ERHC Energy Releases RSS Feed

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

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.

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 Inc. Reports First Quarter 2010 Financial Results

noemail@erhc.com — Wed, 10 Feb 2010 14:00:00 GMT

HOUSTON, February 10, 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 first quarter ended December 31, 2009. As of December 31, 2009, ERHC reported cash assets totaling $21,457,893. During the first quarter, ERHC's general and administrative expenses were $809,533. For ERHC, the quarter was a momentous one in which five exploratory wells were drilled in three Blocks in which the Company has interests in the Nigeria-Sao Tome and Principe Joint Development Zone, said ERHC Chief Operating Officer Peter Ntephe. As the lengthy process of analyzing drilling results continues, we are aggressively executing the Company's business strategy. In recent weeks, ERHC disclosed it is pursuing potential acquisitions in the West African oil and gas industry and firming up plans for listing a subsidiary on the AIM Market of the London Stock...

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

noemail@erhc.com — Wed, 20 Jan 2010 14:30:00 GMT

HOUSTON, January 20, 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 it has commenced the process of seeking a listing on the AIM Market of the London Stock Exchange. ERHC has appointed Strand Hanson Limited to act as its Nominated Adviser (Nomad) in connection with its proposed AIM listing. Strand Hanson has been engaged to manage ERHC’s flotation process and, after flotation, to act as Nomad and financial advisor to ERHC on compliance with AIM Rules, general corporate governance and broader corporate strategy relating to equity capital markets and mergers and acquisitions. Consistently ranked as a leading adviser to the FTSE AIM 100, Strand Hanson has acted on a significant number and range of transactions. In the past five years, it has been involved in numerous primary and secondary fund raisings and advised on M&A transactions...

Federal Investigators Return Documents of ERHC Energy Inc.

noemail@erhc.com — Tue, 12 Jan 2010 21:45:00 GMT

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...

ERHC Energy Inc. Announces Conclusion of Initial Exploratory Drilling Campaign

noemail@erhc.com — Thu, 07 Jan 2010 21:00:00 GMT

Five wells drilled in three Joint Development Zone Blocks in four months HOUSTON, January 7, 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 Addax Petroleum, the operator of Nigeria-Sao Tome & Principe Joint Development Zone (JDZ) Block 4, has finished drilling the Oki East well. ERHC Energy has a 19.5 percent interest in the Block. The Oki East well was drilled in 6,800 feet of water and reached a total depth of 12,600 feet below sea level. Subject to acknowledgement by the Joint Development Authority, this fulfils the work obligation of Phase I of the Exploration Period contracted for JDZ Block 4, which ends in March 2010. The Oki East well was the fifth and final well drilled during a comprehensive exploratory drilling campaign that began in August 2009. A comprehensive analysis to evaluate the commercial potential of JDZ Blocks 2, 3...

How to Access Replay of Year-End Conference Call

noemail@erhc.com — Tue, 15 Dec 2009 17:00:00 GMT

An online replay of today's ERHC Year-End Conference Call is now live: Recording URL: 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. Below is the script from the management presentation during today's call: 2009 Year-End Conference Call Management Presentation Script (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...

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

noemail@erhc.com — Mon, 14 Dec 2009 13:00:00 GMT

HOUSTON, December 14, 2009 – 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 fourth quarter and fiscal year ended September 30, 2009. Access the full 10-K report here. “This has been a year of numerous significant accomplishments, including the implementation of a coordinated exploratory drilling strategy across three of the Blocks in the Nigeria-São Tomé & Príncipe Joint Development Zone in which we have interests,” said Chief Operating Officer Peter Ntephe. “We anticipate that the pace of progress will continue to accelerate as the São Tomé & Principe Exclusive Economic Zone moves closer to its first licensing round.” As of September 30, 2009, ERHC reported cash assets totaling $22,428,728. During the 2009 fiscal year, ERHC’s general and administrative expenses were...

ERHC Energy Inc. Schedules Quarterly Conference Call

noemail@erhc.com — Wed, 09 Dec 2009 21:00:00 GMT

HOUSTON, December 9, 2009 – 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, will hold its 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...

ERHC Energy Inc. Announces Next Phase of Exploration Campaign

noemail@erhc.com — Tue, 08 Dec 2009 21:00:00 GMT

ERHC Technical Partner, Addax Petroleum, spuds third well in Joint Development Zone Block 4HOUSTON, December 8, 2009 – 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 Addax Petroleum, the operator of Nigeria-Sao Tome & Principe Joint Development Zone (JDZ) Block 4 (see image at right), has commenced drilling the Oki East well this week. ERHC Energy has a 19.5 percent interest in the Block. Drilling is estimated to take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others. This is the third well in JDZ Block 4 and the fifth well drilled in JDZ Blocks in which ERHC has interests since the start of a comprehensive exploratory drilling campaign in August. Addax Petroleum will continue to use...

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

noemail@erhc.com — Tue, 24 Nov 2009 13:30:00 GMT

Signs Memorandums of Understanding related to interests in Eremor Marginal Field and stake in oil well testing company HOUSTON, November 24, 2009 – 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 negotiations are underway on potential investments that would expand the Company’s presence in Nigeria’s oil and gas industry. ERHC has signed a non-binding Memorandum of Understanding (MOU) with Circle Ltd. and Excel Exploration and Production Ltd. to negotiate investment in and acquisition of working interests in the Eremor Marginal Field (OML 46). The Eremor Field, which is located in shallow water off-shore Nigeria, was discovered in 1978. 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...

ERHC Energy Inc. Technical Partner Spuds Second Well in JDZ Block 4

noemail@erhc.com — Mon, 09 Nov 2009 14:00:00 GMT

HOUSTON, November 9, 2009 – 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 commencement of exploratory drilling at the Malanza 1X well in Joint Development Zone (JDZ) Block 4. It is the next phase in the comprehensive drilling campaign that began in August. Addax Petroleum, ERHC’s technical partner and the operator of JDZ Blocks 3 and 4, is using Transocean’s Deepwater Pathfinder, a fifth generation dynamically positioned deepwater drilling rig, in this campaign. Drilling of the Malanza 1X well is estimated to take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others. The Malanza 1X is the fourth well drilled during the current campaign, which encompasses JDZ Blocks 2, 3 and 4. It is the second well...