ERHC Energy Inc (ERHE)

[erdo]

Hi vineseeker2,

Here's something Dan shared regarding blocks 5 and 6 arbitration:

In November 2008, the Company dispatched notices of arbitration for service on the JDA and the governments of Nigeria and Sao Tome & Principe to commence arbitration in London. ERHC wants the London Court of International Arbitration to clarify that ERHC's interests in JDZ Blocks 5 and 6 remain intact. The arbitration has been currently suspended while the Company pursues amicable settlement with the governments of Nigeria and Sao Tome Principe.

The source was:

The Company’s Form 10-K Annual Report for 2010 (available for review at http://www.sec.gov/Archives/edgar/data/799235/000114036110049580/form10k.htm) indicates the two blocks remain the subject of arbitration, but the arbitration is suspended.

My speculation found it positive, as one might think that anything but the status quo is progress. I don't think ERHC want to be a thorn in the JDZ's progress. I guess there's other opinions worth considering.

erdo