Post Tagged with: "Chad"

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Court decision would see Exxon pay Chad nearly seven-times the country’s GDP in penalties

A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) …

ERHC Energy Inc. Raising Funds to Accelerate East Africa Exploration

ERHC Energy Inc. Raising Funds to Accelerate East Africa Exploration

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last year, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks in …

December 17, 2012 - 8:10 pm Oil and Gas 360 Articles

ERHC Building Capital Foundation for Future Exploration Potential

In an effort to increase capital availability and financial flexibility, ERHC Energy (OTCBB: ERHE) announced its Board of Directors approved resolutions amending the company’s Restated Articles of Incorporation to increase the number of authorized shares and to create or issue …

August 23, 2012 - 3:12 pm Finance, Oil and Gas 360 Articles, OPEC
ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Energy Inc. (OTCBB: ERHE) updated shareholders on the company’s continued operations in Sub-Saharan Africa. The company is actively pursuing two offshore zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Joint Development Zone (JDZ), and has …

March 27, 2012 - 10:04 pm Oil and Gas 360 Articles
ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Inc. (OTCBB: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. The company reported fiscal Q1’12 results for the quarter ended December 31, 2012 on February 9, 2012.

ERHC had cash and …

February 13, 2012 - 10:12 pm Oil and Gas 360 Articles, OPEC

ERHC Energy Makes Leap Onshore Africa; Announcement Closely Follows Official Extension of Phase 1 Exploration in the Joint Development Zone

ERHC Energy Inc. (OTCBB: ERHE) announced the company was awarded three oil blocks for exploration and development from the Republic of Chad. A production sharing contact (PSC) is expected as early as next week.

The specific blocks in the award …

July 1, 2011 - 10:24 pm International, Oil and Gas 360 Articles, OPEC