3rd Q Results Are In; Webcast Available

As ERHC Energy falls once again, the company has released its 3rd Quarter financial results. The company spent almost $3.4 million and increased its net loss as interest income fell.

A company Webcast remains available until Sept. 12, and a replay of the conference call is available for listeners today.

Here is the press release:

ERHC Energy Inc. Reports Third Quarter 2008 Financial Results

Aug 12, 2008 06:00:26 (ET)

HOUSTON, TX, Aug 12, 2008 (MARKET WIRE via COMTEX) -- ERHC Energy Inc. (ERHE, Trade ), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today reported financial results for the third quarter ended June 30, 2008.

As of June 30, 2008, ERHC reported cash assets totaling approximately $32.4 million, compared to approximately $35.7 million one year ago.

During the three months ended June 30, 2008, ERHC's interest income totaled $225,070. ERHC's net loss totaled $604,173, compared with a net loss of $587,219 for the three months ended June 30, 2007. General and administrative expenses during the third quarter totaled $820,462, which was a down nearly 24 percent from the third quarter of 2007.

"The Company has been prudent in its spending and has consistently been able to reduce its quarterly expenses during the past two years," said Chief Operating Officer and Acting Chief Executive Officer Peter Ntephe.

ERHC will hold a conference call at 8 a.m. Central Time today, August 12, 2008 to discuss third quarter financial results and Company operations. To participate, please dial 877-890-0968 (domestic) or 706-902-1710 (international) five to ten minutes before the call begins and reference the pass code 57619351. A simultaneous live Webcast of the call will be available over the Internet and will be accessible by going to www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4 and Entry Code: 8JR#pbw.

A replay of the call will be available at 10:00 a.m. Eastern Time through August 19, 2008 by dialing 800-642-1687 (domestic) or 706-645-9291 (international) and providing the following replay code: 57619351. In addition, the Webcast will be available for replay until September 12, 2008 by going to www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4 and Entry Code: 8JR#pbw.