ERHC Energy Inc (ERHE)

[Southern Man]

Got to love the optism...

JDZ aims for
production in 18
months
The Joint Development Zone (JDZ)
between Sao Tome and Principe (STP)
and Nigeria may see oil and gas
production within 18 months according
to the Joint Development Authority
(JDA) in a statement. The statement,
signed by JDA President Arzemiro do
Prazeres and executive directors Luis
Prazeres and Kashim Tumsah said,
?Important decisions were made such as
approving new technology for surveying
and production of oil and gas in Block 1
that will allow production to begin within
an 18-month period.? It was also reported
in the statement that the JDA has
approved a review of the legal
framework for the JDZ, ?to attract new
investors and re-launch operations in the
area.?
PETROLEUM AFRICA, April 3,
2014