Continental Focus, International Reach

ERHC Retains Deloitte Corporate Finance

Wednesday, December 10, 2014

ERHC Energy Inc. retained the services of Deloitte Corporate Finance (DCF) to advise on its oil assets in Chad and Kenya. According to the company the recent drop in global oil prices has prompted consolidation among oil exploration companies, and DCF will advise ERHC on matters related to possible JVs, alliances sales and/or divestitures on the Chad and Kenya licenses.

ERHC currently holds a 100% interest in Block BDS-2008 in southern Chad and a carried 35% interest in Block 11A in northwestern Kenya.

“These are challenging times for all oil exploration companies and we are leveraging DCF’s depth of skills and experience to support us in making decisions based on information that is constantly evolving,” said ERHC President and CEO Dr. Peter Ntephe. “We anticipate DCF’s involvement will be valuable as we pursue strategic options through access to their global network of corporate finance professionals around the world.”

Beyond its assets in Chad and Kenya, ERHC is also seeking new strategic investment into the company itself.

“The current valuation of ERHC presents an exceptional opportunity for equity investors to gain access to ERHC’s rich portfolio of licenses,” Ntephe said.


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