ERHC Energy Inc (ERHE)

[RUBY1100]

Language talks for Sao Tome by Barry Morgan
THE archepelago of Sao Tome&Principe is in favour of establishing an upstream consortium comprising state oil companies in Brazil, Portugal and Angola before the end of the year, writes Barry Morgan.
Petrobras, Galpenergia and Sonangol respectively have indicated interest in the project, for which studies have started, according to Sao Tome's Natural Resources Minister Deolinda da Costa.

The all-lusophone venture is expected to target offerings in Sao Tome's 2007 round to license its Exclusive Economic Zone and position itself for additional opportunities in the Joint Development Zone between Sao Tome and Nigeria.