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 that sees opportunities before others and relishes the challenge of bringing its vision to life.

To date, ERHC Energy’s primary focus has been the Gulf of Guinea, off the coast of central West Africa. In recent years, this region has emerged as one of the most prolific hydrocarbon regions in the world.

ERHC’s assets include interests in six of the nine Blocks of the deepwater Joint Development Zone (JDZ). The 34,548 square kilometer area about 200 kilometers off the coastline of Nigeria and the Democratic Republic of São Tomé & Principe is adjacent to several large petroleum discovery areas. The operators of two JDZ Blocks in which ERHC has interests have indicated that exploratory drilling will begin as early as the fourth quarter of 2008.

Highly Prospective Blocks

An analysis of a 2D seismic survey of the JDZ by Western-Geco enabled the identification of 56 prospective structures within JDZ Blocks 1 to 9, of which 17 were defined as prospects and 39 as leads. Using reservoir parameters similar to those known from nearby fields in Nigeria and Equatorial Guinea, WesternGeco estimated combined recoverable reserves potential of the 17 prospects to be 14.4 billion barrels of oil.

ERHC Energy has additional interests in the territorial waters of São Tomé and Principe known as the Exclusive Economic Zone (EEZ). This area encompasses about 160,000 square kilometers.

Current Focus

The Company’s current focus is on exploiting its rights in the JDZ. During the past two years, ERHC has formed alliances with Addax Petroleum and Sinopec Corp., both of which are experienced exploration and production companies.
ERHC has signed participation agreements with Addax and Sinopec subsidiaries for the development of JDZ Blocks 2, 3 and 4.

In São Tomé and Principe’s EEZ, ERHC’s rights to participate in exploration and production activities include the right to receive up to two blocks of its choice and the option to acquire up to a 15 percent paid working interest in another two blocks of its choice.

ERHC also is working to diversify its holdings and build upon its assets in the Gulf of Guinea through a carefully executed acquisition strategy aimed at viable revenue producing properties. The Company is also examining stock listing alternatives, including listing a subsidiary on the London Stock Exchange’s AIM.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC here.