ERHC Energy Inc (ERHE)

[kingpindg]

I guess this could be considered good news...?

I wonder if Keeney could confirm or deny...

Finally, in late August 2009 Sinopec and Addax, the operators of Blocks 2 and 4 respectively, started exploration drillings that initially had been announced for 2008. In October, Addax commenced exploration drillings in the newly acquired Block 3. In November and December Addax drilled another two wells in Block 4. Jorge Santos, executive director of the Joint Development Authority (JDA) in Abuja, has announced that signs of oil have been found in Blocks 2 and 3. However, official drilling results have not yet been disclosed. Instead, the two companies asked the JDA for a 6-12 month extension of the exploration period that ends in March.

The entire article, São Tomé and Príncipe: 12 oil ministers since 1999, but not a single drop of oil yet, starts on page 5.

http://www.ipris.org/php/download.php?fid=104