During his recent participation in the Nigerian Oil and Gas Conference in Abuja, Nigeria, ERHC Energy Inc. CEO Peter Ntephe spoke with Charles Okonji, Assistant Editor at Nigerian Compass Newspaper. The following article was published online. ‘We are strategically positioned for next bidding round in Nigeria’ Monday, 28 March 2011 00:00 Charles Okonji The President and Chief Executive Officer of ERHC Inc, a publicly traded American company with valuable oil and gas assets in the Gulf of Guinea, Mr. Peter Ntephe, told journalists, during the recent Nigerian Oil and Gas (NOG) Conference in Abuja about local content and commitment of his company to acquisition of more assets in the upstream sub-sector in the Gulf of Guinea, among other issues. CHARLES OKONJI, was there. Last year, you said that your company was looking forward to being quoted at the …
To ERHC Shareholders: I am pleased to update the investment community and other interested parties on ERHC Energy Inc. São Tomé and Príncipe Exclusive Economic Zone (EEZ) ERHC continues to prepare for the commencement of negotiations of Production Sharing Contracts for the Company’s 100 percent working interests of EEZ Blocks 4 and 11. For those not familiar with the EEZ, I recommend visiting the ERHC website for a complete overview. The São Tomé and Príncipe EEZ is a massive area that encompasses approximately 160,000 square km. It is a frontier region that sits south of the Niger Delta, and west of the Gabon salt basin, retaining similarities with each of those prolific hydrocarbon regions. São Tomé and Príncipe are islands in a north-east to south-west trending chain of islands extending offshore from Cameroon into the …
The March 2011 issue of E&P magazine features the story of ERHC Energy Inc.'s history under the headline, "Survival of the Fittest." The story describes how ERHC secured its historic preferential rights in the deepwater Gulf of Guinea, survived the various challenges that arose and discusses the Company's current efforts to diversify its portfolio of assets and embark upon exploration in the Sao Tome & Principe Exclusive Economic Zone. ERHC CEO Peter Ntephe sat down with Senior Editor Rhonda Duey to frankly discuss the obstacles that ERHC has encountered and explain how the Company has been a driving force in advancing oil and gas exploration in the Nigeria - Sao Tome & Principe Joint Development Zone. The article is not yet available online, but we have posted a scan of the article at http://erhc.com/harts/. E&P magazine is the world's …
To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. São Tomé and Príncipe Exclusive Economic Zone (EEZ) I have recently returned to the office after being part of the ERHC management delegation that traveled to São Tomé & Príncipe. The Company participated as a Gold Sponsor in the 14th UNCTAD Africa Oil, Gas and Minerals Conference, which was held between November 21st and 24th on the island of São Tomé. While there, we had numerous meetings with government officials as well as with representatives of oil and gas exploration companies. We also witnessed significant progress toward offshore exploration in the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) announced the names of the companies that submitted bids for …
To ERHC Shareholders: I am pleased to update the ERHC Energy family on the company’s recent progress. Joint Development Zone With ERHC’s assent, support and participation, the operators of Joint Development Zone (JDZ) Blocks 2, 3 and 4 are currently negotiating the terms for entry into Exploration Phase II with the Joint Development Authority (JDA). ERHC has 22 percent interest of JDZ Block 2, 10 percent interest of JDZ Block 3 and 19.5 percent interest of JDZ Block 4. The contracting parties’ commitments on Exploration Phase I of JDZ Blocks 2, 3 and 4 were successfully met with the drilling of five wells in the three blocks between August 2009 and January this year. Natural gas was discovered in at least three wells (you can review more information about each of the Blocks at www.erhc.com/jdz). The …
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 expeditious and cost-effective route to a listing. The subsidiary listing and exchange offer option, which was described at the last Annual General Meeting, would have enabled …
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 …
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 …
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 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; andThe 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 …
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 …