ERHC Energy (OTCBB: ERHE) announced its year-end results for fiscal 2011, which ended September 30, 2011. At year-end 2011, ERHC had cash, cash equivalents, and treasury bills totaling approximately $12,144,597, and virtually no debt. During the 2011 fiscal year, ERHC's general and administrative expenses totaled $4,414,630, which represented a 14% decrease compared to fiscal 2010.
OAG360 Comments:
Fiscal 2011 was an expansion year for ERHC Energy. The company made the move onshore to The Republic of Chad, nearly doubling its corporate acreage ...


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