, the meeting. ERHC has issued its proxy materials (Proxy Statement, Annual Report in the form of the Company’s 10-K filing and voting materials) online at www.erhc.com/secfilings. The Proxy Statement and voting materials will be mailed to shareholders of record as of March 10, 2010. “In recent months we have made significant strides toward achieving major milestones in our business strategy and we look...

ERHC Energy Inc. Announces Block Awards in So Tom & Prncipe Exclusive Economic Zone

noemail@erhc.com — Tue, 16 Feb 2010 13:00:00 GMT

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 Sharing Contracts (PSCs) on the two Blocks in due course. The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers south and east of the Nigeria/São Tomé & Príncipe Joint Development Zone and...

ERHC Energy Videos

Mon, 26 Jul 2010 16:52:44 GMT

ERHC Energy (OTCBB:ERHC) announced in July 2010 plans to raise up to $50 million to enable the Company to compete for opportunities for diversification of ERHC's portfolio of oil and gas assets. We sat down with Vice President - Corporate Development David Bovell to discuss ERHC's plans for acquiring assets. ERHC Energy has oil and gas interests in six of the nine Blocks in the offshore Nigeria São Tome & Príncipe Joint Development Zone (JDZ) and realizing the value of these interests remains the Company's primary focus. A comprehensive drilling campaign encompassing five wells in JDZ Blocks 2, 3 and 4 was completed in January 2010. 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. A comprehensive analysis that...

Frequently Asked Questions

Mon, 26 Jul 2010 15:08:23 GMT

The following responses are intended to answer the questions currently being posed to the company. We will make every attempt to keep this FAQ section as up-to-date as possible, and appreciate your referencing this section of our website frequently for clarification of facts. Naturally, the content here will evolve as developments occur. Q. What are the Company's plans to list on the AIM? 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 and will maintain its listing on the OTC. The listing will have no impact on U.S. shareholders, other than providing the opportunity to buy and sell AIM-listed shares if they choose. Q. What are the remaining obstacles to listing on the AIM? The Company's AIM listing is now contingent upon the completion of two major types of forensic analyses of the...

Directors

Wed, 02 Jun 2010 16:20:42 GMT

Leslie Blair, Director Mr. Leslie Blair has more than 35 years of upstream oil and gas industry experience principally in Asia and West Africa. From 1998 he was with the Addax Petroleum Corporation where he held several senior management positions including Managing Director, Middle East (based in Dubai), General Manager, Taq Taq Operating Company (based in Kurdistan, Iraq), and Executive Director Business Development (based in Nigeria). Mr. Blair played a big part in building Addax Petroleum into the largest independent oil company in Nigeria with production rising from 8,000 bopd to over 120,000 bopd in ten years. He was also instrumental in Addax Petroleum’s acquisition of interests in the Nigeria-Sao Tome and Principe Joint Development Zone as well as other interests in OPL 291 and the Okwok Field in Nigeria. Addax Petroleum was recently acquired by the Sinopec Group and Mr. Blair resigned his position in January 2010. Prior to joining Addax Petroleum, Mr. Blair was...

ERHC Corporate Governance

Thu, 27 May 2010 21:58:02 GMT

ERHC Energy takes its responsibility to its shareholders seriously and promotes strong ethical conduct to ensure that its conducts its business in the best interest of its shareholders and in full compliance with its legal obligations. At ERHC Energy we strongly believe in maintaining absolute integrity and transparency in our disclosures to the public.

Our Code of Ethics is designed to promote honest and ethical conduct, full, fair, accurate, timely and understandable disclosure of financial information in the periodic reports of ERHC Energy, and compliance with applicable laws, rules, and regulations.

In June 2005, the Board of Directors approved and adopted a policy on compliance with the Foreign Corrupt Practices Act and a Compensation Committee Charter.

Concerns regarding ERHC's accounting, internal controls or auditing matters should be addressed through the Company's General Counsel to the Chairman of the Audit Committee.

ERHC Energy Leadership Team

Thu, 27 May 2010 21:57:25 GMT

Peter C. Ntephe, Chief Executive Officer Peter C. Ntephe is the Chief Executive Officer of ERHC Energy. Previously, Mr. Ntephe served as Chief Operating Officer of ERHC Energy and its subsidiaries from April 2008 to May 2010. He served as Corporate Secretary of ERHC Energy from February 2001 to April 2008. As Chief Operating Officer, Mr. Ntephe oversees the general administration and governance of the ERHC Energy and its subsidiaries. He is responsible for ensuring that the group’s strategic objectives are met. Mr. Ntephe has had a career spanning 20 years in corporate law and governance. He has also worked in the public sector, as Chief Legislative Aide to Chairman of the Senate Committee for Judiciary and Legal Matters, National Assembly of Nigeria from 1999-2001. Mr. Ntephe has a Bachelors’ and two Masters Degrees in law, the second being a specialization in regulation issues from the University of London. He also has a Master of Science degree from the University of...

ERHC's Vision and Mission

Thu, 27 May 2010 21:57:13 GMT

Vision Statement

ERHC Energy’s vision is to maximize shareholder value through exploitation of its rights and working interest in exploration acreage offshore central West Africa.

Mission Statement

ERHC Energy’s mission is sustainable and profitable growth through risk-balanced exploration, cost efficient development and high margin production.

Core Values

Conduct business fairly and honestly;
Practice business within both the letter and spirit of the laws which govern our decisions and actions;
Act responsibly toward those who work for us, the communities in which we operate and our business partners;
Be accountable for our actions;
Strive to protect the environment in which we operate for future generations;
Provide clear vision, focus and communication;
Respect diversity and treat all with dignity;
Maintain a commitment to do the best of our individual abilities at all times; and
Create opportunities that support our growth and value proposition.

ERHC SEC Filings

Mon, 10 May 2010 22:57:23 GMT

All filings with the Securities and Exchange Commission can be accessed by clicking here. 2010 Second Quarter 2010 form 10-Q Quarterly Report Proxy Materials for 2010 Annual Shareholders Meeting and 2009 10-K Annual Report First Quarter 2010 form 10-Q Quarterly Report 2009 2009 Form 10-K Annual Report Third Quarter 2009 form 10-Q Quarterly Report Second Quarter 2009 Form 10-Q Quarterly Report First Quarter 2009 Form 10-Q Quarterly Report 2008 2008 Form 10-K Annual Report Third Quarter 2008 Form 10-Q Quarterly Report Second Quarter 2008 Form 10-Q Quarterly Report First Quarter 2008 Form 10-Q Quarterly Report 2007 2007 ERHC Annual Report to Shareholders 2007 Form 10-K Annual Report Third Quarter 2007 Form 10-Q Quarterly Report Second Quarter 2007 Form 10-Q Quarterly Report First Quarter 2007 Form 10-Q Quarterly Report 2006 2006 Form 10-K Annual Report Third Quarter 2006 form 10-Q...

Joint Development Zone

Thu, 29 Apr 2010 23:22:13 GMT

ERHC has interests in six of the nine Blocks in the Joint Development Zone (JDZ), a 34,548 sq km area approximately 200 km off the coastline of Nigeria and São Tomé & Principe that is adjacent to several large petroleum discovery areas. ERHC's rights in the JDZ include: JDZ Block 2: 22.0% JDZ Block 3: 10.0% JDZ Block 4: 19.5% JDZ Block 5: 15.0% JDZ Block 6: 15.0% JDZ Block 9: 20.0% In early 2008, Addax Petroleum, an experienced exploration and production company that has participation agreements with ERHC in JDZ Blocks 2, 3 and 4, and is the operator of JDZ Block 4, publicly disclosed seismic images and maps showcasing the prospectivity of its JDZ interests. Addax has authorized ERHC Energy to feature some of the JDZ-related images to better inform the investor community. In 2009, the independent engineering firm, Netherland, Sewell & Associates, Inc. (NSAI) released a Resources Assessment for ERHC that examined unrisked and risked prospective resources for JDZ...

Facts About ERHC

Tue, 23 Mar 2010 19:52:07 GMT

Plans for Exploratory Drilling ERHC Energy works closely with its technical partners Addax Petroleum and Sinopec Corp. on matters related to exploratory drilling. In 2009, Addax Petroleum and Sinopec commenced a comprehensive exploratory drilling campaign ecompassing five wells stretching across three Blocks of the Joint Development Zone. Analysis of the geologic data gathered during the campaign is continuing and will guide future decisions regarding further exploration in the area. Rights in the Joint Development Zone The JDZ was established during the spring of 2001 to govern the disputed boundary area between Sao Tome and Principe and Nigeria for commercial exploitation. The JDZ is administered by a Joint Development Authority (JDA) which oversees all future exploration and development activities in the JDZ. In June 2005, ERHC accepted awards by the JDA for Blocks 2, 3, 4, 5 and 6. The awards were subject to the execution of a mutually acceptable production sharing contract...

ERHC Energy Milestones

Tue, 23 Mar 2010 19:40:06 GMT

ERHC Energy has come a long way from its roots as an environmental remediation company. In 1996, ERHC narrowed its focus and began operating solely as an independent oil and gas company. Following are some milestones ERHC has achieved as it makes progress toward maximizing corporate value and shareholder returns by leveraging its assets in the Joint Development Zone (JDZ) between Sao Tome & Principe and Nigeria and in the exclusive waters of São Tomé & Príncipe (EEZ) and by pursuing other upstream and downstream oil and gas opportunities wherever attractive projects can be acquired at low cost and transformed into valuable oil and gas assets. In May 1997, ERHC entered into an exclusive joint venture with São Tomé & Príncipe. ERHC sought that agreement because it identified the possibility of significant reserves offshore of Sao Tome & Principe years before anyone else did and was willing to undertake the hard work necessary to realize the value of...

Lorem ipsum survey

noemail@erhc.com — Thu, 07 Sep 2006 14:34:12 GMT

Objectives:

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