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553550 print wow!
added .25 .23 .24 today
thank you for that clarification
any possibility that since the "Wieland Interveners" are no longer plaintiffs, that they can freely sell their shares. Perhaps a few of them needed some spending $, and sold a few. any comments?
MW, what does "unsuit the Wieland Interveners" mean?
TIA
Harris County courts open Wednesday
From Harris County District Clerk Teresa Chang:
All the buildings in the Harris County Courthouse complex will be open Wednesday as operations of the Harris County District Clerk's Office recover from Hurricane Ike.
The Civil Courthouse, Family Law Center and Juvenile Justice Center opened with limited staff Tuesday morning. Tuesday afternoon, probable cause hearings resumed in the Criminal Justice Center. (Those hearings were held in the Civil Courthouse on Monday and at 49 San Jacinto Tuesday morning and midday.)
There will be no jury service until Monday, Sept. 22.
"I am very proud of our staff's working with our judiciary and the District Attorney to keep the justice system going during Hurricane Ike," District Clerk Theresa Chang said Tuesday afternoon.
"I am especially proud of those who worked in the Criminal Intake and the Probable Cause areas through the worst of the storm. Along with some assistant district attorneys, they were locked in the Criminal Justice Center for most of three days to accept complaints filed by local law enforcement officers and assist in probable cause hearings. These people are the unsung heroes in our government," she said.
Throughout the recovery from Hurricane Ike, e-Filing was be available through TexasOnline. Although filers may not have gotten a receipt from the District Clerk's Office as quickly as normal, the filing time is recorded as the time the filer sent the document to his Electronic Filing Service Provider.
The 24-hour drop box at the northwest corner of the Civil Courthouse, 201 Caroline, remained open as always.
http://blogs.chron.com/closings/
ERHC Energy to Present at 2008 Global Investment Symposium
(Market Wire 08/06 12:31:11)
HOUSTON, TX -- (Marketwire) -- 08/06/08 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly
traded American company with oil and gas assets in the highly prospective
Gulf of Guinea off the coast of central West Africa, today announced that
its senior executives will present at the 2008 Global Investment Symposium
at the Burj Al Arab Hotel in Dubai.
Hosted by Nortia Capital in partnership with Emirates Capital and Floyd
Associates in partnership with Nortia Capital, the 2008 Global Investment
Symposium will be held October 26-28, 2008. It is expected to provide ERHC
an opportunity to present and network with more than 100 international
investors, investment bankers and fund managers.
"This one of a kind event is an opportunity for small-cap companies to meet
with top financial institutions from throughout the Gulf region," said Ross
DiMaggio, CEO at Nortia Investment Events.
ERHC Energy's principal presenter will be Chief Operating Officer Peter
Ntephe, the Company's acting president and chief executive officer. David
Bovell, Vice President Corporate Development, will also be in attendance to
meet personally with investors. ERHC's presentation is scheduled for
Monday, October 27, 2008.
A Webcast of the presentation will be available for investors unable to
attend. Information on accessing the Webcast will be announced later. The
conference brochure can be downloaded at
www.floyd-associates.com/Dubai2.pdf.
"We are delighted to have high profile companies such as ERHC present in
the upcoming Global Investment Symposium in Dubai," said Nima Montazeri,
Managing Director at Floyd Associates. "This event is anticipated to be
well attended by individual and institutional investors from the Gulf
Cooperation Council countries and from around the world."
Participation in the 2008 Global Investment Symposium is part of ERHC
Energy's strategy to take its story to investors in the U.S. and
international markets. Currently, ERHC representatives are participating in
the Nigeria São Tomé & Príncipe Joint Development Authority "Investment
Forum 2008" in São Tomé & Príncipe. Earlier this summer, the Company's
management team presented at the RedChip Small Cap Investors Conference in
San Francisco, the Growth Company Investors Show in London and the Sub
Saharan Africa Oil & Gas Conference in Houston. ERHC also participated at
the Nortia Capital Partners' Equities Conference by the Beach in Atlantic
City.
ERHC Energy has interests in six of the nine Blocks in the Joint
Development Zone between Nigeria and the Democratic Republic of São Tomé &
Príncipe off the coast of central West Africa. The Company has additional
interests in the territorial waters of Democratic Republic of São Tomé &
Príncipe known as the Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; 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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUOG.IW TS.IW
Chief Operating Officer Updates Shareholders of ERHC Energy Inc.
(Market Wire 07/30 09:20:39)
HOUSTON, TX -- (MARKET WIRE) -- 07/30/08 -- The following update on Company activities was
issued by Peter Ntephe, chief operating officer of ERHC Energy Inc. (OTCBB: ERHE), prior to the opening of the market on Wednesday, July 30, 2008.
"To ERHC Shareholders:
"I am pleased to update the ERHC Energy family on the company's recent
progress.
"We are happy that the London Court of International Arbitration has
resolved the distribution of interests on Joint Development Zone (JDZ)
Block 4 so that we and our consortium partner can focus entirely on
starting drilling in JDZ Block 4 as quickly as possible. The issue related
to a nine percent portion of Block 4 that was recovered from another
consortium partner that had failed to meet certain obligations. The
arbitration process was useful in clarifying the terms of our Participation
Agreement with Addax.
"As a result of the arbitration, ERHC now has a 19.5 percent interest in
JDZ Block 4 (up from 17.7 percent). Addax Petroleum will continue to carry
the costs associated with ERHC's total interests in the Block. Throughout
the process, ERHC and Addax Petroleum maintained their close working
relationship.
"Work continues on refurbishing the deepwater drillship Aban Abraham, which
has been contracted by our technical partners Addax and Sinopec Corp. to
commence drilling operations in the JDZ. We have posted a number of
photographs of the ship on our Web site.
"Addax continues its efforts to mitigate delays in the delivery of Aban
Abraham by looking for a rig of opportunity. Addax is still pointing to the
possibility that drilling in JDZ Block 4 will commence in due course. I
continue to caution that there are many contingencies that affect
operations of this nature and guidance for when exploratory drilling may
commence could change. We will look to the operators of each of the Blocks
to make the relevant announcements.
"Also related to the JDZ, we understand that there have been reports on the
status of our interests in Blocks 5 and 6. Our legal entitlement to those
rights is recognized by international treaty and enshrined in comprehensive
legal agreements. We remain committed to exploiting those rights. The
Company is, however, working to understand the recently expressed concerns
of representatives of the Democratic Republic of Sao Tome & Principe.
"Meanwhile, ERHC is moving forward with its growth strategy. We are looking
at the opportunities for listing or acquiring a subsidiary listed on an
appropriate Exchange such as the Alternative Investments Market of the
London Stock Exchange. The move will provide the means, in terms of capital
and structure, for growth of ERHC's asset portfolio.
"We consider this growth strategy essential to diversify and mitigate the
risks associated with being entirely tied to just one set of core assets in
Gulf of Guinea. We have been discussing these initiatives with potential
investors through our presentations at the RedChip Small Cap Investors
Conference in San Francisco, the Growth Company Investors Show in London,
the Sub Saharan Africa Oil & Gas Conference in Houston. We also
participated at the Nortia Capital Partners' Equities Conference by the
Beach in Atlantic City. For those who have not been able to witness any of
the presentations, a replay of the RedChip presentation is available
online.
"The events gave us an opportunity to spread the word about ERHC's past and
present, and its plans for the future. They also enabled us to engage
personally with the investment community, to listen to questions and
concerns, and to describe our vision for ERHC in the years to come. Our
goal is to forge lasting and trusting relationships with investment
bankers, fund managers, institutional investors, research analysts and the
investment community as a whole. The feedback has been very positive and we
are preparing to present at the 2008 Global Investment Symposium in Dubai,
which runs October 26-28, 2008. It will of course take time to spread the
message as far and as wide as we want but we have made it a priority to
continue to tell ERHC's story to the larger investment community.
"Finally, work is well underway on ERHC's third quarter financial report
for the period that ended June 30th. We shall hold an Investor Conference
Call on August 12, 2008 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
To participate, please dial 877-890-0968 (domestic) or 706-902-1710
(international) five to ten minutes before the call begins and reference
the pass code 57619351.
"A simultaneous live Webcast of the call will be available over the
Internet and will be accessible by going to
www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4
and Entry Code: 8JR#pbw.
"A replay of the call will be available from Tuesday, August 12, 2008 at
10:00 a.m. Eastern Time through August 19, 2008 by dialing 800-642-1687
(domestic) or 706-645-9291 (international) and providing the following
replay code: 57619351. In addition, the Webcast will be available for
replay until September 12, 2008 by going to
www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4
and Entry Code: 8JR#pbw.
"ERHC Energy remains focused on enhancing value for the benefit of its
shareholders. We continue to count on your trust and support."
Sincerely,
Peter Ntephe
Chief Operating Officer
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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUEQ.IW EUOG.IW EUPI.IW FS.IW FSCI.IW FSVC.IW
ERHC Energy Inc. Announces Third Quarter 2008 Conference Call
(Market Wire 07/24 15:59:43)
HOUSTON, TX -- (MARKET WIRE) -- 07/24/08 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly
traded American company with oil and gas assets in the highly prospective
Gulf of Guinea off the coast of central West Africa, today announced it
will hold a conference call to discuss its Third Quarter 2008 financial
results on Tuesday, August 12, 2008, at 9:00 a.m. Eastern Time (8:00 a.m.
Central Time).
To participate on the conference call, please dial 877-890-0968 (domestic)
or 706-902-1710 (international) five to ten minutes before the call begins
and reference the pass code 57619351. A simultaneous live Webcast of the
call will be available over the Internet and will be accessible by going to
www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4
and Entry Code: 8JR#pbw.
A replay of the call will be available from Tuesday, August 12, 2008 at
10:00 a.m. Eastern Time through August 19, 2008 by dialing 800-642-1687
(domestic) or 706-645-9291 (international) and providing the following
replay code: 57619351. In addition, the Webcast will be available for
replay until September 12, 2008 by going to
www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4
and Entry Code: 8JR#pbw.
ERHC Energy has interests in six of the nine Blocks in the Joint
Development Zone between Nigeria and the Democratic Republic of São Tomé &
Príncipe off the coast of central West Africa. The Company has additional
interests in the territorial waters of Democratic Republic of São Tomé &
Príncipe known as the Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; sustainable and profitable growth
through risk balanced smart exploration, cost efficient development and
high margin production. For more information, visit www.erhc.com.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUEQ.IW EUOG.IW FS.IW FSCI.IW CC.IW .CC
London Court of International Arbitration Clarifies JDZ Block 4 Interests
(Market Wire 07/15 16:20:54)
Tribunal Awards Addax Petroleum 7.2 Percent, ERHC 1.8 Percent
LONDON -- (MARKET WIRE) -- 07/15/08 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly traded
American company with oil and gas assets in the highly prospective Gulf of
Guinea off the coast of central West Africa, today announced a resolution
to its arbitration with Addax Petroleum Corporation regarding a nine
percent portion of Joint Development Zone (JDZ) Block 4. A three-member
tribunal of the London Court of International Arbitration (LCIA) confirmed
that under the Participation Agreement between the parties no further
consideration is payable by Addax Petroleum to ERHC for Addax Petroleum's
7.2 percent share of the nine percent. ERHC is entitled to the remaining
1.8 percent out of the nine percent.
The nine percent became available for distribution between ERHC and Addax
Petroleum after it was recovered from another consortium partner that had
failed to meet certain obligations.
"We are pleased to have the distribution of the nine percent resolved so
that we and our consortium partner can focus entirely on starting drilling
in JDZ Block 4 as quickly as possible," said ERHC Chief Operating Officer
Peter Ntephe. "Throughout this process, ERHC and Addax Petroleum have
maintained their close working relationship."
The combined share of JDZ Block 4 held by ERHC and Addax Petroleum under
the Participation Agreement is 60 percent. Following the ruling by the LCIA
tribunal, ERHC's share of JDZ Block 4 increased from 17.7 percent to 19.5
percent. Addax Petroleum, the operator of the Block, saw its share of JDZ
Block 4 increase from 38.3 percent to 45.5 percent, which includes a five
percent interest acquired independently by Addax from a third party.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ
between Nigeria and the Democratic Republic of São Tomé & Príncipe. The
Company has additional interests in the territorial waters of Democratic
Republic of São Tomé & Príncipe known as the Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused
on growth through high impact exploration in the highly prospective Gulf of
Guinea and the development of undeveloped and marginal oil and gas fields.
ERHC is committed to creating and delivering significant value for its
shareholders, 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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUOG.IW EUPI.IW
This is a huge 180 turn for the company. been in this for a few years, and the company has finally started to promote itself. Madigan and lawyers must have given green light, so investigations are probably a moot point. am feeling much better on this investment.
gary
Conference is on June 5th, perhaps a slight run-up to the event. It's all good.
ERHC getting proactive promoting the company, it's about time. I like it.
ERHC Energy to Present at Upcoming RedChip Small-Cap Investor Conference
(Market Wire 05/15 11:11:50)
HOUSTON, TX -- (MARKET WIRE) -- 05/15/08 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly
traded American company with valuable oil and gas assets in the highly
prospective Gulf of Guinea off the coast of central West Africa, today
announced that its senior executives will be presenting at the RedChip
Small-Cap Investor Conference at the Palace Hotel in San Francisco, Calif.
ERHC Energy's principal presenter will be Peter Ntephe, Chief Operating
Officer and Acting President and Chief Executive Officer. David Bovell,
Vice President Corporate Development, will also be in attendance to meet
personally with investors. ERHC's presentation is scheduled for Thursday
June 5, 2008.
The two-day conference will be the first opportunity for ERHC Energy Inc.'s
new management team to present the Company to a broad range of investment
professionals as a group and in one-on-one meetings. ERHC intends to make
such presentations quarterly.
"For several months, we have been spreading the word about ERHC Energy's
'deep opportunity,' and we are very pleased to take our message to the wide
audience that this conference provides," said Ntephe. "We are especially
eager to present the results of our work toward exploratory drilling in the
Joint Development Zone and our exciting plans for corporate growth."
RedChip investor conferences are nationally known forums for emerging
small-cap companies to present their stories before hundreds of investment
bankers, fund managers, institutional and accredited investors, and
research analysts. RedChip discovered such well-known companies as Nike,
Starbucks and MarketWatch while they were still relatively unknown to
investors.
Investors are invited to listen to the live audio feed of the presentation
at www.redchip.com.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; 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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUOG.IW FS.IW FSCI.IW FSIS.IW TS.IW
ERHE news released on newswires
ERHC Energy Releases Q&A With Vice President Corporate Development
(Market Wire 05/08 09:45:27)
HOUSTON, TX -- (MARKET WIRE) -- 05/08/08 -- ERHC Energy Inc. (OTCBB: ERHE), an American
company with valuable oil and gas assets in the highly prospective Gulf of
Guinea, today released the following interview with David Bovell, vice
president corporate development with ERHC. The discussion covered issues
related to Mr. Bovell's responsibilities, including expanding the Company's
assets through acquisitions and exploring various stock exchange listing
alternatives.
Q: What do you see as the primary roles and responsibilities coming into
that new position?
I see them as three-fold: First is to list a subsidiary of ERHC Energy Inc.
on the Alternative Investment Market (AIM) of the London Stock Exchange.
The second function for the short- or medium-term is to help to expand the
company's assets. Initiating and managing the search process, reviewing and
quantifying the applicable opportunities, then assisting management to come
to a conclusion. The third function is to enhance shareholder value and to
assist the company in realizing shareholder value through corporate
communications and doing deals that achieve positive financial results.
Q: Explain the rationale for listing a subsidiary on the AIM exchange.
The idea would be to create a brand new company, an ERHC subsidiary, that
would be incorporated in an advantageous tax environment. The company would
initially be 100 percent owned by ERHC Energy Inc. directly or through its
wholly owned Cayman holding company. We would then list that new company
on the AIM. We will be creating a separate asset pool for the company. In
due course, we would seek to raise money on the London Stock Exchange so
that we could invest in assets that were appropriate in that part of the
world.
Q: What impact would that have on ERHC Inc.'s assets in the Gulf of Guinea?
None. ERHC Energy Inc. would have its core, directly-owned assets in West
Africa and elsewhere. It would also have a large percentage of the
U.K.-listed company, which would have substantial assets of its own. There
would be a common management team that would be managing both, which can
create synergies. Accessing the additional pool of capital through the AIM,
we can achieve a higher number than if you had just done everything through
the U.S. company.
Q: What is the benefit of today's shareholders of the scenario you're
describing regarding the U.K.-listed Company?
It gives us access to another capital pool and should enhance value for
today's shareholders. It would enable us to do transactions that we
otherwise would not be able to do because we would be capital constrained
over here.
Q: Do you see ERHC Energy Inc. continuing to be listed on the
Over-the-Counter Bulletin Board?
In the next 12 to 18 months I anticipate ERHC Energy Inc. should be in a
position to move from the OTC. Either the AMEX or NASDAQ would be a better
place to be than the OTC.
Q: You've been associated with the company since early 2007. What have you
done for ERHC as a consultant in that time?
Basically, I have been looking at merger and acquisition opportunities for
the company and advising the Company on its listing options, as far as the
European markets are concerned.
Q: What attracted you to ERHC as an outsider?
As a consultant, the reason I was attracted to ERHC was that the company
had potential. I've since learned a lot about ERHC's opportunities that
has reinforced my initial views. The primary factor was seeing that there
is a real opportunity for the company to grow from an investor's point of
view.
Q: When you say that ERHC had potential, can you expand on that?
ERHC looked like a company that was undervalued but had great potential.
Those are the types of opportunities we looked for.
Q: Some people might say that's still a good description for where ERHC is
today.
That situation is going to change and together with Peter and the existing
management team, we are going to change it. The board has made it clear
that this is what they want and the shareholders seem to be enthused by
that.
Q: Would you say that ERHC's Gulf of Guinea assets serve as the foundation
to build upon?
Exactly. The core value of the company lies in the Gulf of Guinea, which is
going to be the major driver and at the moment it is the foundation of the
company's valuation. In order to realize the value of the Gulf of Guinea
opportunities, there are things we need to do in the interim. That is to
diversify and use the company's expertise to tap into other opportunities
that will deliver in an earlier timeframe.
Q: What business do you think ERHC is in?
We are an energy investment company. ERHC has a technical expertise, but
that expertise won't extend to being an operator. It will extend to being
able to understand an investment opportunity from a technical standpoint
and then to realize value by putting money into the right projects.
Q: What is the area of focus of your attention?
The initial area of focus will be Africa and Europe right up to the borders
of Russia. Does that mean that it will be the sole source of my focus? No.
We will pay attention to North America as well.
Q: Do you continue to see West Africa and the Gulf of Guinea being an area
of emphasis?
Yes. There are some serious opportunities there. With the contacts we have,
we have an ability to get into them expeditiously before anybody else
drives the price up.
Q: What haven't I touched on that you think we should cover?
The only way you can enhance shareholder value sustainably is to go out
there and give the investing public a sense of where the company is and
where it's going and the potential benefits of investing in the company. So
we will spend a fair amount of time on that as well, because enhanced
shareholder value is something the board, management and all the
shareholders would like to see.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; 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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUEQ.IW EUOG.IW EUPI.IW EUUT.IW
That Q&A PR has not been released on the wires. Anyone see it elsewhere besides the ERHC website?
ERHC Energy Inc. Appoints Vice President Corporate Development
(Market Wire 04/30 16:00:11)
David Bovell Will Oversee Planning and Implementation of Corporate Growth Strategies
HOUSTON, TX -- (MARKET WIRE) -- 04/30/08 -- ERHC Energy Inc. (OTCBB: ERHE), a Houston-based
company with valuable oil and gas assets in the Gulf of Guinea, today
announced appointment of David Bovell to the position of Vice President
Corporate Development. Mr. Bovell begins his duties with ERHC Energy
immediately.
Mr. Bovell brings more than 25 years experience in corporate finance to
ERHC Energy. He most recently served as managing director of Green
Corporate Finance Ltd. and as director of Equity Partners for Emerging
Markets. He was previously Finance Director for Antonov plc, where he
initiated the company's listing on the Alternative Investments Market (AIM)
of the London Stock Exchange.
In the newly created position of Vice President Corporate Development, Mr.
Bovell will oversee planning and implementation of strategies for corporate
growth. Responsibilities will include the identification of appropriate
opportunities for corporate mergers and acquisitions by ERHC. Mr. Bovell
will also pursue future corporate finance options, including stock-exchange
listings.
"We are pleased to have David join us and anticipate he will be pivotal in
designing and implementing a focused growth strategy for ERHC Energy," said
Peter Ntephe, acting Chief Executive Officer for ERHC. "We sought a person
who could accelerate our examination of various strategic opportunities to
enhance shareholder value, including expanding the Company's assets through
acquisitions and exploring various stock exchange listing alternatives."
Mr. Bovell's expertise is corporate finance for small and medium cap
companies, with an emphasis in strategy formulation, business planning,
fund raising, stock exchange listings initial public offerings and mergers
and acquisitions.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; 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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUEQ.IW EUOG.IW EUPI.IW
ERHC Energy Inc. to Webcast Annual Shareholders Meeting
(Market Wire 04/21 14:18:15)
HOUSTON, TX -- (MARKET WIRE) -- 04/21/08 -- ERHC Energy Inc. (OTCBB: ERHE), a Houston-based
company with valuable oil and gas assets in the Gulf of Guinea, today
announced it will provide a live Webcast of the company's Annual
Shareholders Meeting on Tuesday, April 22, 2008. The Annual Shareholders
Meeting is being held at The Renaissance Houston Hotel and will begin at
3:00 p.m. Central Time.
All interested parties are invited to listen to the Webcast live via by
clicking http://www.visualwebcaster.com/event.asp?id=47651 or going to a
link provided under "Investor Center" on the company's internet site at
www.erhc.com.
If you are unable to participate during the live Webcast, a replay will be
available at http://www.visualwebcaster.com/event.asp?id=47651.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil
and gas assets in the in the highly prospective Gulf of Guinea. ERHC is
committed to creating and delivering significant value for its
shareholders, investors, and employees; sustainable and profitable growth
through risk balanced smart exploration, cost efficient development and
high margin production. For more information, visit www.erhc.com.
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Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
S.IW ERHE EU.IW EUOG.IW FS.IW FSIO.IW WC.IW .CC
from sfreed, whiteboard holds truth
"Gaps get filled, but the trend will not be denied. The accidental whiteboard photo holds more truth and creativity than most of us realize. But you can't figure it out without a few missing pieces and changes of interpretation. It's all good. "
bayfisherii, we must thank sfreed for the math (from yahoo board in early 2006)
looked over it again, it's total in Bl 2,3,4
EDIT: oil prices were much lower in early 2006 so that $3 projection per billion barrels would be too low
Math question
Look back at Sfreed’s post, when he says for every billion barrels, is he referring to total oil, or to to those owned by ERHC?
"I await with great anticipation the final announcement of deals with the partners in each block. I think we can expect ERHC to come away with fully carried positions of between 18.5-21% in Block 2, 10-12.5% in Block 3 and 16-18.5% in Block 4. If we end up with 45 percentage points of the 300 points awarded across the three blocks it would be enourmous and we couldn't expect any more than that. 50 points would be astronomical and a testiment to the deal making abilities of Offor and Brandhuber. Everyone can do the math from there."
The math is, for every billion barrels: 1bb over the 3 blocks x 1/6th (50 of 300) over 20 years = 8.3mm barrels per year x $35/barrel after recovery costs = $300mm/yr * 50% (taxes and royalties) = $150mm top line to ERHE/year. ERHE has no overhead, so put that almost straight to the bottom line. $150mm EBITDA, or about 20 cents a share. What do producing oil companies trade at, 15 times? That's a $3.00 stock price for each billion barrels. How many billion barrels are there in blocks 2, 3 and 4 combined???
And that is before more exploration/production possibilities in the region, which I know they are after.
The math is almost unbelieveable
OT: what's a Belgian triple?
about 0 degrees and getting warmer thankfully
I'll take a Heineken instead JM
aka gary3699
Interim CEO Updates ERHC Energy Inc. Shareholders
(Market Wire 03/27 12:41:28)
HOUSTON, TX -- (MARKET WIRE) -- 03/27/08 -- The following update on Company activities was
issued by Nicolae Luca, interim chief executive officer of ERHC Energy Inc.
(OTCBB: ERHE), on Thursday, March 27, 2008.
"To ERHC Shareholders:
"I am pleased once again to provide an update on the recent progress of
ERHC Energy Inc.
"Our team continues to make progress toward exploration of some of our
assets in the Gulf of Guinea, off the coast of West Africa. ERHC Energy's
assets in the Gulf of Guinea include interests in the deepwater Joint
Development Zone (JDZ) as well as interests in the territorial waters of
São Tomé and Príncipe known as the Exclusive Economic Zone (EEZ). To date,
attention has been focused on JDZ Blocks 2, 3 and 4.
"JDZ Block 4 is most likely to be the first of our exploratory drilling
locations. ERHC has a 26.7 percent (1) participating interest in JDZ Block
4. Our technical partner, Addax Petroleum, an experienced exploration and
production company with significant interests throughout the JDZ, is the
operator of JDZ Block 4. Addax executives have indicated that drilling
could commence as early as the fourth quarter of this year. The Joint
Development Authority (JDA), which was set up by the governments of Nigeria
and São Tomé and Príncipe to administer the JDZ, has approved the first
drilling location, the Kina Prospect.
"Initial exploration of JDZ Block 2, in which ERHC Energy has a 22 percent
participating interest, is currently expected to commence in 2009. Sinopec
Corp. is the operator of JDZ Block 2. As we have stated previously, Sinopec
and Addax Petroleum jointly contracted the Aban Abraham deepwater
drillship, which continues to undergo refurbishment in Singapore.
Discussions continue regarding the specific drilling location in JDZ Block
2.
"In JDZ Block 3, in which ERHC Energy has a 10 percent participating
interest, the JDA has approved the first well location at what is known as
the Lemba Prospect. Anadarko is the operator of JDZ Block 3 and has not
disclosed a potential timeline for exploration.
"If you have not recently visited the ERHC Web site, I encourage you to
review the latest seismic images that have been disclosed by our technical
partner, Addax Petroleum, at www.erhc.com/jdzprospectivity. The images
showcase what geologists and engineers, using advanced technologies, have
determined lies beneath 5,000 feet of water and sand on the bottom of the
Gulf of Guinea.
"ERHC remains interested in diversifying its asset and investment
portfolio. As reported several months ago, ERHC's board of directors
approved the reformulation of ERHC's business plan and expansion of
strategic focus in August 2007. Greater flexibility was therefore granted
to the Company's leadership, letting us explore opportunities beyond the
Gulf of Guinea. Most recently, after due consideration and technical
appraisal of a proposal to acquire a significant stake in a company
pursuing mining investments in South East Asia, ERHC decided not to pursue
the proposal. Going forward, ERHC will continue to consider opportunities
in mining and minerals in addition to possible acquisitions in oil and gas.
"Plans are taking shape for ERHC Energy's annual shareholders' meeting on
April 22, 2008. The requisite notice of meeting and proxy statement were
filed with the U.S. Securities and Exchange Commission on March 17, 2008.
The documentation has been mailed to all shareholders of record as of that
date. The meeting will be held at the Renaissance Houston Hotel in Houston,
Texas. We hope to see you there.
"ERHC Energy's annual report for 2007 has been completed and is also being
sent to shareholders of record as of March 17, 2008. The annual report
extends the Company's theme, 'Deep Opportunity.' The annual report
continues our telling of the ERHC story and we encourage you to pass it
along to others.
"Speaking of telling the ERHC story, the ERHC Energy staffers were doing a
lot of that at Nigeria Oil & Gas 2008, a major conference and exhibition in
Abuja, Nigeria where ERHC had a significant presence as sponsor and
exhibitor. Some photographs from the event have been posted on our Web site
and if you have not already seen them, please do so. According to
conference organizers, the event attracted nearly 4,400 visitors,
approximately 1,100 conference delegates and more than 100 journalists. It
was an enormous success. Stories featuring ERHC Energy have already
appeared in a number of trade publications.
"And finally, we have received a number of questions from shareholders
regarding the significance of a photograph used in various marketing
materials and posted online in February. As we have consistently stated,
ERHC's management continues to explore options, proposals and prospects
that might advance the interests of the Company and our shareholders. It is
important to note, however, that ERHC Energy has not signed any letters of
intent (LOIs), memoranda of understanding, undertakings or any other form
of legal obligation related to any information or transaction that might
appear to be depicted in the photograph. In the event that the ERHC
leadership signs or enters into any LOIs or agreements related or giving
rise to any material transaction, we will publicly disclose that
information by the requisite means of dissemination.
"On behalf of the entire ERHC Energy family, thank you for your ongoing
trust and support."
Sincerely,
Nicolae Luca
Acting Chief Executive Officer
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 shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the
Company and related proceedings, 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 the JDZ and the
exclusive territorial waters 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.
(1) Subject to a possible transfer of 7.2 percent to Addax Petroleum on
parameters that are currently being determined.
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Contact:
Dan Keeney, APR
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832-467-2904
Email Contact
S.IW ERHE EU.IW EUEQ.IW EUOG.IW FS.IW FSIO.IW FSVC.IW
.31 100k buy
.311 x .32, I feel happy the price is up, but it's still only $.32. I know it's headed much higher in the next couple years. After 5 years, what's another 2 or 3?
I have that article somewhere, will try to post if i find it. Silverstein is the one I must thank for bringing me here. 5 years is a long time to wait.
EOD action
dat_51,
The key question is "how long will it take"?
patience is something that i've learnt while invested in this stock
ERHC needs to put out a pre-feasibility study (on its potential reserves) like the one SOIGF did yesterday. That stock is up more than 50% on large volume.
Strata Oil & Gas Completes Pre-Feasibility Study on Its Cadotte Project, NPV Exceeds $1 Billion
(Market Wire 03/05 15:32:24)
CALGARY, AB -- (MARKET WIRE) -- 03/05/08 -- Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF)
has released its Pre-Feasibility Study on its 100% owned Cadotte Project in
the Peace River Oil Sands area of Alberta, Canada.
Based on forecast prices and costs, this Pre-Feasibility economic analysis
indicates that the development of Strata's Cadotte Project is economically
viable with a net present value (discounted at 10%) of cash flows before
income taxes of USD $1.2 billion.
Bill, please check your pm's. thanks.