ERHC Energy Inc (ERHE)

[stocks2rise]

According to page 64 they don't have anything planned for the JDZ thru 2017! This does not bode well for the JDZ. Really disappointed. Now just have to look forward to other properties and hope something comes out of them. Looks like another decade of waiting.

Diversified portfolio of major Upstream projects
Projects Countries Capacity (kboe/d) Share Op* Status
Usan Nigeria Deep off. 180 20% ? Prod.
Utica USA Gas/Cond. up to 400 25% Prod./Dev.
Bongkot South Thailand Gas 70 33.3% Prod.
Production growth
Mboe/d - Brent price 100 $/b
Halfaya Iraq Liquids 535 18.75% Prod.
Angola LNG Angola LNG 175 13.6% Dev.
Sulige China Gas 50 49% Dev.
OML 58 Upgrade Nigeria Gas/Cond. 70 40% ? Dev.
South Mahakam Ph.1&2 Indonesia LNG 55 50% ? Dev.
Anguille redev. Ph.1-3 Gabon Liquids 20 100% ? Dev.
Kashagan Ph.1 Kazakhstan Liquids 300 16.8% Dev.
2012
2011-15
2
3
Sanctioned
projects***
Under study
~3
Mboe/d
+1 Mboe/d
g
West Franklin Ph.2 UK Gas/Cond. 40 46.2% ? Dev.
Ekofisk South Norway Liq/Gas 70 39.9% Dev.
CLOV Angola Deep off. 160 40% ? Dev.
Laggan Tormore UK Deep off. 90 80% ? Dev.
Ofon 2 Nigeria Liq/Gas 70 40% ? Dev.
Eldfisk 2 Norway Liq/Gas 70 39.9% Dev.
Surmont Ph.2 Canada Heavy 110 50% Dev.
~3%
CAGR
1
2015
oil GLNG Australia LNG 150 27.5% Dev.
Vega Pleyade Argentina Gas 70 37.5% ? FEED
Tempa Rossa Italy Heavy oil 55 75% ? Dev.
Termokarstovoye Russia Gas/Cond. 65 49% Dev.
Ikike (OML 99) Nigeria Liq/Gas 55 40% ? FEED
Incahuasi Bolivia Gas 50 60% ? FEED
Egina Nigeria Deep off 200 24% ? FEED
2011 2015 2017
40
Operating cash flow and net investments****
B$
*** Including 2012 start-ups
off. Block 32 - Kaombo Angola Deep off. 200 30% ? FEED
Moho North Congo Deep off. 100 53.5% ? FEED
Martin Linge (Hild) Norway Liq/Gas 80 51% ? Dev.
Ichthys Australia LNG 335 30% Dev.
Linnorm Norway Gas 100 20% FEED
Blocks 1,2 and 3A Uganda Liquids 200-250 33.3% ? Study
Sh h D i Ph A b ij G St d
20
80 $/b
80 $/b
Shah Deniz Ph.2 Azerbaijan Gas 380 10% Study
Yamal LNG Russia LNG ~450 20%** FEED
Ahnet Algeria Gas 70 47% Study
Fort Hills Canada Heavy oil 160 39.2% FEED
Joslyn North Mine Canada Heavy oil 100 38.25% ? FEED
Brass LNG Nigeria LNG 300 17% FEED
Shtokman Ph.1 Russia LNG 410 25% FEED
2017 0
Group cash flow from operations Net investments
Flexibility on part of unsanctioned Capex
Average
2012-14
Average
2015-17
Average
2008-11
Investor Relations – www.total.com 64
IMA (OML 112) Nigeria Gas 60 40% ? Study
* Total operated; in Uganda, Total operator of block 1 only
** Direct stake in the project only
****