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ERHC Energy Inc. (ERHE)

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http://www.erhc.com/ 

 

ERHC's common stock is traded on the OTC Bulletin Board under the symbol "ERHE."

ERHC Energy Inc. is a Houston-based independent oil and gas company focused on exploration of its working interests in the Gulf of Guinea, off the coast of central West Africa. We are proud of our heritage of visionary leadership that was responsible for ERHC being among the first to identify the possibility of significant oil reserves in what was once an undeveloped oil region of the world. We continue to build upon that heritage by continuing to be willing to take chances and having the commitment to do the hard work necessary to realize the value of our assets.

Today, ERHC has interests in Blocks 2, 3, 4, 5, 6, and 9 in the offshore Joint Development Zone (JDZ) of Nigeria and the island nation of Sao Tome and Principe. The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ.


The Company has signed participation agreements with subsidiaries of Addax Petroleum Inc. and Sinopec Corp. The operators of JDZ Blocks 2 (Sinopec), 3 (Anadarko) and 4 (Addax) have secured approval from the Joint Development Authority for drilling locations. Additionally, ERHC continues to pursue other potential oil and gas acquisitions, where feasible.


Who We Are

ERHC Energy is a visionary oil and gas company that sees opportunities before others and relishes the challenge of realizing the value of the hard work of our leadership and staff. 
 
ERHC Energy is currently focused on exploiting its assets -- rights to working interests in oil and gas reserves in the Gulf of Guinea offshore central West Africa. ERHC's rights in the Joint Development Zone include:


JDZ Block 2: 22.0%
JDZ Block 3: 10.0%
JDZ Block 4: 19.5%
JDZ Block 5: 15.0%
JDZ Block 6: 15.0%
JDZ Block 9: 20.0%
  

During the past two years, ERHC has formed strong alliances with Addax Petroleum and Sinopec Corp., both of which are experienced exploration and production companies. In August 2009, Addax and Sinopec began a coordinated exploratory drilling campaign encompassing JDZ Blocks 2, 3 and 4. A total of five wells were being drilled during the intitiative. 

The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). 

The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course.
 
In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date to be determined.
 

ERHC will be responsible for its proportionate share of exploration and exploitation costs in the EEZ blocks.

The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers south and east of the Nigeria/São Tomé & Príncipe Joint Development Zone and surrounding the volcanic islands of Príncipe and São Tomé. Block 4 is situated directly east of the island of Principe. Block 11 is directly east of the island of Sao Tome. 

Ocean water depths around the two islands exceed 5,000 feet, depths that have only become feasible for oil production over the past few years; however, oil and gas are produced in the neighboring countries of Nigeria, Equatorial Guinea, Gabon and Congo. 

The African coast is less than 400 nautical miles offshore, which means the exclusive economic zones of the concerned countries overlap.


ERHC is also working to diversify its holdings and build upon its assets in the Gulf of Guinea through a carefully executed acquisition strategy aimed at viable revenue producing properties.
 

Operations in the Joint Development Zone including estimates of oil resources

 
In early 2008, Addax Petroleum, an experienced exploration and production company that has participation agreements with ERHC in JDZ Blocks 2, 3 and 4, and is the operator of JDZ Block 4 publicly disclosed seismic images and maps showcasing the prospectivity of its JDZ interests. Addax has authorized ERHC Energy to feature some of the JDZ-related images to better inform the investor community. The Addax Petroleum Capital Markets Day presentation was made public on January 29, 2008 and is available for download.
 
 
In 2009, the independent engineering firm, Netherland, Sewell & Associates, Inc. (NSAI) released a Resources Assessment for ERHC that examined unrisked and risked prospective resources for JDZ Blocks 2, 3 and 4. The NSAI report estimated ERHC's unrisked prospective resources in those JDZ Blocks totaled more than 336 million barrels of oil and 372 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Blocks 2, 3 and 4 totaled 135.5 million barrels of oil and 144 billion cubic feet of natural gas (P50). 

Operations in JDZ Block 2

 

ERHC's consortium partner Sinopec Corp. is the operator in JDZ Block 2. In August 2009, Sinopec commenced exploratory drilling of the Bomu-1 well, which was completed in early October 2009. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 2 totaled 77 million barrels of oil and 93.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 2 totaled 38.3 million barrels of oil and 47.9 billion cubic feet of natural gas (P50).

Operations in JDZ Block 3

The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 3 totaled 27.3 million barrels of oil and 32.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 3 totaled 8.7 million barrels of oil and 10.5 billion cubic feet of natural gas (P50). The operator, Addax Petroleum, began drilling the Lemba-1 well in October 2009 and completed drilling in November 2009. 



Operations in JDZ Block 4


ERHC's consortium partner Addax Petroleum is the operator of JDZ Block 4. In August 2009, Addax took possession of the Deepwater Pathfinder deepwater drill ship and started drilling the Kina prospect. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 4 totaled 231.6 million barrels of oil and 245 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 4 totaled 88.4 million barrels of oil and 86.2 billion cubic feet of natural gas (P50). In 2009, Addax Petroleum drilled the Kina, Malanza-1 and Oki East wells.

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2012 (from 10Q)

Weighted average number of shares of common shares outstanding
   
738,933,854
 

Authorized shares: 950,000,000

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ERHC Energy Milestones
 

ERHC Energy has come a long way from its roots as an environmental remediation company. In 1996, ERHC narrowed its focus and began operating solely as an independent oil and gas company. Following are some milestones ERHC has achieved as it makes progress toward maximizing corporate value and shareholder returns by leveraging its assets in the Joint Development Zone  (JDZ) between Sao Tome & Principe and Nigeria and in the exclusive waters of São Tomé & Príncipe (EEZ) and by pursuing other upstream and downstream oil and gas opportunities wherever attractive projects can be acquired at low cost and transformed into valuable oil and gas assets.

In May 1997, ERHC entered into an exclusive joint venture with São Tomé & Príncipe. ERHC sought that agreement because it identified the possibility of significant reserves offshore of Sao Tome & Principe years before anyone else did and was willing to undertake the hard work necessary to realize the value of these assets.

In the spring of 2001, the governments of Sao Tome & Principe and Nigeria reached an agreement over a long-standing maritime border dispute. Under the terms of the agreement, the two established the Joint Development Zone to govern commercial activities within the disputed boundaries.

On May 21, 2001, ERHC was awarded exploration and production rights in the EEZ and the JDZ. 
 
In April 2003, ERHC and Sao Tome & Principe entered into an Option Agreement in which ERHC relinquished certain financial interests in the JDZ in exchange for exploration rights in the same area.
 
In late 2005 and early 2006, ERHC Energy sold participation interests in JDZ Blocks 2, 3 and 4. These sales established relationships with experienced exploration and production companies and stabilized the company's financial position.
  • On November 17, 2005, ERHC agreed to sell a participating interest in Block 4 of the JDZ to Addax Petroleum. This transaction was completed in February 2006.
    On February 16, 2006, the Company sold a participating interest in Block 3 of the JDZ to Addax Petroleum.
    On March 2, 2006, the Company sold participating interests in Block 2 of the JDZ to Sinopec and Addax.

All of the proceeds from these sales were received by the Company during the quarter ending March 31, 2006.

In early 2006, ERHC entered into production sharing contract for JDZ Blocks 2,3 and 4:
  • On March 14, 2006, ERHC entered into a production sharing contract with Addax Petroleum, several oil and gas companies, and the Joint Development Authority (JDA) to conduct petroleum operations in Block 4 of the JDZ.
    On the same day, ERHC entered into a production sharing contract with Addax, several oil and gas companies and the JDA to conduct petroleum operations in Block 3 of the JDZ.
    On March 15, 2006, ERHC entered into a production sharing contract with Sinopec, Addax, several oil and gas companies and the JDA to conduct petroleum operations in Block 2 of the JDZ.
Entering into production sharing contracts represented an important step in ERHC's goal of commercializing the Company's interests in the JDZ and increasing shareholder value. The Companies' interests in the JDZ blocks represent the cornerstone for ERHC's future growth strategy.
 
ERHC works closely with its consortium partners, Addax Petroleum and Sinopec Corporation. In August 2009, Addax Petroleum took possession of the Deepwater Pathfinder deepwater drill ship and commenced exploratory drilling in JDZ Block 4. Also in August 2009, Sinopec took possession of the Sedco-702 semi-submersible rig for drilling in JDZ Block 2.
 
(The source for the ERHC Energy, Inc. information presented above is http://www.erhc.com/ )
 

Growth Strategy

 
  ERHC has accrued a 5.8% stake in Exile Resources Inc.
ERHC Increases Stake in Exile Resources Inc to 7.35 %
http://erhc.com/news/erhc-increases-stake-in-exile-resources/

 
Exile is a public company which trades on the Toronto Stock Exchange's Venture Exchange under the trading symbol ERI. The company holds interests in concessions in Nigeria, Zambia and the Middle East. In Nigeria, Exile holds a 10 percent interest in the Akepo discovery that was made in 1993 by Chevron. Exile has a very informative website, which is www.exileresources.com.


Republic of Kenya

In July 2012, ERHC announced it signed a production sharing contract (PSC) with the Government of the Republic of Kenya on Block 11A in northwestern Kenya. The Block is in the vicinity of Block 10BB in which significant oil discoveries have recently been announced.

Block 11A encompasses 11,950.06 square kilometers or 2.95 million acres (click on map to enlarge). The Block is situated on Kenya's border with South Sudan to the north, Block 11B and Lake Turkana to the east and near Kenya's border with Uganda to the west.













 
 
CHAD 

Republic of Chad Awards ERHC Energy Inc. Three Oil Blocks for Exploration and Development
 
                                                                     ERHC Energy Inc. signs Production Sharing Contract on Three Oil Blocks in Republic of Chad
                                                                                               http://erhc.com/news/erhc-energy-inc-signs-production-sharing-contract-on-three-oil-blocks-in-republic-of-chad/

                                                                                                  
                                                                                             The specific blocks in the award are Block BDS 2008, Manga and Chari-Ouest Block 3.   http://www.erhc.com/en/rel/318/
                                                                                
                                                                                              http://globaldocuments.morningstar.com/documentlibrary/document/30c91c00e99eee57.msdoc/original















http://www.ciome-chad.com/



 
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Sao Tome & Principe's Exclusive Economic Zone (EEZ)

-Link to the June 2009 Sao Tome and Principe AAPG (American Association of Petroleum Geologists) Conference slide presentation in Denver. It shows EEZ Block delineations and much more:  http://www.internationalpavilion.com/ip_2005/Denver09_Talks/Presentation%20Sao%20Tome%20&%20Principe%20AAPGv3%20(2)_files/frame.htm

-The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course. In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date to be determined.

-Summary of the Hydrocarbon Prospectivity of the Sao Tome and Principe EEZ: http://www.anp-stp.gov.st/eng/docs/BGS%20-%20Summary%20public%20report
 
-Link to PGS report on the EEZ. PGS conducted a 2D seismic study on the EEZ: http://www.pgs.com/upload/29425/a3_flier_saotome_eez_lowres.pdf


Possible Resources/Reserves

The following links offer some general estimates of STP/EEZ hydrocarbon potential. It is unknown at this point whether the EEZ is mostly oil bearing or mostly gas bering, but most of the following claim it contains between 4-10 billion barrels (but there has been speculation of even higher numbers).
http://news.bbc.co.uk/1/hi/world/africa/3070813.stm
http://www.globalpolicy.org/security/natres/oil/2003/0718tiny.htm
http://www.gasandoil.com/goc/company/cna93221.htm
http://washingtontimes.com/specialreport/20030928-123431-1449r.htm
http://www.nationalreview.com/lowry/lowry071802.asp

and this  4 Nov 07 British documentary;
http://www.thebusinesschannel.com/?page=shows&cat=0&program=80

Practically all the above material has been gathered from contributors on this ERHE thread and from the EEL BB. And much useful commentary has been omitted which, I am sure, can be re-supplied by the many knowledgeable people, should you have further questions.

 -Another great post on the EEZ can be found here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859

-Possible pre-salt oil deposits in the EEZ: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36565661  http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36570193 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36596746  http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43260765

 

 

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Operators/ partners for Blocks 2,3 and 4
http://www.addaxpetroleum.com/home (Block 4)
 http://www.addaxpetroleum.com/home(Block 3)
http://english.sinopec.com/  (Block 2)

Deepwater rigs
http://www.pacificdrilling.com/ 
http://www.fredolsen-energy.no/?aid=9048927
http://www.seadrill.com/
http://www.deepwater.com/fw/main/default.asp
http://www.saipem.eni.it/index.asp 
http://www.deepwater.com/fw/main/Sedco-702-92C77.html?LayoutID=17
http://www.marinetraffic.com/ais/nl/shipdetails.aspx?MMSI=636014746
 

Deepwater rigs video's and animations
http://www.youtube.com/watch?v=Ii2zOZh41eA
http://www.deepwater.com/fw/main/Discoverer-Clear-Leader-Begins-Operations-410C1.html?LayoutID=6

Presentations
Growth Company Investor Show 2008 in London

http://www.youtube.com/watch?v=sgXCHO-Ot4E part 1
http://www.youtube.com/watch?v=OQm6SwY5ceo part 2
http://www.youtube.com/watch?v=aaam9Tyh4DE Q&A part
ERHC Web TV presentation to RedChip Conference
http://www.modavox.com/events/redchip/0608/room1.html
CEO Peter Ntephe Interview - on RedChip TV
http://www.modavox.com/events/redchip/0608/ceo_interviews.html

DD web sites
Facts about ERHC/ERHE: http://www.erhc.com/en/cms/?60
FAQ about ERHC/ERHE: http://www.erhc.com/en/cms/?56
                                        http://www.anp-stp.gov.st/eng/
                                     http://www.enercominc.com/

Track drillships marinetraffic.com/ais/default.aspx
http://www.erhc.com
http://finance.yahoo.com/q?s=erhe.ob
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235
http://www.otcbb.com/asp/Info_Center.asp
http://www.nigeriasaotomejda.com/
http://www.investorshub.com/boards/read_msg.asp?message_id=5721853
http://www.equatorialoil.com/pages/TechReview.html
http://www.nigeria-oil-gas.com/
http://www.sao-tome.com/englisch/index.htm
http://www.eia.doe.gov/emeu/cabs/nigeria.html

www.ods-petrodata.com/odsp/day_rate_index.php

Industry News
  http://www.rigzone.com/news/
http://www.oil.com/

http://www.platts.com/

Articles
The New Yorker, 10/07/2002, OUR NEW BEST FRIEND, by JON LEE ANDERSON,post #3510
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6512250
 DAILY INDEPENDANT, Tuesday May 24th, 2005, The long wait for JDZ deal POST #3035
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6479732


Area News & Newspapers
http://www.allAfrica.com
http://www.nigeriamasterweb.com/paperfrmes.html
http://www.nigeriamasterweb.com/newsfrmes.html
http://www.independentng.com
http://www.ngrguardiannews.com/
http://www.newswatchngr.com/
http://www.punchng.com
http://www.thisdayonline.com/
http://www.vanguardngr.com/
http://www.jornal.st/index.php
http://www.tekoilandgas.com/technology/glossary-of-terms

AKPO information

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48439213

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48446472

 

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ERHE 8K 4-24-2017
http://archive.fast-edgar.com//20170424/AI22B22CZC228JGU22222Z32GOMFIC22Z292/

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ERHE News: Current Report Filing (8-k) 09/06/2017 05:03:55 PM
ERHE News: Quarterly Report (10-q) 08/14/2017 05:14:32 PM
ERHE News: Current Report Filing (8-k) 07/21/2017 03:00:58 PM
PostSubject
#318452  Sticky Note ERHC Energy Inc. Issues November 2016 Shareholder Update brez63 11/14/16 11:30:03 AM
#307737  Sticky Note Block 11A drilling Environmental and Social Impact Assessment... kingpindg 07/29/15 08:46:55 AM
#325082   Yes everybody does know that those on the midtieroil 12/14/17 12:23:59 PM
#325081   At this point in time its the payroll, emdyal 12/14/17 10:43:49 AM
#325080   I'm not astounded. Those on the payroll midtieroil 12/13/17 05:12:11 PM
#325079   One just needs to look at the share nwtf 12/13/17 02:02:35 PM
#325078   Yeah, here you go. 6 wells drilled by midtieroil 12/13/17 01:07:45 PM
#325077   Hundreds of links to posts espousing the technical emdyal 12/13/17 12:22:36 PM
#325073   Only one problem. ERHC drilled 6 consecutive midtieroil 12/12/17 01:34:46 PM
#325072   Here's the upcoming pathway for ERHC's next exploration oldoil 12/12/17 12:01:20 PM
#325071   how do you know????? oldoil 12/12/17 11:51:24 AM
#325070   Hundreds of links on this site for the midtieroil 12/12/17 11:25:14 AM
#325069   Offshore Newfoundland ! emdyal 12/12/17 10:41:23 AM
#325068   One minute the arguement is that ERHC is midtieroil 12/12/17 10:11:44 AM
#325067   In case you didn't noticed ERHC never drilled Tamtam 12/12/17 06:31:22 AM
#325066   How can you post stuff like this when nwtf 12/12/17 01:02:53 AM
#325065   Where did you here this---word???? Link??????? nwtf 12/12/17 12:58:04 AM
#325062   Actually it is about all the 6 dry midtieroil 12/11/17 02:15:16 PM
#325061   Its about ERHC controlled acreage in oil rich emdyal 12/11/17 12:46:17 PM
#325060   $10 million is a drop in the bucket midtieroil 12/11/17 11:36:54 AM
#325059   I heard PN is lost in the jungle, ferab 12/11/17 09:50:06 AM
#325058   The word is that ERHC is on the emdyal 12/10/17 11:11:35 PM
#325057   I forgot the "leader in the business"'s name, lemmy 12/10/17 03:25:57 PM
#325055   If your talking about Peter Ntephe I can't midtieroil 12/08/17 05:36:19 PM
#325054   How's that "leader in the business" doing lately? lemmy 12/08/17 04:01:45 PM
#325053   SHHH. Don't tell anybody that there is midtieroil 12/08/17 01:09:54 PM
#325052   If all this huge value exists, isn't it ssc 12/08/17 12:45:05 PM
#325051   Sneak - Right ! Its an academic question emdyal 12/08/17 11:01:42 AM
#325050   An understanding of reverse splits and the current ssc 12/04/17 08:51:48 AM
#325049   He means split adjusted. nwtf 12/04/17 02:25:20 AM
#325048   ERHC never traded at $100!! Were do Tamtam 12/04/17 02:07:06 AM
#325047   LOL Cant argue there. nwtf 12/03/17 08:49:11 PM
#325046   Considering erhe stock has gone from $100 to ssc 12/03/17 06:22:41 PM
#325045   Middy I do believe that ERHC investors are emdyal 12/03/17 04:35:43 PM
#325044   Ntephe is PN right - well I think ferab 12/03/17 12:05:51 PM
#325043   I did put a pencil to paper and midtieroil 12/02/17 10:43:09 PM
#325041   Difficult to see that or is that 'fake ferab 12/02/17 08:06:04 PM
#325040   I have an interesting project for you and oldoil 12/02/17 06:48:13 PM
#325039   Guess what - we're back up to our ferab 12/01/17 07:19:28 PM
#325038   https://www.energy-pedia.com/news/kenya/kenya-plans-usd1-billion-dual-listing-of seek the light 11/30/17 09:08:31 AM
#325037   so... after nearly 2 decade of my initial vip1999 11/29/17 04:19:03 AM
#325036  Restored I have seen nobody lining up for any midtieroil 11/27/17 04:17:50 PM
#325035   Yep but pretty for the entities and emdyal 11/27/17 10:30:29 AM
#325034   Actually it is ERHC and their shareholders who midtieroil 11/26/17 04:17:14 PM
#325033   Most of them would be SOL ! emdyal 11/26/17 12:56:33 PM
#325032   So you think the people who are owed midtieroil 11/23/17 07:08:40 PM
#325031   The people who pushed and those that bought nwtf 11/23/17 04:18:19 PM
#325030   Most people would know that buying the company emdyal 11/23/17 11:44:27 AM
#325029   We on the the BOB life's about to chi_me 11/23/17 09:20:10 AM
#325028   Because they're too busy "stealing" the ERHC assets midtieroil 11/22/17 07:29:25 PM
#325027   Then why doesnt somebody buy the company for nwtf 11/22/17 07:19:59 PM
#325026   Have you ever read an IRS lien and midtieroil 11/22/17 07:10:23 PM
PostSubject