<h2>SIGNED!</H2>

Nigeria, Sao Tome sign long-delayed oil deals
Tue Mar 14, 2006 1:30pm ET

ABUJA, March 14 (Reuters) - Nigeria and Sao Tome on Tuesday signed production sharing contracts with oil companies on two of the deep-water exploration blocks the two countries jointly administer in the Gulf of Guinea, after months of delays.

A consortium led by U.S. independent Anadarko Petroleum Corp. (APC.N: Quote, Profile, Research) will pay a signature bonus of $40 million for block 3. Houston-based ERHC (ERHE.OB: Quote, Profile, Research) and Canada-based Addax (AXC.TO: Quote, Profile, Research) head a consortium that will pay a $90 million signature bonus for block 4.

Market View
ERHE (ERHC Energy, Inc.)
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Change: +0.11 (+0.13.41%)
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Market Cap: $661,148,160M
Time: 2:11pm ET

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