Replies to post #201563 on ERHC Energy Inc (ERHE)

[RUBY1100]

More EEZ Details http://www.stp-eez.com/

ANP-STP / National Petroleum of Sao Tome and Principe

http://www.stp-eez.com/Posters.htm

National Agency of the Oil has the grateful one please of inform that in the scope of the preparations with an aim to achievement of the 1st auction of Blocks of the Zone Económica Exclusive EEZ,

the companies Equator Exploration and ERHC exercised the right of preference and of option, previously to the launching of the 1st auction of the Zone Económica Exclusive EEZ, having selected for the effect the Equator Exploration Block 5 (Zone A) and Block 12 (Zone

B) ERHC Block 4 (Zone A) and Block 11 (Zone B)

The rights of preference and of option of these companies insert itself in the chart of the agreements celebrated with the State Santomense; with the ERHC in 1997 and renegotiations in 2001 and 2003 and with Equator Exploration in 2001 and renegotiation in 2003.

The Blocks selections are subjects to Output obeying rigorously to the program of work it to be negotiated and to the light of the
legislation in force. 2 - it having been resolved the question of the rights acquired as establish them referred agreements,

the Government selected the following seven (7) Blocks like offering of Auction: Zone TO Blocks 1, 2, 3 and 6 Zone B Blocks 7, 8 and 13 3- THE Opening of the Auction will be in the day 02 March of 2010 and closing in the day 15 of September 2010.

4 – For more information about the 1st auction of Blocks of the EEZ, consult http://www.stp-eez.com/

Luís Alberto C. Executive Director

[retep0517]

Luís Alberto C.PLEASE = Luis Prazeres

[tryoty]

I understand b, with the question marks, but where did you get d and e?

Here's google's translation:

Portuguese to English translation
PRESS
1 - National Petroleum Agency is pleased to announce that as part of preparations for the holding of the 1st Auction Block Exclusive Economic Zone, companies Equator Exploration ERHC and exercised the right of preference and choice, prior to launching 1st auction of the exclusive economic zone, and selected for this purpose the following Blocks:
Equator Exploration Block 5 (Area A) and Block 12 (Area B)
ERHC Block 4 (Area A) and Block 11 (Area B)
The rights of preference and choice of these companies fall under the agreements signed with the State Santomean; with ERHC in 1997 and renegotiated in 2001 and 2003, with Equator Exploration in 2001 and renegotiated in 2003.Os selected blocks are subject to negotiation of contracts for production sharing in strict compliance to the program of work to be negotiated in the light of existing legislation.
2 - Having resolved the question of acquired rights as set out the agreements, the Government selected the following seven (7) Blocks Bid to offer:
Zone A Blocks 1, 2, 3 and 6
Zone B Blocks 7, 8 and 13
3 - Opening the Auction will be on March 02, 2010 and closing on September 15, 2010.
4 - For more information on the 1st auction blocks of EEZ, see
www.stp-eez.com
5 - The ANP-STP aims to exploit the hydrocarbon resources of the country, promoting their use in a sustained way and with a great concern for the preservation of the environment.
Sao Tome, February 19, 2010.

C. Luis Alberto Prazeres
CEO

[dat_51or]

Yes, could very well be a super Tuesday.

Thanks for posting Ruby.

dat

[CoyoteHills]

with respect- how did you deduce these points? Did you leave out IMO a few times? That seems to be a pretty irresponsible post if you are trying to present it as a translation.

[Homeport]

For early risers, Ruby's made a wise suggestion to keep eyes on Dow Jones & Reuters x-London tmr morn for possible coverage of EEZ auction.

I have a complicated sked, but will best effort STP and Portuguese media x-Sao Tome version of the event.

On the other hand, I'm disappointed that he seems to have become Oily's usher here.

Cheers,
HP