ERHC Energy Inc. Updates Shareholders on Progress
HOUSTON, Aug. 13, 2013 (GLOBE NEWSWIRE) -- ERHC Energy Inc. (OTCBB:ERHE), a
publicly traded American company with oil and gas assets in Sub-Saharan
Africa, today updated shareholders on the Company's progress.
ERHC is pleased to present highlights of the Company's recent progress.
Greater detail is available in the Company's quarterly 10-Q filing, which can
be read at http://erhc.com/secfilings/.
São Tomé and Príncipe Exclusive Economic Zone (EEZ)
oERHC has concluded negotiations with the National Petroleum Agency
(ANP-STP) on the EEZ Block 4 and 11 Production Sharing Contracts (PSCs).
oTranslations, final legal review and certain approvals will precede
Republic of Kenya Block 11A
oNegotiations continue with an international operator interested in farming
into the Block following a Letter of Intent entered into in May 2013.
oERHC awarded a contract to Bell Geospace to acquire an airborne Full
Tensor Gravity Gradiometry (FTG) survey of the Block.
oERHC conducted community outreach with government and local leaders to
precede of the Company's exploration program.
Republic of Chad
oERHC has contracted ASAT (Archeologie et Socio-Antropologie au Tchad), an
environmental consultancy with Chad expertise and experience, to conduct a
comprehensive Environmental Impact Assessment (EIA) in accordance with the
oERHC has applied to the Chadian Ministry of Energy to harmonize ERHC's
acreage with current determinations of prospectivity.
Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ)
oERHC and other contracting parties continue negotiations with the Joint
Development Authority on how to progress with JDZ Blocks 2, 3 and 4.
*ERHC is pursuing ongoing discussions with investment banks and brokers
regarding potential new investments and financing facilities.
If you have questions, please reference the Company's quarterly 10-Q filing,
which is available at http://erhc.com/secfilings/ or contact Daniel Keeney,
ERHC's investor relations representative, at firstname.lastname@example.org.
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.
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
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