ERHC Energy Inc (ERHE)

[RUBY1100]

ADDAX Pg. 2, 60, 61, 62

"the Corporation [ADDAX] is in preliminary discussuions with some of the successful bidders in other JDZ blocks with a view to farming-in to one or more of these blocks"

in Nov. 2005 ADDAX entered into a participation agreement with ERHC pursuant to which it may acquire up to a 33.3% interest in and become opertor of BL 4, in return for payment of up to $18 Million and a FULL CARRY to ERHC.