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 prospects being drilled and provides valuable insight into the prospectivity of the entire area.
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.
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.
The Company has additional interests in the Exclusive Economic Zone (EEZ) of Democratic Republic of São Tomé & Príncipe.