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walldog0

09/25/07 1:41 PM

#108545 RE: RUBY1100 #108543

Operations in JDZ Blocks 2 and 4

http://www.erhc.com/en/cms/?83

According to ERHC's consortium partners, Addax Petroleum and Sinopec Corp., plans remain on track for the the Aban Abraham drillship to begin exploration activities in Blocks 2 and 4 of the JDZ as early as the third quarter of 2008. Earlier in 2007, Addax and Sinopec jointly entered into a joint agreement with a subsidiary of Aban Offshore Limited for the provision of the Aban Abraham, which is currently being refurbished and upgraded in Singapore. The drillship is anticipated to undergo sea trials in January of 2008. At the end of its contractual obligations to another partnership, the Aban Abraham will be transferred to Addax and Sinopec, with drilling expected to commence as early as the fourth quarter of 2008.

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majicathome

09/25/07 1:43 PM

#108546 RE: RUBY1100 #108543

Also the sections:

Joint Development Zone
JDZ Block 4: 26.7%

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Updated to reflect the latest Letter to investors ( ie. floor space )

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JDZ Block 4: 26.7%