ERHC Energy Inc. Issues November 2015 Shareholder Update - Seite 3

c) The key elements of a working petroleum system are proven to occur within the study area from the available well data.

d) Numerous structural and stratigraphic leads have been identified and evaluated in the area of study using this integrated geoscience workflow. A number of undrilled leads with similar geological and structural characteristics to known discoveries have been identified. In some of the identified structural leads there is the potential for the occurrence of stacked reservoirs, which could provide enhanced hydrocarbon trapping opportunities.

e) This process has provided clues about the unexpected results of the previous drilling campaign (involving five deepwater wells in 2009-2010) and how future campaigns might yield the desired results.

f) There has been emergent interest by prospective new operators/partners in the JDZ Blocks following PGS' completion of data integration and analysis.

g) ERHC holds interests in JDZ Blocks 2, 3, 4, 5, 6 and 9.

6. Oil & Gas Industry

a) The industry remains in a challenging environment regarding crude oil prices.

b) We have responded by significantly streamlining operations, cutting costs and reviewing business strategies aimed at realizing the value of our oil and gas assets.

c) ERHC's management and board believe the reverse stock split proposal being considered at the special meeting of shareholders on December 15th will be an important step in putting the Company on a path toward a positive future.

We thank you for your continued interest in ERHC.

Sincerely,

Peter Ntephe
President and Chief Executive Officer

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.