- Chief Executive Officer Issues July Update for ERHC Energy Inc. Shareholders 8-Jul-10
- ERHC Energy Inc. Files Shelf Registration Statement to Raise $50 Million 8-Jul-10
- ERHC Energy Inc. Issues Statement Regarding Inaccurate Claims by Another Company 25-Jun-10
- Chief Executive Officer Updates ERHC Energy Inc. Shareholders 26-May-10
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ERHC Energy Videos
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 Tomé & 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 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.
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 per day of oil with API gravity of 22, a low gas to oil ratio and no water. Excel was awarded a 100% interest and operatorship of Eremor in 2003.
Mr. Ntephe discussed the Company's potential interest in this and other marginal fields.
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 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.
