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RUBY1100

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RUBY1100

Re: Krombacher post# 169057

Wednesday, 07/01/2009 7:18:47 AM

Wednesday, July 01, 2009 7:18:47 AM

Post# of 362127
Krom in 2003 ERHC and Sao Tome resolved their disputes and signed the Revised Oil Treaty to give ERHC the Block percentages they have today.

They separated with DRSTP in the State Oil Company STPetro of which ERHC had a shared percentage [1998] then later a lowered percentage [2001] then Zero in [2003].

Sao Tome got to keep their oil revenues
and
ERHC got hefty block percentages in both zones and many with Signature Bonus free options


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