ERHC Energy Inc. Commences Airborne FTG Survey of Kenya Block 11A
November 18 2013 - 7:01AM
ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company
with oil and gas assets in Sub-Saharan Africa, today announced that
its wholly owned subsidiary, ERHC Energy Kenya Ltd., has commenced
an airborne Full Tensor Gravity Gradiometry (FTG) survey of Block
11A in northwestern Kenya. The FTG survey, which aids significantly
in the structural mapping of prospective hydrocarbon basins, will
encompass up to 15,500 line kilometers.
The announcement follows news from ERHC last week that it has
concluded a farm-out agreement for Block 11A with a renowned
integrated oil and gas company, subject to the consent of the
government of the Republic of Kenya.
Block 11A encompasses approximately 11,950 square kilometers or
2.95 million acres, and is located to the north of the Lokichar
Basin where the significant Ekales-1, Ngamia-1 and Twiga South-1
oil discoveries were drilled. The proximity and in-trend
relationship of the Lotikipi plain – the main surface feature of
Block 11A – with those blocks as well as the Abu Gabra Rift basins
of southern Sudan, which are established petroleum provinces,
suggest a high prospectivity for hydrocarbons.
"We are thrilled to be moving forward with this crucial element
of ERHC's oil and gas exploration work program in Kenya," said Dr.
Peter Thuo, general manager of ERHC Energy Kenya Limited. "The
information currently being gathered will enable the exploration
team to focus on the most promising areas for acquisition of 2D
seismic data, which is the next step in the work program for the
Kenya Block."
By flying a dense grid of flight lines, the FTG survey measures
small changes in gravity caused by changes in density of subsurface
rocks, providing valuable information which can be used to more
accurately pinpoint hydrocarbon deposits. When combined with other
existing geologic data, the information from the FTG survey will
advance ERHC's understanding of the geological structure of the
area, which helps us to identify potential leads and prospects.
The FTG survey method has been used successfully in Africa and
contributed to recent oil discoveries in Uganda and Kenya. Bell
Geospace, a world leader in gravity gradiometry, is flying the FTG
on ERHC's behalf.
In addition to Kenya Block 11A, ERHC's oil and gas exploration
interests extend across the African continent, including the
Republic of Chad, the Sao Tomé and Principe Exclusive Economic Zone
(EEZ) and the Nigeria- Sao Tomé and Principe Joint Development Zone
(JDZ).
Those with questions are encouraged to reference the Company's
SEC filings, which are available at http://erhc.com/secfilings/ or
contact Daniel Keeney, ERHC's investor relations representative, at
dan@dpkpr.com.
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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