Meridian...based on the 8K it appears ERHC received $1.35 million back in November??
"On November 17, 2005, ERHC Energy Inc. ("Company") entered into a participation agreement with Addax Petroleum (Nigeria Offshore 2) Limited ("Addax") as subsequently amended whereby the Company agreed to assign to Addax a 33.3% participating interest in Block 4 of the Joint Development Zone between Sao Tome & Principe and Nigeria ("JDZ"), leaving a 17.7% participating interest in Block 4 to the Company. In exchange, Addax has paid the Company $1.35 million, and will pay an additional $16.65 million ten days after the execution of a production sharing contract for Block 4. ERHC agreed to support Addax as operator, and Addax agreed to pay all of the Company's future costs in respect of all petroleum operations in Block 4. Addax is entitled to the Company's share of cost oil until Addax recovers the Company's costs."
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