ERHC Energy and Sao Tome and Principe Set PSC Negotiations for EEZ Blocks

- October 18th, 2011

ERHC Energy Inc. (OTCBB:ERHE) and the National Petroleum Agency of São Tomé and Príncipe (ANP-STP) have agreed to begin Production Sharing Contract negotiations in mid-November.

ERHC Energy Inc. (OTCBB:ERHE) and the National Petroleum Agency of São Tomé and Príncipe (ANP-STP) have agreed to begin Production Sharing Contract negotiations in mid-November.

As quoted in the press release:

ERHC and the ANP-STP mutually agreed upon the basic parameters for conducting negotiations related to the Company’s two exploration Blocks in the São Tomé and Príncipe Exclusive Economic Zone (EEZ). ERHC has a 100 percent working interest in Blocks 4 and 11 of the EEZ free of signature bonuses.

ERHC’s President and CEO,  Peter Ntephe stated:

“We are delighted to be in receipt of formal invitation from the ANP-STP to begin PSC negotiations in mid-November,”

Click here to read the ERHC Energy Inc. (OTCBB:ERHE) press release

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