ERHC Energy Inc (ERHE)

[OhMyGoodness]

From Fidelity......

Nothing new here, but a lot will notice this.

ERHC Energy Inc. (ERHE:$0.895,0$0.075,09.15%) announced that its technical partner, Sinopec Corp., will take possession of the SEDCO 702 semi-submersible drilling rig. The rig will be used to drill the Bomu-1 Prospect in Block 2 of the Joint Development Zone (JDZ) in which Sinopec is the operator and ERHC has a 22%. The Bomu-1 prospect is one of several prospects in JDZ Block 2 identified from 3-D seismic analysis and interpretation. The work during the next 45 days or so will focus on a number of potential exploration targets at different depths and will considerably aid in understanding the geology and hydrocarbon potential of this and other prospects in the Block. Sinopec has announced it will spud the Bomu-1 well before the end of August. The water depth is approximately 5,400 feet. Sinopec will drill to a total depth of approximately 11,600 feet subsea.

Best.....Cgretiree