ERHC Energy Inc. Provides Details on Chad Exploration Program
15 February 2012
Market Watch - Wall Street Journal | Feb 14, 2012
(GlobeNewswire via COMTEX) -- ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has provided an update on its activities in the Republic of Chad and announced the record date for determining stockholders entitled to vote at the 2012 Annual Shareholders' Meeting.
During its First Quarter 2012 Conference Call, ERHC offered further details regarding its proposed five-year work program for its three oil and gas blocks in Chad. The work program will commence after an Exclusive Exploration Authorization is awarded and a management committee mutually constituted with the Chadian Ministry of Energy and Petroleum. The management committee will review and approve the work program. Company officials announced plans to focus initially on ERHC's Chari Ouest III Block and then BDS 2008 in that order. Both Blocks are adjacent to each other and overlie aspects of the Doba and Doseo basins, which host Chad's major discoveries