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[uptodamoon]

Interim CEO Updates ERHC Energy Inc. Shareholders

HOUSTON, March 27, 2008 – The following update on Company activities was issued by Nicolae Luca, interim chief executive officer of ERHC Energy Inc. (OTCBB: ERHE), on Thursday, March 27, 2008.

“To ERHC Shareholders:

“I am pleased once again to provide an update on the recent progress of ERHC Energy Inc.
“Our team continues to make progress toward exploration of some of our assets in the Gulf of Guinea, off the coast of West Africa. ERHC Energy’s assets in the Gulf of Guinea include interests in the deepwater Joint Development Zone (JDZ) as well as interests in the territorial waters of São Tomé and Príncipe known as the Exclusive Economic Zone (EEZ). To date, attention has been focused on JDZ Blocks 2, 3 and 4.

“JDZ Block 4 is most likely to be the first of our exploratory drilling locations. ERHC has a 26.7 percent participating interest in JDZ Block 4. Our technical partner, Addax Petroleum, an experienced exploration and production company with significant interests throughout the JDZ, is the operator of JDZ Block 4. Addax executives have indicated that drilling could commence as early as the fourth quarter of this year. The Joint Development Authority (JDA), which was set up by the governments of Nigeria and São Tomé and Príncipe to administer the JDZ, has approved the first drilling location, the Kina Prospect.

“Initial exploration of JDZ Block 2, in which ERHC Energy has a 22 percent participating interest, is currently expected to commence in 2009. Sinopec Corp. is the operator of JDZ Block 2. As we have stated previously, Sinopec and Addax Petroleum jointly contracted the Aban Abraham deepwater drillship, which continues to undergo refurbishment in Singapore. Discussions continue regarding the specific drilling location in JDZ Block 2.

“In JDZ Block 3, in which ERHC Energy has a 10 percent participating interest, the JDA has approved the first well location at what is known as the Lemba Prospect. Anadarko is the operator of JDZ Block 3 and has not disclosed a potential timeline for exploration.

“If you have not recently visited the ERHC Web site, I encourage you to review the latest seismic images that have been disclosed by our technical partner, Addax Petroleum, at www.erhc.com/jdzprospectivity. The images showcase what geologists and engineers, using advanced technologies, have determined lies beneath 5,000 feet of water and sand on the bottom of the Gulf of Guinea.

“ERHC remains interested in diversifying its asset and investment portfolio. As reported several months ago, ERHC’s board of directors approved the reformulation of ERHC’s business plan and expansion of strategic focus in August 2007. Greater flexibility was therefore granted to the Company’s leadership, letting us explore opportunities beyond the Gulf of Guinea. Most recently, after due consideration and technical appraisal of a proposal to acquire a significant stake in a company pursuing mining investments in South East Asia, ERHC decided not to pursue the proposal. Going forward, ERHC will continue to consider opportunities in mining and minerals in addition to possible acquisitions in oil and gas.

“Plans are taking shape for ERHC Energy’s annual shareholders' meeting on April 22, 2008. The requisite notice of meeting and proxy statement were filed with the U.S. Securities and Exchange Commission on March 17, 2008. The documentation has been mailed to all shareholders of record as of that date. The meeting will be held at the Renaissance Houston Hotel in Houston, Texas. We hope to see you there.

“ERHC Energy’s annual report for 2007 has been completed and is also being sent to shareholders of record as of March 17, 2008. The annual report extends the Company’s theme, 'Deep Opportunity.' The annual report continues our telling of the ERHC story and we encourage you to pass it along to others.

“Speaking of telling the ERHC story, the ERHC Energy staffers were doing a lot of that at Nigeria Oil & Gas 2008, a major conference and exhibition in Abuja, Nigeria where ERHC had a significant presence as sponsor and exhibitor. Some photographs from the event have been posted on our Web site and if you have not already seen them, please do so. According to conference organizers, the event attracted nearly 4,400 visitors, approximately 1,100 conference delegates and more than 100 journalists. It was an enormous success. Stories featuring ERHC Energy have already appeared in a number of trade publications.

“And finally, we have received a number of questions from shareholders regarding the significance of a photograph used in various marketing materials and posted online in February. As we have consistently stated, ERHC’s management continues to explore options, proposals and prospects that might advance the interests of the Company and our shareholders. It is important to note, however, that ERHC Energy has not signed any letters of intent (LOIs), memoranda of understanding, undertakings or any other form of legal obligation related to any information or transaction that might appear to be depicted in the photograph. In the event that the ERHC leadership signs or enters into any LOIs or agreements related or giving rise to any material transaction, we will publicly disclose that information by the requisite means of dissemination.
“On behalf of the entire ERHC Energy family, thank you for your ongoing trust and support."

Sincerely,

Nicolae Luca

Acting Chief Executive Officer

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 shareholders’ meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, 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 the JDZ and the exclusive territorial waters 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.

[FANNIEMAE]

Antwort auf Beitrag Nr.: 33.764.670 von uptodamoon am 31.03.08 11:55:33

Bewegung ist gelaufen. Das war es dann schon.


Jetzt wird nur noch an die Sucker verkauft.

MfG
Fanniemae

[Boersentrottel]

Antwort auf Beitrag Nr.: 33.764.670 von uptodamoon am 31.03.08 11:55:33

Das ist wohl die Company die diese Woche im Spiegel erwähnt wurde......

[uptodamoon]

Antwort auf Beitrag Nr.: 33.888.925 von Boersentrottel am 15.04.08 15:35:57

Hi,

was wurde dort geschrieben?

[Boersentrottel]

Es wurde von großen Ölvorkommem auf Sao Tome und Principe berichtet. Unter anderem wurde ERHC erwähnt und habe nun mal geguckt, ob man als normalsterblicher Börsianer davon profitieren könnte...Ist schon stark gekommen, muß nun überlegen ob noch Einstieg lohnt....

[uptodamoon]

wenn der Jefferson Fall abgeschlossen ist, wird hier noch ganz was anderes kommen

[Boersentrottel]

Antwort auf Beitrag Nr.: 33.889.186 von uptodamoon am 15.04.08 15:58:19

Was wird dann bitte kommen?

[rieder_1958]

Stabil,

wann gibt es was neues ?

[uptodamoon]

Moneymakers
FIVE QUESTIONS WITH PETER NTEPHE
Oil company dealing with inquiry


By David Ivanovich
Copyright 2008 Houston Chronicle Washington Bureau

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WASHINGTON — ERHC Energy is a tiny Houston-based oil company with some potentially lucrative drilling rights in West Africa's crude-rich Gulf of Guinea, in a Joint Development Zone controlled by Nigeria and the small nation of São Tomé and Príncipe.

But this six-employee firm has had a rocky history.

In December 2005, São Tomé's then-attorney general called on U.S. officials to investigate ERHC's dealings in the country. Six months later, FBI agents raided ERHC's offices and carted off 118 boxes of documents. In filings with the U.S. Securities and Exchange Commission, the company said the search warrant alleged violations of the Foreign Corrupt Practices Act, as well as conspiracy and wire fraud.

ERHC's acting chief executive, Peter Ntephe, spoke recently with Chronicle reporter David Ivanovich. Following are excerpts of that conversation.

Q: What's the latest on your offshore prospects in the Gulf of Guinea?

A: We are expecting that drilling will start in at least two of the blocks in the JDZ very shortly. We're looking at drilling (with consortium partner Addax Petroleum) in Block 4 of the JDZ, starting within about six to eight months. However, we must put in the necessary caveats. As in all drilling, there are lot of contingencies which might arise which could put that time schedule off by a little bit.

The high price of oil has made oil companies, including little ERHC, the subject of a lot of focus by the markets. The JDZ has lots of interest from the oil community, as you know, and from the press, of course. And we expect that a lot of that interest arises, not just because of the prospectivity of the Gulf of Guinea itself but also because of the current high oil prices.

We've always been the subject of interest from various sorts of investors. I haven't seen any particular change in the volume of that because of the high oil prices.

Q: Two years ago, federal agents raided ERHC's Houston office. What's the status of that investigation?

A: We're still cooperating with the investigating authorities through our lawyers, Akin Gump. That's really where we stand. And Akin Gump has been liaising with the investigative bodies, answering any questions that they might have.

ERHC is not the only company to be investigated. It's something we have to deal with, but I think an investor who is looking at the bottom line will look at our track record and see what we've done with very little.

Q: Your activities in West Africa have stirred up a lot of political controversy in São Tomé. Relations, at times, have been quite tense.

A: Our relations with the government of São Tomé, since 2001, have been cordial. We went into that region before anyone else.

The challenge, of course, of doing this is that it's not all within our control.

Q: You have had what can fairly be described as a revolving door in the executive suite. Just last year, ERHC's chairman, Nigerian businessman Emeka Offor, stepped down. How has that affected your company?

A: I don't know if I would characterize it as a revolving door. Sir Emeka was a non-executive chairman of the board and had been on the board for six years, from 2001 until 2007. He decided it was time for him to concentrate on his other businesses. And he has a whole lot of other businesses in West Africa and the world. And then Mr. (Nicolae) Luca, (Ntephe's predecessor), who just left, had been there for two years. We've had more stability than many small companies, really. And under Mr. Luca's tenure we made sure that executive management was not affected, that there was no management vacuum. I have also been with the company from 2001, so we try — and have succeeded in doing that — to make sure our operations continued unabated.

Q: You've said ERHC has about 2,000 core investors. Faced with these kinds of challenges, why would an investor want to put money in ERHC?

A: This company is actually living the American dream. We have foresight. We have vision. And we've continued to demonstrate that as little as this company is, we can do good things with very little. I think that's a great investment story.

[gutesomen]

Gute Geschäftsmänner FÜNF FRAGEN MIT der Ölfirma von PETER NTEPHE, die sich mit Untersuchung Durch den Copyright 2008 Houston Chronicle Washington Bureau TOOLS Email von David Ivanovich befasst, Bekommen Abteilungsfutter-Druck, Empfehlen Anmerkungen Yahoo! Summen WASHINGTON - ERHC Energie ist eine winzige mit Sitz Houston Ölfirma mit einigen potenziell lukrativen Bohrrechten im grob-reichen Golf des westlichen Afrikas Guineas in einer Gemeinsamen Entwicklungszone, die von Nigeria und der kleinen Nation von S ã o Tomé und Príncipe kontrolliert ist. Aber dieses Sechsangestellte Unternehmen hat eine felsige Geschichte gehabt. Im Dezember 2005, S ã o Tomé's Dann-Oberster-Justizbeamter forderte amerikanische Beamte auf, den Verkehr von ERHC im Land zu untersuchen. Sechs Monate später fielen Agenten von FBI die Büros von ERHC über und karrten 118 Kästen von Dokumenten weg. Im Feilstaub mit den amerikanischen Wertpapieren und der Austauschkommission sagte die Gesellschaft, dass der Durchsuchungsbefehl Übertretungen des Korrupten Auslandsmethoden-Gesetzes, sowie Komplott und Leitungsschwindel behauptete. Der stellvertretende leitende Angestellte von ERHC, Peter Ntephe, sprach kürzlich mit Chronik-Reporter David Ivanovich. Folgender ist Exzerpte dieses Gespräches. Q: Welch ist auf Ihren Auslandsaussichten im Golf Guineas letzt? A: Wir erwarten, dass das Bohren in mindestens zwei der Blöcke im JDZ sehr kurz anfangen wird. Wir schauen auf das Bohren (mit Konsortium-Erdöl des Partners Addax) im Block 4 des JDZ, innerhalb von ungefähr sechs bis acht Monaten anfangend. Jedoch müssen wir in den notwendigen Verwahrungen stellen. Als im ganzen Bohren gibt es Los von Eventualitäten, die entstehen könnten, der diesen Terminplan durch ein kleines bisschen beiseite legen konnte. Der hohe Preis von Öl hat Ölfirmen, einschließlich wenig ERHC, des Themas von viel Fokus durch die Märkte gemacht. Der JDZ hat Menge von Interesse von der Ölgemeinschaft, wie Sie, und von der Presse natürlich wissen. Und wir erwarten, dass viel von diesem Interesse nicht nur wegen des prospectivity des Golfs Guineas selbst sondern auch wegen der gegenwärtigen hohen Ölpreise entsteht. Wir sind immer das reizvolle Thema von verschiedenen Sorten von Kapitalanlegern gewesen. Ich habe keine besondere Änderung im Volumen davon wegen der hohen Ölpreise gesehen. Q: Vor zwei Jahren fielen Bundesagenten das Houstoner Büro von ERHC über. Wie ist der Status dieser Untersuchung? A: Wir arbeiten noch mit den nachforschenden Behörden durch unsere Rechtsanwälte, Verwandten Gump zusammen. Es ist wirklich, wo wir stehen. Und Verwandter Gump hat zu den recherchierenden Körpern als Verbindungsmann fungiert, auf irgendwelche Fragen antwortend, die sie haben könnten. ERHC ist nicht die einzige zu untersuchende Gesellschaft. Es ist etwas, womit wir uns befassen müssen, aber ich denke einen Kapitalanleger, der auf das Endergebnis schaut, wird auf unsere Spur schauen registrieren und sehen, womit wir sehr wenig getan haben. Q: Ihre Tätigkeiten im Westlichen Afrika haben viel politische Meinungsverschiedenheit in S ã o Tomé aufgereizt. Beziehungen sind zuweilen ziemlich angespannt gewesen. A: Unsere Beziehungen mit der Regierung von S ã o Tomé seit 2001 sind herzlich gewesen. Wir traten in dieses Gebiet vor irgendjemandem anderem ein. Die Herausforderung, natürlich, das ich zu tun