ERHC set to explore Chad blocks

epa01250733 A Chadian woman refugee returns to N'Djamena,by the 'Ngueti' bridge in Chad, 10 February 2008 The U.N. estimates at least 30,000 Chadians had fled across the Chari River to the Cameroonian town of Kousseri after rebels and government forces clashed in Chad's capital, N'Djamena. EPA/MOHAMED MESSARA

Award: ERHC gets exploration nod from Chadian government

MOHAMED MESSARA

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Luke Johnson

 18 July 2012 21:43 GMT

US independent ERHC Energy has won exclusive rights to explore for oil and gas on three blocks in the sub-Sahara African nation of Chad.

The Chadian government awarded ERHC production sharing contracts for the Chari-Ouest III, BDS 2008 and Manga blocks, according to a statement released by the company on Wednesday.

ERHC has the option to renew the five-year exploration agreement for an additional three years.

"With the issuance of the (exploration license), ERHC can now commence its Chad exploration work programme in earnest," said ERHC chief executive Peter Ntephe.

"ERHC's goal is to advance quickly towards the identification of leads and prospects and thereafter to drill as quickly as the circumstances permit."

The Houston-based explorer said it will initially focus on the BDS…

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