ERHC Energy Inc (ERHE)

[farrell90]

Sao Tome and Principe to host 14th Africa Oil, Gas, Minerals Trade and Finance conference 11/21-11/25/2010

Sounds like Sao Tome is still optomistic about its oil and gas prospects. From the Conference Web site:

São Tomé and Principe and Nigeria, under the Joint Development Authority (JDA), are both managing the offshore oilfields located in their overlapping maritime border in the Gulf of Guinea. Under a treaty agreed in 2001, 40% of the oil revenue goes to São Tomé and Príncipe, and 60% to Nigeria.

There are ambitious plans to use oil revenues to build two free trade zones and turn the West African archipelago into a regional hydrocarbons shipping and manufacturing hub.

To capitalize on its natural wealth, São Tomé and Príncipe has initiated a series of policies aiming at training indigenous people and also encouraging local entrepreneurs to actively participate in the hydrocarbon and mineral sectors. This experience will be shared at the 14th UNCTAD Africa Oil, Gas, Minerals Trade & Finance, Conference and Showcase/Exhibition, and the overall problematic of local content and value retention will be extensively explored as it is the central theme of the São Tomé Conference.

http://www.ogtfafrica.com/overview.htm