ERHC Energy Inc (ERHE)

[RUBY1100]

ROO "We have got one" in Advanced Negotiations

Addax London Capital Markets Day – Highlights

Exploration Head - Jeff Schrull

“Wants to put the “E” in the E&P”

68 Members on Exploration Team

Focus High Impact Exploration and new fields

JDZ has new Prospects Added

JDZ BL 2 - 437 MM Bbls
JDZ BL 3 - 184 MM Bbls
JDZ BL 4 - 1,134 MM Bbls

Starcrest / SEO OPL-291
Unrisked 477 MM Bbls Risked 163 MM Bbls

RIGs
AA first set of Sea Trials were successful
Now Back in yard
Sail away in October

ROO
"We have got one" in Advanced Negotiations



H1 2008 results
• Average realized price = $109.58 / bbl (vs. $109.14 Brent / bbl)
• Average royalties rate = 17%
• Operating costs = $8.81 / bbl
• Operating netback (before-tax) = $81.78 / bbl
• Current income tax = $38.07 / bbl
• FFFO = $43.71 / bbl