Replies to post #164867 on ERHC Energy Inc (ERHE)

[Homeport]

JDZ News: Curious how the News World turns! Now it's Bloomberg picking up NG Guardian which pirated MacauHub which pirated Lusa :-)

Bloomberg June 9, 2009
http://www.bloomberg.com/apps/news?pid=20601116&sid=agnl7A.J6XVQ

Nigeria, Sao Tome to Sell Oil Exploration Blocks, Guardian Says

By Dulue Mbachu

June 9 (Bloomberg) -- Nigeria and Sao Tome and Principe will sell the drilling rights to four oil blocks in their common territorial waters in 2011, the Guardian reported, citing an official of the authority managing the zone.

The Joint Development Authority, which manages the interests of both countries in the region, has started talks about carrying out seismic studies in the area, the Lagos-based newspaper said, citing President Jorge Santos.

Under the agreement, Nigeria gets 60 percent of revenue and Sao Tome receives 40 percent, according to the JDA Web site.

To contact the reporter on this story: Dulue Mbachu in Lagos at dmbachu@...