ERHC Energy Inc (ERHE)

[redinvest]

OT - Tryoty,I'm not sure I understand it either.

Here's a copy of the news :



Thomson Financial News
Petroleum Geo-Services wins $251 million 4D seismic deal from Petrobras
05.05.08, 6:10 AM ET

OSLO (Thomson Financial) - Petroleum Geo-Services ASA said it has been awarded what it claims to be the largest-ever high density 4D marine seismic survey campaign by Brazil energy company Petroleo Brasileiro SA, in a deal worth $251 million.

Under the terms of the deal PGS said it will undertake five separate surveys offshore Brazil, covering almost 5,000 square kilometres, as well as an 'alternative program' of up to 120 days.

'The Campos, Santos and Espirito Santo Basin surveys are scheduled to begin in October 2008,' the Norwegian firm said.

PGS will use its recently-christened high definition seismic vessel Ramform Sovereign, it said.

Red