ERHC Energy

ERHC Energy Inc. Commences Arbitration in Blocks 5 and 6 of the Nigeria and So Tom and Prncipe Joint Development Zone

noemail@erhc.com — Tue, 25 Nov 2008 21:00:00 GMT

LONDON, November 25, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that it has dispatched notices of arbitration for service on the Joint Development Authority (JDA) and the governments of Nigeria and São Tomé and Príncipe to commence arbitration in London. The arbitration relates to ERHC’s rights in Joint Development Zone (JDZ) Blocks 5 and 6. No Production Sharing Contracts have been signed in either Block since working interests in the Blocks were awarded in 2005 to several companies, including ERHC. ERHC was awarded a 15 percent working interest in JDZ Blocks 5 and 6 in a 2005 bid/licensing round conducted by the JDA, following the exercise by ERHC of preferential rights in the Blocks as guaranteed by contractual and treaty arrangements. ERHC wants the London Court of International Arbitration (LCIA) to clarify that ERHC’s...

ERHC Energy Vice President - Corporate Development to Present Live on Web at RedChip Elite Investment Conference

noemail@erhc.com — Wed, 05 Nov 2008 15:00:00 GMT

NEW YORK CITY, November 5, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that the company's financial presentation at RedChip’s Elite Investment Conference will be streamed live on the Web. Vice President - Corporate Development David Bovell will present at 1:00 p.m. Central Time today. To access Mr. Bovell's presentation, register at http://www.redchip.com/visibility/conferencePages/NewYorkNovember2008/conferenceMain.asp?page=webcast ERHC is one of 15 emerging growth companies featured at the day-long conference. Participation in the RedChip Elite Investment Conference is part of ERHC Energy’s strategy to take its story to investors in the U.S. and international markets. Last month, ERHC presented at the 2008 Global Investment Symposium in Dubai. RedChip investor conferences are a nationally known forum for emerging small-cap companies to...

ERHC Energy Inc. takes legal action to protect its rights

noemail@erhc.com — Mon, 03 Nov 2008 19:30:00 GMT

Suit seeks to stop tampering with ERHC’s rights in Joint Development Zone Blocks 5 and 6 ABUJA, NIGERIA, November 3, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced it has filed suit to stop any tampering with its rights in Joint Development Zone (JDZ) Blocks 5 and 6. The lawsuit comes after the JDA and the Joint Ministerial Council (JMC) of the Nigeria-São Tomé and Príncipe JDZ failed to give a satisfactory response to ERHC’s letters seeking clarification on the Company’s rights in JDZ Blocks 5 and 6. ERHC sent the letters following media reports stating that the JMC had approved of ERHC’s removal from the Blocks. The Company was awarded a 15 percent working interest in each of the Blocks in a 2005 bid/licensing round conducted by the JDA, following the exercise by ERHC of preferential rights in the Blocks as guaranteed by...

Announcing the 2008 RedChip Elite Investment Conference in NYC

noemail@erhc.com — Wed, 29 Oct 2008 20:00:00 GMT

The event at which ERHC Energy will present and exhibit, features an expert panel discussion on naked short-selling, Nov. 5, 2008 at the Harvard Club of New York, 8 a.m. to 5:30 p.m. EST ORLANDO, Fla., Oct. 28, 2008 – RedChip Companies, Inc. today announced that the CEOs and executive teams of emerging small-cap companies, including ERHC Energy (OTCBB: ERHE), will deliver financial presentations during RedChip’s Elite Investment Conference, a one-time only, single-track event to be held Nov. 5, 2008, from 8 a.m. to 5:30 p.m. on the main floor of the Harvard Club in New York City (35 West 44th Street). The event will also feature an expert panel discussion on naked short-selling, counterfeit shares, stock kiting, failures-to-deliver, and trading surveillance. Panelists include David E. Wenger, a 20-plus year securities industry veteran and founder and chief executive officer of Shareholder Intelligence Services LLC; James Wesley Christian, a securities attorney and partner at...

Chief Operating Officer Updates ERHC Energy Inc. Shareholders

noemail@erhc.com — Tue, 28 Oct 2008 21:00:00 GMT

HOUSTON, October 28, 2008 – The following update on Company activities was issued by Peter Ntephe, chief operating officer of ERHC Energy Inc. (OTCBB: ERHE), after the market close on Tuesday, October 28, 2008. To ERHC Shareholders: I am pleased to update the ERHC Energy family once again on the company’s recent progress. We are happy to report that the deepwater drillship Aban Abraham, which has been contracted by our technical partners Addax and Sinopec Corp., has completed sea trials and is expected to set sail in the coming weeks. Addax has indicated that it expects to take possession of the Aban Abraham to commence drilling operations in the Joint Development Zone in the second half of 2009. As of this update, Addax continues to seek a rig of opportunity to begin drilling operations in JDZ Block 4 sooner. Earlier this week ERHC’s Vice President, Corporate Development, David Bovell, presented at the 2008 Global Investment Symposium in Dubai. It was a great opportunity...

ERHC Energy to Present at RedChip Elite Investment Conference on November 5, 2008

noemail@erhc.com — Mon, 20 Oct 2008 13:00:00 GMT

HOUSTON, October 20, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that its senior executives will present at the RedChip Elite Investment Conference at the Harvard Club in New York. ERHC Energy’s presentation is part of a comprehensive relationship with RedChip Companies, Inc. that also includes the initiation of research coverage by RedChip Visibility. RedChip Visibility will issue an initial research report on ERHC as well as quarterly research updates. The RedChip Elite Investment Conference in New York is scheduled Wednesday, November 5, 2008. ERHC Energy’s principal presenter will be Chief Operating Officer Peter Ntephe. David Bovell, Vice President Corporate Development, will also be in attendance to meet personally with attendees. Investors can listen to the live audio feed of the RedChip presentation at www.redchip.com. ERHC will be...

ERHC Energy Inc. Houston Headquarters Reopens

noemail@erhc.com — Wed, 17 Sep 2008 15:00:00 GMT

HOUSTON, September 17, 2008 - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that its Houston headquarters has reopened. Like most Houston-based companies, ERHC's operations were temporarily disrupted due to loss of power and water to its building.

Even though ERHC's operations are back to normal, the community of Houston continues a slow recovery from Hurricane Ike. The entire ERHC family sends its thoughts and prayers to those who have been effected by the storm and we hope for a rapid and safe recovery.

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.

ERHC Houston Headquarters Intact After Hurricane Ike

noemail@erhc.com — Tue, 16 Sep 2008 16:00:00 GMT

HOUSTON, September 16, 2008 - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that its Houston headquarters was unharmed by Hurricane Ike. Nonetheless, the building in Houston's Galleria area remains without power or water and is closed.

Hurricane Ike swept through the Houston area on Saturday, September 13, bringing with it torrential rains and damaging winds. The windows of many Houston office buildings, particularly in downtown Houston, were blown out, causing significant damage and business disruption. ERHC's office were not damaged by the wind or rain.

ERHC's Houston staff is working virtually until power is restored to the Houston headquarters.

ERHC Energy Inc. Seeks Clarification from Joint Ministerial Council of the Nigeria - Sao Tome and Principe Joint Development Zone

noemail@erhc.com — Mon, 08 Sep 2008 20:00:00 GMT

HOUSTON, September 8, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, is seeking the reaffirmation of government officials regarding the Company’s rights in Joint Development Zone (JDZ) Blocks 5 and 6. In May 2005, the Nigeria-São Tomé and Príncipe Joint Development Authority (JDA) confirmed ERHC Energy’s 15 percent interest in the Blocks. ERHC is committed to exploiting its rights and meeting its contractual obligations in the JDZ. The Company wants to eliminate uncertainty stemming from recent press reports in which members of the JMC were quoted. The reports raised questions about the status of ERHC rights in JDZ Blocks 5 and 6. Letters sent by ERHC Energy Chief Operating Officer Peter Ntephe to the Joint Ministerial Council (JMC) of the Nigeria-São Tomé and Príncipe JDZ and to the JDA, which manages the JDZ, assert the...

ERHC Energy Inc. Reports Third Quarter 2008 Financial Results

noemail@erhc.com — Tue, 12 Aug 2008 10:00:00 GMT

HOUSTON, August 12, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today reported financial results for the third quarter ended June 30, 2008. As of June 30, 2008, ERHC reported cash assets totaling approximately $32.4 million, compared to approximately $35.7 million one year ago. During the three months ended June 30, 2008, ERHC’s interest income totaled $225,079. ERHC’s net loss totaled $604,173, compared with a net loss of $587,219 for the three months ended June 30, 2007. General and administrative expenses during the third quarter totaled $820,462, which was a down nearly 24 percent from the third quarter of 2007. The Company has been prudent in its spending and has consistently been able to reduce its quarterly expenses during the past two years, said Chief Operating Officer and Acting Chief Executive Officer Peter Ntephe. ERHC will hold a...

ERHC Energy to Present at 2008 Global Investment Symposium

noemail@erhc.com — Wed, 06 Aug 2008 16:00:00 GMT

HOUSTON, August 6, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that its senior executives will present at the 2008 Global Investment Symposium at the Burj Al Arab Hotel in Dubai. Hosted by Nortia Capital in partnership with Emirates Capital and Floyd Associates in partnership with Nortia Capital, the 2008 Global Investment Symposium will be held October 26-28, 2008. It is expected to provide ERHC an opportunity to present and network with more than 100 international investors, investment bankers and fund managers. This one of a kind event is an opportunity for small-cap companies to meet with top financial institutions from throughout the Gulf region, said Ross DiMaggio, CEO at Nortia Investment Events. ERHC Energy’s principal presenter will be Chief Operating Officer Peter Ntephe, the Company’s acting president and chief executive...

Chief Operating Officer Updates Shareholders of ERHC Energy Inc.

noemail@erhc.com — Wed, 30 Jul 2008 13:00:00 GMT

HOUSTON, July 30, 2008 – The following update on Company activities was issued by Peter Ntephe, chief operating officer of ERHC Energy Inc. (OTCBB: ERHE), prior to the opening of the market on Wednesday, July 30, 2008. To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. We are happy that the London Court of International Arbitration has resolved the distribution of interests on Joint Development Zone (JDZ) Block 4 so that we and our consortium partner can focus entirely on starting drilling in JDZ Block 4 as quickly as possible. The issue related to a nine percent portion of Block 4 that was recovered from another consortium partner that had failed to meet certain obligations. The arbitration process was useful in clarifying the terms of our Participation Agreement with Addax. As a result of the arbitration, ERHC now has a 19.5 percent interest in JDZ Block 4 (up from 17.7 percent). Addax Petroleum will continue to carry the...

ERHC Energy Inc. Announces Third Quarter 2008 Conference Call

noemail@erhc.com — Thu, 24 Jul 2008 20:00:00 GMT

HOUSTON, July 24, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced it will hold a conference call to discuss its Third Quarter 2008 financial results on Tuesday, August 12, 2008, at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). To participate on the conference call, please dial 877-890-0968 (domestic) or 706-902-1710 (international) five to ten minutes before the call begins and reference the pass code 57619351. A simultaneous live Webcast of the call will be available over the Internet and will be accessible by going to www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4 and Entry Code: 8JR#pbw. A replay of the call will be available from Tuesday, August 12, 2008 at 10:00 a.m. Eastern Time through August 19, 2008 by dialing 800-642-1687 (domestic) or 706-645-9291 (international) and providing the following replay...

London Court of International Arbitration Clarifies JDZ Block 4 Interests

noemail@erhc.com — Tue, 15 Jul 2008 20:00:00 GMT

Tribunal awards Addax Petroleum 7.2 percent, ERHC 1.8 percent LONDON, July 15, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced a resolution to its arbitration with Addax Petroleum Corporation (TSX: AXC and LSE: AXC) regarding a nine percent portion of Joint Development Zone (JDZ) Block 4. A three-member tribunal of the London Court of International Arbitration (LCIA) confirmed that under the Participation Agreement between the parties no further consideration is payable by Addax Petroleum to ERHC for Addax Petroleum’s 7.2 percent share of the nine percent. ERHC is entitled to the remaining 1.8 percent out of the nine percent. The nine percent became available for distribution between ERHC and Addax Petroleum after it was recovered from another consortium partner that had failed to meet certain obligations. We are pleased to have the...

ERHC Energy Releases Q&A with Chief Operating Officer Regarding Growth Strategy

noemail@erhc.com — Tue, 17 Jun 2008 20:00:00 GMT

HOUSTON, June 17, 2008 – ERHC Energy Inc. (OTCBB: ERHE), an American company with valuable oil and gas assets in the highly prospective Gulf of Guinea, today released the following interview with Peter Ntephe, chief operating offer with ERHC. The discussion covered issues related to the Company’s growth strategy. Q: Tell us what ERHC does. Peter Ntephe, chief operating officer, ERHC Energy Inc.: ERHC has assets in West Africa. The company is an energy investment company. It trades on the OTC Bulletin Board. Our headquarters are in Houston, Texas. Our basic assets right now are in oil and gas in the Gulf of Guinea off the coast of central West Africa. There are two areas in the Gulf of Guinea in which we have assets: the Nigeria and Sao Tome & Principe Joint Development Zone (JDZ) and the Sao Tome & Principe Exclusive Economic Zone (EEZ). Our current focus is on the JDZ, which is divided into nine Blocks. ERHC has interests in six of the Blocks. In JDZ Blocks 2, 3 and 4, we are...

ERHC Energy to Present at Premier Sub Saharan Africa Oil and Gas Conference in Houston

noemail@erhc.com — Wed, 11 Jun 2008 15:30:00 GMT

In London, Company’s Executives Warmly Received at Growth Company Investors Conference HOUSTON, June 11, 2008 – ERHC Energy Inc. (OTCBB: ERHE) today announced that Vice President Technical, James Ledbetter, will be a featured speaker at the Premier Sub Saharan Africa Oil and Gas Conference at the Intercontinental Hotel in Houston. ERHC is a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa. The announcement comes as ERHC’s management met with investors at the Growth Company Investors Conference in London. Chief Operations Officer Peter Ntephe described the Company’s plans to list a subsidiary on the Alternative Investments Market (AIM) of the London Stock Exchange, its oil and gas interests in the Gulf of Guinea and progress being made toward exploratory drilling. In Houston, Mr. Ledbetter’s keynote address, Challenges for a Small Company in the Deep Water of the Gulf of Guinea, is...

Replays of RedChip Presentation and Interview Available Online

noemail@erhc.com — Sat, 07 Jun 2008 23:00:00 GMT

HOUSTON, June 7, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that a replay of Chief Operating Officer Peter Ntephe's presentation to the RedChip Small-Cap Investors Conference is now available online. To view the replay, click here.

Mr. Ntephe delivered the presentation on Thursday, June 5, 2008 in San Francisco to a full room of private and institutional investors and other interested parties. To download the slides from the presentation and review Mr. Ntephe's written remarks, go to ERHC Energy's presentations page at www.erhc.com/presentations.

Also on June 5th, Mr. Ntephe was featured as a guest on RedChip TV. The 10-minute interview covered a broad range of topics, including ERHC's assets in the Gulf of Guinea, the Company's management team and plans for the future. A view a replay of the interview, click here.

About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil and gas assets in the in the highly prospective Gulf of Guinea. ERHC is committed to creating and delivering significant value for its shareholders, investors, and employees; sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

ERHC Energy Inc. Describes Analysis of Seismic Data at RedChip Conference

noemail@erhc.com — Thu, 05 Jun 2008 20:15:00 GMT

Potential Recoverable Oil Reserves Estimated at 5 Billion Barrels in JDZ Blocks 2, 3 and 4 SAN FRANCISCO, June 5, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, discussed a block-by-block analysis of three Joint Development Zone (JDZ) Blocks in a presentation at the RedChip Small-Cap Investor Conference in San Francisco. WesternGeco’s interpretation of seismic data estimates the combined recoverable reserves potential of JDZ Blocks 2, 3 and 4 could total more than 5 billion barrels of oil (P50), prior to deductions. The report was prepared for ERHC by WesternGeco in 2003 using reservoir parameters similar to those known from nearby fields in Nigeria and Equatorial Guinea. Since then, it has informed the Company’s decision-making and strategy. The report estimated the following: JDZ Block 2, in which ERHC has a 22 percent interest, has...

ERHC Energy Acting CEO to be Interviewed Live on Web

noemail@erhc.com — Thu, 05 Jun 2008 15:00:00 GMT

SAN FRANCISCO, June 5, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that Acting President and Chief Executive Officer Peter Ntephe will be interviewed today on RedChip TV. The interview, scheduled for 10:00 a.m. Pacific Time, will be accessible live via the Internet by clicking on "CEO Interviews" at http://www.modavox.com/events/redchip/0608/ceo_interviews.html.

Mr. Ntephe's interview is part of the Company's participation in the RedChip Small-Cap Investor Conference in San Francisco. His presentation, "Deep Opportunity," is scheduled for 1:20 p.m. Pacific Time and also is accessible via the Internet by clicking on "Presentation Room 1" at http://www.modavox.com/events/redchip/0608/ceo_interviews.html .

About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil and gas assets in the in the highly prospective Gulf of Guinea. ERHC is committed to creating and delivering significant value for its shareholders, investors, and employees; sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

ERHC Energy to Present at Growth Company Investor Show in London

noemail@erhc.com — Mon, 02 Jun 2008 20:00:00 GMT

HOUSTON, June 2, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, has announced plans to present at the Growth Company Investor Show at Barbican Exhibition Centre in London. ERHC’s presentation is scheduled June 11, 2008. ERHC Energy’s Chief Operating Officer and Acting President and Chief Executive Officer, Peter Ntephe, will describe the Company’s assets, its near-term opportunities and its growth strategy. ERHC Energy has announced its intention to list a subsidiary on the Alternative Investment Market of the London Stock Exchange. Our participation in the Growth Company Investor Show in London will help to build visibility and spread the word about ERHC Energy’s ‘deep opportunity,’as we push forward aggressively with an initiative to accelerate growth by duplicating what we have been able to accomplish in the Gulf of Guinea, said Ntephe. ...