OAG360 Reports: ERHC Energy Makes Leap Onshore Africa
On July 1, 2011 Oil & Gas 360 published the report, "ERHC Energy Makes Leap Onshore Africa; Announcement Closely Follows Official Extension of Phase 1 Exploration in the Joint Development Zone." We are posting the report below with permission. ERHC Energy Inc. (OTCBB: ERHE) announced the company was awarded three oil blocks for exploration and development from the Republic of Chad. A production sharing contact (PSC) is expected as early as next week. The specific blocks in the award are Block BDS 2008, Manga and Chari-Ouest Block 3. The West African nation of Chad is one of sub-Saharan Africa's significant crude oil producers. ERHC reported Chad has proven oil reserves of 1.5 billion barrels with studies establishing the prospect of more discoveries. Click here for the news release. OAG360 Comments We view this as …