ERHC Energy Inc. Appoints Chief Executive Officer
HOUSTON, May 3, 2010 – 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 the appointment of Peter Ntephe as chief executive officer. Mr. Ntephe has served as chief operating officer and acting chief executive officer since 2008.
As CEO, Mr. Ntephe will continue to be responsible for ensuring that the strategic objectives of ERHC Energy and its subsidiaries are met. He is overseeing the Company’s plans to seek a listing on the AIM of the London Stock Exchange and is focused on accelerating ERHC’s growth strategy. Mr. Ntephe also oversees the Company’s general administration and governance.
ERHC also announced election of three new directors by the shareholders at the Company's Annual Shareholders Meeting on April 27, 2010. Shareholders elected Leslie Blair, Friday Oviawe and Peter Ntephe. They join ERHC’s re-elected directors, Ambassador (rtd.) Howard Jeter and Dr. Andrew Uzoigwe. The directors’ terms of office will run until the Company’s next Annual Shareholders Meeting.
Mr. Oviawe, one of the newly elected directors, is a Certified Public Accountant and has been appointed the Chairman of ERHC’s Audit Committee.
ERHC has interests in six of the nine Blocks in the Nigeria – São Tomé & Principe Joint Development Zone. The Company also holds working interests in the São Tomé & Príncipe Exclusive Economic Zone (EEZ).
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 www.erhc.com.
