Gigwoff, for me, it's not a monetary thing, but I've got so many features into my computer now that I'm afraid of it collapsing on me, any day. Just bought a laptop with wireless for my daugther and will shortly buy a new stationary one myself with ALL THE LATEST INCL WIRELESS : )
So, people are asking for links; well, How's this for starters ? Made it some days back to update a friend:
This is what I wrote on the bottom, but Cut and Pasted it to the Top instead LOL !! : )
Well, must admit, this became MUCH longer than I had anticipated.
The 8K's you only have to rush through, I've ''Bolded in Colours what's important in them : )
This is NOT with a view to Pump ERHC, but, I'm personally in this one for a long time, and it seems that we may bear fruits now. Of course, the real true potential in ERHC will take years, along the way as oil and gas is ''confirmed, drilled and pumped'' (the hit-average, hwvr, in the Area is in excess of 80 % though, which is in the very Top brackets of the World).
But, when, ERHC, is, shortly, awarded, with or without, Operatorship, and names like XOM, Pioneer, Petrobras or Noble Energy in the mix; well, we will definitely see a nice pop in pps; of that I'm certain !
ERHC, requires a hell of a lot of DD, over time; and close to impossible to put into a few Chapters to explain, to whomever have not followed this over time. Or, takes the time now to really do a comprehensive reading and study. The 1st Round has been officially closed, which took a year, but a lot of ''backroom'' negotiations have taken place; and we all believe that the ''stage is set already'' for the 2nd Round. They had to cut off ''legally'' the 1st Round, before they could make Awards to '''others'' that DID NOT PARTICIPATE IN THE ORIGINAL 1st Round, and, THUS making a 2nd round. Here is the Official from the Official WEB page of the Joint Development Authority; which is the very latest, dated Nov 4th, 2004:
(Some links below are not converted to Hyperlinks when I put them into this which I'm making in a Word Doc., and I've put them in RED; so U have to copy and paste them)
NIGERIA – SAO TOME & PRINCIPE JOINT DEVELOPMENT AUTHORITY CLOSURE OF 2003 JDZ LICENSING ROUND
Further to the directive of the Joint Ministerial Council (JMC), all companies, stakeholders and the general public are hereby informed that the 2003 Licensing Round is formally closed with effect from 29th October 2004. This is without prejudice to the rights already exercised by Environmental Remediation Holding Corporation (ERHC), and the remaining pre-emption rights of ExxonMobil.
2. A new round will open on the 15th of November, 2004.
3. Meanwhile, guidelines and fiscal regimes that will guide the process for award of blocks in the new round are being worked out and would be made public when the tender opens.
Nigeria-Sao Tome and Principe Joint Development Authority Plot 1101 Aminu Kano Crescent Wuse II, Abuja
4th November 2004
+ + +
(It is IMPORTANT to distinguish the different Zone's - JDZ is the Mutual Zone between Nigeria and Sao Tome & Principe (STP); whilst both, Nigeria and STP, have their SEPARATE, Exclusive Economic Zones (EEZ's)!!!!!) Here's a Map of the JDZ and EEZ of Sao Tome & P. from:
8K below; ERHC's Preferential Rights, VALIDATED, which also re-confirmed in recent Press Releases by the JDA. I have given it in it's entirety, but it's the last paragraph, which I've Bolded, that's the most important to read:
U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 13, 2004 ENVIRONMENTAL REMEDIATION HOLDING CORPORATION (Exact Name of Registrant as Specified in Charter) Colorado (State or Other Jurisdiction of Incorporation or Organization) 000-17325 88-0218499 (Commission File Number) (I.R.S. Employer Identification No.) 5444 Westheimer Road, Suite 1570, Houston, Texas 77056 (Address of principal executive offices including zip code) (713) 626-4700 (Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS On April 13, 2004 Environmental Remediation Holding Corporation ("ERHC") submitted a letter to the Nigeria-Sao Tome and Principe Joint Development Authority exercising its preferential rights in the Nigeria-Sao Tome and Principe Joint Development Zone. A copy of the letter is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference into this Item 5. The letter included Exercise Notice attachments which set forth ERHC's specific choices in each block. A listing of the specific choices noted in each Exercise Notice and the status of any Signature Bonus payable in each block is attached hereto as Exhibit 99.2 and is incorporated herein in its entirety by reference into this Item 5. The information furnished in this Item 5 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of Business Acquired. Inapplicable. (b) Pro Forma Financial Information. Inapplicable.
Letter Dated 13 April 2004 to Nigeria-Sao Tome and Principe Joint Development Authority Exhibit 99.2 Summary of Exercise Notices attached to Letter Dated 13 April 2004
ITEM 9. REGULATION FD DISCLOSURE See Exhibits 99.1 and 99.2
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENVIRONMENTAL REMEDIATION HOLDING CORPORATION By: /s/ CHUDE MBA --------------------- Chude Mba, President DATE: April 13, 2004
Letter Dated 13 April 2004 to Nigeria-Sao Tome and Principe Joint Development Authority Dr. Tajudeen Umar 13 April 2004 Chairman of the Board Nigeria - Sao Tome and Principe Joint Development Authority Abuja, Nigeria Dear Dr. Umar Exercise of preferential rights in the Nigeria-Sao Tome and Principe Joint Development Zone Thank you for your letter of 29 March 2004 inviting ERHC to exercise its preferential rights in respect of blocks in the JDZ ("the Letter").
ERHC hereby exercises its preferential rights set out in the Administration Agreement between ERHC and the Joint Development Authority ("JDA") dated 7 April 2003 ("the Agreement"), and attaches herewith an Exercise Notice for each relevant block in accordance with the Agreement. This exercise of ERHC's rights is subject to the following in respect of each Exercise Notice:
1. if no license is awarded or a license is awarded and subsequently withdrawn by the JDA prior to the commencement of operations, for any reason (for example, a failure by the licencee(s) to meet the signature bonus conditions), ERHC will be entitled (at ERHC's option) to either: (a) receive its nominated percentage working interest ("PWI") in that block in any future licensing of that block; or (b) nominate and receive the same PWI in another block of ERHC's choice in the JDZ in any future licensing round; 2. if the finally agreed PSC and commercial terms are materially less beneficial to ERHC than those that have been provided to ERHC to date, ERHC will be entitled to relinquish its right to its PWI in that block in return for nominating and receiving the same PWI in another block of ERHC's choice in the JDZ in any future licensing round. ERHC has exercised its rights subject to the foregoing two conditions because the JDA in the Letter requested ERHC to exercise its options now, before the time and without much of the required information set out in the Agreement; a departure from agreed procedures. For example, under the Agreement, the JDA was to provide ERHC with the names of all the parties to each PSC, and the finally agreed PSC and commercial terms, before ERHC exercised its options. In exercising its options now, ERHC was mindful of the desire of the State parties to conclude the licensing round as quickly as possible and was therefore keen to assist the JDA in ensuring that the awarding of licences and commencement of operations proceed speedily. ERHC however emphasises that, in accordance with clause 4.2 of the Agreement, neither the percentage nor the value of any working interest which ERHC has elected to receive will be diminished or reduced in any way (including through any arrangement the JDA may have or may subsequently conclude with any other party). Yours sincerely s/s CHUDE MBA Chude Mba President and Chief Executive Officer
Summary of Exercise Notices attached to Letter Dated 13 April 2004 Attached to Letter Dated 13 April 2004 to Nigeria-Sao Tome and Principe Joint Development Authority were six (6) "Exercise Notices" as required by the Administration Agreement dated April 7, 2003 and filed as Exhibit 10.2 in the Company's 8K filing of April 16, 2003. The Option Agreement dated April 2, 2003, by and between Environmental Remediation Holding Corporation and the Democratic Republic of Sao Tome and Principe and filed as Exhibit 10.1 in the Company's 8K filing of April 16, 2003 set forth the status of any Signature Bonus that may be payable by the Company The following is the relevant information contained in each Exercise Notice and the respective status of Signature Bonus for each block.
Choice Working Interest Chosen Status of Signature Bonus------ ----------------------- Payable by the Company ------------------------- Choice 1 Interest 15% working interest in Block 6 Signature Bonus Free
Choice 2 Interest 15% working interest in Block 5 Signature Bonus Payable
Choice 3 Interest 20% working interest in Block 3 Signature Bonus Free
Choice 4 Interest 30% working interest in Block 2 Signature Bonus Free
Choice 5 Interest 25% working interest in Block 4 Signature Bonus Free
Choice 6 Interest 20% working interest in Block 9 Signature Bonus Payable
8K with confirmation of ERHC preferential Rights: (The last letter in this Filing is the One, and I have put in RED, in the last paragraph which is Very Important now)
U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 16, 2004 ENVIRONMENTAL REMEDIATION HOLDING CORPORATION
(Exact Name of Registrant as Specified in Charter)
Colorado
(State or Other Jurisdiction of Incorporation or Organization) 000-17325 88-0218499 --------- ----------(Commission File Number) (I.R.S. Employer Identification No.) 5444 Westheimer Road, Suite 1570, Houston, Texas 77056
(Address of principal executive offices including zip code) (713) 626-4700
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS On April 16, 2004 Environmental Remediation Holding Corporation ("ERHC") received a letter from the Nigeria-Sao Tome and Principe Joint Development Authority ("JDA") responding to ERHC's submission of exercising its preferential rights in the Nigeria-Sao Tome and Principe Joint Development Zone as filed as Exhibit 99.1 in the Company's 8K filing of April 16, 2004. A copy of the letter is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference into this Item 5. On April 19, 2004, ERHC responded to the April 16, 2004 letter and resubmitted its letter exercising its preferential rights. On April 20, 2004 the JDA replied to ERHC accepting the contents of ERHC's resubmission letter. The April 19, 2004 response by ERHC including the JDA acceptance thereon is attached hereto as Exhibit 99.2 and is incorporated herein in its entirety by reference into this Item 5. The information furnished in this Item 5 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired. Inapplicable. (b) Pro Forma Financial Information. Inapplicable. (c) Exhibits Exhibit Number Exhibit Description -------------- ------------------- Exhibit 99.1 Letter Dated 16 April 2004 From Nigeria-Sao Tome and Principe Joint Development Authority Exhibit 99.2 Letter dated 19 April 2004 To Nigeria-Sao Tome and Principe Joint Development Authority evidencing acceptance of the letter by the JDA
ITEM 9. REGULATION FD DISCLOSURE See Exhibits 99.1 and 99.2.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENVIRONMENTAL REMEDIATION HOLDING CORPORATION By: /s/Chude Mba, President ------------------------------- Chude Mba, President DATE: April 20, 2004
Exhibit 99.1 Letter Dated 16 April 2004 From the Nigeria-Sao Tome and Principe Joint Development Authority Ref: JDA/CHM/006/105 16th April 2004 The President/CEO Environmental Remediation Holding Corporation 5444 Westheimer Road Houston, Texas 77056 U.S.A. Attention: Mr. Chude Mba Dear Sir, RE: EXERCISE OF PREFERENTIAL RIGHTS IN THE NIGERIA-SAO TOME AND PRINCIPE JOINT DEVELOPMENT ZONE- We write to acknowledge receipt of your letter dated 13th April 2004, on the above subject matter. 2. Further to this, l we wish to note the exercise of your existing preferential working interest in Blocks 2,3,4,5,6 and 9. However, we observe that the conditions set in paragraphs 1(b) and 2 of your said letter are not in line with the provisions of both the Administration and Option Agreements. The conditions are therefore not acceptable to the JDA as relates to the exercise of your preferential rights under the said Administration Agreement. 3. Please, accept the JDA's appreciation for proceeding in a manner that will ensure the timely conclusion of the award of licenses. We hope ERHC will extend the same spirit and understanding in all future transactions with the JDA. s/s Tajudeen Umar Dr. T.S. UMAR Chairman of the Board
Exhibit 99.2 Letter Dated 19 April 2004 to Nigeria-Sao Tome and Principe Joint Development Authority Dr. Tajudeen Umar 19 April 2004 Chairman of the Board Nigeria - Sao Tome and Principe Joint Development Authority Abuja, Nigeria Dear Dr. Umar Exercise of preferential rights in the Nigeria-Sao Tome and Principe Joint Development Zone Further to your letter of 16 April 2004 and to our subsequent discussion, I am pleased to confirm that ERHC will drop conditions 1 (b) and 2 from our letter of 13 April 2004 exercising ERHC rights in the JDZ. I hereby attach the same letter of 13 April 2004 with the conditions removed as a replacement of that same letter. Kindly indicate the JDA's acceptance by signing at the bottom of the letter where indicated. In all other respects the Administration Agreement remains in effect. Yours sincerely s/s CHUDE MBA Chude Mba President and Chief Executive Officer
Attachment to Letter Dated 19 April 2004 to Nigeria-Sao Tome and Principe Joint Development Authority
Dr. Tajudeen Umar 13 April 2004 Chairman of the Board Nigeria - Sao Tome and Principe Joint Development Authority Abuja, Nigeria Dear Dr. Umar Exercise of preferential rights in the Nigeria-Sao Tome and Principe Joint Development Zone Thank you for your letter of 29 March 2004 inviting ERHC to exercise its preferential rights in respect of blocks in the JDZ ("the Letter"). ERHC hereby exercises its preferential rights set out in the Administration Agreement between ERHC and the Joint Development Authority ("JDA") dated 7 April 2003 ("the Agreement"), and attaches herewith an Exercise Notice for each relevant block in accordance with the Agreement. This exercise of ERHC's rights is subject to the following in respect of each Exercise Notice:
**My comment: Specifically note this part in particular 4.2 in same paragraph below:**
1(a) If no license is awarded or a license is awarded and subsequently withdrawn by the JDA prior to the commencement of operations, for any reason (for example, a failure by the licensee(s) to meet the signature bonus conditions), ERHC will be entitled to receive its nominated percentage working interest in that block in any future licensing of that block. ERHC has exercised its rights subject to the foregoing condition because the JDA in the Letter requested ERHC to exercise its options now, before the time and without much of the required information set out in the Agreement; a departure from agreed procedures. For example, under the Agreement, the JDA was to provide ERHC with the names of all the parties to each PSC, and the finally agreed PSC and commercial terms, before ERHC exercised its options. In exercising its options now, ERHC was mindful of the desire of the State parties to conclude the licensing round as quickly as possible and was therefore keen to assist the JDA in ensuring that the awarding of licenses and commencement of operations proceed speedily. ERHC however emphasizes that, **in accordance with clause 4.2 of the Agreement, neither the percentage nor the value of any working interest which ERHC has elected to receive will be diminished or reduced in any way (including through any arrangement the JDA may have or may subsequently conclude with any other party). **
Yours sincerely s/s CHUDE MBA Chude Mba President and Chief Executive Officer s/s TAJUDEEN UMAR ACCEPTED For and on behalf of the Joint Development Authority Dr T S Umar Chairman of the Board Joint Development Authority
(OTCBB:ERHC - News) announced today that it participated in the recent bid round for blocks in the Nigeria/Democratic Republic of Sao Tome and Principe Joint Development Zone ("JDZ") in the Gulf of Guinea, offshore West Africa.
Bids were submitted in the following blocks: Block 2 Devon(Ocean Energy Ltd.)/Pioneer/ERHC Block 3 Devon(Ocean Energy Ltd.)/Pioneer/ERHC Block 4 Noble/ERHC
The statements in this document are forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements and the business prospects of ERHC are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties are described on Forms 10-Q and 10-K filed with the Securities and Exchange Commission. Contact: ERHC, Houston John Coleman, 713-626-4700
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