ERHC was among 12 U.S. E&P and Oil Service companies that presented their stories to institutional investors, research analysts, private equity firms, commercial lenders, high net worth investors, and oil and gas industry professionals at Enercom’s London Oil & Gas Conference on Tuesday, June 11, 2013. Mr. Ntephe discussed the Company’s diverse portfolio of exploration assets stretching across the African continent and will highlight the progress being made toward eventual drilling.
2. Introducing ERHC Energy Inc.
• Valuable E&P assets in Sub-Saharan Africa
• Incorporated in Colorado and based in
Texas, USA
• Publicly traded on the U.S. Over the Counter
Bulletin Board (OTCBB) – ERHE.OB
• Market cap: ±$55 million – June 2013
3. Brief History
• Through 2009
– Primary focus on deepwater JDZ assets
– Unexpected results from drilling in the JDZ
• 2010 – Awarded two Blocks in Sao Tome &
Principe EEZ
• 2011 – Awarded three Blocks in Republic of
Chad
• 2012 – Awarded Kenya Block 11A
4. Uniqueness of ERHC
• Home field advantage
–Management and board connected with the
region
–Significant investment by African business
interests
• Proven ability to secure quality assets
• Record of securing technically and financially
capable strategic partners
6. Kenya Exploration Acreage
ERHC’s Block 11A
• In NW Kenya
adjacent to border
with South Sudan
• Near intersection of
Cretaceous and
Tertiary Rift systems
• Significant
production already in
place nearby
Ngamia 1 and Twiga 1
Discoveries
7. African Rift Play
The trend consists of
numerous basins and
an associated
complex fault system
Lokichar
Basin
The proximity and
in-trend relationship
between the
Lotikipi plane and
the Abu Gabra Rift
basins of southern
Sudan suggest high
oil and gas
prospectivity
8. Recent Developments
• May 2013: Letter of Intent
–ERHC in negotiations to farm-out part of
Block 11A
–Integrated international oil & gas company
• June 2013: Relationship Building
–ERHC delegation met with local leaders
and community members
11. Niger
CNPC largest player
Current Production: ~17,000 bbl/d
Unconfirmed EUR: 1.0 Blnbbl
Continue to explore
Ndjamena Refinery
Operator: CNPC
Capacity: 20,000 bbl/d expandable
to 60,000 bbl/d
Online Date: June 2011
Supply: Block H Area II (CNPC)
Block H Area II
Operator: CNPC (Former EnCana)
Expected Production: ~17,000 bbl/d
Reserves (remaining): 85 MMbbl
OOIP: 700 mmbbl (CNPC)
Continue to explore
Chad/Cameroon Pipeline
Operator: Exxon
Capacity: 225,000 bbl/d
Utilization: 115,000 bbl/d
Distance: 1,070 km
Port: Cameroon loading
Expandable by adding pump stations
Republic of Chad
•Proven Reserves are 1.5 Billion Bbls
Source International Petroleum Encyclopedia
•Undeveloped Discoveries are 2.6 Billion Bbls, and 14.6 TCF
of Gas
Source USGS, World Petroleum Resources Project
Sudan All Fields
Key Operators: CNPC & Consortiums
Current Production: 465,000 bbl/d
Peak Production: 538,000 bbl/d (2011)
Reserves (remaining): 1.96 Bln bbls
EUR: 3.0 Bln bbls
Key basins: Muglad, Melut
Wells Drilled: 300
Commercial & Technical Success: 60%
Greater Nile Oil Project
Operator: GNPOC (Formerly Arakis)
Current Production: 203,000 bbl/d
Peak Production: 300,000 bbl/d (2004)
Reserves (remaining): 662 MMbbl
EUR: 1.49 Bln bbl
Chari Ouest - Doba Basin
Operator: Exxon (Esso)
Current Production: 115,000 bbl/d
Peak Production: 220,000 (2004)
Reserves (remaining): 462 MMbbl
EUR: 795 mmbbl
ERHC BLOCKS
12. African Rift Play
Recent discoveries
include Tullow’s
#1 Ngamia in
Kenya and OPIC’s
#1 Benoy in Chad.
The African Rift
Play is one of the
hottest trends in
global oil
exploration.
13. ERHC BDS 2008 “Lead A”
ESSO CHARI EAST - DOSEO
Esso Tega #1 – 8 MMBOE
SSE
ERHC Lead A
PTD 12800’ MD
NNW
1st Derivative RTE Magnetic MapERHC BDS 2008
18. Fairway Plays
Cross section from Príncipe to Equatorial Guinea Margin
Cretaceous and Tertiary sands from the continental margin extend
over the continental crust into the São Tomé EEZ
24. ERHC = African Growth Play
ERHC provides a transparent vehicle
to invest in Sub-Saharan Africa sector
with high returns
– 2010-2013 regions’ GDP grew
>5% annually
– Main stock markets rose >50%
in past year
– Home to six of 10 fastest
growing economies
25. ERHC Value Proposition
The market cap and asset value curve depicted is merely for illustration
purposes. Actual results may vary.
26. Excellent Opportunity
1. Invest directly in ERHC’s assets through
farm-in
2. Acquire equity in specific asset-holding
subsidiary
3. Invest in ERHC’s diverse asset portfolio
through equity in parent company
Notas do Editor
ERHC is an American public company based in Houston. We’ve been in existence for 27 years, the last 15 of which have been dedicated to African oil exploration
Our initial focus was the deep water JDZ between Nigeria and Sao Tome & Principe off the Coast of West Africa. In August 2009 to January 2010, in conjunction with Addax and Sinopec, we drilled 6 wells in 3 blocks in the JDZ but found only non-commercial quantities of biogenic methane gas. We’ve forged on since, securing two more blocks in Sao Tome and Principe’s Exclusive Economic Zone. We’ve also secured 3 blocks in Chad in Central Africa and a further block in in Northwestern Kenya which lies on the intersection of the East and Central African rift systems.
We like to describe ERHC as an American company with an African face. I can assure that is no reference to my face but to ERHC’s deep connections in Africa and intrinsic knowledge of African exploration plays
We like to describe ERHC as an American company with an African face. I can assure that is no reference to my face but to ERHC’s deep connections in Africa and intrinsic knowledge of African exploration plays
We like to describe ERHC as an American company with an African face. I can assure that is no reference to my face but to ERHC’s deep connections in Africa and intrinsic knowledge of African exploration plays
We like to describe ERHC as an American company with an African face. I can assure that is no reference to my face but to ERHC’s deep connections in Africa and intrinsic knowledge of African exploration plays