ERHC retains Deloitte as strategic advisor on its assets in Sub-Saharan Africa
Sub-Saharan Africa oil and gas explorer ERHC Energy has announced it has retained the services of Deloitte Corporate Finance LLC (DCF) to advise on the Company’s oil assets in the Republics of Chad and Kenya.
Deloitte will advise ERHC on matters related to possible joint ventures, alliances sales and/or divestitures on the Chad and Kenya licenses at a time where the drop in global oil prices has prompted consolidation among oil exploration companies.
According to ERHC President and CEO Dr. Peter Ntephe Deloitte will help also ERHC access global network of corporate finance professionals around the world.
“These are challenging times for all oil exploration companies and we are leveraging DCF’s depth of skills and experience to support us in making decisions based on information that is constantly evolving,” said Dr. Ntephe.
ERHC currently holds a 100 percent interest in Block BDS-2008 in Southern Chad and a carried 35 percent interest in Block 11A in Northwestern Kenya bordering Uganda and Southern Sudan.
Beyond its assets in Chad and Kenya, ERHC also is seeking new strategic investment into the company itself.
“The current valuation of ERHC presents an exceptional opportunity for equity investors to gain access to ERHC’s rich portfolio of licenses,” Ntephe added.
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage.