ERHC Energy Inc. Awards Contract for 2D Seismic Survey in Kenya Block 11A
ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that its wholly owned subsidiary, ERHC Energy Kenya Limited, has awarded BGP Kenya Limited a contract to conduct a 2D seismic survey of Block 11A in northwestern Kenya. ERHC intends the seismic survey to commence in early spring.
BGP, one of the world’s leading geophysical service companies, was chosen from a shortlist of several companies that met the strict criteria for conducting a 2D seismic survey of at least 1,000 line kilometers in the Block in compliance with the Company’s work program. BGP has completed similar surveys in numerous Blocks throughout Kenya.
Seismic surveys are used to identify drilling targets. ERHC’s 2D seismic survey in Block 11A will be premised on structural mapping of prospective basins enabled by ERHC’s recently completed FTG survey of the Block. The FTG survey covered 14,943.8 line kilometers of the Block.
Block 11A is located to the northwest of the Lokichar Basin where the significant Ekales-1, Ngamia-1 and Twiga South-1 oil discoveries were drilled. A farm-out agreement with a renowned integrated oil and gas company, which includes a carry and other consideration, is pending final regulatory approval.
In addition to Kenya Block 11A, ERHC’s oil and gas exploration interests extend across the African continent, including the Republic of Chad, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Nigeria- São Tomé and Príncipe Joint Development Zone (JDZ).
Those with questions are encouraged to reference the Company’s SEC filings, which are available at http://erhc.com/secfilings/ or contact Daniel Keeney, ERHC’s investor relations representative, at firstname.lastname@example.org.
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