ERHC Energy Inc (ERHE)

[Southern Man]

http://www.1derrick.com/sao-tome-shortlists-four-cos-in-oil-block-licensing-round/12895/

Sao Tome Shortlists Four Cos in Oil Block Licensing RoundFEBRUARY 7, 2014
LICENSING ROUNDS,REGION - AFRICA Sao Tome Shortlists Four Cos in Oil Block Licensing Round
Source: Sao Tome Licensing Round Press Release The government of Sao Tome and Principe has shortlisted four companies to bid on Blocks 1 and 6, located in its offshore exclusive economic zone, according to a statement released by the country’s national oil company. Galp Energia and New World Oil and Gas will compete for both blocks. Blue Skies World Group is bidding on Block 1, while London Global Energy is seeking to acquire Block 6. "The result of the analysis of expressions of interest will be announced shortly," the statement said. Sao Tome began awarding offshore blocks after signing an agreement with Nigeria in 2001 to jointly develop acreage in waters between the two countries. However, the country has been slower to attribute blocks in the territorial waters surrounding its two main islands. Last year, the Sinopec-Sonangol JV known as Sinoangol acquired Block 2 in Sao Tome's exclusive economic zone, promising to invest $154 million to develop the concession.