erhc energy inc. presentation at 19th western africa oil, gas & energy conference 2013
DESCRIPTION
This is the presentation delivered by ERHC Energy Inc. President and CEO Peter Ntephe at the 19th Western Africa Oil, Gas & Energy Conference 2013, held in Windhoek on April 23, 2013.TRANSCRIPT
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Central and Western Africa Exploration
19th Western Africa Oil/Gas & Energy Conference 2013
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Introducing ERHC Energy Inc.
• Valuable E&P assets in Sub-Saharan Africa• Incorporated in Colorado and based in Texas,
USA• Publicly traded on the U.S. Over the Counter
Bulletin Board (OTCBB) – ERHE.OB• Market cap: ±$50 million – April 2013
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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 of Chad
• 2012 – Awarded Kenya Block 11A
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Uniqueness of ERHC
• Home field advantage–Management and board connected with the
region– Significant investment by African business
interests• Proven ability of securing quality assets• Proven record of attracting technically and
financially capable strategic partners
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Exploration Strategy:African Rift Play
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African Rift Play
Recent discoveries include Tullow’s #1
Ngamia in Kenya and OPIC’s #1 Benoy in
Chad.
The African Rift Play is one of the hottest trends in global oil
exploration.
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African Rift Play
The trend consists of numerous basins and
an associated complex fault system
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Republic of Chad
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NigerCNPC largest playerCurrent Production: ~17,000 bbl/dUnconfirmed EUR: 1.0 BlnbblContinue to explore
Ndjamena 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 explore
Chad/Cameroon PipelineOperator: ExxonCapacity: 225,000 bbl/dUtilization: 115,000 bbl/dDistance: 1,070 kmPort: Cameroon loadingExpandable by adding pump stations
Republic of Chad•Proven Reserves are 1.5 Billion Bbls
Source International Petroleum Encyclopedia•Undeveloped Discoveries are 2.6 Billion Bbls, and 14.6 TCF of Gas
Source USGS, World Petroleum Resources Project
Sudan 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 bbl
Chari Ouest - Doba BasinOperator: Exxon (Esso)Current Production: 115,000 bbl/dPeak Production: 220,000 (2004)Reserves (remaining): 462 MMbblEUR: 795 mmbbl
ERHC BLOCKS
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Block BDS 2008, Chad
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ERHC Leads in Chad
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Opic Benoy #1 Discovery, Chad
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Chad Infrastructure
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Chad Work Plans
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Republic of Kenya
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Similarity between Rift Margin play in Kenya and Chad
Tullow OilKe
nya
Chad
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Tullow #1 Ngamia Discovery, Kenya
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ERHC BDS 2008 “Lead A”
ESSO CHARI EAST - DOSEO
Esso Tega #1 – 8 MMBOE
SSE
ERHC Lead APTD 12800’ MD
NNW
1st Derivative RTE Magnetic Map
BDS 2008
ERHC BDS 2008
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São Tomé and Príncipe Exclusive Economic Zone
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ERHCBlock 11
ERHCBlock 4
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Fairway Plays
Cross section from Príncipe to Equatorial Guinea Margin Cretaceous and Tertiary sands from the continental margin extend over
the continental crust into the São Tomé EEZ
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Similarity to Cretaceous Turbidite/Fan Plays Offshore Ghana
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Nigeria - São Tomé and Príncipe Joint
Development Zone
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Joint Development Zone between Nigeria and Sao Tome e Principe
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Migration Pathway
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Closing
• Exciting Prospectivity in West and Central Africa
• Opportunities onshore and offshore• ERHC is an established player and potential
partner• Visit: www.erhc.com
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Central and Western Africa Exploration
19th Western Africa Oil/Gas & Energy Conference 2013