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ERHC Presentation at Enercom's London Oil & Gas Conference


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ERHC was among 12 U.S. E&P and Oil Service companies that presented their stories to institutional investors, research analysts, private equity firms, commercial lenders, high net worth investors, and oil and gas industry professionals at Enercom’s London Oil & Gas Conference on Tuesday, June 11, 2013. Mr. Ntephe discussed the Company’s diverse portfolio of exploration assets stretching across the African continent and will highlight the progress being made toward eventual drilling.

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ERHC Presentation at Enercom's London Oil & Gas Conference

  1. 1. Central and WesternAfrica ExplorationEnercom London Oil & GasConference 2013
  2. 2. Introducing ERHC Energy Inc.• Valuable E&P assets in Sub-Saharan Africa• Incorporated in Colorado and based inTexas, USA• Publicly traded on the U.S. Over the CounterBulletin Board (OTCBB) – ERHE.OB• Market cap: ±$55 million – June 2013
  3. 3. Brief History• Through 2009– Primary focus on deepwater JDZ assets– Unexpected results from drilling in the JDZ• 2010 – Awarded two Blocks in Sao Tome &Principe EEZ• 2011 – Awarded three Blocks in Republic ofChad• 2012 – Awarded Kenya Block 11A
  4. 4. Uniqueness of ERHC• Home field advantage–Management and board connected with theregion–Significant investment by African businessinterests• Proven ability to secure quality assets• Record of securing technically and financiallycapable strategic partners
  5. 5. Republic of Kenya
  6. 6. Kenya Exploration AcreageERHC’s Block 11A• In NW Kenyaadjacent to borderwith South Sudan• Near intersection ofCretaceous andTertiary Rift systems• Significantproduction already inplace nearbyNgamia 1 and Twiga 1Discoveries
  7. 7. African Rift PlayThe trend consists ofnumerous basins andan associatedcomplex fault systemLokicharBasinThe proximity andin-trend relationshipbetween theLotikipi plane andthe Abu Gabra Riftbasins of southernSudan suggest highoil and gasprospectivity
  8. 8. Recent Developments• May 2013: Letter of Intent–ERHC in negotiations to farm-out part ofBlock 11A–Integrated international oil & gas company• June 2013: Relationship Building–ERHC delegation met with local leadersand community members
  9. 9. Enthusiastic Greeting!
  10. 10. Republic of Chad
  11. 11. NigerCNPC largest playerCurrent Production: ~17,000 bbl/dUnconfirmed EUR: 1.0 BlnbblContinue to exploreNdjamena RefineryOperator: CNPCCapacity: 20,000 bbl/d expandableto 60,000 bbl/dOnline Date: June 2011Supply: Block H Area II (CNPC)Block H Area IIOperator: CNPC (Former EnCana)Expected Production: ~17,000 bbl/dReserves (remaining): 85 MMbblOOIP: 700 mmbbl (CNPC)Continue to exploreChad/Cameroon PipelineOperator: ExxonCapacity: 225,000 bbl/dUtilization: 115,000 bbl/dDistance: 1,070 kmPort: Cameroon loadingExpandable by adding pump stationsRepublic of Chad•Proven Reserves are 1.5 Billion BblsSource International Petroleum Encyclopedia•Undeveloped Discoveries are 2.6 Billion Bbls, and 14.6 TCFof GasSource USGS, World Petroleum Resources ProjectSudan All FieldsKey Operators: CNPC & ConsortiumsCurrent Production: 465,000 bbl/dPeak Production: 538,000 bbl/d (2011)Reserves (remaining): 1.96 Bln bblsEUR: 3.0 Bln bblsKey basins: Muglad, MelutWells Drilled: 300Commercial & Technical Success: 60%Greater Nile Oil ProjectOperator: GNPOC (Formerly Arakis)Current Production: 203,000 bbl/dPeak Production: 300,000 bbl/d (2004)Reserves (remaining): 662 MMbblEUR: 1.49 Bln bblChari Ouest - Doba BasinOperator: Exxon (Esso)Current Production: 115,000 bbl/dPeak Production: 220,000 (2004)Reserves (remaining): 462 MMbblEUR: 795 mmbblERHC BLOCKS
  12. 12. African Rift PlayRecent discoveriesinclude Tullow’s#1 Ngamia inKenya and OPIC’s#1 Benoy in Chad.The African RiftPlay is one of thehottest trends inglobal oilexploration.
  13. 13. ERHC BDS 2008 “Lead A”ESSO CHARI EAST - DOSEOEsso Tega #1 – 8 MMBOESSEERHC Lead APTD 12800’ MDNNW1st Derivative RTE Magnetic MapERHC BDS 2008
  14. 14. Similarity between ERHC Chad assetand Tullow Ngamia 1 discoveryTullow OilKenyaChad
  15. 15. Chad Infrastructure
  16. 16. São Tomé and PríncipeExclusive Economic Zone
  17. 17. ERHCBlock 11ERHCBlock 4
  18. 18. Fairway PlaysCross section from Príncipe to Equatorial Guinea MarginCretaceous and Tertiary sands from the continental margin extendover the continental crust into the São Tomé EEZ
  19. 19. Similarity to Jubilee FieldCretaceous Turbidite/Fan Plays Offshore Ghana
  20. 20. Nigeria - São Tomé andPríncipe JointDevelopment Zone
  21. 21. Joint Development Zone betweenNigeria and Sao Tome e Principe
  22. 22. Migration Pathway
  23. 23. Summary
  24. 24. ERHC = African Growth PlayERHC provides a transparent vehicleto invest in Sub-Saharan Africa sectorwith high returns– 2010-2013 regions’ GDP grew>5% annually– Main stock markets rose >50%in past year– Home to six of 10 fastestgrowing economies
  25. 25. ERHC Value PropositionThe market cap and asset value curve depicted is merely for illustrationpurposes. Actual results may vary.
  26. 26. Excellent Opportunity1. Invest directly in ERHC’s assets throughfarm-in2. Acquire equity in specific asset-holdingsubsidiary3. Invest in ERHC’s diverse asset portfoliothrough equity in parent company