Source: www.gulfoilandgas.com 2/8/2006, Location: Africa
ERHC Energy Inc. has entered into a Memorandum of Understanding relating to Block 2 of the JDZ. A Consortium with Sinopec International Petroleum and Addax Petroleum has been formed under the terms of the MOU. An additional MOU was entered into by ERHC Energy Inc. and Addax Petroleum in Block 3 of the JDZ.
ERHC anticipates that there will be no delay in meeting the JDA timeline for the execution of the JOA
and PSC for Blocks 2 & 3 of the JDZ.