ERHC Energy Inc. Presents at the 19th Western Africa Oil, Gas & Energy Conference 2013
WINDHOEK, NAMIBIA, April 24, 2013 - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced President and CEO Peter Ntephe presented at the 19th Western Africa Oil, Gas & Energy Conference 2013, held in Windhoek, Namibia. Mr. Ntephe's presentation, "Central and Western Africa Exploration," described the Company's assets and strategies in Chad, Kenya and the Gulf of Guinea.
Hosted by Global Pacific & Partners and held April 22-24, the meeting was focused on opportunities and business cases for hydrocarbon exploration, discovery and development as well as gas-LNG and energy development. The Conference is attended by governments, national oil companies, licensing agencies and leading corporate players.
With an interior domain across 27 countries, covering one half of the African land mass, and a offshore potential from Morocco to the Cape, the Western Africa oil and gas exploration zone is one of the world’s richest and most promising for ventures and new opportunities in the upstream market.
In a news release issued by Global Pacific & Partners, Chairman & CEO Dr. Duncan Clarke said, "Western Africa offers a rich suite of technical and corporate options: abundant acreage, acquisitions, bid rounds, new exploration frontiers, a consistent record of oil and gas discoveries, rising oil and gas reserves, attractive contract terms, competitive potential in LNG ventures across several countries, and even large undeveloped resources in heavy oil, oil sands, and emerging shale gas and oil ventures. No global player or emerging independent with an international footprint, or even a fast-growing state oil company, can afford to underrate this world-class Western African play.”
ERHC's assets in West Africa include a 100 percent working interest in Blocks 4 and 11 of the São Tomé and Príncipe EEZ free of signature bonuses, as well as interests in six of the nine Blocks in the Nigeria - São Tomé & Principe Joint Development Zone. Additionally, the Company has a Production Sharing Contract with the Government of the Republic of Kenya on Block 11A in northwestern Kenya, in the vicinity of recent significant oil discoveries. The Company also has interests in three oil blocks in Chad – Block BDS 2008, Manga and Chari-Ouest Block 3.
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa 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.
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 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 Kenya, Chad, 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.