Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Think and think it's well known are not certainties nor facts but opinion so can't be seen as the truth
Why I think they stopped is well known. I think either they don't have enough money to do the filings, and/or they no longer care about outside shareholders losing everything, don't care if the stock gets revoked, don't care how low the price goes as they have demonstrated several times thru use of toxic debt, dilution, reverse split, more dilution.
Now, why do you think erhc stopped complying with SEC reporting regulations?
I don't know the answer. But it certainly was not because of a gag order regarding the Kosmos lawsuit. There's no way that would prevent a publicly traded company from filing required reports and cutting off all communications with its shareholders, forcing the SEC to suspend trading and then send it to the grey market and the possibility of revocation.
So why do you think erhc stopped reporting?
He, SSC,
Care to answer 18579?
I'm still waiting for an answer from you.
The Doctor.
https://www.rigzone.com/news/deepwater_transformation_sparking_new_interest-17-oct-2019-160082-article/
Excerpts:
"Times ‘are-a-changing’
The return to deep waters is characterized by projects that are simpler, have lower upfront costs and operating expenses, higher productivity and allow projects to come in within budget and on schedule. To illustrate this, Wood Mackenzie’s report shows that compared with 2013, 2018s deepwater cost curve is lower and longer and unit costs are down by over 50 percent. Consequently, a growing number of what were previously considered uneconomic projects are now considered viable at $50 a barrel, including new low-breakeven developments in Angola, West Africa, the Gulf of Mexico and the North Sea. As remarkable as these developments are deepwater still trails shale in the time it takes investors to recover their initial investment: offshore is down from 10 years to seven while shale is now under two.
Financial recovery times perhaps explain the dominance of big oil in deepwater projects. The report shows that 74 percent of the projected US$250 billion of pre-FID spend sits on the books of just eight companies: Petrobras, Shell, Exxon, Chevron, BP, Eni, Total, Equinor, Anadarko and Woodside. However, there are some smaller players in the mix including LLOG in the Gulf of Mexico, Cairn Energy off Senegal and Tower Resources off Cameroon."
Indeed, I had and have still the same thoughts
Jesus, Krom,
What great finds you make these days:
http://www.earthdoc.org/publication/download/?publication=99436
"Cepsa´s block is located at the junction(…)"
Present tense, I'm not sure why, but maybe they indeed never left, officially?
Again, great finds. But I'm not sure as what to make of the recent date on this paper, and it's link with the 29th International Meeting on Organic Geochemistry (IMOG), 1–6 September 2019, Gothenburg, in Sweden...
https://www.oilnewskenya.com/cepsa-withdraws-kenyas-block-11a/
Nice find Seek. Erhe next?
Cash out....SEO will have a lot of cash: Nigeria: Eland Oil & Gas recommends cash acquisition by Seplat Petroleum
15 Oct 2019
The boards of Seplat Petroleum and Eland Oil & Gas have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Eland by Seplat. The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Acquisition, each Eland Shareholder will be entitled to receive: for each Eland Share - 166 pence in cash.
The Acquisition values the entire issued and to be issued ordinary share capital of Eland at approx. £382 million on a fully diluted basis, and represents:
a premium of approx. 28.5 per cent. to the Closing Price per Eland Share of 129.2 pence on 14 October 2019 (being the latest practicable date prior to this Announcement);
a premium of approx. 32.6 per cent. to the three-month volume weighted average price per Eland Share as of 14 October 2019 of 125.2 pence; and
a premium of approx. 32.7 per cent. to the six-month volume weighted average price per Eland Share as of 14 October 2019 of 125.1 pence.
In addition, Eland Shareholders on the register at the close of business on 18 October 2019 will be entitled to receive and retain the interim dividend of 1 pence per Eland Share to be paid on 31 October 2019.
Commenting on the Acquisition, George Maxwell, CEO of Eland, said:
'This recommended offer from Seplat represents the culmination of a very successful journey by Eland, the management team and all of its stakeholders. Since founding Eland, we have, jointly with our partners in Elcrest, acquired our interests in OML 40, a non-producing asset, achieved an all-time record production on this asset and become a significant independent producer in Nigeria's E&P landscape and one of the biggest oil producers on London's AIM market.
Eland has, in a period which has seen a significant cyclical downturn in our industry, outperformed most of its peers and the AIM Oil & Gas Index. This transaction represents a record share price for Eland and crystallises Eland's stated goal to maximise shareholder value.'
Russell Harvey, Chairman of Eland, commented:
'We are pleased to announce this recommended Acquisition by Seplat. Eland's management team has done an excellent job executing our strategy. We have demonstrated a strong track record of operational delivery and value creation in Nigeria from our high-quality assets. This offer allows Eland Shareholders to benefit from an accelerated and enhanced realisation of this value through a cash offer at a significant premium to the current market value. In addition, the business will benefit from the opportunity to become part of a more significant player in the Nigerian oil and gas market. For these reasons, the Eland Board unanimously intends to recommend the offer to Eland Shareholders.'
Commenting on the Acquisition, Dr. Bryant Orjiako, Chairman of Seplat, said:
'Since Seplat acquired its first blocks and commenced production in 2010, we have increased oil and gas production and grown reserves in each year of operation, delivering significant growth and value for our shareholders. We firmly believe that Eland is a complementary fit with Seplat and that there will be enhanced scale and a wider range of capabilities made available to the enlarged group through the combination.
This acquisition signals the next step in our journey that will underpin Seplat's ambition to be the leading independent E&P in Nigeria.'
Austin Avuru, CEO of Seplat, commented:
'We are pleased to have reached an agreement to acquire Eland and its portfolio of assets that will enhance our existing operations. Eland is an excellent fit with Seplat and the combination should achieve for us growth and increased profitability, creating value for our shareholders, employees and other stakeholders while offering an attractive upfront premium to Eland Shareholders. The Acquisition, made possible by our robust operational platform and headroom in our capital structure, is in line with a key part of our established strategy which is to pursue opportunities in the onshore and offshore areas of Nigeria that offer near term production with cash flow and reserves potential.
The Acquisition reinforces Seplat's status as one of Nigeria's leading indigenous, independent E&Ps and will create a Nigerian E&P champion with the footprint and technical capabilities to further grow and consolidate in Nigeria.'
Original article link
Source: Eland Oil & Gas
Excerpt from A Wall Street Journal today:
France's Total this year is investing about EUR200 million ($219 million), or 30% of its research and development budget, into digital technology, of which AI is an increasing part, says Philippe Cordier, a scientific computing program director at the company. In its partnership with Google, Total is testing an AI program in the Gulf of Guinea, off western Africa, that will help interpret data from three-dimensional images of the subsurface and any potential hydrocarbon reservoirs found there.
Finding oil and gas, especially offshore, is a costly process that can sometimes take years. Geologists spend a lot of time looking at seismic graphics to learn about the geological composition of areas they are exploring. The AI program Total is using will help organize such data and identify imagery like fault lines, Mr. Cordier says. The company will continue to rely on humans to identify patterns that might lead to oil and gas discoveries, he says. But by using the technology, Total hopes to get faster, more reliable production forecasts and boost the productivity of its engineers by freeing them from repetitive tasks.
The AI program Total is using will help organize such data and identify imagery like fault lines, Mr. Cordier says. The company will continue to rely on humans to identify patterns that might lead to oil and gas discoveries, he says. But by using the technology, Total hopes to get faster, more reliable production forecasts and boost the productivity of its engineers by freeing them from repetitive tasks.
Hahaha,
Indeed.
Sometimes, sheer common sense is one of the most beautiful things on earth to modern man!
I feel so good, man.
I sit back, ready for the show that comes up soon.
More bull shit
Went on an Elk hunt in WY about 5 years ago. Saw hundreds upon hundreds of antelope after a a blizzard had then all bunched up. Never saw anything like it. Amazing.
We know the outfitter in Montana. We are going to be hunting on a private ranch that hasnt been hunted on this year. So it should be good.
Wyoming’s a much better ‘lope area.
Good luck my friend
Just like the supposed new paradigm.
Part of the strategy is never to chase penny stocks and count on them for retirement.
Spent the day tailgating before we went to a football game. Tomorrow Im heading to Montana on an antelope hunt. After that we will hit another football game next weekend and then head home. Its tough to be me.
That's a real knee slapper!
LOL
Krombacher
Balogni......
Go ERHC———
Hang in there how???
Please explain. Im sitting on free shares even though they were deluted to almost nothing. Ive been retired since 2002 and Im 67 now. This issue doesnt effect me at all.
So my strategy has been working for me for a very long time.
Hang in there, buddy.
You know there are a lot of people who bet on this company to go down the tubes that are doing really well. We sold a long time ago and didnt throw good money after bad on false promises later on.
Please explain my investment strategy????
Its been a show for a very long time.
Yes indeed...
Those that bet on a Company to Fail...will eventually be doomed themselves..
Shorties...listen up..although it may be too late,..... my friends...
Go ERHC__________
Couldn’t have said that better my friend
Sorry if anyone finds it absurd that there are people who try to make sure facts about a stock like erhe are separated from speculation, flawed common sense and made up new-erhe-paradigm alternative facts.
Congratulations on the big rally yesterday following all that "positive" news.
You will find out how that is, I'm afraid.
Your investment strategy has always been a very risky one, I would never dare to enter into such a strategy.
And now some will get it on the chin, hard. I can only say: take it as a man. It should have been part of anybody's risk-analysis.
I will sit back and enjoy the upcoming show. A very modest investment that has the potential to go literally through the roof.
Cheers.
You know what is even more unbelievable than short sellers on a ".0001" issue?
Answer: people, somewhere on the internet, spending incredible amounts of time and effort on issues, while not being stakeholders...
If I have to choose (and I must) between one of those two completely absurd scenario's, I would choose for the first option.
That is the reality that we are in.
I will sit back, have a drink, and enjoy the show that is coming up: the 'fading away show'...
Hahaha.
How is a pleading a sign of life for a .0001 issue?????
Well, at least the market still gets it right. All this big news, all the alternative facts, all the celebration, and all the believers poured in less than $300 of erhe trading today.
Opinions come in all flavors, but the price chart doesn't lie.
Short sellers on a .0001 issue??????
Yeah ok.
Quite a bit of extrapolation n those assertions.
Love it, Short Sellers sweating it out LMAO
They DID win the NBA finals… lol
But over here: I see more pigs starting to sweat like hell…
Oh, man, it's been a long time that I felt that good about ERHC's situation.
The Doc.
SSC:
Ouch, Canada looses again!!
SSC,
According to what was filed on 9/26/19, they stopped filing because they couldn't afford to pay the cost of filing.
Like Krombacher says: The key is in following the timeline.
It will come to you... once.
See you at the end of the trading day. Good luck.
I feel so good, SSC.
What a FADE AWAY company, huh?
It's more of a HEAD FAKE company I would say... hahaha.
Man, Krom, again: fantastic find.
Piggy's will start to sweat soon…
Let's sit back and enjoy
So where did you read anything about how much money erhc spent? What I saw was them saying they didn't have money to even keep their filings up to date as required.
Yes, today's trading should be interesting. Let's see how much buying and how high the price is lifted from this news (which happens to be a couple of weeks old). Price and volume should show how much investors think any deal will happen, how much it might be worth, and whether they think erhc's excuse will keep its shares from being revoked.
Listen to the message of the market.
Followers
|
68
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
18778
|
Created
|
07/23/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |