ERHC Energy Inc (ERHE)

[Southern Man]

São Tomé Exclusive Economic Zone

Anyone have a guess as to what these blocks are worth?

ERHC has a 100 percent working interest in Blocks 4 and 11 of the São Tomé and Príncipe Exclusive Economic Zone (EEZ) free of signature bonuses.

The close proximity of São Tomé and Príncipe’s offshore waters to the proven hydrocarbon systems in the adjacent territorial waters of Gabon, Cameroon, Equatorial Guinea and Nigeria suggests the potential for hydrocarbons, which is further supported by seismic data and petroleum seeps seen on the island of São Tomé. Seismic data for EEZ Blocks 4 and 11 contain highly prospective structures.

ERHC believes the EEZ has all the necessary components of a successful petroleum system. The region is at present unlicensed (1st Licensing Round is scheduled to conclude in September) and undrilled, providing an excellent frontier exploration opportunity.