ERHC Energy Inc (ERHE)

[RUBY1100]

BB 100% agree - plans are in motion

simply read between the lines or as some say its what the company DIDN'T SAY that speaks volume and the JDA Pres. needed to give the GREEN light

Additionally, the board approved management’s recommendation to reformulate the Company’s business plan. The reformulated plan will permit ERHC’s management to expand the Company’s business focus beyond the Gulf of Guinea. Under Mr. Luca’s leadership during the past year, ERHC’s management has reaffirmed the Company’s rights in the Nigeria-Sao Tome & Principe Joint Development Zone (JDZ), strengthened relationships with governments and regulators in the region, stabilized the Company’s finances and put strict controls in place to keep expenses in check.

In coordination with the board meeting, ERHC’s management met with leaders of the Joint Development Authority (JDA), which oversees activities in the JDZ. During informal discussions with the JDA Chairman Ado Wanka at the JDA’s offices in Abuja, Nigeria, ERHC’s representatives reiterated the Company’s commitment, in conjunction with its technical partners, to fulfill its obligations in terms of exploration and production activities and community relations initiatives. ERHC representatives left with an expectation of the JDA’s continuing cooperation with ERHC and other holders of rights in the JDZ. ERHC holds rights to participate in exploration and production activities in six of the JDZ Blocks.