ERHC Energy Inc (ERHE)

[Gremlin9999]

The seismic in Chad must be completed by August 2015. See Below:

"The PSC with the Government of Chad has an exploration term of up to 8 years. ERHC has proposed a minimum work program covering the 8 years , with the Years 1-4 comprising of geological and geophysical (“G&G”) studies (including the acquisition of seismic data), Years 5-6 including an initial one well commitment and Years 7-8 including a second well commitment."

The clock on that started ticking in late August 2011, when the President of Chad issued the Presidential Decree of Approval of the PSC.

Therefore, based on these documents, the first four-year exploration period would run through August 2015.

Sincerely,

Daniel Keeney, APR
DPK Public Relations