Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Following these conversations can be mystifying, being a bystander/shareholder, but your comment regarding the SEC makes a practical explanation:
"Is the SEC going to protect ERHC shareholders or are they going to be outsmarted by the Nigerians ?? "
The 100 to 1 reverse split years ago seemed unnecessarily orchestrated also.
I guess it's a matter of who can hold their breath longer.
You mean here?
https://www.fda.gov/emergency-preparedness-and-response/counterterrorism-and-emerging-threats/coronavirus-disease-2019-covid-19#new
Would be a nice surprise.
For me, I'm hoping 4th time's a charm. All tapped out till next bonus. :(
Cybermich
you should be able to make contributions to both the 2019 roth and the 2020 roth if you haven't already contributed to your 2019 roth
The irs extended the filing deadlines but you might check with your institution to be sure.
Thanks for being here.
For those who remember in about 2006 ERHC got as high as about 93 cents a share ($.93)
Since that time ERHC has done a 100 to 1 reverse split.
If we take today’s price of .0002 and want to do a relative comparison to see how high the stock was in 2006, we need to reverse the reverse split and multiply .0002 x 100 which gives us .02 or two cents.
If the stock were .02, then you could say we had a high at one time of $93.00 back in 2006.
If we reduce those numbers with a 100 to 1 reverse split, we move the decimals on both numbers TWO positions to the left and get:
.0002 (today’s price) and $.93 (all time high in 2006)
erdo
Hi Shelly,
Mac laptop only goes hot when reading posts on Ihub. Takes just a couple minutes of reading posts and the fans start whirling and the computer slows to almost a stop, and gets very hot. I'm presuming ads or maybe something more. If there's anything you can share, I would appreciate your advice.
Thanks,
Erdo, aka Rick
American explorer ERHC has said it encountered significant oil shows and highly-elevated gas readings at the Tarach-1 well located in Block 11A indicating the presence of a working petroleum system with the strong possibility of significant hydrocarbon generation.
According to the latest update from the oil explorer Tarach-1 well encountered two different hydrocarbon charged intervals, the first extending over 100 meters.
Terming the results encouraging President and Chief Executive Officer Peter Ntephe said information from the drilling revealed the possibility for further exploration.
The objective of the well was to establish a working petroleum system and test a three-way structural closure trapping against a North-South trending normal fault.
The new update contradicts sentiments by commissioner for petroleum Martin Heya at the Ministry of Energy and Petroleum in September who although noting that the block operator was yet to furnish the ministry with the technical details of the drilling it had notified the government on the status of the well as dry.
“We are yet to get the technical details from CEPSA although we already have word that Tarach-1 was a dry well,” Heya told OilNews Kenya in September. Another source had earlier termed the preliminary results as disappointing without revealing any further details.
ERHC adds that Tarach-1 exploratory well which commenced drilling in April has been plugged following conclusion of drilling as post-well analysis continues.
Tarach 1 was drilled from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to total depth (TD) of 3,000 meters with the Tarach-1 prospect’s mean estimate of oil prospective unrisked resources earlier estimated at 66 million barrels.
As per records on exploration and drilling expenses filed by ERHC to the United States Securities And Exchange Commission the two partners used over $25 million of which the American explorer sank $4.5 million.
ERHC shareholders will be happy to know that under the previous arrangement CEPSA was to be involved in continued participation only in the case of a hydrocarbons find.
CEPSA has also planned second exploratory well , the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels another of 13 drillable prospects.
The block is operated by CEPSA. State-run National Oil Corporation of Kenya (NOCK) and US-based corporation ERHC share the remaining stake, with 10% and 35% respectively
Where will ERHC be in 2 months? 6 months? a year?
Dr. J
It's a tough pill to swallow AGAIN, but after following the long slide of the share price and reading the posts the last several days, I decided to try to cover my investment ($200k loss so far) by buying more shares. Anyone who bought this past year has to be scratching their head (as we've all seen this pain) as to why buy more? For me, it's another gamble. I got 350,000 shares for about $180.00 dollars. Maybe the $180 will have been thrown away, but at .0005 per share, I can only hope that something turns around. After all, what' s another $180 compared to what has already evaporated. I am doing this as a hedge against what will probably be an ugly outcome for shareholders, hoping to minimize the loss. There are several views on what is transpiring at ERHC. Nothing seems clear nor positive for long term shareholders (2006 for me) Many are tapped out. And as some mentioned, selling now is pointless, so considering the current options are A: doing nothing, B: selling, or C:covering myself a bit for $180, it's going to be C as the best choice that will keep the dream (or nightmare) alive.
erdo
You're welcome.
It always gets the day started when I see ERHC news in my inbox. It's like scratching off lottery tickets. Nothing wrong with a little optimism, even if it seems eternal.
ERHC Energy Inc. Signs Memorandum of Understanding for São Tomé and Príncipe Exclusive Economic Zone
Grants First Right of Refusal to an IOC for Farm-In of EEZ Block 11 for Six Months
HOUSTON, December 16, 2014 – ERHC Energy Inc. (OTCMKTS:ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced the signing of a Memorandum of Understanding (MOU) with an International Operating Company ("IOC") related to Block 11 of the São Tomé and Príncipe Exclusive Economic Zone (EEZ). ERHC currently holds 100 percent interest in the Block.
Under terms of the MOU, ERHC agreed to grant first right of refusal to the IOC for a farm-out of EEZ Block 11 for a period of six months. Under the terms of the MOU, ERHC will keep the identity of the potential partner confidential except and until a definitive farm out is agreed on and entered into.
Until a definitive farm-out agreement is entered into and approved, ERHC continues to operate EEZ Block 11. The work program during the first four-year phase includes re-processing existing data, completing an aeromagnetic survey over the Block and acquiring 2,500 km of 2D seismic data.
EEZ Block 11 totals 8,941 square km, situated directly east of the island of São Tomé and abuts the territorial waters of Gabon. ERHC's preliminary studies on currently available data indicate the possibility of a significant cretaceous play in Block 11 similar to the Jubilee Field offshore Ghana.
In addition to its oil and gas exploration interests in the EEZ, ERHC holds interests in the Republics of Kenya and Chad, and the Nigeria-Sao Tome and Principe 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 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.
Cellceutix: December to Be Momentous Month in Company's History
BEVERLY, MA--(Marketwired - Nov 24, 2014) - Cellceutix Corporation (OTCQB: CTIX) (the "Company"), a clinical stage biopharmaceutical company developing innovative therapies with oncology, dermatology, and antimicrobial applications, is pleased to announce the completion of the ninth cohort in the Company's Phase 1 clinical trial of Kevetrin for advanced solid tumors being conducted at Harvard University's Dana-Farber Cancer Institute and Beth Israel Deaconess Medical Center. The safety committee overseeing the clinical trial will be meeting in the first week of December to review safety data and discuss a possible dose escalation for the tenth cohort.
Cellceutix expects December to be a momentous month in its history. The Company anticipates that the Kevetrin trial is nearing its conclusion with the start of the tenth cohort next month. Cellceutix looks forward to additional data from the trial to add to current information that has been used to form decisions for planned Phase 2/3 trials of Kevetrin. Elsewhere, a meeting has been scheduled in December between Cellceutix and the University of Bologna to discuss the status of commencing the Phase 1/2 trial of Kevetrin in combination with cytarabine in patients with Acute Myelogenous Leukemia (AML). The Company will update shareholders on this European trial as available.
Looking to Brilacidin, the lead drug candidate in the Company's definsin-mimetic platform, Cellceutix has signed an agreement with a division of one of the largest U.S. pharmaceutical companies for testing Brilacidin as a component of certain implanted devices as a means to prevent infection. This potential prophylactic use was not part of Cellceutix's strategic plans for Brilacidin, but given the compilation of clinical and laboratory data, it is a logical application that could potentially add millions of dollars of revenue to the Company. The material transfer does not cover the pharmaceutical use of Brilacidin for treatment of infections or other diseases. A final contract can only be entered into if and when Brilacidin receives Food and Drug Administration (FDA) approval.
The Phase 2 clinical trial of Brilacidin-OM for oral mucositis, an often debilitating effect of certain cancer therapies, is on target to commence in the second week of December. Cellceutix anticipates that www.ClinicalTrials.gov should be updated at the start of the trial.
As disclosed in a November 11 press release, Cellceutix will be meeting with the FDA in December to discuss advancing the clinical development of Brilacidin for Acute Bacterial Skin and Skin Structure Infections (ABSSSI) and Prurisol for treatment of psoriasis.
Cellceutix is also focused on IND-enabling studies and planning the first clinical trial of a defensin-mimetic for ulcerative colitis, a gastrointestinal disorder. Cellceutix management will be meeting with key opinion leaders at the 2014 Advances in Inflammatory Bowel Diseases, Crohn's & Colitis Foundation's Clinical & Research Conference on December 4-6, 2014 in Orlando, Florida.
"From the lab to the clinic, we have an awful lot to look forward to in December. We're excited about enrolling the tenth cohort in the Kevetrin trial, and the possibility of increasing the dose," stated Leo Ehrlich, Chief Executive Officer of Cellceutix. "We think that the material transfer of Brilacidin to a major pharma company for investigation in prevention of infection in implanted devices showcases the vast potential of this remarkable compound in multiple applications. We believe we are on track with Brilacidin to become the first in a new class of antibiotics to be approved in over 20 years."
About Cellceutix:
Headquartered in Beverly, Massachusetts, Cellceutix is a publicly traded company under the symbol "CTIX". Cellceutix is a clinical stage biopharmaceutical company developing innovative therapies in oncology, dermatology and antimicrobial applications. Cellceutix believes it has a world-class portfolio of compounds and is now engaged in advancing its compounds and seeking strategic partnerships. Cellceutix's anti-cancer drug Kevetrin is currently in a Phase 1 clinical trial at Harvard Cancer Centers' Dana Farber Cancer Institute and Beth Israel Deaconess Medical Center. In the laboratory Kevetrin has shown to induce activation of p53, often referred to as the "Guardian Angel Gene" due to its crucial role in controlling cell mutations. Cellceutix will soon begin a Phase 2 clinical trial with its novel compound Brilacidin-OM for the prevention and treatment of Oral Mucositis. Brilacidin-OM, a defensin mimetic compound, has shown in the laboratory to reduce the occurrence of severe ulcerative oral mucositis by more than 94% compared to placebo. Cellceutix's anti-psoriasis drug Prurisol has recently completed a Phase 1 clinical trial and is being readied for a Phase 2 trial. Prurisol is a small molecule that acts through immune modulation and PRINS reduction. Cellceutix's key antibiotic, Brilacidin, has completed a Phase 2b trial for Acute Bacterial Skin and Skin Structure Infections, or ABSSSI. Top-line data has shown a single dose of Brilacidin to deliver statistically comparable clinical outcomes to the FDA-approved seven-day dosing regimen of daptomycin. Brilacidin has the potential to be a single-dose therapy for multi-drug resistant bacteria (Superbugs). Cellceutix has formed research collaborations with world-renowned research institutions in the United States and Europe, including MD Anderson Cancer Center, Beth Israel Deaconess Medical Center, and the University of Bologna. More information is available on the Cellceutix web site at www.cellceutix.com.
Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that could cause Cellceutix's actual results and experience to differ materially from anticipated results and expectations expressed in these forward looking statements. Cellceutix has in some cases identified forward-looking statements by using words such as "anticipates," "believes," "hopes," "estimates," "looks," "expects," "plans," "intends," "goal," "potential," "may," "suggest," and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements are Cellceutix's need for, and the availability of, substantial capital in the future to fund its operations and research and development; including the amount and timing of the sale of shares of common stock to Aspire Capital; the fact that Cellceutix's compounds may not successfully complete pre-clinical or clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in Cellceutix's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. Cellceutix undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.
ERHC Energy Inc. Confirms Leads in Kenya Block 11A with Closures of Up to 20 Kilometers
Seismic interpretation expected to mature leads to drillable prospects
HOUSTON, November 5, 2014 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that ongoing interpretation of 2D seismic data on Kenya Block 11A reveals the presence of several viable leads, some with closures of up to 20 square kilometers. CEPSA as operator, along with their partner ERHC, appointed BGP for the acquisition of 1,086.6 kilometers of 2D seismic data, which was acquired between April and July 2014.
"The possibility of existence of stacked reservoirs, as seen in the Lokichar basin, could be a significant factor in computation of field volumetrics associated with these closures," said Dr. Peter Thuo, General Manager of ERHC Kenya Ltd. "Completion of the ongoing detailed seismic interpretation is expected to mature these leads into drillable prospects."
Leads of similar play types, such as the ones associated with major basin-boundary faults, have been successfully tested in the Lokichar Basin, with reserves of producing more than 600 million barrels of oil in place to date. Other significant proven fields in the region include the Muglad and Melut basins in the South Sudan with 3 billion and 2 billion barrels of oil respectively, and the Albertine Basin in Uganda with 1.7 billion barrels of oil in place.
The full tensor gravity gradiometry (FTG) survey conducted earlier on the Block identified two separate basins, Anam and Tarach, which cover 1,600 square kilometers to the west of Block 11A and 2,500 square kilometers to east, respectively. The basins are estimated to contain up to six to seven kilometers of sediments. Based on the analogy with the Lokichar basin, burial history is sufficient to generate commercial amounts of liquid hydrocarbons.
Bell Geospace acquired over 12,000 square kilometers of FTG data in the Block, on behalf of the contracting parties, during the fourth quarter of 2013. The FTG results enabled the optimization of the 2D seismic program layout, designed to image the subsurface structural features within the two basins.
ERHC holds a 35 percent interest in Block 11A after farming out a 55 percent stake to CEPSA Kenya Limited, a wholly owned affiliate of Compañía Española de Petróleos, S.A.U. (CEPSA). CEPSA is the operator of the Block.
In addition to Kenya Block 11A, ERHC's oil and gas exploration interests extend across the African continent, including the São Tomé and Príncipe Exclusive Economic Zone (EEZ), the Republic of Chad and the Nigeria- São Tomé and Príncipe Joint Development Zone (JDZ).
Airborne Gravity/Magnetic Survey Confirms Viability of Leads in ERHC Energy's BDS 2008 in Chad
ERHC's subcontractor, Bridgeporth Ltd. completes aero gravity/magnetic survey
HOUSTON, October 29, 2014 – ERHC Energy Chad, a subsidiary of ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa today announced that preliminary findings from an airborne gravity/magnetic survey of BDS 2008 in Southern Chad strongly confirm the viability of leads in two focus areas identified by ERHC's technical team after careful analysis of previously collected data. ERHC's sub-contractor, Bridgeporth Ltd., a specialist geosciences company, has completed the survey that began earlier this month.
The aerial survey, flown over 4,720 line kilometers, evaluated the hydrocarbon potential within ERHC's Block BDS 2008 in the area north of Esso's Tega and Maku discoveries in the Doseo basin and a second area situated east of and on trend with OPIC's Benoy-1 margin discovery in the Doba basin. Bridgeporth employed a three-sensor aircraft equipped with a GT-2A airborne gravity system for gravity recording and a G-822 Mobile Cesium Magnetometer for aeromagnetic recording. The aircraft was flown at an altitude of 150 meters.
"Bridgeporth conducted a precise data acquisition, and the first-order leveled raw free-air gravity and magnetic anomaly maps strongly confirm the viability of the leads," said ERHC's Senior Geoscientist Michael Shafie. "The findings are very impressive. While final processing and interpretation is currently going on, our team is already discussing proposals for the requisite follow-on seismic survey."
ERHC is pursuing a rift margin play in BDS 2008 similar to exploration strategies that led to recent major discoveries in East Africa. ERHC's focus areas in the Block are located on a rift margin along the Central African Shear Zone. Regional stratigraphic mapping indicates the presence of alluvial fan deltas and lacustrine deltas in ERHC's areas of interest, which provide both reservoir and seal rocks.
The Company has 100 percent of the interest in BDS 2008. To spread risk, ERHC management continues to discuss the possibilities of a farm-in into Block BDS 2008 with potential partners.
In addition to its oil and gas exploration interests in the Republic of Chad, ERHC holds interests in the Republic of Kenya, the Sao Tome and Principe Exclusive Economic Zone (EEZ) and the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ). Last month, ERHC announced it is proceeding with Exploration Phase 2 in Kenya Block 11A, committing to either acquire 3D seismic or proceed directly to drilling one exploration well during the next two years.
ERHC Energy Inc. Awards Contract for 2D Seismic Survey in Kenya Block 11A
BGP to commence seismic acquisition in spring
HOUSTON, January 14, 2014 – 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
Is it just me or is this 10-k a bit inaccurate, or just sloppy?
-the wife was considerably less understanding
Year Ended September 30, 2013 Compared with Year Ended September 30, 2012
General and administrative expenses increased from $4,309,856 in the year ended September 30, 2012 to $3,808,760 in the year ended September 30, 2013. General and administrative expenses remained relatively consistent due to no major changes in operations of the Company. The Company also incurred exploration expenses during the year ended September 30, 2013 amounting to $1,222,399 mainly for its concessions in Chad and Kenya.
via Google translator:
Agency ( Ecofin ) - ERHC Energy Chad Ltd , a subsidiary of petro- gas ERHC Energy Inc., subject to the Chadian authorities its assessment of the environmental impact of BDS block 2008 should pave the way for him to its exploration operations.
The company, listed on OTCQB , is eager to move to the aero- magnetic survey on block 41800 km2 in southern Chad . It owns 100% of the block and wants to combine the survey data of those 2 D seismic to better assess the potential there .
"With an exploration block as large as BDS 2008 , it is vital that we recourions this expensive mapping method that has been proven ," said Gertjan van Mechelen , head of exploration at ERHC , hoping that the survey " identify the most promising " block areas.
Two target areas have already been identified and would conceal 250 mmboe . One is north of discoveries and Tega Maku Esso Basin Doseo and the other east of OPIC Benoy -1 well in the Doba basin .
ERHC Energy Inc. Releases Shareholder Update, Seeks Government Consent for Farm-Out Agreement for Kenya Block 11A
HOUSTON, November 13, 2013 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued an update on the Company's progress.
ERHC Shareholders:
ERHC is pleased to present highlights of the Company's recent progress.
Republic of Kenya Block 11A
• ERHC has concluded a farm-out agreement with a renowned integrated oil and gas company.
• The farm-out agreement is subject to the consent of the government of the Republic of Kenya.
• Under terms of the agreement, ERHC would transfer of a portion of its interest in Kenya Block 11A as well as operatorship.
• The proposed farm-out agreement includes a carry and other considerations.
• As required under the farm-out agreement, until government consent is granted, details regarding the partner and terms will remain confidential.
• Pending government consent to the farm-out agreement, ERHC continues to operate Block 11A.
• Work is ready to commence on the airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A following the subcontractor's completion of work on a neighboring block.
"This is an excellent time for the entry of a technically and financially capable operating partner," said ERHC President and CEO Peter Ntephe. "We have negotiated a mutually beneficial agreement that advances ongoing exploration in Block 11A and enhances shareholder value."
Republic of Chad Block BDS 2008
• A comprehensive Environmental Impact Assessment (EIA) of ERHC's approved work program on Block BDS 2008 is nearing completion.
• The EIA is being conducted by ERHC's subcontractor ASAT (Archeologie et Socio-Antropologie au Tchad) and is the necessary first step in exploration.
• ERHC is currently accepting bids for an airborne FTG of its BDS-2008 block which is the next step in the approved work program.
• BDS 2008 overlies the Doseo Basin, which hosts much of Chad's current oil production.
"We are pleased to be making progress with our exploration work program in Chad," said Mr. Ntephe. "These are all necessary steps toward eventual drilling."
São Tomé and Príncipe Exclusive Economic Zone (EEZ) Blocks 4 and 11
• Both ERHC and the National Petroleum Agency of São Tomé and Príncipe (ANP-STP) are conducting legal reviews of the draft Production Sharing Contracts (PSCs) for EEZ Blocks 4 and 11, the significant terms of which have been finalized by the parties.
• ERHC's and the ANP-STP's efforts to generate interest in the EEZ as a whole have increased interest in ERHC's EEZ Blocks among International Operating Companies (IOCs).
• ERHC is in discussions with several IOCs about possible partnerships following the signing of the PSCs in Blocks 4 and 11.
"We are very happy that after many years of work, there is now palpable momentum building toward exploration of the Zone – both in our Blocks and in neighboring Blocks," said Mr. Ntephe.
Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ) Blocks 2, 3 and 4
• The Joint Development Authority (JDA), ERHC and other contracting parties are continuing to review possible next steps.
• One of the possibilities that the parties are collectively examining is to bring in exploration companies to spread risk and to reinterpret existing data with a fresh perspective and possibly a fresh exploration strategy.
"Despite the unexpected outcomes of the initial drilling campaign, we remain enthusiastic about the JDZ and believe that taking a new mindset to the exploration effort would be a very positive development for all involved," said Mr. Ntephe.
If you have questions, please 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.
Hello Badog
Here's an old article with a few comments about the "expected quantities".
Drilling in Sao Tome and Principe’s offshore area finds oil and gas
DECEMBER 15TH, 2009 NEWS
Lisbon, Portugal, 15 Dec – The first phase of drilling in the Sao Tome and Principe-Nigeria Joint Development Zone (JDZ) has resulted in oil being found in the “expected” quantities and “a lot of gas” in one of the blocks, according to the Sao Tome National Oil Agency.
Luís Prazeres, the agency’s director, told Lusa that the results had been presented to the oil ministers of the two neighbouring countries by the JDZ and by the oil companies responsible, during the last meeting of the Joint Ministerial Council.
“Gas was found, particularly in Block 2, and there is also oil. (…) The discovery offers good prospects,” Prazeres said.
Field work in the JDZ, which was re-launched in the Summer, had been on hold since US company Chevron had drilled a single test well in 2006, in block 1.
The results are currently being interpreted and official information will be provided at the end of January, with a new phase of drilling scheduled for May, 2010, he said.
In the last few months a test well was drilled in block 2 (operated by China’s Sinopec), and one in block 3 and block 4 (operated by Addax).
“In block 2 some oil and a lot of gas was found. And there are hydrocarbons in the other blocks. Now the companies are analysing the data in a laboratory and may drill more test wells to confirm,” Prazeres said.
“They said it was an expected quantity [of oil in blocks 3 and 4]. Now they are carrying out more analyses to establish quantity. They did not mention if it was a lot or only a little. The companies are very conservative at this stage of the surveying and hold back information,” he said.
In 2006 traces of hydrocarbons were found in block 1, but had no guarantee of commercial viability. (macauhub)
FOR IMMEDIATE RELEASE
ERHC Energy Contracts Bell Geospace for Airborne Gravity Gradiometry (FTG) Survey of Kenya Block 11A
The survey is a significant component of geoscience studies that will guide drilling decisions
NAIROBI, KENYA, July 10, 2013 – 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
-as a hypothetical
How much (more) time (or delay in rights offering) would it have taken for erhc to get a deal signed to proceed with Kenya and Chad plans? Didn't they say they has a couple interested parties? Everyone agrees the offering lasted forever.
Does Offer actually imply he has ERHC's back by his statement that he supports the rights offering? -and Sylvan says there'll be other vehicles to gather funds as necessary. -and DK says the delay is due to administrative issues and that the necessary funds will be raised.
meanwhile
Leslie resigns because of possible conflict of interest right in the middle of an offering.
I can only hope they dragged this whole thing out in order to get something on paper to let them proceed with their proposed plans. If they did get something worthwhile or anything at this point, then the officers could declare their right participation (which they did), announce the offering results (which they did), and hopefully (soon) lay the cards on the table.
Hopeful but it beats reality at this point.
Yesterday Dan offered to me an umbrella explanation for the hold up thus far:
" ---there are administrative issues that have not been completely resolved yet. Until these administrative issues resolved, the CST and the Company won't have an accurate accounting of how much was raised through the rights offering."
I guess we can dissect the above explanation. Or maybe we will just have to wait it out.
erdo
Hello ,
I've been lurking the last few months after picking up recommendations on CTIX. (Thank You Peter) Lots of long pages of good and hopeful information.
Reason for the post is to get advice for a customer who came into my hardware store yesterday. He got us on the subject of cancer and we elaborated a bit about his chemo treatments and how the doctors expect him to have only a few months to live. (He said 3) I shared some of the story about Kevitrin and I forwarded a couple links to his cancer therapist who has e-mail. Bill doesn't. (one of the company website and one of this chat site) Of course his interest is survival and because there might be a clinical trial somewhere in the Southeast in the near future (from what I gathered on this chat site), I told him he might try to get a hold of someone who could enlist him as a possible candidate for trials. I suggested to his cancer therapist that they maybe call Anna Faber or Celleutix directly for guidance. I believe he said he had lung cancer and that it had spread. Bill is probably in his 60's and seemed to get around pretty good. Was very hopeful on what I shared. I'll forward any advise to his therapist. We're in Florida.
erdo
ERHC Energy Inc. Pushing to Complete PSC Negotiations for EEZ Blocks
CEO Peter Ntephe says Company is confident it can finalize the few remaining clauses quickly
HOUSTON, February 11, 2013 – In a wide ranging interview, ERHC Energy Inc. (OTCBB: ERHE) President and CEO Peter Ntephe confirmed the Company's intention to complete negotiations quickly on a Production Sharing Contract covering its oil and gas blocks in the São Tomé and Príncipe Exclusive Economic Zone (EEZ). ERHC, a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has 100 percent working interest in EEZ Blocks 4 and 11 free of signature bonuses.
Acknowledging that that the remaining clauses are being finalized between ERHC and São Tomé and Príncipe National Petroleum Agency (STP-ANP), Mr. Ntephe said the two sides are 'working hard' to finish the PSC.
"We are confident that we can soon have a final document that works for both sides," said Mr. Ntephe in an interview at Winter NAPE 2013, the world's largest E&P (upstream) expo, which attracted approximately 20,000 attendees and exhibitors to highlight producing properties and prospects from around the world, capital formation and services and technologies. The interview is posted online at http://erhc.com/articles/nape-interview/.
Seismic data for EEZ Blocks 4 and 11 contain highly prospective structures and they are situated close to the proven hydrocarbon systems in the adjacent territorial waters of Gabon, Equatorial Guinea, Nigeria and Cameroon.
"As we continue the discussions with potential partners for the EEZ, we are forging ahead with the PSC," Mr. Ntephe said. "We will not delay the PSC negotiations. ERHC has no signature bonus to pay on its blocks so if we did sign the PSC before getting a big partner, we could start the preliminary geophysical and geological work ourselves."
ERHC's analysis to date suggests its EEZ Blocks have all the necessary components of a successful petroleum system. EEZ Block 4, which totals 5,808 square km, is situated directly east of the island of Príncipe. The northeastern area near EEZ Block 4 contains a large graben structure, which is bound by the Kribi Fracture Zone. EEZ Block 11, which totals 8,941 square km, is situated directly east of the island of São Tomé and abuts the territorial waters of Gabon. The Southern area, where EEZ Block 11 is situated, contains parts of the Ascension and Fang Fracture Zones.
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.
Tweet this: http://erhcenergyinc.cmail2.com/t/j-tw-jykyiyl-tktijjdt-r/
Like this: http://erhcenergyinc.cmail2.com/t/j-fb-jykyiyl-tktijjdt-y/
Forward this: http://erhcenergyinc.forwardtomyfriend.com/j-tktijjdt-D0BF2D0E-jykyiyl-l-j
How very sad.
He was one poster that I will always remember- and miss.
Thanks for sharing amj23.
erdo
petemantx
We do have the conference call, in case you missed the announcement on the 5th and scheduled for the 12th. (on the website)
ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in West Africa, today announced plans for its third quarter investor conference call. All parties interested in ERHC Energy are encouraged to participate in the call Friday, August 12, 2011 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
erdo
Clarification Please
Is ERHC the same as "ERHC Energy Company Nigeria limited?" I see they have the same CEO, and do they trade on different exchanges?
"The Imo State government has said it plans to enter in to an agreement with ERHC Energy Company Nigeria limited, an American based oil and gas company to develop the natural gas and petroleum deposits in the state" . . .
erdo
Nigerian investors set for investment summit in Sao Tome and Principe
Press Release-- Government agencies, policy makers and private sector participants will converge in Sao Tome e Principe to address a delegation of prospective Nigerian investors at The Investour Sao Tome e Principe Seminar 2011 scheduled to take place in Sao Tome, Sao Tome e Principe from September 1-6 this year.
The islands of São Tomé and Príncipe lie in the Gulf of Guinea, some 500km south of Nigeria. The country is blessed with substantial reserves of hydrocarbons, fertile vegetation and lush sandy beaches making it both a haven for investment and an exotic travel destination. Other neighbouring countries to Sao Tome e Principe include Cameroun, Equatorial Guinea, Gabon and Angola.
The Investour Sao Tome e Principe Seminar is a 6 day event which includes a pre-conference day, a conference day, an exhibition/site visit day, two tourism days and a meetings/appointments day.
The Investour Seminar series combines all the elements of a conference, exhibitions and meetings event with a 5 star holiday package where delegates will enjoy the chance to gain insight on the investment opportunities while also exploring the touristic offerings of Sao Tome e Principe. The theme of the seminar is Go.Discover.Network.
The event which is jointly organized by National Petroleum Agency of Sao Tome e Principe (ANP-STP), Sao Tome e Principe Chamber of Commerce, Industry, Agriculture and Services (CCIAS) and Emerald Concierge - a Nigerian based travel management company is set to focus on partnership opportunities in various sectors of Sao Tome e Principe’s economy including Agriculture, Oil and Gas, Tourism, Telecommunications, Real Estate, Transport & Logistics, Fisheries and more.
The country’s Minister of Public Works and Natural Resources, Engr. Carlos Vilanova, the Executive Director of National Petroleum Agency, Mr. Luis dos Prazeres, and the Director of the Regulatory and Licensing Agency for Water, Power and Telecommunications, Engr. Deolindo Costa are just some of the dignitaries expected to speak at the event.
Cosme Rita, Secretary General of Sao Tome e Principe’s Chamber of Commerce believes the investour seminar will be a great vehicle to showcase the potential of his country.
"These are exciting times for Sao Tome e Principe. We have recently completed our first oil licensing round in our Exclusive Economic Zone (EEZ) and towards the end of the year, we shall invite tenders for a new GSM operator as we are presently installing submarine telecommunications cables," he said.
“Construction plans are also underway on a Deep Sea Port due to Sao Tome e Principe’s unique positioning in West Central Africa and this country is poised to be one of the most important hubs for intra-African trade in the next few years.”
"Without a shadow of a doubt, Sao Tome and Principe is one of the most beautiful places on this earth, it is the definition of paradise" says Adaeze Ekwueme, Managing Director, Emerald Concierge.
She said, "apart from the obvious which is investing in Oil and Gas, potential, investors should explore opportunities in Agriculture, Fisheries and Tourism as the country is blessed with fertile soil, abundant sea life and uniquely unspoilt exotic beaches."
The Investour Sao Tome e Principe Seminar 2011 will give investors all they need to know to be successful in Sao Tome e Principe.
http://www.worldstagegroup.com/worldstage/index.php?&id=3291&active=news
News Release on Yahoo
Press Release Source: Hyperdynamics Corp. On Wednesday July 13, 2011, 6:00 am EDT
HOUSTON, July 13, 2011 /PRNewswire/ -- Hyperdynamics Corp. (NYSE Amex: HDY) announced today that Ray Leonard, President and Chief Executive Officer, and Jason Davis, Vice President of Finance and Treasurer, will participate in the Global Hunter Securities Conference, which will be held in San Francisco on July 17-19, 2011.
Hyperdynamics' presentation at the conference will be webcast live on Monday, July 18, 2011 at 9:00 a.m. Pacific time (12:00 p.m. Eastern). To listen to the live audio webcast and view accompanying presentation material, visit the Investor Relations section of Hyperdynamics' website at www.hyperdynamics.com. A replay of the webcast will be archived on the site shortly after the presentation concludes.
http://finance.yahoo.com/news/Hyperdynamics-to-Present-at-prnews-3482933432.html?x=0&.v=1
Hi vineseeker2,
Here's something Dan shared regarding blocks 5 and 6 arbitration:
In November 2008, the Company dispatched notices of arbitration for service on the JDA and the governments of Nigeria and Sao Tome & Principe to commence arbitration in London. ERHC wants the London Court of International Arbitration to clarify that ERHC's interests in JDZ Blocks 5 and 6 remain intact. The arbitration has been currently suspended while the Company pursues amicable settlement with the governments of Nigeria and Sao Tome Principe.
The source was:
The Company’s Form 10-K Annual Report for 2010 (available for review at http://www.sec.gov/Archives/edgar/data/799235/000114036110049580/form10k.htm) indicates the two blocks remain the subject of arbitration, but the arbitration is suspended.
My speculation found it positive, as one might think that anything but the status quo is progress. I don't think ERHC want to be a thorn in the JDZ's progress. I guess there's other opinions worth considering.
erdo
well Krom
Regarding todays shareholder update, it seems to me to have been written as though it's information has been a comprehensive reflection of the many questions and speculations on this board. No clams left unturned. All our sticking points were addressed and carefully worded. Hopefully to calm the board for a day or so.
Perhaps the incessant recommendations by a few posters to develop the company like a real oil company are shedding light, or perhaps giving our corporate leader a new tack to consider. Nothing could give Sinopec more caution than seeing a small start up actually maneuvering to start up. As long as we have to wait, let them at least see what they can swing in the EEZ and if they can get some cash with some diligent partners, then Sinopec will have to review their timetable for secrecy. For those who would like to see the mother ship arrive very soon, this practical pressure toward credibility is probably the most prudent path to follow. It even sends the company in a positive direction. Up 4 cents by Easter. imo
erdo
yahoo news
HYPERDYNAMICS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements
http://biz.yahoo.com/e/110106/hdy8-k.html
-as shown updated on 12/23/2010, here's some of the block choices by the four EEZ bidders
http://stp-eez.com/
www.stp-eez.com
São Tomé and Príncipe
1st EEZ LICENSING ROUND
COMPANIES & BLOCKS APPLIED FOR
COMPANY , 1st CHOICE BLOCK, 2nd CHOICE BLOCK, 3rd CHOICE BLOCK
AFEX GLOBAL , 2 , x , x
O.G.ENGINEERING, 3 , 2 , 1
ORANTO PETROLEUM, 3 , 6 , x
OVERT ENERGY , 6 , 3 , 8
Hello Mark,
RE: sources
I believe ac hotfries has been in correspondence with Prazeres on a regular basis. Here are just a couple of his post numbers.
229552
230957
erdo
kownski
this is what Ihub shows:
Board Subject Author Date/Time
ERHC Energy Inc. Working Hydrocarbon Kitchen. kownski 10/25/2010 10:29:45 AM
Petro Matad Driling results out on DT-1 and an update redinvest 10/18/2010 04:55:05 PM
ERHC Energy Inc. Krom, it is nearly a mathematical impossibility to ERHC has proven 09/16/2010 10:41:50 AM
PEAK OIL+DEPRESSION - SUSTAINABLE LIVING The Story of Here Begins sumisu 08/13/2010 06:38:16 AM
ERHC Energy Inc. My final dots: balance_builder 08/04/2010 05:41:07 AM
ERHC Energy Inc. Puff - This is my take on this EZMONEY36 07/20/2010 10:46:38 AM
ERHC Energy Inc. You also have to remember in my opinion EZMONEY36 07/14/2010 11:46:25 AM
ERHC Energy Inc. ERHC has proven, If that was the case EZMONEY36 07/13/2010 03:42:03 PM
•Petro Matad Ltd. [url]www.proactiveinvestors.co.uk/companies/news/12668/petro-matad-audio-inte Zouf 07/07/2010 01:18:18 PM
ERHC Energy Inc. Keep trying ssc. The fact is that if ERHC has proven 02/02/2010 02:24:32 PM
I wish.
Unfortunately I have to drink from the public well. Maybe I'll find an acorn someday to share.
Good Luck
erdo
Looks like the ANP-STP has been expanding their EEZ site recently. Plenty more pics and geology type stuff since their extension into November.
http://stp-eez.com/Posters.htm
eg.
"The Gulf of Guinea contains over half
of African petroleum and has in recent
years seen the development of two
new deepwater petroleum provinces
The territorial waters of São Tomé and
Principe and a Joint Development
Zone with Nigeria, represent the next
deepwater frontier in this region."
One can't help but reflect on how the continents of Africa and South America had at one time fit together many years ago. Now Brazil's yin is cashing in, and hopefully West Africa's yang will follow soon.
SAO PAULO (AP) -- Brazil's state-run oil company was set Thursday to announce pricing for the world's largest share offering, with the expected proceeds of $79 billion being used to tap some of the largest oil reserves discovered in decades.
http://finance.yahoo.com/news/Petrobras-set-to-price-apf-2223689471.html?x=0&sec=topStories&pos=main&asset=&ccode=
can't sleep?
here's a press release
ERHC Energy to Present at the Rodman & Renshaw Annual Global Investment Conference
Press Release Source: ERHC Energy Inc. On Wednesday September 15, 2010, 1:01 am
HOUSTON, TX--(Marketwire - 09/15/10) - ERHC Energy Inc. (OTC.BB:ERHE - News), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that management will present at the Rodman & Renshaw Annual Global Investment Conference this morning. The conference, which has a track dedicated to energy, is taking place at the New York Palace Hotel, 455 Madison Avenue in New York.
ERHC Energy's principal presenter will be David Bovell, Vice President Corporate Development. Sylvan Odobulu, the Company's Controller, will also be in attendance to meet personally with investors. ERHC's presentation is scheduled for 9:30 a.m. today.
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 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.
http://finance.yahoo.com/news/ERHC-Energy-to-Present-at-the-iw-1637981160.html?x=0&.v=1