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Friday, May 22, 2015 11:55:53 AM
Q. What is the status of negotiations related to Block 11 of the São Tomé and Príncipe Exclusive Economic Zone (EEZ)?
Discussions are still ongoing with the International Operating Company (IOC) that signed a Memorandum of Understanding (MOU) with ERHC in December 2014. Under terms of the MOU, ERHC agreed to grant first right of refusal to the IOC for a farm-out of EEZ Block 11 for a period of six months. That period has expired.
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