Overview
ERHC Energy
Oil, out of Africa, is the hope of ERHC Energy (formerly Environmental Remediation Holding Corporation), an independent oil and gas company whose sole assets are two West African oil and gas exploration concessions: in the Joint Development Zone between the Sao Tome and Nigeria; and in the Exclusive Economic Zone in Sao Tome. ERHC is teaming up with larger oil and gas companies (such as Noble Energy and Pioneer Natural Resources) to help it develop
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Read More its holdings. The company is also hoping to acquire interests in high-potential non-producing international prospects in known oil producing areas. Former chairman and CEO Emeka Offor, the owner of Chrome Oil Services and Chrome Energy, controls about 40% of ERHC.
Read Less
Read More its holdings. The company is also hoping to acquire interests in high-potential non-producing international prospects in known oil producing areas. Former chairman and CEO Emeka Offor, the owner of Chrome Oil Services and Chrome Energy, controls about 40% of ERHC.
Read Less
Peter C Ntephe
See more contacts
Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas exploration services
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Oil field services, nec
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Gas field services, nec
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Modelled
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Actual
$2.21 million
Actual
$6
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OTC:ERHE
Contacts
Get in Touch with 1 Principals* and 7 Contacts
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Peter C NtephePresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Financial data as of March 24, 2024 (12 month period) in USD
Annual Revenue
$2.21 million
USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2016 | 2015 | 2014 |
|---|---|---|---|
| Net Operating Cash | -$5 | -$2 | -$7 |
| Net Investing Cash | $4 | $0 | $7 |
| Net Financing Cash | $0 | $1 | $1 |
| Net Change in Cash | -$0 | -$1 | $1 |
| Cash at Beginning of Period | $1 | $2 | $1 |
| Cash at End of Period | $0 | $1 | $2 |
| Capital Expenditure | -$1 | -$0 | -$0 |
| Assets (mil) | 2016 | 2015 | 2014 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0 | $1 | $2 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $0 | $0 | $1 |
| Asset Summary | |||
| Total Current Assets | $0 | $1 | $3 |
| Tangible Fixed Assets | $6 | $6 | $6 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $6 | $7 | $10 |
| Liabilities (mil) | 2016 | 2015 | 2014 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $9 | $1 | $0 |
| Short-Term Debt | $0 | $0 | $1 |
| Other Current Liabilities | $4 | $4 | $3 |
| Liability Summary | |||
| Total Current Liabilities | $13 | $5 | $4 |
| Long-Term Debt | $ | $0 | $0 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $13 | $5 | $5 |
| Stakeholder's Equity (mil) | 2016 | 2015 | 2014 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$114 | -$102 | -$96 |
| Equity Summary | |||
| Total Equity | -$7 | $3 | $5 |
| Shares Outstanding | 47,479,975 | 29,216,038 | 7,651,940 |