ERHC Energy Inc. reported that the Government of the Republic of Chad has issued an Exclusive Exploration Authorization (EEA) to ERHC in respect to the three blocks covered by ERHC's Production Sharing Contract (PSC) in Chad.
The EEA, issued in accordance with the PSC, authorizes ERHC to undertake oil and gas exploration operations in the Chari-Ouest III, BDS 2008 and Manga Blocks in Chad, which are covered by the PSC.
The initial term of the EEA is for five years and can be renewed for a further three years.
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ERHC Energy Inc.
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