ERHC Energy Inc. Awards Contract for 2D Seismic Survey in Kenya Block 11A
January 14 2014 - 7:00AM
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 Limited, has awarded
BGP Kenya Limited a contract to conduct a 2D seismic survey of
Block 11A in northwestern Kenya. ERHC intends the seismic survey to
commence in early spring.
BGP, one of the world's leading geophysical service companies,
was chosen from a shortlist of several companies that met the
strict criteria for conducting a 2D seismic survey of at least
1,000 line kilometers in the Block in compliance with the Company's
work program. BGP has completed similar surveys in numerous Blocks
throughout Kenya.
Seismic surveys are used to identify drilling targets. ERHC's 2D
seismic survey in Block 11A will be premised on structural mapping
of prospective basins enabled by ERHC's recently completed FTG
survey of the Block. The FTG survey covered 14,943.8 line
kilometers of the Block.
Block 11A is located to the northwest of the Lokichar Basin
where the significant Ekales-1, Ngamia-1 and Twiga South-1 oil
discoveries were drilled. A farm-out agreement with a renowned
integrated oil and gas company, which includes a carry and other
consideration, is pending final regulatory approval.
In addition to Kenya Block 11A, ERHC's oil and gas exploration
interests extend across the African continent, including the
Republic of Chad, the São Tomé and Príncipe Exclusive Economic Zone
(EEZ) and the Nigeria- São Tomé and Príncipe 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 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.
CONTACT: Dan Keeney, APR
DPK Public Relations
832-467-2904
dan@dpkpr.com
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