• Sao Tome and Principe eyes tourism boost to economy

    Situated off the Atlantic coast of Africa, the twin archipelago Sao Tome and Principe was once the world's leading producer of cocoa. Today the island nation is promoting itself as a tourist destination and its numbers of visitors are, slowly, rising.

    published: 30 Jul 2016
  • Sao Tome and Principe Tourist Attractions: 10 Top Places to Visit

    Planning to visit Sao Tome and Principe? Check out our Sao Tome and Principe Travel Guide video and see top most Tourist Attractions in Sao Tome and Principe. Top Places to visit in Sao Tome and Principe: Banana Beach, Praia Jale, Pico Mocambo, Roca Belo Monte, Praia Piscina, Roca S.Joao dos Angolares, Forte De Sao Sebastiao, Pico Sao Tome, Ana Chaves Bay, Roca Agostinho Neto Subscribe to Social Bubble: https://www.youtube.com/c/SocialBubbleNashik?sub_confirmation=1 To go to the World Travel Guide playlist go to: https://www.youtube.com/playlist?list=PL3wNXIKi7sz3IilVSbByNJzEsCmsbIgv1 Visit our Website: http://socialbubble.global Follow us on Google+: https://plus.google.com/+SocialBubbleNashik Follow us on Facebook: https://www.facebook.com/socialbubble Follow us on Twitter: https://t...

    published: 29 Oct 2015
  • Global 3000 | Organic Cocoa Brings New Jobs to Sao Tomé

    Commodity prices have been heading downwards in recent months - with oil,sugar,aluminum and copper all well below their peaks. But cocoa has bucked the trend - apparently confirming the popular belief that people turn to chocolate during an economic downturn.Cocoa grows best in equatorial regions - which produce about 3.5 million tonnes of beans per year. The island nation of Sao Tomé and Principe off the west African coast lives almost exclusively from cocoa exports. Production levels fell sharply in the mid-1990s but have since recovered. Today some 1400 farmers grow organic cocoa on the islands - a product that fetches a premium price in Europe.

    published: 02 Jun 2009
  • Sao Tome & Principe looking to boost ecotourism

    The islands of Sao Tome and Principe are hoping to expand their tourism industry. With their combination of pristine beaches and tropical rainforests, the government believes tourism could become a major economic earner. But environmentalists are. concerned about the impact rising numbers of visitors could have on the islands' precious biodiversity.

    published: 16 Aug 2016
  • Sao Tome: Sweet Success

    Consumer demand for organic, fair trade chocolate is helping to revive an entire sector of the economy in Sao Tome. Thanks to an initiative first proposed by IFAD, 1400 farmers on this island 230 kilometres of the west coast of Africa have switched to organic cocoa production and are earning more money as a result.

    published: 18 Nov 2009
  • Sao Tome and Principe - At Home - April 5, 2015

    I was awaken to what sounded like a bomb, but it was a thunder clap. The earth shook and rumbled for about five seconds. Sao Tome is a beautiful Island nation. I wish the world at large would turn attention to it. If I had a magic wand the people here would be more prosperous, have better educational facilities and opportunities, health care and jobs. There is something very wrong in the world when we see the wealthier nations in the world "help themselves" and help "non-African nations", but do very little with regards Africa but exploit its people and its resources and keeping the African people largely poor, wanting and controlled. Open your eyes and behold the subtle invasion and militarization of Africa by the West under the guise of humanitarianism. There are those who love to m...

    published: 05 Apr 2015
  • Swazi Candles Centre creates jobs for unemployed youths

    The tiny kingdom of Swaziland is gaining a reputation for producing candles. The Swazi Candles Centre in Malkerns is one of the most popular tourist destinations in the country. And it's creating jobs in an area renowned for high numbers of unemployed young people. CGTN's Yolisa Njamela has more

    published: 22 Feb 2017
  • E1 Langomes, Shyre Economic Environment of Sao Tome and Principe

    published: 01 Dec 2015
  • São Tomé NGO teaches sustainable fishing | Eco-at-Africa

    Fishermen on the island of São Tomé are struggling to make ends meet. Local NGO Marapa hopes to restore their livelihoods by teaching sustainable fishing and conservation methods. http://www.dw.com/en/tv/eco-at-africa/s-32686

    published: 07 Oct 2016
  • The Business of Food - Sao Tome: Cocoa Comes Back

    On television screens and newspaper front pages around the world, the stories out of Africa are often filled with doom and gloom. And while the reality of life for many Africans is often difficult, there are success stories to share and inspire others. This 13-part televsion series, produced in cooperation with IFAD, the Swiss Agency for Development and Cooperation and Dev.tv, presents just a few.

    published: 11 Apr 2011
  • C H I N A - One Belt One Road Vision- Ethiopia- Tanzania- Zambia

    In 1975, China built the $500 million Tanzam Railway from Dar es Salaam in Tanzania to Kapiri Mposhi in Zambia, the single longest railway in sub-Saharan Africa. Forty years later, China helped build the first light railway on the continent in Addis Ababa, Ethiopia, which opened in October 2015. In April 2016, the China-Africa Research Initiative (CARI) at the Johns Hopkins University School of Advanced International Studies (SAIS) released its exclusive database of Chinese loans to Africa (2000 to 2014). One of our biggest discoveries was that Chinese loans on the continent mostly go toward building connective infrastructure – roads, railways, and power lines – rather than pursuing natural resources via the petroleum or mining sectors. Dissecting the Data Previously, the Rand Corporatio...

    published: 07 Jan 2017
  • CONTRACT TRAILER MARIA GOMES FAIAL

    CONTRACT, a 79 minutes docudrama film explore aspects of African Diaspora history and culture that are not widely known or are normally overlooked in mainstream popular and scholarly discourse. CONTRACT tells the compelling story of two African countries (Cape Verde and São Tome and Príncipe) forever linked by a history of poverty and slavery, and two people forever linked by the unbreakable bonds of family and love. This film is not only a powerful emotional experience it is also a solid look into the past and the legacy of Slavery. It's a journey not only for the contract workers who receiving 10 cents per day and a $10 life retirement from the São Tomé and Príncipe government are valued less than a thing, less than animals, but also for the filmmaker who returns to his roots i...

    published: 05 Mar 2010
  • Student interview at São João 1

    Students are asked what their favorite part of the computer class is, why they think computers are important in São Tomé and what they want to be when they grow up. São João Secondary School, São Tomé e Príncipe, 2010. Brought to you by Waveplace, http://www.waveplace.org and STEP UP, http://www.stepup.st. Help us raise money to keep the computer program running!! Visit us at http://stepupolpc.bethsantos.com.

    published: 06 Jul 2010
  • 'Centre of the world' struggles in economic downturn

    Economic growth is a key priority for the tiny West African nation of Sao Tome and Principe: it is heavily reliant on foreign aid, but as donor countries are hit by the economic downturn, the search is on for alternative sources of income. (August 2011)

    published: 07 Oct 2014
  • ERHC Energy Discusses São Tomé & Principe Exclusive Economic Zone

    ERHC Energy, Inc. (www.erhc.com) Chief Operating Officer Peter Ntephe discusses São Tomé & Principe Exclusive Economic Zone (EEZ) in which ERHC has the right The right to receive up to two blocks of ERHCs choice; and the option to acquire up to a 15 percent paid working interest in another two blocks of ERHCs choice. The EEZ describes territorial waters of São Tomé that encompasses an area of approximately 160,000 square km. It is measured from claimed archipelagic baselines — territorial sea: 12 nautical miles, exclusive economic zone: 200 nautical miles. It is the largest in the Gulf of Guinea. ERHC Energy (OTCBB: ERHE) is a publicly traded American company with valuable oil and gas assets in the Gulf of Guinea, off the coast of central West Africa.

    published: 09 Dec 2009
  • ERHC Energy Awarded Blocks in São Tomé & Principe EEZ

    ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has confirmed the award to ERHC of 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The confirmation follows ERHCs exercise of rights arising from prior agreements between ERHC and São Tomé & Príncipe. The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course. The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers so...

    published: 16 Feb 2010
Sao Tome and Principe eyes tourism boost to economy

Sao Tome and Principe eyes tourism boost to economy

  • Order:
  • Duration: 2:08
  • Updated: 30 Jul 2016
  • views: 1908
videos
Situated off the Atlantic coast of Africa, the twin archipelago Sao Tome and Principe was once the world's leading producer of cocoa. Today the island nation is promoting itself as a tourist destination and its numbers of visitors are, slowly, rising.
https://wn.com/Sao_Tome_And_Principe_Eyes_Tourism_Boost_To_Economy
Sao Tome and Principe Tourist Attractions: 10 Top Places to Visit

Sao Tome and Principe Tourist Attractions: 10 Top Places to Visit

  • Order:
  • Duration: 1:10
  • Updated: 29 Oct 2015
  • views: 4064
videos
Planning to visit Sao Tome and Principe? Check out our Sao Tome and Principe Travel Guide video and see top most Tourist Attractions in Sao Tome and Principe. Top Places to visit in Sao Tome and Principe: Banana Beach, Praia Jale, Pico Mocambo, Roca Belo Monte, Praia Piscina, Roca S.Joao dos Angolares, Forte De Sao Sebastiao, Pico Sao Tome, Ana Chaves Bay, Roca Agostinho Neto Subscribe to Social Bubble: https://www.youtube.com/c/SocialBubbleNashik?sub_confirmation=1 To go to the World Travel Guide playlist go to: https://www.youtube.com/playlist?list=PL3wNXIKi7sz3IilVSbByNJzEsCmsbIgv1 Visit our Website: http://socialbubble.global Follow us on Google+: https://plus.google.com/+SocialBubbleNashik Follow us on Facebook: https://www.facebook.com/socialbubble Follow us on Twitter: https://twitter.com/@SocialBubbleIn This Video is Created and Marketed by Social Bubble Global. All Rights Reserved. For Travel & Tourism Industry Online Services Contact Social Bubble Today.
https://wn.com/Sao_Tome_And_Principe_Tourist_Attractions_10_Top_Places_To_Visit
Global 3000 | Organic Cocoa Brings New Jobs to Sao Tomé

Global 3000 | Organic Cocoa Brings New Jobs to Sao Tomé

  • Order:
  • Duration: 3:06
  • Updated: 02 Jun 2009
  • views: 1119
videos
Commodity prices have been heading downwards in recent months - with oil,sugar,aluminum and copper all well below their peaks. But cocoa has bucked the trend - apparently confirming the popular belief that people turn to chocolate during an economic downturn.Cocoa grows best in equatorial regions - which produce about 3.5 million tonnes of beans per year. The island nation of Sao Tomé and Principe off the west African coast lives almost exclusively from cocoa exports. Production levels fell sharply in the mid-1990s but have since recovered. Today some 1400 farmers grow organic cocoa on the islands - a product that fetches a premium price in Europe.
https://wn.com/Global_3000_|_Organic_Cocoa_Brings_New_Jobs_To_Sao_Tomé
Sao Tome & Principe looking to boost ecotourism

Sao Tome & Principe looking to boost ecotourism

  • Order:
  • Duration: 2:56
  • Updated: 16 Aug 2016
  • views: 686
videos
The islands of Sao Tome and Principe are hoping to expand their tourism industry. With their combination of pristine beaches and tropical rainforests, the government believes tourism could become a major economic earner. But environmentalists are. concerned about the impact rising numbers of visitors could have on the islands' precious biodiversity.
https://wn.com/Sao_Tome_Principe_Looking_To_Boost_Ecotourism
Sao Tome: Sweet Success

Sao Tome: Sweet Success

  • Order:
  • Duration: 3:20
  • Updated: 18 Nov 2009
  • views: 1476
videos
Consumer demand for organic, fair trade chocolate is helping to revive an entire sector of the economy in Sao Tome. Thanks to an initiative first proposed by IFAD, 1400 farmers on this island 230 kilometres of the west coast of Africa have switched to organic cocoa production and are earning more money as a result.
https://wn.com/Sao_Tome_Sweet_Success
Sao Tome and Principe - At Home - April 5, 2015

Sao Tome and Principe - At Home - April 5, 2015

  • Order:
  • Duration: 5:05
  • Updated: 05 Apr 2015
  • views: 996
videos
I was awaken to what sounded like a bomb, but it was a thunder clap. The earth shook and rumbled for about five seconds. Sao Tome is a beautiful Island nation. I wish the world at large would turn attention to it. If I had a magic wand the people here would be more prosperous, have better educational facilities and opportunities, health care and jobs. There is something very wrong in the world when we see the wealthier nations in the world "help themselves" and help "non-African nations", but do very little with regards Africa but exploit its people and its resources and keeping the African people largely poor, wanting and controlled. Open your eyes and behold the subtle invasion and militarization of Africa by the West under the guise of humanitarianism. There are those who love to make us think that Africa's problems stem from corrupt African leaders. This is not true. Any corruption in any African government was inserted into much of Africa and taught to them. The expression "the Masters House Negro" is still apropos today. (Read about AFRICOM)
https://wn.com/Sao_Tome_And_Principe_At_Home_April_5,_2015
Swazi Candles Centre creates jobs for unemployed youths

Swazi Candles Centre creates jobs for unemployed youths

  • Order:
  • Duration: 1:38
  • Updated: 22 Feb 2017
  • views: 195
videos
The tiny kingdom of Swaziland is gaining a reputation for producing candles. The Swazi Candles Centre in Malkerns is one of the most popular tourist destinations in the country. And it's creating jobs in an area renowned for high numbers of unemployed young people. CGTN's Yolisa Njamela has more
https://wn.com/Swazi_Candles_Centre_Creates_Jobs_For_Unemployed_Youths
E1 Langomes, Shyre  Economic Environment of Sao Tome and Principe

E1 Langomes, Shyre Economic Environment of Sao Tome and Principe

  • Order:
  • Duration: 4:33
  • Updated: 01 Dec 2015
  • views: 11
videos
https://wn.com/E1_Langomes,_Shyre_Economic_Environment_Of_Sao_Tome_And_Principe
São Tomé NGO teaches sustainable fishing | Eco-at-Africa

São Tomé NGO teaches sustainable fishing | Eco-at-Africa

  • Order:
  • Duration: 3:31
  • Updated: 07 Oct 2016
  • views: 176
videos
Fishermen on the island of São Tomé are struggling to make ends meet. Local NGO Marapa hopes to restore their livelihoods by teaching sustainable fishing and conservation methods. http://www.dw.com/en/tv/eco-at-africa/s-32686
https://wn.com/São_Tomé_Ngo_Teaches_Sustainable_Fishing_|_Eco_At_Africa
The Business of Food - Sao Tome: Cocoa Comes Back

The Business of Food - Sao Tome: Cocoa Comes Back

  • Order:
  • Duration: 3:06
  • Updated: 11 Apr 2011
  • views: 2095
videos
On television screens and newspaper front pages around the world, the stories out of Africa are often filled with doom and gloom. And while the reality of life for many Africans is often difficult, there are success stories to share and inspire others. This 13-part televsion series, produced in cooperation with IFAD, the Swiss Agency for Development and Cooperation and Dev.tv, presents just a few.
https://wn.com/The_Business_Of_Food_Sao_Tome_Cocoa_Comes_Back
C H I N A -  One Belt One Road Vision- Ethiopia- Tanzania- Zambia

C H I N A - One Belt One Road Vision- Ethiopia- Tanzania- Zambia

  • Order:
  • Duration: 28:59
  • Updated: 07 Jan 2017
  • views: 23624
videos
In 1975, China built the $500 million Tanzam Railway from Dar es Salaam in Tanzania to Kapiri Mposhi in Zambia, the single longest railway in sub-Saharan Africa. Forty years later, China helped build the first light railway on the continent in Addis Ababa, Ethiopia, which opened in October 2015. In April 2016, the China-Africa Research Initiative (CARI) at the Johns Hopkins University School of Advanced International Studies (SAIS) released its exclusive database of Chinese loans to Africa (2000 to 2014). One of our biggest discoveries was that Chinese loans on the continent mostly go toward building connective infrastructure – roads, railways, and power lines – rather than pursuing natural resources via the petroleum or mining sectors. Dissecting the Data Previously, the Rand Corporation, AidData, and Fitch Ratings produced data on Chinese loans to Africa, but in trying to confirm their data, we found many problematic errors. Most frequently, these organizations failed to check whether a project mentioned in a media report actually received funding. This led them to significantly overstate the number and value of Chinese loans. After scouring sources ranging from Chinese government reports to African newspapers in French, Arabic, and Portuguese, and drawing on our network of official sources in Africa, we revealed our own rigorously cross-checked figures, which lead to a number of conclusions. First, China is only somewhat politically motivated when loaning to African countries. Indeed, recipients must follow the One China policy: the three countries that recognize TaiwanBurkina Faso, Sao Tome and Principe, and Swaziland — received no loans. But there is little indication that loans are targeted toward client states. Although both Sudan and Zimbabwe are potential client states, only Sudan shows up on the list of the top 10 African recipients of Chinese loans. Second, we found scarce evidence that Chinese loans are mainly purposed to access natural resources. While the top recipient of Chinese loans was resource-rich Angola, the next recipient was resource-poor Ethiopia, where almost 90 percent of loans went to connective infrastructure in transportation, communication, and power. Finally, Chinese loans are building the continent. From 2000 to 2014, almost 50 percent of Chinese loans financed the two biggest sectors: transportation (receiving $24.2 billion of loans) and energy (mainly electric power) with $17.6 billion. Roads and railways made up just under 80 percent of loans in transportation. Hydropower, power lines, and gas pipes made up slightly over 80 percent of loans in energy. Taking a closer look, we found that the biggest Chinese loan-financed infrastructure project was Phase I of Kenya’s Mombasa-Nairobi Standard Gauge Railway, funded by $3.6 billion of loans. The second largest project was the aforementioned Addis-Djibouti Railway, funded at $2.5 billion. In addition, there is an important distinction on the construction sites of these projects: our data shows that foremen and technicians are generally Chinese but the workers are African, contrary to popular belief. A Chinese Approach to African Needs In sub-Saharan Africa, where only 16 percent of roads are paved and 24 percent of people have access to electricity, a lack of connective infrastructure hinders economic prosperity. Appropriately, the Program for Infrastructure Development (PIDA) under the African Union’s New Partnership for Africa’s Development (NEPAD) prioritizes “regional and continental infrastructure” in its 30 year strategy. The need for connective infrastructure in Africa is evident, even for the Chinese. Without roads to transport construction equipment or electricity to power manufacturing factories, Chinese contractors’ projects, which originally had big hopes, often don’t materialize. One reason our estimate of Chinese loans is lower than that of others is because we do not count rumored projects that were later canceled or never materialized due to obstacles (including infrastructural ones). In fact, out of the 1,246 reports of Chinese loan financing to Africa that we analyzed in our database, a significant number did not materialize. In the transport sector, only 47 percent of 233 total projects (worth $49.8 billion) ever materialized. The rest turned out to be mistakes, rumors, cancellations, or “inactive,” meaning an agreement was signed more than five years ago, but the project is still not in implementation. Similarly, in the energy sector, only 61 percent of 221 total projects (worth $30 billion) materialized.
https://wn.com/C_H_I_N_A_One_Belt_One_Road_Vision_Ethiopia_Tanzania_Zambia
CONTRACT TRAILER MARIA GOMES FAIAL

CONTRACT TRAILER MARIA GOMES FAIAL

  • Order:
  • Duration: 2:20
  • Updated: 05 Mar 2010
  • views: 1583
videos
CONTRACT, a 79 minutes docudrama film explore aspects of African Diaspora history and culture that are not widely known or are normally overlooked in mainstream popular and scholarly discourse. CONTRACT tells the compelling story of two African countries (Cape Verde and São Tome and Príncipe) forever linked by a history of poverty and slavery, and two people forever linked by the unbreakable bonds of family and love. This film is not only a powerful emotional experience it is also a solid look into the past and the legacy of Slavery. It's a journey not only for the contract workers who receiving 10 cents per day and a $10 life retirement from the São Tomé and Príncipe government are valued less than a thing, less than animals, but also for the filmmaker who returns to his roots in the making of this film. The film documents filmmaker's journey to reunite his uncle with his family 44 years later. CONTRACT, was filmed in the Cape Verde Islands, Sao Tome and Principe, Portugal, and in the United States. With archival materials and talks by Professor Dr. Noam Chomsky, Dr. Richard Jr. Lobban, Dr. Peter Mendy, Filmmaker and Writer Ike Karnick, etc. footage includes interviews with artists, historians, and contract worker including aspect of history, people, culture, and music of Cape Verde and São Tomé and Príncipe. CONTRACT was nominated for Award Audience Favorite Documentary during the 18th edition of Pan African Film & Arts Festival (PAFF.) CONTRACT became the first Cape Verdean, São Tomé & Príncipe film ever to be the recipient of an "Award For Best Documentary Filmmaking." Everyone can watch this film. The languages: Creole (Cape Verdean and São Tomé and Príncipe,) English, and Portuguese with English subtitles. Executive Producer: Txan Film Productions & Visual Arts, Inc.; Written, produced, and directed by Guenny K. Pires; Edited by TFPVA, Cedric Obanoon, and Jeremy C. Gredone; Original music by Djim Job and Kalu Monteiro; Mix (Color & BW); Format: 16/9 HDV.
https://wn.com/Contract_Trailer_Maria_Gomes_Faial
Student interview at São João 1

Student interview at São João 1

  • Order:
  • Duration: 1:16
  • Updated: 06 Jul 2010
  • views: 216
videos
Students are asked what their favorite part of the computer class is, why they think computers are important in São Tomé and what they want to be when they grow up. São João Secondary School, São Tomé e Príncipe, 2010. Brought to you by Waveplace, http://www.waveplace.org and STEP UP, http://www.stepup.st. Help us raise money to keep the computer program running!! Visit us at http://stepupolpc.bethsantos.com.
https://wn.com/Student_Interview_At_São_João_1
'Centre of the world' struggles in economic downturn

'Centre of the world' struggles in economic downturn

  • Order:
  • Duration: 2:16
  • Updated: 07 Oct 2014
  • views: 24
videos
Economic growth is a key priority for the tiny West African nation of Sao Tome and Principe: it is heavily reliant on foreign aid, but as donor countries are hit by the economic downturn, the search is on for alternative sources of income. (August 2011)
https://wn.com/'Centre_Of_The_World'_Struggles_In_Economic_Downturn
ERHC Energy Discusses São Tomé & Principe Exclusive Economic Zone

ERHC Energy Discusses São Tomé & Principe Exclusive Economic Zone

  • Order:
  • Duration: 4:55
  • Updated: 09 Dec 2009
  • views: 1588
videos
ERHC Energy, Inc. (www.erhc.com) Chief Operating Officer Peter Ntephe discusses São Tomé & Principe Exclusive Economic Zone (EEZ) in which ERHC has the right The right to receive up to two blocks of ERHCs choice; and the option to acquire up to a 15 percent paid working interest in another two blocks of ERHCs choice. The EEZ describes territorial waters of São Tomé that encompasses an area of approximately 160,000 square km. It is measured from claimed archipelagic baselines — territorial sea: 12 nautical miles, exclusive economic zone: 200 nautical miles. It is the largest in the Gulf of Guinea. ERHC Energy (OTCBB: ERHE) is a publicly traded American company with valuable oil and gas assets in the Gulf of Guinea, off the coast of central West Africa.
https://wn.com/Erhc_Energy_Discusses_São_Tomé_Principe_Exclusive_Economic_Zone
ERHC Energy Awarded Blocks in São Tomé & Principe EEZ

ERHC Energy Awarded Blocks in São Tomé & Principe EEZ

  • Order:
  • Duration: 2:11
  • Updated: 16 Feb 2010
  • views: 1034
videos
ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has confirmed the award to ERHC of 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The confirmation follows ERHCs exercise of rights arising from prior agreements between ERHC and São Tomé & Príncipe. The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course. The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers south and east of the Nigeria/São Tomé & Príncipe Joint Development Zone and surrounding the volcanic islands of Príncipe and São Tomé. Block 4 is situated directly east of the island of Principe. Block 11 is directly east of the island of Sao Tome. A map of EEZ block delineations is available on the Companys website at www.erhc.com/EEZ-Blocks. We have a special corporate bond with the government and the people of São Tomé & Príncipe and we look forward to the successful negotiation of PSCs in order to take our mutual interests to the next level, said ERHC Chief Operating Officer Peter Ntephe. ERHC was among the first companies to identify the possibility of significant oil and/or natural gas reserves offshore of São Tomé & Príncipe and has been active in the area since 1997. In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date to be determined.
https://wn.com/Erhc_Energy_Awarded_Blocks_In_São_Tomé_Principe_Eez