ERHC Energy Inc. is an independent oil and gas company. The Company focuses to maximize its value through exploration and exploitation of oil and gas reserves in the Gulf of Guinea offshore of central West Africa. It focus is to exploit its primary assets, which are rights to working interests in exploration acreage in the joint development zone (JDZ) and the exclusive economic zone (EEZ). The Company has entered into production sharing contracts with upstream oil and gas companies in these JDZ Blocks to assist the Company in exploring and developing its assets in the JDZ. As of September 30, 2008, ERHC Energy Inc. was exploring opportunities in other areas of the oil and gas industry. The Company focuses on exploiting its interests in Blocks 2, 3, 4, 5, 6 and 9. However, it has no current income other than interest income from cash investments generated from the sale of participation interests in Blocks 2, 3 and 4 to Sinopec and Addax Ltd.