ERHC Energy Inc. Reports Second Quarter 2011 Financial Results

HOUSTON, TX--(Marketwire - May 9, 2011) - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, has announced its results for the quarter ending on March 31, 2011, of ERHC's current financial year.

As of March 31, 2011, ERHC reported $17,225,649 in cash, cash equivalents and short-term investments, and virtually no debt.

During the second quarter of its financial year, ERHC's general and administrative expenses totaled $1,030,474 which represented a decrease of more than 17 percent compared to the same period in 2010. The decrease occurred as a result of the Company's ongoing effort to reduce operating expenses and was due primarily to a reduction in legal and consulting expenses.

ERHC holds working interests in Blocks 2, 3, 4, 5, 6 and 9 of the Nigeria-Sao Tome and Principe Joint Development Zone ("JDZ"). ERHC also holds 100 percent working interests in Blocks 4 and 11 of the Sao Tome and Principe Exclusive Economic Zone ("EEZ") with an option to acquire up to 15 percent working interests in two more Blocks in the EEZ.

ERHC has scheduled an Investor Conference Call for Tuesday, May 10, 2011 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). To participate, please dial 877-309-0830 (domestic) or 716-247-5185 (international) five to ten minutes before the call begins and reference the pass code 62093492.

Audio will also be available online by clicking to