OilVoice - ERHC Energy Seeks Listing on AIM Market of the LSE

ERHC Energy Seeks Listing on AIM Market of the LSE

Wednesday, January 20, 2010

ERHC Energy Inc., a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, announces that it has commenced the process of seeking a listing on the AIM Market of the London Stock Exchange.

ERHC has appointed Strand Hanson Limited to act as its Nominated Adviser (Nomad) in connection with its proposed AIM listing. Strand Hanson has been engaged to manage ERHC's flotation process and, after flotation, to act as Nomad and financial advisor to ERHC on compliance with AIM Rules, general corporate governance and broader corporate strategy relating to equity capital markets and mergers and acquisitions.

Consistently ranked as a leading adviser to the FTSE AIM 100, Strand Hanson has acted on a significant number and range of transactions. In the past five years, it has been involved in numerous primary and secondary fund raisings and advised on M&A transactions with an aggregate transaction value of circa £4.85 billion.

AIM is among the world's leading markets for growing companies. Since its launch in 1995, over 3,000 companies have joined AIM, collectively raising more than $90 billion.

"After last year's landmark achievements in exploration of Nigeria - Sao Tome and Principe Joint Development Zone ("JDZ") Blocks 2, 3 and 4, in which the Company has interests, our seeking to list on AIM represents another important milestone in our progress," said Peter Ntephe, ERHC's chief operating officer. "AIM is one of the world's most successful growth markets and ERHC looks to enhance shareholder value by attracting institutional investors and reaping the benefits of being quoted and traded at the heart of the international finance community in London."

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