ERHC Energy Inc.: 2D Seismic Program Underway on Kenya Block 11A
22 April 2014 - 1:02PM
ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company
with oil and gas assets in Sub-Saharan Africa, today announced the
start of a 2D seismic program covering at least 1,000 line
kilometers on Block 11A in the Republic of Kenya. BGP Kenya
Limited, one of the world's leading geophysical service companies,
is carrying out the seismic acquisition.
Block 11A is located to the northwest of the Lokichar Basin
where the significant Ekales-1, Agete-1, Etuka-1, Ngamia-1 and
Twiga South-1 oil discoveries were made. ERHC holds a 35 percent
interest in the Block after farming out a 55 percent stake to CEPSA
(Compañía Española de Petróleos, S.A.U.), which is now the
operator.
"Upon completion of the 2D seismic program this summer, ERHC and
its operating partner will have satisfied the minimum work program
requirements for the initial two-year exploration period under
terms of the Block 11A Production Sharing Contract," said Dr. Peter
Thuo, General Manager of ERHC Kenya Ltd.
The 2D seismic program was designed to cover areas of interest
resulting from structural mapping of prospective basins enabled by
the airborne Full Tensor Gravity Gradiometry (FTG) survey of Block
11A completed recently. The FTG survey confirmed that the Lotikipi
basin extends into Block 11A significantly advanced the exploration
team's understanding of the internal structure of the Lotikipi rift
basin and enabled the identification of the most prospective
areas.
In addition to its oil and gas exploration interests in the
Republic of Kenya, ERHC holds interests in the Republic of Chad,
the Sao Tome and Principe Exclusive Economic Zone (EEZ) and the
Nigeria-Sao Tome and Principe Joint Development Zone (JDZ).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas
company focused on growth through high impact exploration in Africa
and the development of undeveloped and marginal oil and gas fields.
ERHC is committed to creating and delivering significant value for
its stockholders, 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.
Cautionary Statement
This press release contains statements concerning ERHC Energy
Inc.'s future operating milestones, future drilling operations, the
planned exploration and appraisal program, future prospects, future
investment opportunities and financing plans, future stockholders'
meetings as well as other matters that are not historical facts or
information. Such statements are inherently subject to a variety of
risks, assumptions and uncertainties that could cause actual
results to differ materially from those anticipated, projected,
expressed or implied. A discussion of the risk factors that
could impact these areas and the Company's overall business and
financial performance can be found in the Company's reports and
other filings with the Securities and Exchange Commission. These
factors include, among others, those relating to the Company's
ability to exploit its commercial interests in Kenya, Chad, the JDZ
and the Exclusive Economic Zone of São Tomé and Príncipe, general
economic and business conditions, changes in foreign and domestic
oil and gas exploration and production activity, competition,
changes in foreign, political, social and economic conditions,
regulatory initiatives and compliance with governmental regulations
and various other matters, many of which are beyond the Company's
control. Given these concerns, investors and analysts should not
place undue reliance on these statements. Each of the above
statements speaks only as of the date of this press release. The
Company expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement to reflect any change in the Company's expectations with
regard thereto or any change in events, conditions or circumstances
on which any of the above statements is based.
CONTACT: Dan Keeney, APR
DPK Public Relations
832-467-2904
dan@dpkpr.com
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