ERHC Energy Inc (ERHE)

[TOB]

The signature bonus policy is set by the host country.

In the case of ERHC's 100% blocks in São Tomé and Príncipe they are already free of signature bonuses, so that is not an issue for development of ERHC's EEZ blocks.

ERHC does not engage in any "bribery", that would be illegal and jeopardize their good standing as a US listed company.

But STP may consider waiving signature bonuses for the remaining EEZ blocks as a way to kick-start development. Or they can just wait for some drilling and hopefully a major discovery to be made. The EEZ could become the new thing at that point. Right now it is virgin and virtually unexplored.