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 …
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. We sat down with ERHC Chief Operating Officer Peter Ntephe to discuss the Company's potential interest in this and other marginal fields. About ERHC EnergyERHC Energy Inc. is a …
Replay of Quarterly Conference Call Webcast Click Here Recording ID 27Q94Z Recording Key bhb3H:g Or call 877-890-0968 (domestic) 706-902-1710 (international) Pass Code 77294003 Good morning, and thank you for joining us for the ERHC Fourth Quarter 2008 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 differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these …
On November 5, 2008, ERHC Energy's Vice President of Corporate Development, David Bovell, was interviewed by RedChip TV following his presentation at RedChip’s Elite Investment Conference. Watch the interview with Mr. Bovell by clicking here. The interview, conducted by RedChip Companies Specialist Len Hardison, explored ERHC Energy's unique business model and the Company's portfolio of oil and gas assets in the deepwater Gulf of Guinea off the coast of West Africa. In his RedChip presentation and later in this interview, Mr. Bovell disclosed that ERHC is expecting an independent and updated report on the Company's recoverable reserves potential in the near future. Learn more about ERHC Energy's assets and operations by clicking here. Mr. Bovell also discussed ERHC Energy's growth strategy -- the initiative to leverage the expertise of leadership by acquiring revenue producing assets. …
In an article published in the Wall Street publication, MergerMarket, ERHC CEO Peter Ntephe said the Company is actively looking for acquisitions to push its expansion plans.
The following comments were presented as part of ERHC Energy's Third Quarter 2008 Conference Call on August 12, 2008. Erhc August Conf Call Final View SlideShare presentation (tags: joint jdz guinea of) Slide 1 Title Slide Slide 2 (Dan Keeney) Statements during this conference call may concern ERHC Energy Inc.’s future operating milestones. Such statements are subject to a variety of risks, assumptions and uncertainties. Please refer to our cautionary statements posted on the ERHC Energy Web site at www.erhc.com. Slide 3 (Peter Ntephe) Good morning! I am Peter Ntephe, Chief Operating Officer of ERHC Energy. I appreciate you taking time out of your busy day to learn about ERHC’s progress during the third quarter of fiscal year 2008. With me on the call are: James Ledbetter, ERHC’s vice president in charge of technical matters. David Bovell, ERHC’s …
ERHC Energy Inc.'s chief operating officer Peter Ntephe issued this update on July 30, 2008. In it, he discusses operations in the Joint Development Zone, progress toward drilling, the Company's growth strategy and upcoming efforts to spread ERHC's story throughout the investment community.
ERHC Energy Inc. Chief Operating Officer Peter Ntephe recently sat down for an interview regarding 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 …
ERHC Energy Chief Executive Officer, Peter Ntephe, made the following comments in his presentation on June 5, 2008 to the RedChip Small-Cap Investors Conference in San Francisco. You can view a replay of his presentation by clicking HERE and scrolling down to the ERHC Energy logo. Mr. Ntephe also was interviewed on RedChip TV shortly before his presentation. You can view of replay of that interview by clicking HERE and scrolling down to the ERHC Energy logo. Click on the presentation image to the right to download the slides from the presentation. SLIDE 1 (Title Slide) SLIDE 2 Statements during this meeting may concern ERHC Energy Inc.’s future operating milestones. Such statements are subject to a variety of risks, assumptions and uncertainties. Please refer to our cautionary statements posted on the ERHC Energy Web site at www.erhc.com. SLIDE 3 Thank you for …
