HOUSTON, August 9, 2010 – ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced its results for the third quarter ended June 30, 2010.

As of June 30, 2010, ERHC reported cash assets totaling $19,152,423. During the third quarter, ERHC’s general and administrative expenses were $1,435,212.

ERHC Chief Executive Officer Peter Ntephe outlined the Company’s major initiatives:
  • ERHC is continuing discussions with potential operating partners for Blocks 4 and 11 of the Exclusive Economic Zone (EEZ) of the Democratic Republic of São Tomé & Príncipe.
  • ERHC expects to begin negotiating Production Sharing Contracts for EEZ Blocks 4 and 11 with the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) before the end of the year.
  • Progress is being made on analyses needed to complete ERHC’s application to list on AIM of the London Stock Exchange in addition to its current trading on the OTC market. The analyses are examining ERHC’s oil and gas assets and its corporate history, structure, governance and personnel.
  • The operators of Joint Development Zone (JDZ) Blocks 2, 3 and 4 continue to analyze information gathered during the Joint Development Zone drilling campaign and discussions are underway among the interest holders in the Blocks regarding how to proceed.
“We believe that the entry of a major new player in the JDZ validates our enduring enthusiasm for our interests in the deepwater Gulf of Guinea,” said ERHC Chief Executive Officer Peter Ntephe.

ERHC Energy has interests in six of the nine Blocks in the offshore Nigeria-São Tomé & Príncipe Joint Development Zone (JDZ). The Company has additional interests in the Exclusive Economic Zone (EEZ) of the Democratic Republic of São Tomé & Príncipe.

About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

Cautionary Statement
This press release contains statements concerning 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 in the JDZ and the Exclusive Economic Zone of São Tomé and Príncipe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company’s control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.