- Chief Executive Officer Issues July Update for ERHC Energy Inc. Shareholders 8-Jul-10
- ERHC Energy Inc. Files Shelf Registration Statement to Raise $50 Million 8-Jul-10
- ERHC Energy Inc. Issues Statement Regarding Inaccurate Claims by Another Company 25-Jun-10
- Chief Executive Officer Updates ERHC Energy Inc. Shareholders 26-May-10
Contact Us
For more information,
please contact us online
or call (713)-626-4700.
9-Dec-09 3:00 PM CST
ERHC Energy Chief Operating Officer Discusses São Tomé & Príncipe Exclusive Economic Zone
ERHC Energy (OTCBB:ERHE) has rights to participate in exploration and production activities in São Tomé & Principe’s Exclusive Economic Zone (EEZ). The EEZ describes territorial waters of São Tomé that encompasses an area of approximately 160,000 square km. It is measured from claimed archipelagic baselines — territorial sea: 12 nautical miles, exclusive economic zone: 200 nautical miles. It is the largest in the Gulf of Guinea.
We sat down for a discussion with ERHC Chief Operating Officer Peter Ntephe to discuss that status of activities related to the EEZ.
ERHC’s rights in the EEZ include the following:
- The right to receive 100 percent interest in up to two blocks of ERHC’s choice; and
- The option to acquire up to a 15 percent paid working interest in another two blocks of ERHC’s choice.
ERHC would be responsible for its proportionate share of exploration and exploitation costs in the EEZ blocks.
Ocean water depths around the two islands exceed 5,000 feet, depths that have only become feasible for oil production over the past few years; however, oil and gas are produced in the neighboring countries of Nigeria, Equatorial Guinea, Gabon and Congo.
The African coast is less than 400 nautical miles offshore, which means the exclusive economic zones of the concerned countries overlap.
Rating: 3.00 / 5.00
-
2 ratings
Comments:
•
del.icio.us
digg
facebook
For additional information on this Updates for Investors article, please contact:
Dan Keeney
(832) 467-2904
Source: ERHC Energy
http://www.erhc.com
Related Documents:
Content Tags: updates for investors • erhc operations
Tags: EEZ ERHC exploration gas natural oil Principe Sao Tome
Other Recent Articles:
- May 2010 Update to Shareholders from CEO Peter Ntephe 26-May-10
- Congressional Briefing on the Impact of United States Energy Policy on Trade with the Gulf of Guinea 4-May-10
- Management Presentation following the 2010 ERHC Annual Shareholder’s Meeting 27-Apr-10
- Presentation at Nigeria Oil & Gas '10 by ERHC COO Peter Ntephe 24-Feb-10
- News from ERHC Energy 16-Feb-10
- Latest News from ERHC Energy 12-Jan-10
- Management Presentation from 2009 Year-End Conference Call 15-Dec-09
- Update from ERHC Energy 9-Dec-09
- ERHC Energy Chief Operating Officer Discusses São Tomé & Príncipe Exclusive Economic Zone 9-Dec-09
- ERHC Energy Chief Operating Officer Discusses Nigeria-São Tomé & Príncipe Joint Development Zone 2-Dec-09
Return to the ERHC Energy Articles Search Page
