ERHC Energy Inc (ERHE)

[123wrc]

What are we waiting on?......all of this…(from last update)..
The next step under the PSC is the setting up of the administrative structures, including a Management Committee, with the Government of Chad. The committee will supervise ERHC’s exploration program. Meetings for the purpose are scheduled to commence before the end of October
We anticipate that this pre-salt excitement will reflect positively on the EEZ in general and on our ongoing pursuit of farm-in partners for our EEZ Blocks.

The contracting parties also keenly await drilling in JDZ Block 1, which hosts the Obo 1 oil discovery. Further drilling in the Block is expected toward the end of 2011 or early in 2012. While ERHC does not have any rights in Block 1, drilling there may positively impact on the JDZ as a whole by providing information that would facilitate further exploration work on our Blocks.

Those talks have now progressed to the stage where the Letter of Intent has been agreed and executed. The next steps involve the joint pursuit of award of specific marginal fields within the IMO State
, ERHC continues to explore the possibilities for commercial farm in on a number of Nigerian fields with proven discoveries. As I write, ERHC is involved in negotiations with holders of interests in three Nigerian fields.
Beyond Nigeria, ERHC is actively pursuing the award of new Blocks in West Africa, ERHC also is pursuing applications in East Africa.