ERHC Energy Dubai Presentation, October 27, 2008
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ERHC Energy Dubai Presentation, October 27, 2008
- 1. ERHC Energy (OTCBB: ERHE) Presented October 27, 2008 By David Bovell Vice President Corporate Development
- 12. Where Do We Believe the Oil Is?
- 17. ERHC’s JDZ Interests “ “ No Contracts 35% 5% 35% ERHC Joint Bid Participating Interest 20% 15% 15% 25% 20% 30% ERHC Original Participating Interest 10% 15% Block 3 19.5% 40.5% Block 4 15% No Contracts Block 5 20% “ Block 9 15% “ Block 6 22% 43% Block 2 Current ERHC Interest Participating Interest Sold JDZ Block
- 20. JDZ Deepwater Blocks JDZ Block 3 (10% WI) Lemba Prospect Addax Estimate: 270 MMbbl for Block JDZ Block 4 (19.5% WI) Kina Prospect Addax Estimate: 1,134 MMbbl for Block JDZ Block 1 ERHC does not have interest JDZ Block 2 (22% WI) Bomu Prospect Addax Estimate: 437 MMbbl for Block
- 21. Kina Prospect in JDZ Block 4
- 27. ’ 06 Cash Infusion Provides Stability, Opportunity $18.0 $7.5 $20.4 Proceeds of sales (millions) Addax Block 4: Addax Block 3: Sinopec and Addax Block 2: Participating agreement Participating interests sold to JDZ Block