ERHC Presentation at Enercom's London Oil & Gas Conference
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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.
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ERHC Presentation at Enercom's London Oil & Gas Conference
- 1. Central and Western Africa Exploration Enercom London Oil & Gas Conference 2013
- 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
- 10. Republic of Chad
- 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
- 14. Similarity between ERHC Chad asset and Tullow Ngamia 1 discovery Tullow Oil Kenya Chad
- 16. São Tomé and Príncipe Exclusive Economic Zone
- 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
- 19. Similarity to Jubilee Field Cretaceous Turbidite/Fan Plays Offshore Ghana
- 20. Nigeria - São Tomé and Príncipe Joint Development Zone
- 21. Joint Development Zone between Nigeria and Sao Tome e Principe
- 23. Summary
- 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
Notes de l'éditeur
- 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