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ERHC Energy Inc ERHE

ERHC Energy Inc. is an oil and gas company. The Company is in the business of exploration for oil and gas in Africa. The Company's business includes working interests in exploration acreage in the Republic of Kenya (Kenya), the Republic of Chad (Chad), the Joint Development Zone (JDZ) between the Democratic Republic of Sao Tome and Principe (STP), the Federal Republic of Nigeria (FRN or Nigeria), and the exclusive economic zone of Sao Tome and Principe (the Exclusive Economic Zone (EEZ)). The Company has a Production Sharing Contract (PSC) on Block 11A with the Government of Kenya. As of September 30, 2016, the Block 11A consisted of 11,950.06 square kilometers or 2.95 million square acres. As of September 30, 2016, the Company had a PSC on the three oil blocks with the Government of Chad. As of September 30, 2016, the Company had 100% interest in the Block BDS 2008 in Chad. As of September 30, 2016, the Block BDS 2008 measured 41,800 square kilometers or 10,329,000 acres.


GREY:ERHE - Post by User

Bullboard Posts
Post by bazilfawltyon Dec 02, 2014 9:49am
103 Views
Post# 23185018

ERHC news

ERHC news
Drilling in Kenya’s Block 11A to begin within 12-16 months 
DECEMBER 2, 2014 BY SAMUEL KAMAU MBOTE 

Block 11A partner Houston based ERHC has announced that together with the block operator CEPSA Kenya Limited (a wholly owned affiliate of Compañía Española de Petróleos, S.A.U. (CEPSA) it plans to start drilling in Northern Kenya in Q$ 2015 earliest having completed a 2D seismic survey and a full tensor gravity gradiometry (FTG) survey which identified two separate basins, Anam and Tarach earlier in the year. 

According to the explorer’s president and CEO Peter Ntephe the drilling will be contingent upon several conditions precedent with the partners pursuing the plans with the requisite zeal. 

Already the company has said it has identified the presence of several viable leads similar to those in the Lokichar basin some with closures of up to 20 square kilometers. 

“The possibility of existence of stacked reservoirs, as seen in the Lokichar basin, could be a significant factor in computation of field volumetrics associated with these closures. Completion of the ongoing detailed seismic interpretation is expected to mature these leads into drillable prospects,” ,” said Dr. Peter Thuo, General Manager of ERHC Kenya Ltd early last month. 

The block also lies nearby other significant proven fields in the region including the Muglad and Melut basins in the South Sudan with 3 billion and 2 billion barrels of oil respectively, and the Albertine Basin in Uganda with 1.7 billion barrels of oil in place.
 
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