ERHC Energy Inc (ERHE)

[RUBY1100]

Flashback - maybe this is why Anadarko is pissed and launched the probe

$90 MM vs. $57 MM

JDZ Block-4 (ten bids)

ECL International $175million
Conoil Producing ($150 milion)
Anardako Petroleum Corporation ($90 million)
Hercules Oil/Centurion Energy/Stratar Energy Consortium ($81 million)
Atlas Petroleum ($70 million)
Energy Equity Resources ($67 million)
Overt Ventures, Equator Exploration Limited ($60 million)
ONGC Videsh and Godsonic Oil ($60 million
* Noble-(ERHC) ($57.285 million)

*Updated to ADDAX and AWARDED OPERATORSHIP
*perhaps the drilling program was better by Addax
*sources claim Anadarko / Exxon submitted an after the close Bid but were still rebuffed