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Re: CobraJet post# 158803

Monday, 04/20/2009 11:00:38 AM

Monday, April 20, 2009 11:00:38 AM

Post# of 361530
I dont know what approval they need, that is what I am asking. The 8K says ERHE/Addax need some form of "approval" from the JDA.....

On March 11, 2009, ERHC Energy Inc. (the “Company”) issued an announcement regarding plans for exploratory drilling in certain Joint Development Zone (JDZ) Blocks in which the Company has interests. Earlier, ERHC’s technical partner, Addax Petroleum, announced it expects to receive delivery of the Deepwater Pathfinder, a fifth generation dynamically positioned deepwater drilling rig, at the end of the third quarter 2009. Addax, the operator of JDZ Block 4, in which ERHC holds a 19.5 percent interest, announced that it intends, subject to Joint Development Authority approval, to commence the drilling of the Kina prospect in Block 4 shortly after taking possession of the Deepwater Pathfinder during the fourth quarter of 2009.

http://www.sec.gov/Archives/edgar/data/799235/000114036109006755/form8k.htm