ERHC Energy Inc. CEO Presents at the Africa Oil & Gas Summit 2013
October 09 2013 - 4:12PM
Peter Ntephe, President and CEO of ERHC Energy Inc. (OTCBB:ERHE), a
publicly traded American company with oil and gas assets in
Sub-Saharan Africa, today presented, "Exploration: Prospects and
Challenges for a Small Independent," at the Africa Oil & Gas
Summit 2013. Mr. Ntephe was a featured presenter of the Summit's
West Coast Africa Oil & Gas track.
Mr. Ntephe's presentation, which can be viewed and downloaded at
http://erhc.com/presentations/, examined the Company's pure
exploration model, which builds value through asset prospectivity
development.
"As ERHC has experienced firsthand, this model is high risk as
it usually involves exploration in frontier areas, but it can lead
to very high reward as assets grow in value during the exploration
process," said Ntephe.
Mr. Ntephe described ERHC's experiences in the Nigeria – Sao
Tomé and Principe Joint Development Zone (JDZ), which saw the value
of ERHC's exploration Blocks climb in advance of its 2009 drilling
campaign, but drop after exploration found no oil.
"We faced a big decision. We could sell at significantly
diminished value or start again. We chose to do what this Company
does best: identify and secure prospective exploration assets –
this time in Kenya and Chad – and set about building value again
through focused exploration," said Ntephe.
ERHC's oil and gas exploration interests extend across the
African continent, including the Republic of Kenya, the Republic of
Chad, the Sao Tomé and Principe Exclusive Economic Zone (EEZ) and
the JDZ.
He told the gathering that ERHC's previously announced
negotiations with an integrated international oil and gas company
to farm-out part of the Company's interest in Kenya Block 11A in
northwestern Kenya are going well. Preparations also continue for
Bell Geospace to acquire an airborne Full Tensor Gravity
Gradiometry (FTG) survey of Block 11A. In Chad, in accordance with
the PSC, work on a comprehensive Environmental Impact Assessment
(EIA) is underway.
The Africa Oil & Gas Summit 2013 was held at Pavilion Center
in Cape Town, South Africa.
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 stockholders, 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 stockholders'
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 Sao Tomé and Principe, 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.
CONTACT: Dan Keeney, APR
DPK Public Relations
832-467-2904
dan@dpkpr.com
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