ERHC Energy, Inc. (OTC:ERHE) has announced its negotiations are underway to expand its presence in the oil and gas industry in Nigeria. The company has signed a non-binding Memorandum of Understanding with Circle Ltd. and Excel Exploration and Production Ltd. in the hopes of negotiating an investment and acquisition of two working interests in the Eremor Marginal Field.
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Based in Houston, ERHC is engaged in the exploration and development of marginal oil and gas fields. The company is in production sharing contracts with oil and gas companies in the JDZ Blocks to aid in the exploration and development of assets in the JDZ. The company’s focus is currently on the exploitation of interests in Blocks 2,3,4,5,6, and 9.
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