ERHC Energy Inc (ERHE)

[oilman57]

ERHC Energy Choices of Working Interest Percentage in the JDZ:

Block 2 30%
Block 3 20%
Block 4 25%
Block 5 15%
Block 6 15%
Block 9 20%

(This does not include additional percentages bid on blocks 2, 3, and 4. So these percentages could be even greater and could include operatorships.)

ERHC Energy Choices of Working Interest in Sao Tome EEZ:

100% Block (4th overall selection)
100% Block (5th overall selection)
15% Block
15% Block


By the way the majority of these blocks are signature bonus free. So in sum, ERHE has significant rights in the Joint Development Zone between Nigeria and Sao Tome in the Gulf of Guinea. And in the Sao Tome EEZ which is off the coast of Sao Tome in the Gulf of Guinea.

And Western Geco estimates 14.4 billion barrels of recoverable oil in just the nine blocks alone in the JDZ. The Sao Tome EEZ is apparently just as prolific.