ERHC Energy Inc (ERHE)

[RubyMartin]

emdyal: It Was SUPPOSED To Have been Completed In Jan. 08

Q. What is the status of the Aban Abraham drillship?

According to our consortium partners, Addax and Sinopec, the Aban Abraham drillship is currently being refurbished and upgraded in Singapore. It is anticipated to undergo sea trials in January of 2008. We understand that it will initially be under contract with the Noble/Pioneer partnership and at the end of their contractual obligations will be transferred to the JDZ Block 2 and 4 operators  Sinopec and Addax. Knowing what we know today, the fourth quarter of 2008 seems to be a realistic timeframe for it to begin exploration operations in the JDZ. We are confident Addax and Sinopec will bring the ship to the region as quickly as reasonably possible, but these are enormous pieces of equipment and they take time to move.