ERHC Energy Inc. Technical Partner to Take Possession of Drilling Rig This Week
Press Release
Source: ERHC Energy Inc.
On Wednesday August 19, 2009, 3:05 pm EDT
Companies:ERHC Energy Inc.
HOUSTON, TX--(Marketwire - 08/19/09) - ERHC Energy Inc.

http://finance.yahoo.com/news/ERHC-Energ...


(OTC.BB:ERHE - News), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that its technical partner, Sinopec Corp., will take possession of the SEDCO 702 semi-submersible drilling rig this week. The rig will be used to drill the Bomu-1 Prospect in Block 2 of the Joint Development Zone (JDZ) in which Sinopec is the operator and ERHC has a 22 percent interest.

"The Bomu-1 prospect is one of several prospects in JDZ Block 2 identified from 3-D seismic analysis and interpretation," said Peter Ntephe, chief operating officer with ERHC. "The work during the next 45 days or so will focus on a number of potential exploration targets at different depths and will considerably aid in understanding the geology and hydrocarbon potential of this and other prospects in the Block."

Sinopec has announced it will spud the Bomu-1 well before the end of August. The water depth is approximately 5,400 feet. Sinopec will drill to a total depth of approximately 11,600 feet subsea.

ERHC Energy has interests in six of the nine Blocks in the offshore Nigeria-S�o Tom� and Pr�ncipe Joint Development Zone. The Company has additional interests in the territorial waters of Democratic Republic of S�o Tom� & Pr�ncipe known as the Exclusive Economic Zone (EEZ).

About ERHC Energy

ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, 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.