ERHC Energy Inc (ERHE)

[majicathome]

SmallCapReview.com: Penny Stocks to Watch Wednesday - SOLU, EVII, ERHE

ERHC Energy (OTCBB: ERHE) $0.53. Announced Tuesday after market close that Addax Petroleum, the operator of Nigeria-Sao Tome & Principe Joint Development Zone (JDZ) Block 4, has commenced drilling the Oki East well this week. ERHC Energy has a 19.5 percent interest in the Block.

Drilling is estimated to take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others.

What They Do:

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

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