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History of Joint Development Zone Block 2

17th March, 2006

hexgear

From the 17 March 2006 until the 16 March 2012, Equator held a 9% participating interest in Block 2 in the Nigeria and São Tomé & Príncipe Joint Development Zone (‘JDZ’).

Other participants in the PSC were Sinopec (28.67% operator), ERHC (22.00%), Addax (14.33%), ONGC Videsh (13.5%), Amber Petroleum (5%), Foby Engineering (5%) and A & Hatman (2.5%). In 2009, Foby and Amber went into default on the payment of cash calls. ONGC resigned from the block in June 2010.

Asset: JDZ Block 2 Source: http://www.equatorexploration....

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