Monday, October 20, 2008 9:28:26 AM
(Market Wire 10/20 09:28:02)
HOUSTON, TX -- (Marketwire) -- 10/20/08 -- ERHC Energy Inc. (OTCBB: ERHE), 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 its
senior executives will present at the RedChip Elite Investment Conference
at the Harvard Club in New York.
ERHC Energy's presentation is part of a comprehensive relationship with
RedChip Companies, Inc. that also includes the initiation of research
coverage by RedChip Visibility. RedChip Visibility will issue an initial
research report on ERHC as well as quarterly research updates.
The RedChip Elite Investment Conference in New York is scheduled for
Wednesday, November 5, 2008. ERHC Energy's principal presenter will be
Chief Operating Officer Peter Ntephe. David Bovell, Vice President
Corporate Development, will also be in attendance to meet personally with
attendees. Investors can listen to the live audio feed of the RedChip
presentation at www.redchip.com.
ERHC will be one of 15 emerging growth companies featured at the day-long
conference.
"We look forward to meeting with investment bankers, fund managers,
institutional and accredited investors, and research analysts in the
financial capital of the world," said Mr. Ntephe. "We continue to make
progress toward achieving a number of long-term business objectives,
including the start of exploratory drilling in the Gulf of Guinea, and we
are excited to introduce the company to those who aren't familiar with us."
ERHC Energy's most recent quarterly financial report shows the Company had
cash assets totaling $32.4 million and very little debt as of June 30,
2008.
Participation in the RedChip Elite Investment Conference is part of ERHC
Energy's strategy to take its story to investors in the U.S. and
international markets. Later this month, ERHC will also be presenting at
the 2008 Global Investment Symposium in Dubai. ERHC's presentation in Dubai
is scheduled for Monday, October 27, 2008.
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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