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Tuesday, August 13, 2013 4:52:14 PM
Houston, August 13, 2013 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today updated shareholders on the Company's progress.
ERHC Shareholders:
ERHC is pleased to present highlights of the Company's recent progress. Greater detail is available in the Company's quarterly 10-Q filing, which can be read at http://erhc.com/secfilings/.
São Tomé and Príncipe Exclusive Economic Zone (EEZ)
• ERHC has concluded negotiations with the National Petroleum Agency (ANP-STP) on the EEZ Block 4 and 11 Production Sharing Contracts (PSCs).
• Translations, final legal review and certain approvals will precede signature.
Republic of Kenya Block 11A
• Negotiations continue with an international operator interested in farming into the Block following a Letter of Intent entered into in May 2013.
• ERHC awarded a contract to Bell Geospace to acquire an airborne Full Tensor Gravity Gradiometry (FTG) survey of the Block.
• ERHC conducted community outreach with government and local leaders to precede of the Company's exploration program.
Republic of Chad
• ERHC has contracted ASAT (Archeologie et Socio-Antropologie au Tchad), an environmental consultancy with Chad expertise and experience, to conduct a comprehensive Environmental Impact Assessment (EIA) in accordance with the PSC.
• ERHC has applied to the Chadian Ministry of Energy to harmonize ERHC's acreage with current determinations of prospectivity.
Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ)
• ERHC and other contracting parties continue negotiations with the Joint Development Authority on how to progress with JDZ Blocks 2, 3 and 4.
Fundraising
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