ERHC Energy Inc (ERHE)

[Homeport]

STP News: Seismic studies have identified "18 prospective hydrocarbon zones" or "fields" in STP's EEZ, online STP-Press reports.

Says info disclosed at Friday seminar in Sao Tome sponsored by National Petroleum Agency (ANP) to share data from recent seismic studies carried out by Norway's PGS.

Cites "int'l consultant" John Symons as saying likelihood of finding commercial oil 8.36% (sic) at depths of 2,400m to 3,000m, tho "no certainty" until drilling.

"The specialists were almost unanimous in relation to the probability" of finding oil in EEZ due its proximity to the JDZ, STP-Press says.

"There may or may not be oil", it quotes geologist Osvaldo Abreu saying.

Reiterates STP plans to auction EEZ blocks in 2008.

P.S. Nothing so far on ANP site.