ERHC Energy Profile Website: www.erhc.com Company Name: ERHC Energy Inc. Ticker: ERHE (OTCBB) Sector: Oil & Gas Industry: Energy Market Cap: $305 million (As of 5/12/08) Share Price: $0.42 (As of 5/12/08) CEO: Peter Ntephe (acting) AT-A-Glance (As of 5/12/08) Fiscal Year: 10/1 thru 9/30 52 Week High – Low: $0.61 - $0.16 Price/Earnings (ttm): NA Price/Book (mrq): 9.301326 Price/Sales (ttm): NA Book Value Per Share (mrq): $0.04515 Operating Margin (ttm): NA Average Volume (3 Mos as of 5/12/08): 668,576 Shares Outstanding: 722 million shares Float: 498.6 million shares Company Description: ERHC Energy Inc. – Deep Opportunity ERHC Energy Inc. is a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea. ERHC’s common stock is traded on America’s Over the Counter Bulletin Board under the symbol “ERHE.” ERHC is a visionary energy investment company …
The following interview was conducted with David Bovell during the week of May 5, 2008. Mr. Bovell, who recently was appointed vice president corporate development with ERHC, discussed issues related to his responsibilities, including expanding the Company’s assets through acquisitions and exploring various stock exchange listing alternatives. Q: What do you see as the primary roles and responsibilities coming into that new position? I see them as three-fold: First is to list a subsidiary of ERHC Energy Inc. on the Alternative Investment Market (AIM) of the London Stock Exchange. The second function for the short- or medium-term is to help to expand the company’s assets. Initiating and managing the search process, reviewing and quantifying the applicable opportunities, then assisting management to come to a conclusion. The third function is to enhance shareholder value and to assist the company in realizing shareholder value …
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 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 …
ERHC's 2007 Annual Report was sent to shareholders in late March 2007. It featured the following letter to shareholders from Acting Chief Executive Officer Nicolae Luca.
ERHC Energy's Interim CEO today provided an update on the recent progress of ERHC Energy Inc. He told investors that the company's team continues to make progress toward exploration of some of our assets in the Gulf of Guinea, off the coast of West Africa. ERHC Energy’s assets in the Gulf of Guinea include interests in the deepwater Joint Development Zone (JDZ) as well as interests in the territorial waters of São Tomé and Príncipe known as the Exclusive Economic Zone (EEZ). To date, attention
ERHC Energy was featured in the March 7, 2008 edition of African Energy. The coverage stems from the Company's involvement in the Nigeria Oil & Gas 2008 conference in February.
ERHC's interim CEO issued this update for investors on Thursday, January 31, 2008. It includes information about progress toward drilling in the Joint Development Zone, a status report on potential acquisition activities and an update on the company's preparation for the Nigeria Oil & Gas 2008 conference.
On Tuesday, January 15, 2008, ERHC Corporate Secretary Peter Ntephe presented information about the Company's fourth quarter and fiscal year financial results and provided an update on ERHC operations.
Hello, Welcome to the ERHC Energy newsletter. Thank you for subscribing to receive this update. In the links below, you will see the latest update from Interim CEO Nicolae Luca with information about progress toward exploration in the Joint Development Zone. You will also see details about the Company's plans for a conference call with the investment community on January 15th and the upcoming annual shareholder's meeting in April. We hope you will be able to participate. ERHC Energy, Inc. is a Houston-based independent oil and gas company focused on exploration of its working interests in the Gulf of Guinea, off the coast of central West Africa. We are proud of our heritage of visionary leadership that was responsible for ERHC being among the first to identify the possibility of significant oil reserves in what was once an undeveloped oil …
We are pleased to report that progress continues toward eventual exploration in several Joint Development Zone Blocks in which ERHC has a stake. Work continues to pinpoint where and how to drill in each of the JDZ Blocks to achieve the greatest likelihood of success. We can also report progress toward resolving the difference of opinion regarding the recovered nine percent share of JDZ Block 4.
