DALLAS, July 23, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring ERHC Energy Inc. (OTCBB:ERHE). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on ERHC Energy Inc. (OTCBB:ERHE) should be of particular interest to comparable companies: Infinity Energy Resources Inc. (Pink Sheets:IFNY), Hyperdynamics Corp. (AMEX:HDY), Capital City Energy Group Inc. (Pink Sheets:CETG) and Delek Resources Inc. (Pink Sheets:DLKR).
It is available at: http://www.stockpreacher.com/n/ERHE
ERHC Energy Inc. (ERHE) engages in the exploration and exploitation of oil and gas reserves in the Gulf of Guinea offshore of central West Africa. It has rights to working interests in exploration acreage in the Joint Development Zone (JDZ) between the Democratic Republic of Sao Tome & Principe and the Federal Republic of Nigeria, as well as in the territorial waters of Sao Tome.
In the report, the analyst notes:
"As of September 30, 2008, the Houston-based independent oil and gas company was exploring opportunities in other areas of the oil and gas industry. The Company focuses on exploiting its interests in Blocks 2, 3, 4, 5, 6 and 9. However, it has no current income other than interest income from cash investments generated from the sale of participation interests in Blocks 2, 3 and 4 to Sinopec and Addax Ltd.
"Addax is the operator of JDZ Block 4, in which ERHE has a 19.5% interest. According to a Resources Assessment report released by independent engineering firm Netherland, Sewell & Associates Inc. (NSAI) in February, ERHE's unrisked prospective resources in JDZ Block 4 totaled 231.6 million barrels of oil and 245 billion cubic feet of natural gas (P50)."
To read the entire report visit: http://www.stockpreacher.com/n/ERHE
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