ERHC Energy Inc (ERHE)

[JohnnySticks]

TOB - If I understand you correctly,

- The JDA can shop the relinqished 35% of JDZ2 and keeps the $$ proceeds

- ERHE is now the defacto operator of JDZ2 with 65% - albeit with limited current funds available

- ERHE keeps all the drilling data from phase 1 and is NOT liable any longer to SNP for its proportionate share of (EDIT - JDZ2) phase 1 drilling costs - regardless of any future oil events

- If ERHE finds a new partner within JDZ2 - a new PSC needs to be completed

Thanks for any comments/clarifications