ERHC Energy Inc (ERHE)

[Art2004]

Ruby, my thoughts are that the second half of the article was background or filler added by the author to increase the length of the article and was not part of the press release from Abuja.

Here's a guess on the PSC's based on quotes I have read from Menezes.

Blocks 2,3 and 4 signed. Blocks 5 and 6 held over because 1) 3-D seismic not completed. 2) If good oil is discovered in blocks 2.3 and/or 4 signature bonuses on 5 and 6 could be a lot highher.

3)That way Menezes could also save face on having one of his requests honored.

However, either way it would not make a big difference to me.