To ERHC Shareholders: I am pleased to update the investment community and other interested parties on ERHC Energy Inc. Chad ERHC continues to make significant strides towards commencement of the exploration program on our Chad Blocks. Following evaluation of available data related to our three blocks -- BDS 2008, Chari Ouest III and Manga -- the current indications are that our initial focus will be on the first two. Our excitement about our Chad assets has only grown as the detailed exploration work program submission takes shape. As described during our year-end conference call, the Company is currently working to submit to the Chadians the detail and budget for the Company’s proposed work program for the first year of exploration. The Company’s submission will also include an overview of the rest of work planned for the initial exploration term. The …
(Dan Keeney): Good morning and thank you for joining us for the ERHC 2011 Year-end Conference Call. Statements during this conference call 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 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 …
To ERHC Shareholders: I am pleased to update the investment community and other interested parties on ERHC Energy Inc. Republic of Chad Earlier this summer, ERHC signed a Production Sharing Contract (PSC) with the Government of Chad for three oil and gas Blocks: 100 percent of the BDS 2008 and Manga Blocks and 50 percent, of the Chari-Ouest 3 Block. Both BDS 2008 and Chari-Ouest 3 are situated adjacent to the prolific Doba Basin oil fields which had an average daily production of over 122,500 barrels of crude oil in 2010. The Manga Block is north of the Lake Chad basin. Quite some excitement was generated in the industry when we received, as we described in August, the formal Decree of Approval issued by the President of Chad, His Excellency President Idriss Deby Itno. The timely issuance of the …
On July 1, 2011 Oil & Gas 360 published the report, "ERHC Energy Makes Leap Onshore Africa; Announcement Closely Follows Official Extension of Phase 1 Exploration in the Joint Development Zone." We are posting the report below with permission. ERHC Energy Inc. (OTCBB: ERHE) announced the company was awarded three oil blocks for exploration and development from the Republic of Chad. A production sharing contact (PSC) is expected as early as next week. The specific blocks in the award are Block BDS 2008, Manga and Chari-Ouest Block 3. The West African nation of Chad is one of sub-Saharan Africa's significant crude oil producers. ERHC reported Chad has proven oil reserves of 1.5 billion barrels with studies establishing the prospect of more discoveries. Click here for the news release. OAG360 Comments We view this as …
On Wednesday, July 6, 2011, ERHC CEO Peter Ntephe met virtually with shareholders and others interested in ERHC Energy for a live chat. Below is a transcript of the exchange that took place. The chat followed the announcement that ERHC signed a production sharing contract (PSC) on the three oil blocks formally awarded to the company last week by the Republic of Chad.
