ERHC Energy Inc (ERHE)

[RUBY1100]

02/12 ERHC Energy Inc. Reports First Quarter 2008 Financial Results

ERHC Energy Inc. Reports First Quarter 2008 Financial Results

HOUSTON, TX, Feb 12, 2008 (MARKET WIRE via COMTEX) -- ERHC Energy Inc. (ERHE)
today reported financial results for the first quarter ended December 31, 2007.

As of December 31, 2007, ERHC reported cash assets totaling $33,870,197, compared
to $38,030,673 one year ago.

During the three months ended December 31, 2007, ERHC's interest income totaled
$431,863. ERHC's net loss totaled $586,765, which was up slightly from $522,142
for the three months ended December 31, 2006. General and administrative expenses
during the first quarter decreased by approximately $320,000, or 24 percent,
compared the same period a year ago.

"The quarter saw a significant reduction in expenses incurred in connection with
the Justice Department and SEC investigations of the Company," said Acting Chief
Executive Officer Nicolae Luca. "By restructuring operations and implementing
strict cost controls, we continue to strengthen the Company's financial
position."

To date, the Gulf of Guinea, off the coast of West Africa, has been ERHC Energy's
primary focus. The Company's consortium partners, Addax Petroleum and Sinopec
Corp., are preparing to begin exploration activities in two blocks of the Joint
Development Zone (JDZ) between Nigeria and the Democratic Republic of Sao Tome &
Principe.

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 http://www.erhc.com.