ERHC Energy Inc (ERHE)

[kingpindg]

Sao Tome and Principe: It is too early to know the importance of commercial hydrocarbons exist

August 15, 2010

Sao Tome, 15 ago (AP) - It is too early to know the importance of commercial hydrocarbons in the Exclusive Economic Zone of Sao Tome and Principe and the exploration zone with Nigeria, told Lusa the director of the National Petroleum Agency ( ANP) Sao Tome.

Luis Prazeres told Lusa that in case the exploration zone with Nigeria, oil companies should give operators until the end of this month the "last report" on the commercial value of existing hydrocarbons.

"Companies must submit by the end of August, the latest report to the authorities (both countries) to find out whether any amount of carbides is found even commercial, which is for companies entering the second phase, production phase" , said.

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