ERHC Energy Inc (ERHE)

[RUBY1100]

StockHocker PXD indicates acceptance on their slide show, I dont recall a formal PR on the acceptance except this [below]


http://www.vcall.com/CEPage.asp?ID=92527
listen to the PXD CEO earlier today slide 25 around the 20 minute mark

Says THEY will be drilling several wells, negotiating contracts currently and they

Expecting 300-500 M BBL targets

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Pioneer Offered Exploration Rights in Nigeria – São Tomé and Principe Bid Round

Dallas, Texas, June 2, 2005 -- Pioneer Natural Resources Company (NYSE:PXD) confirmed today the announcement by the Nigeria - São Tomé and Príncipe Joint Development Authority (JDA) that its subsidiary, Pioneer Resources Africa Limited, has been offered the right to conduct exploration activities in Blocks 2 and 3 of the Joint Development Zone (JDZ) in offshore São Tomé and Príncipe and Nigeria. The Company is awaiting official notification from the JDA.

Pioneer is part of a consortium with Devon Energy (NYSE: DVN) and ERHC Energy Inc. (OTCBB: ERHE) which was offered 65% interest in Block 2 and 25% interest in Block 3. Upon receipt of the official notice of the offer, the Company will determine its next steps regarding the negotiation of a joint operating agreement with the other offerees and an acceptable production sharing contract with the JDA.

Pioneer is a large independent oil and gas exploration and production company with operations in the United States, Argentina, Canada, Equatorial Guinea, Nigeria, South Africa and Tunisia. Pioneer’s headquarters are in Dallas. For more information, visit Pioneer’s website at www.pioneernrc.com.