ERHC Energy Inc (ERHE)

[ERHClongtimer]

2 points about JDZ Phase I extension:

1. ERHC deserves credit for noting that they supported Sinopec and Addax in "applying to enter into Exploration Phase II pending the completion of the studies." They did not have to mention that. They could have only announced that the JDA had granted an extension to Phase I. Their additional comment lets us know that there is a desire/intent on behalf of Sinopec/Addax to enter Phase II. Had they not included this information, there would be a lot more uncertainty about Phase II happening.

2. ERHC also let us know that it was the JDA's decision to grant another six month extension. It's not beyond the realm of possibility therefore that the consortia could opt to enter Phase II before the six months end, after they complete their "studies." So perhaps some news from the JDZ will come before the ides of March.

- Longtimer