ERHC Energy Inc (ERHE)

[RUBY1100]

Joint Development Zone (“JDZ”) Latest 08/06...

http://www.addaxpetroleum.com/_media/Mid-year_2008_results_06.08.08.pdf

NOTES From Addax Call : "By FAR" the largest Oil Exploration is to Come from Deep Water !!!!!!!!!!

"Still exists the possibility for a Rig of Opp 2008 or early 2009"

Addax Petroleum was awarded an additional 7.2 per cent participating interest in Block 4 of the Nigeria/Sao Tome and Principe JDZ by an independent arbitration tribunal. The award increases Addax Petroleum’s interest in the license area from 38.3 per cent to 45.5 per cent.

Addax Petroleum is also the operator of Block 4. Addax Petroleum has contracted to commence drilling operations in JDZ Block 4 in the fourth quarter of 2008, but believes that the drilling rig will not be delivered until the second half of 2009.

In the interim, the Corporation continues to seek a rig of opportunity to drill the Kina prospect in JDZ Block 4 as early as the fourth quarter of 2008.