Addax Petroleum (fka AXC)

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Bridgeporth Commences Airborne Gravity / Magnetic Survey of ERHC Energy's BDS 2008 in Chad

Data will help solidify exploration strategy for block adjacent to discoveries in the Doseo and Doba basins

HOUSTON, October 13, 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 Bridgeporth Ltd., a specialist geosciences company, has commenced an airborne gravity/magnetic survey of BDS 2008 in Southern Chad. ERHC has 100 percent of the interest in BDS 2008.

Bridgeporth is flying 4,720 line kilometers, focusing on two main areas identified by ERHC's technical team:
• North of Esso's Tega and Maku discoveries in the Doseo basin; and
• East of and on trend with OPIC's Benoy-1 margin discovery in the Doba basin.

The Doba and Doseo basins feature active exploration and development projects with discoveries exceeding 1,290 MMBOE. ERHC also has contracted with Bridgeporth to process and interpret the collected gravity/magnetic data.

"We are proud to reach this major milestone in our exploration work program in the Republic of Chad, which is an under-appreciated oil producing nation with new fields coming on-stream that could double oil production by the end of 2015," said ERHC President and CEO Peter Ntephe.

Chad's oil industry, which is a net exporter of oil and has been producing for more than a decade, boasts valuable oil and gas infrastructure assets, including the 50,000 barrel per day Djarmaya refinery and the Chad-Cameroon pipeline, which is situated in close proximity to ERHC's BDS 2008 Block. According to the U.S. Energy Information Administration, Chad is ranked 42nd in the world in crude oil production at approximately 100,000 barrels per day.

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.