ERHC Energy Inc. Stock Analysis ERHE

ERHC Energy, Inc. engages in the business of exploration and development of oil and gas reserves. The company is headquartered in Houston, Texas. The company went IPO on 2001-12-20. The firm is in the business of exploration for oil and gas in Africa. The firm's business includes working interests in exploration acreage in the Republic of Kenya (Kenya), the Republic of Chad (Chad), the Joint Development Zone (JDZ) between the Democratic Republic of Sao Tome and Principe (STP), the Federal Republic of Nigeria (FRN or Nigeria), and the exclusive economic zone of Sao Tome and Principe (the Exclusive Economic Zone (EEZ)). The firm has a Production Sharing Contract (PSC) on Block 11A with the Government of Kenya. As of September 30, 2016, the Block 11A consisted of 11,950.06 square kilometers or 2.95 million square acres. As of September 30, 2016, the Company had a PSC on the three oil blocks with the Government of Chad. As of September 30, 2016, the Company had 100% interest in the Block BDS 2008 in Chad. As of September 30, 2016, the Block BDS 2008 measured 41,800 square kilometers or 10,329,000 acres.