ERHC Energy Inc (ERHE)

[manuel06]

#9...what block 6 are they "ASSUMING"(2012) about..JDZ or EEZ?


Sources: São Tomé and Príncipe authorities; and IMF staff estimates and projections.

1. Central bank (BCSTP) mid-point rate.

2. Includes HIPC and MDRI debt relief.

3. Excludes oil related revenues, grants, interest earned, scheduled interest payments, and foreign-financed capital outlay.

4. In percent of exports of goods and nonfactor services. Includes HIPC and MDRI debt relief.

5. Gross reserves exclude the National Oil Account and commercial banks' foreign currency deposits at the BCSTP in order to meet the reserve requirement for their foreign currency deposits or as application deposits for new licensing.

6. For 2008, includes the proceeds from the privatization of the government's share in the fuel distribution company (ENCO) of $32 million. Of this, $10 million were used to pay back some of ENCO's debt to Sonangol, $0.96 million were used to audit the transaction and $21.4 million were put in the central bank to boost reserves.

7. For 2009, includes new allocation of 6.5 million SDR.

8. Imports of goods and nonfactor services excluding imports of investment goods and technical assistance.

9. For 2012, based on the assumption that dispute will be settled to allow disbursement of bonuses for Block 6.