ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has completed its airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A in northwestern Kenya. Bell Geospace, which flew the FTG on ERHC’s behalf, acquired a total 14,943.8 line kilometers.
ERHC is already advanced in the process of awarding the contract for a 2D seismic survey of at least 1,000 kilometers in the Block in compliance with the work program. The seismic survey, expected to commence within this quarter, will be premised on structural mapping of prospective basins enabled by the FTG survey.
Shortly after the FTG survey commenced, the Company announced that preliminary results confirmed that the Lotikipi basin extends into Block 11A. Final results are expected to significantly advance the exploration team’s understanding of the internal structure of the Lotikipi rift basin and enable the identification of the most prospective areas.
ERHC is the operator of Block 11A, which encompasses approximately 11,950 square kilometers or 2.95 million acres, and 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 considerations, is pending approval from the government of the Republic of Kenya.
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).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its stockholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production.
