2. 2
Peter Ntephe, PhD
• President and CEO of ERHC Energy Inc.
• Career spanning 25 years, in the public and private
sectors.
• Involved in ERHC’s executive management since 2001.
• Key roles in the negotiation, securing and maintenance
of ERHC’s oil and gas interests in sub-Saharan Africa
• Member of the Association of International Petroleum
Negotiators (AIPN) and the Committee on Oil and Gas
Law of the International Bar Association.
3. Introducing ERHC
• U.S. Public Company
– Regulated by U.S. SEC; based in Houston
– Shares trade on the OTCQB marketplace
(OTCQB:ERHE)
– Market Capitalization: $49m (June 2014)
– Issued Shares: 764.8m
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4. ERHC Exploration Assets
• Sao Tome & Principe EEZ
• Blocks 4 and 11
• Nigeria-Sao Tome & Principe JDZ
• Blocks 2, 3, 4, 5, 6 and 9 (working interests)
• Kenya
• Block 11A
• Chad
• Blocks BDS 2008
• Small Equity Stake
• In Toronto-listed Oando Energy Resources (TSX: OER)
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6. Historical Milestones
• 1997: Exclusive Agreement with STP
– 25 year term
– Over 50% of net revenues from all STP oil production in return for
• Mapping STP maritime boundaries and delineating Exclusive Economic Zone
• Developing STP oil industry, including establishing national oil company and licensing oil rights
• One-time payment of $5million
• 1997-1999: ERHC does the following:
– Pays $5 million
– Maps maritime boundaries and delineates EEZ
– Establishes national oil company (JV with government)
– Contracts for seismic acquisition
• 1999-2003: ERHC and STP renegotiate Agreement until:
– ERHC gives up all previous rights and entitlements in return for preferential minority rights in
• 6 offshore blocks in the Nigeria-STP Joint Development Zone (JDZ)
• 4 offshore blocks in the STP EEZ
• 2004: ERHC exercises preferential minority rights in the JDZ
• 2005-2006: ERHC teams up with International Operators to acquire additional rights (by
competitive bidding) in JDZ Blocks 2, 3 and 4
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7. Historical Milestones
• 2006 -2009: Pre-drilling Activities
– Geological and Geophysical Work
– Preparation for drilling and contracting of drillship
and rig
• 2009-2010: Drilling
7
Well Block Total Depth
Kina-1 JDZ Block 4 3,750m
Bomu-1 JDZ Block 2 3,580m
Lemba–1 JDZ Block 3 3,758m
Malanza-1 JDZ Block 4 4,196m
Oki East-1 JDZ Block 4 3,873m
11. 11
EEZ Hydrocarbon
Resource Potential
• Main reservoir horizons:
– Deep water Paleogene and
Cretaceous submarine fan sands
derived from the east
– Potential pre-rift and syn-rift
reservoirs in Cretaceous tilted fault
blocks and associated graben
• Large structural closures
within the Cretaceous section
apparently resulted from the
presence of large faults
associated with the major NE-
trending fracture zones
13. EEZ Seismic Prospects Example
(Courtesy of British Geological Survey)
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Example of deep water fans and drape anticline
over Cretaceous fault closure
26. Summary
• Small Independent
• Sao Tome & Principe is important part of
ERHC’s heritage
• Formed JDZ exploration team that drilled in
JDZ Blocks 2, 3 and 4
• A positive force in building interest in STP’s
oil zones
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