Erhc August Conf Call Final

Loading...

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

0 comments

Post a comment

    Post a comment
    Embed Video
    Edit your comment Cancel

    Notes on slide 1

    SLIDE1 (Title Slide)

    Favorites, Groups & Events

    Erhc August Conf Call Final - Presentation Transcript

    1. Third Quarter 2008 Presented August 12, 2008 By Peter Ntephe Chief Operating Officer, Acting President and CEO
    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 the Senate Subcommittee investigation, developments in the SEC investigation of the Company 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 this press release. 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. Introductions Financials Milestones Priorities Summary Questions
    3. Presenter: Peter Ntephe
      • ERHC Energy Inc. Chief Operating Officer, Acting President and Chief Executive Officer
      • Also:
      • James Ledbetter, V.P. Technical
      • David Bovell, V. P. Corporate Development
      • Deon Warner, Mike Madigan and Michael Fitzpatrick, Legal Advisors
      Introductions Financials Milestones Priorities Summary Questions
    4. Financial Performance Highlights
      • Cash assets total $32.4 million
      • Reduced general and administrative expenses by $250,000 (24%)
      • Tight cost controls helping ERHC to remain financially stable
      • Net loss for the quarter of $603,525
      Introductions Financials Milestones Priorities Summary Questions
    5. Careful Stewardship of Cash Reserves (millions) 2006 2007 2008 $32.4 million Introductions Financials Milestones Priorities Summary Questions
    6. Operating Costs and Expenses (thousands) 2006 2007 2008 Lowest since FY 2005 Introductions Financials Milestones Priorities Summary Questions
    7. Year to Year Comparison: Third Quarter Operating Costs and Expenses (thousands) Introductions Financials Milestones Priorities Summary Questions
    8. Recent Operational Milestones
      • Annual Shareholder’s Meeting
      • Delivered presentations to investment community in the U.S. and London
      • Participated in business forum in Sao Tome and Principe regarding JDZ
      • Clarified interests in JDZ Block 4
      • Secured JDA approval of drilling location in JDZ Block 2
      Introductions Financials Milestones Priorities Summary Questions
    9. Drilling Location: JDZ Block 2 Block 2 Renamed “Bomu” Introductions Financials Milestones Priorities Summary Questions
    10. Drilling Location: JDZ Block 2 Block 2 Renamed “Bomu” Introductions Financials Milestones Priorities Summary Questions
    11. Fourth Quarter and Beyond
      • Preparing for Aban Abraham christening
      • Supporting technical partners in efforts to secure rig of opportunity
      • Pursuing growth strategy
      Introductions Financials Milestones Priorities Summary Questions
    12. Aban Abraham Status Introductions Financials Milestones Priorities Summary Questions
    13. Rig of Opportunity Status
      • Addax Petroleum continues its search for a rig of opportunity
      • The first drilling location would be the Kina prospect in JDZ Block 4
      • We will look to the operators of each of the Blocks to make the relevant announcements.
      Introductions Financials Milestones Priorities Summary Questions
    14. Growth Strategy
      • Exploring opportunities for listing or acquiring a subsidiary listed on an appropriate Exchange
      • Evaluating revenue-producing assets for potential acquisition
      • Seeking revenue stream, asset diversification and risk management
      Introductions Financials Milestones Priorities Summary Questions
    15. Summary
      • Operational improvements helping to conserve cash
      • Reaching numerous short-term and long-term milestones
      • Remain optimistic about drilling in JDZ
      • Focus remains on maximizing shareholder value
      Introductions Financials Milestones Priorities Summary Questions
      • Questions?
      Introductions Financials Milestones Priorities Summary Questions

    + Dan KeeneyDan Keeney, 2 years ago

    custom

    1332 views, 0 favs, 4 embeds more stats

    Third Quarter 2008 Conference Call Presentation for more

    More info about this document

    © All Rights Reserved

    Go to text version

    • Total Views 1332
      • 1245 on SlideShare
      • 87 from embeds
    • Comments 0
    • Favorites 0
    • Downloads 11
    Most viewed embeds
    • 82 views on http://www.erhc.com
    • 3 views on http://erhc.com
    • 1 views on http://74.125.45.104
    • 1 views on http://209.85.171.104

    more

    All embeds
    • 82 views on http://www.erhc.com
    • 3 views on http://erhc.com
    • 1 views on http://74.125.45.104
    • 1 views on http://209.85.171.104

    less

    Flagged as inappropriate Flag as inappropriate
    Flag as inappropriate

    Select your reason for flagging this presentation as inappropriate. If needed, use the feedback form to let us know more details.

    Cancel
    File a copyright complaint
    Having problems? Go to our helpdesk?

    Categories