Replies to post #1818 on ERHC Energy Inc (ERHE)

[vip1999]

Gents, here is the JMC announcement from last year, note the dates fall into the weekends. IMO, they will announce the awards as soon as they are done and not wait 2 weeks.

4/23/2004 was a Friday JMC met for 2 days and according to this pdf from JDA site, it was announced on the same date

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NIGERIA – SAO TOME & PRINCIPE
JOINT DEVELOPMENT AUTHORITY
PRESS STATEMENT
1. The Joint Ministerial Council (JMC) of the Nigeria-Sao Tome Joint
Development Authority (JDA) met in Abuja on 23 rd and 24 th April 2004.
2. During the Meeting, the JMC deliberated amongst other things on the
results of the 2003 JDZ Licensing Round.
3. The JMC noted the exercise of options by ExxonMobil and ERHC based
on their respective Settlement Agreement with the Democratic Republic of
Sao Tome and Principe (DRSTP).
4. Subsequent to its deliberation, the JMC has approved the results of the
2003 JDZ Licensing Round for Block 1 as follows:
ChevronTexaco: 51%
ExxonMobil: 40%
EER: 9%
The JMC also approved Chevron as operator for the block.
5. The JMC will deliberate further on the results for the other blocks, and
decisions will be communicated in due course.
6. The JMC also approved the 2004 budget for the JDA.
7. The next meeting of the JMC will be held in Sao Tome in 3 weeks time.
Nigeria-Sao Tome and Principe
Joint Development Authority
Abuja
ABUJA, 24 th APRIL 2004