ERHE Jumps 10% To $0.72

Anticipating billions of dollars of good news, ERHE investors drove the share price to $0.72 ask x $0.71 bid at 1:58pm EST Thursday on volume of 866,512 shares after ERHC Energy, Inc. (OTC BB symbol: ERHE) released a letter from the Nigeria-Sao Tome Joint Development Authority specifying a date certain for awards of five oil-laden blocks in the deep offshore waters of West Africa's Gulf of Guinea.

Here is the ERHC Energy press release from Business Wire:

ERHC Energy Inc. Receives Confirmation of JMC Meeting Dates
THURSDAY, APRIL 21, 2005 12:48 PM
- BusinessWire


HOUSTON, Apr 21, 2005 (BUSINESS WIRE) -- ERHC Energy Inc. (ERHE) has received a letter from the Nigeria-Sao Tome & Principe Joint Development Authority ("JDA") confirming the dates of the next Joint Ministerial Council ("JMC") meeting .

Mr. H.A. Tukur, MFR, Executive Director (F&A) and Secretary of Council, stated in today's letter:

"Please be informed that the meeting of the Nigeria-Sao Tome and Principe Joint Ministerial Council (JMC) is scheduled for 25th and 26th April 2005, in Abuja, Nigeria. It is after the meeting that the results of the 2004 JDZ Licensing Round will be announced and successful bidders informed.

"ERHC will also be informed in respect of its validated options in the blocks."

On November 18, 2004, the JMC reconfirmed ERHC's rights to acquire Option Interests in the JDZ.

These Option Interests are:

Block 6 15% Signature Bonus Free
Block 5 15% Signature Bonus Payable
Block 3 20% Signature Bonus Free
Block 2 30% Signature Bonus Free
Block 4 25% Signature Bonus Free
Block 9 20% Signature Bonus Payable


"We thank the JDA for their commitment and efforts in taking the next step in a process that has garnered world-wide attention," said Mr. Ali Memon, President and CEO of ERHC Energy Inc.

About ERHC

ERHC (ERHE) was formed in 1986, as a Colorado corporation, and was engaged in a variety of businesses until 1996, when it began its current operations as an independent oil and gas company. Today, the company operates under the name ERHC Energy Inc. with the goal of maximizing its value through exploration and exploitation of oil and gas reserves and production in the Gulf of Guinea offshore central West Africa. ERHC's corporate offices are located in Houston, Texas.

SOURCE: ERHC Energy Inc.

ERHC, Houston
John Coleman, 713-626-4700


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