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
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