ERHC Energy, Inc. (www.erhc.com) Chief Operating Officer Peter Ntephe discusses São Tomé & Principe Exclusive Economic Zone (EEZ) in which ERHC has the right The right to receive up to two blocks of ERHCs choice; and the option to acquire up to a 15 percent paid working interest in another two blocks of ERHCs choice.
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.
ERHC Energy (OTCBB: ERHE) is a publicly traded American company with valuable oil and gas assets in the Gulf of Guinea, off the coast of central West Africa.