HOUSTON -- ERHC Energy Inc. (OTC.BB: ERHE.OB), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, on Jan. 12 announced the promotion of Sylvan Odobulu to Vice President (Administration) and Controller.
The Company also formally set the date for its Annual Shareholder's Meeting for Tuesday, April 24, 2012. ERHC's Annual Shareholder's Meeting will be held in Houston. Stockholders of ERHC as of the record date, which will be fixed for the meeting, will be entitled to receive notice of and vote at the Annual Shareholder's Meeting.
In his new role, Odobulu will direct ERHC's administrative, procurement and logistics activities as well as continue to serve as the Company's principal accounting officer. He is responsible for ERHC's finance function, regulatory and disclosure matters, accounting, payroll, tax and audit matters, including liaison with external auditors, maintenance of financial controls, as well as serving as liaison with various governmental and regulatory agencies. Odobulu has served as Controller and Head Office Administrator of ERHC Energy since 2006.
"Mr. Odobulu has been instrumental in successfully executing ERHC's strategy of growing and diversifying the Company's assets while carefully controlling administrative costs," said ERHC President and CEO Peter Ntephe. "We count on his continued contributions as we work to secure additional assets to complement our existing, high quality portfolio and advance ERHC's evolution into a multi-asset company with both offshore and onshore interests."
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production.
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