ERHC Energy Contracts Bell Geospace for Airborne Gravity Gradiometry (FTG) Survey of Kenya Block 11A
July 10 2013 - 4:01PM
ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company
with oil and gas assets in Sub-Saharan Africa, announced today that
its wholly owned subsidiary, ERHC Energy Kenya Ltd., has contracted
Bell Geospace to acquire an airborne Full Tensor Gravity
Gradiometry (FTG) survey of Block 11A in northwestern Kenya. The
selection of Bell Geospace follows a competitive bidding process.
The FTG survey is an airborne survey that aids significantly in
the structural mapping of prospective hydrocarbon basins. Using a
converted DC-3 aircraft, Bell Geospace will fly a dense grid of
flight lines to measure small changes in gravity caused by changes
in density of subsurface rocks. This survey method has been used
successfully in Africa and contributed to recent oil discoveries in
Uganda and Kenya.
"Bell Geospace has impressed us with their expertise and
experience, and we are excited to be moving forward with this
airborne gravity gradiometry survey, a crucial element of ERHC's
oil and gas exploration work program in Kenya," said Dr. Peter
Thuo, general manager of ERHC Energy Kenya Limited. "When combined
with other existing geologic data, this FTG survey will be used to
further assess the geological structure of the area, which helps us
to identify potential leads and prospects."
Subject to certain contingencies and governmental approvals, the
survey is expected to be flown through this summer according to a
pre-determined timeline. The information gathered will enable ERHC
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. The combined results of the FTG and seismic work will then
determine the nature and location of any drilling in the Block.
Block 11A is in the vicinity of blocks operated by one of the
most prolific oil and gas explorers in Africa. 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.
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).
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 Energy Kenya Limited is a wholly owned subsidiary of ERHC and
oversees ERHC's operational activities regarding Block 11A. 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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