ERHC Energy Inc. Completes Airborne FTG Survey of Kenya Block 11A
07 January 2014 - 8:00AM
ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company
with oil and gas assets in Sub-Saharan Africa, has completed its
airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A
in northwestern Kenya. Bell Geospace, which flew the FTG on ERHC's
behalf, acquired a total 14,943.8 line kilometers.
ERHC is already advanced in the process of awarding the contract
for a 2D seismic survey of at least 1,000 kilometers in the Block
in compliance with the work program. The seismic survey, expected
to commence within this quarter, will be premised on structural
mapping of prospective basins enabled by the FTG survey.
Shortly after the FTG survey commenced, the Company announced
that preliminary results confirmed that the Lotikipi basin extends
into Block 11A. Final results are expected to significantly advance
the exploration team's understanding of the internal structure of
the Lotikipi rift basin and enable the identification of the most
prospective areas.
ERHC is the operator of Block 11A, which encompasses
approximately 11,950 square kilometers or 2.95 million acres, and
is located to the northwest of the Lokichar Basin where the
significant Ekales-1, Ngamia-1 and Twiga South-1 oil discoveries
were drilled. A farm-out agreement with a renowned integrated oil
and gas company, which includes a carry and other considerations,
is pending approval from the government of the Republic of
Kenya.
In addition to Kenya Block 11A, ERHC's oil and gas exploration
interests extend across the African continent, including the
Republic of Chad, the São Tomé and Príncipe Exclusive Economic Zone
(EEZ) and the Nigeria- São Tomé and Príncipe Joint Development Zone
(JDZ).
Those with questions are encouraged to reference the Company's
SEC filings, which are available at http://erhc.com/secfilings/ or
contact Daniel Keeney, ERHC's investor relations representative, at
dan@dpkpr.com.
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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