- Business
- ERHC Energy Inc. (ERHE) engages in oil and gas exploration and exploitation across Sub-Saharan Africa, holding working interests in onshore and offshore blocks including Block 11A in Kenya's Lotikipi Basin, Block BDS 2008 in Chad, six blocks in the Nigeria-São Tomé and Príncipe Joint Development Zone, and Block 4 in São Tomé and Príncipe's Exclusive Economic Zone. The independent oil and gas company, founded in 1986 and headquartered in Houston, Texas, focuses on high-impact exploration in prospective basins adjacent to major discoveries, with core activities encompassing seismic surveys, geophysical studies, prospect identification, and drilling partnerships. ERHC targets hydrocarbon resources through risk-balanced strategies in East Africa and the Gulf of Guinea, serving institutional investors via its OTC Pink listing. Recent developments include seismic acquisitions on Côte d'Ivoire's CI-513 permit and participations in Nigeria's OPL 236 and Gabon's G-4 and G-11 licenses to upgrade resource estimates; earlier farmouts such as the 2014 Block 11A agreement with CEPSA retaining ERHC's 35% interest and 2016 operator transfer to Kosmos Energy in São Tomé's EEZ Block 11 position the company for mergers, acquisitions, and commercialization.