ERHE Energy – OTCBB: ERHE
ERHC Energy is a visionary oil and gas company that sees opportunities before others and relishes the challenge of realizing the value of the hard work of our leadership and staff. Click here to view a flash presentation and brief video.
ERHC Energy is currently focused on exploiting its assets — rights to working interests in oil and gas reserves in the Gulf of Guinea offshore central West Africa. ERHC’s rights in the Joint Development Zone.
During the past two years, ERHC has formed strong alliances with Addax Petroleum and Sinopec Corp., both of which are experienced exploration and production companies. In March 2009, Addax announced that it has secured the Deepwater Pathfinder, a deepwater drill ship, and plans to begin exploratory drilling in JDZ Block 4 during the second half of 2009.
Additionally, in Sao Tome & Principe’s Exclusive Economic Zone (EEZ), ERHC’s rights to participate in exploration and production activities include the right to receive up to two blocks of ERHC’s choice and the option to acquire up to a 15 percent paid working interest in another two blocks of ERHC’s choice. The Company would be responsible for its proportionate share of exploration and exploitation costs in the EEZ blocks.
ERHC is also working to diversify its holdings and build upon its assets in the Gulf of Guinea through a carefully executed acquisition strategy aimed at viable revenue producing properties.
Subscribe to our Feed