Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 5444 Westheimer Road, Suite 1000 #181 HOUSTON TX 77056 |
Tel: | N/A |
Website: | https://www.erhc.com |
IR: | See website |
Key People | ||
Peter C. Ntephe President, Chief Executive Officer, Director | Sylvan Odobulu Vice President - Administration, Principal Accounting Officer, Controller |
Business Overview |
ERHC Energy Inc. is an oil and gas company. The Company is in the business of exploration for oil and gas in Africa. The Company's business includes working interests in exploration acreage in the Republic of Kenya (Kenya), the Republic of Chad (Chad), the Joint Development Zone (JDZ) between the Democratic Republic of Sao Tome and Principe (STP), the Federal Republic of Nigeria (FRN or Nigeria), and the exclusive economic zone of Sao Tome and Principe (the Exclusive Economic Zone (EEZ)). The Company has a Production Sharing Contract (PSC) on Block 11A with the Government of Kenya. As of September 30, 2016, the Block 11A consisted of 11,950.06 square kilometers or 2.95 million square acres. As of September 30, 2016, the Company had a PSC on the three oil blocks with the Government of Chad. As of September 30, 2016, the Company had 100% interest in the Block BDS 2008 in Chad. As of September 30, 2016, the Block BDS 2008 measured 41,800 square kilometers or 10,329,000 acres. |
Financial Overview |
For the nine months ended 30 June 2017, ERHC Energy Inc revenues increased from $0K to $55K. Net loss decreased 24% to $2.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Exploration costs decrease of 76% to $747K (expense), General and administrative expenses decrease of 48% to $933K (expense). |
Employees: | 9 as of Sep 30, 2014 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $0.36M as of Jun 30, 2017 |
Annual revenue (TTM): | $0.05M as of Jun 30, 2017 |
EBITDA (TTM): | -$9.71M as of Jun 30, 2017 |
Net annual income (TTM): | -$11.14M as of Jun 30, 2017 |
Free cash flow (TTM): | -$1.53M as of Jun 30, 2017 |
Net Debt Last Fiscal Year: | $0.07M as of Jun 30, 2017 |
Shares outstanding: | 2,879,442,094 as of Jun 30, 2017 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |