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Art2004

11/09/07 12:15 PM

#111217 RE: balance_builder #111216

Just got off the phone with Dan Keeney and he OK'd the following post re: Addax

"ERHC continues to have the same operational expectations for drilling to occur in our JDZ blocks commencing with Q4 of 2008."

If this does not occur with the Abban Abraham it could occur with another drill ship that Addax is looking for.

As there is no change in operational expectations ERHC will not issue a public comment on the drilling schedules.

Added personal comment - there have been other articles posted
that by the second half of 2008 there could be more drill ships coming out of shipyards around the globe, either new and/or refitted. This however was not a part of the Dan Keeney conversation.