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www.erhc.com



1
Cautionary Statement



Statements during this presentation may concern 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 U.S. governmental authority 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 hereof. 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.




   2
2012 Management
                           Presentation


•   Legal developments
•   Oil and gas assets
•   Short-term management priorities
•   Long-term management plans
•   Financial matters
•   Q&A

3
Legal Developments


• ERHC has received letters from the following:
   – Securities and Exchange Commission - Investigation is
     closed and no action to be taken
   – Department of Justice - Investigation is closed and no
     action is to be taken
• Similar confirmation from Senate Permanent Subcommittee
  on Homeland Security - ERHC has fully satisfied
  subpoenas and no further action being taken

4
Oil and Gas Assets

5
Oil and Gas Assets


• Republic of Chad
• São Tomé & Principe Exclusive
  Economic Zone (EEZ)
• Nigeria - São Tomé & Principe
  Joint Development Zone (JDZ)
• Exile Resources

6
7
São Tomé &
Principe EEZ
 8
Joint Development
                 Zone




9
Exile Resources


• ERHC acquired 7.35 percent stake in ERI
• Oando PLC and Exile later announced a proposed
  reverse merger
• The merger has not been completed
• Completion is subject to conditions including the
  approval of the Toronto Stock Exchange and other
  regulatory approvals

10
Short-Term
      Priorities

11
Short Term Priorities


• Commence Chad exploration (with or without
  farm-in partners)
• Advance ERHC’s interests in the JDZ
• Complete PSC negotiations in the EEZ
• Secure farm-in partner(s) for the EEZ assets


12
Long-Term Plans

13
Long-Term Plans


• Acquire more Assets and Build a Diversified
  Portfolio across the E&P life cycle
• Transition the Company or a Subsidiary to an
  International Exchange
• Secure New Strategic Partners and Insitutional
  Investors

14
Financial Matters

15
Financial Status


• Through Q1 2012
     – Through December 31, 2011, ERHC had cash, cash
       equivalents and treasury bills totaling $11.9 million
     – The Company has virtually no debt
     – During the first quarter, ERHC’s G&A expenses totaled
       $1.04 million
     – G&A expenses decreased approximately 15 percent from
       the first quarter of fiscal 2011

16
Fund Raising Plans


• Monetizing a portion of assets
     – JDZ model
• Listing and equity raises
• Strategic new investors



17
Questions and
       Answers

18
www.erhc.com



19

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Management Presentation following ERHC Energy Inc. Annual Meeting of Shareholders

  • 2. Cautionary Statement Statements during this presentation may concern 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 U.S. governmental authority 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 hereof. 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. 2
  • 3. 2012 Management Presentation • Legal developments • Oil and gas assets • Short-term management priorities • Long-term management plans • Financial matters • Q&A 3
  • 4. Legal Developments • ERHC has received letters from the following: – Securities and Exchange Commission - Investigation is closed and no action to be taken – Department of Justice - Investigation is closed and no action is to be taken • Similar confirmation from Senate Permanent Subcommittee on Homeland Security - ERHC has fully satisfied subpoenas and no further action being taken 4
  • 5. Oil and Gas Assets 5
  • 6. Oil and Gas Assets • Republic of Chad • São Tomé & Principe Exclusive Economic Zone (EEZ) • Nigeria - São Tomé & Principe Joint Development Zone (JDZ) • Exile Resources 6
  • 7. 7
  • 10. Exile Resources • ERHC acquired 7.35 percent stake in ERI • Oando PLC and Exile later announced a proposed reverse merger • The merger has not been completed • Completion is subject to conditions including the approval of the Toronto Stock Exchange and other regulatory approvals 10
  • 11. Short-Term Priorities 11
  • 12. Short Term Priorities • Commence Chad exploration (with or without farm-in partners) • Advance ERHC’s interests in the JDZ • Complete PSC negotiations in the EEZ • Secure farm-in partner(s) for the EEZ assets 12
  • 14. Long-Term Plans • Acquire more Assets and Build a Diversified Portfolio across the E&P life cycle • Transition the Company or a Subsidiary to an International Exchange • Secure New Strategic Partners and Insitutional Investors 14
  • 16. Financial Status • Through Q1 2012 – Through December 31, 2011, ERHC had cash, cash equivalents and treasury bills totaling $11.9 million – The Company has virtually no debt – During the first quarter, ERHC’s G&A expenses totaled $1.04 million – G&A expenses decreased approximately 15 percent from the first quarter of fiscal 2011 16
  • 17. Fund Raising Plans • Monetizing a portion of assets – JDZ model • Listing and equity raises • Strategic new investors 17
  • 18. Questions and Answers 18