ERHC Energy Inc (ERHE)

[oilman57]

This is from Upstream Online. Sorry i dont have the link. As I said yesterday this area is most exciting to me personally. The Sao Tome EEZ. Even if we have delays in the JDZ we have the Sao Tome EEZ just around the corner. Anyone who doesnt understand its importance doesnt know anything about the oil business.

Equator acquiring African seismic


06:49 GMT


UK junior Equator Exploration has started the acquisition of 5100 line kilometres of infill 2D seismic acquisition in Sao Tome and Principe's Exclusive Economic Zone (EEZ).


The acquisition, which is being shot in partnership with Petroleum Geo-Services (PGS), will complement the previous 5100 line kilometres of 2D seismic acquired by PGS and Equator in 2001 and 2002 in the EEZ. It will also further delineate and enhance the numerous prospects and hydrocarbon potential already identified within the EEZ by Equator.

Meanwhile, Equator said that it will commence negotiations with the government of Sao Tome and Principe on production sharing contract terms for its two option blocks in the near term.

Following the interpretation of the 2D seismic programme and selection of its two option blocks, Equator will commence a 3D seismic acquisition programme.