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SEC have bigger fish to fry. There are literally thousands of issues out there that are listed but there is no trading. Ive got a couple from alooooong time ago that are still listed but havent seen any trading for years. I keep them nostalgia and to remind me not to fall for that crap again.
Funny thing happened about 10 years ago. I owned an issue that went under but still had a viable ticker. Some company wanted to be listed so it bought the ticker and I got paid in company stock. Of which I cashed out immeadiately. LOL
Why isn’t the stock simply delisted? Why is it kept alive?
Weve been saying that for years!
Intelligent reports from dickran on erhe? Are you f-ing kidding? Do you mean like $8/share, dollars/share done deal with Total, African Queen buyer, and all the thousands of lies dickran posted about short sellers? You are so wrong about this and you were so wrong about Monday as erhe remains near zero. A group that owns 55% of erhe shares should not be sitting in the dark wondering what happened to block 4. It and its asinine leader should be demanding that erhc announces publicly what is going on. Instead we see more dickran hedging, dodging, twisting and squirming. What next? The gag order again? It is pathetic.
Now dickran pumping a payout from Shell and promising all this will be resolved "soon". Of course everyone knows the ONLY thing that will happen soon is that known liar guerguerian dickran will spew out more lies in his/her years long effort to profit from 400 million worthless erhe shares. dickrans thousands of baseless claims, false rumors and outright lies testify to his/her greed, hubris, deceit, and willingness to say anything to get out without a total loss. Watch and learn yet again what dickran means by "soon" and how very little credibility he/she has. Nothing but desperate, delusional, despicable, demented, deceitful dickran bullshit - it never ends.
farrell, I believe you mean to be looking for PR from Shell. But you are right, they have not released anything yet, either.
https://www.shell.com/news-and-insights/newsroom.html
Did you see my earlier post from another source? It included video of the PSC signing event.
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These aren't intelligent reports. This is strait vomit word salad to confuse, misinform and make people think something is going on here where there isn't anything to prove that this is even a legitimate company to begin with. People, don't be confused by all the bullshit that gets thrown into the mix. Ignore this bullshit and just look at the facts. It's a pump and dump scam and they know it. The clown squad wouldn't be pumping this hard if they didn't buy $10 worth of shares at .000000000001.
It's delisted to the grey market for a reason. It's a scam and the SEC knows it.
Thanks for posting.
I could not find any other source confirming this report. Even though Tele Non has been reliable in the past.
Total has not PR'ed it yet
May be some small hope for news favorable to ERHC
https://totalenergies.com/news
Good luck,Farrell
Hi Krom ! Thanks for all the intelligent reports on ERHE . Offor went to the islands for a very good reason and not a romp
on the beach or the good of his health. He is not stupid and didn't get to be a $ billionaire by making bad decisions such as giving away valuable assets like block 4 ! Also he is wise enough not to be personally bribed. . Spending his
last years being incarcerated would not be something he would risk !
The full declaration of the details of the block 4 deal should be revealed very soon !!
Thanks again !
If ANP-STP had only waited until Sept 30th, then everything: block 4 and the JDZ licenses, would have expired on Sept 30th, and the shorts would've been totally victorious with ERHC losing all of its assets. They would be celebrating with champaign.
But ANP-STP respected ERHC and that prevented any of that from happening. And if this goes to the courts, the fact it happened while the contract was valid gives ERHC the victory. Will Shell really want a judge to decide the compensation complete with damages awarded or will Shell simply Shell out the fair compensation in a negotiated agreement they have more control over than a judge deciding it? What's more logical?
Now shorts will see justice.
Krombacher
If STP gave the block away without compensating ERHC fairly, then they did so illegally. The contract between ERHC and STP is governed by the London Court. STP can't just unilaterally give the block away over a million dollar tax bill for a 500 million dollar block. The contract would've expired Sept 30th. All they had to do was wait, but they didn't.
ERHC will either contest it in court, which could take years or Shell will want to pay ERHC fair compensation, in my opinion. The international caveat emptor spells that out clearly.
The latter is the most common sense thing if they don't want to tie up block 4 in the courts for years. The fact that they didn't wait until Sept 30th, tells you that there is urgency to get drilling going and not going to court for many years.
The most common sense thing is what must therefore happen per Occam's razor.
And it will happen soon and to the detriment of short sellers, and the investors holding 55% of the shares outstanding are ready, and there's not much the shorts can do about it except lose all their capital on their short position.
Krombacher
If ERHC never cared about block 4, then how do you explain ERHC's issuance of an international caveat emptor, which asserts ERHC's rights on Block 4?
And, they let us know about it in an 8k, which suggests they care about their shareholders too.
It's not like they're obligated to do an 8k, after all there's no threat of stock revocation now. But they did because they care.
Krombacher
Every day brings a new theory by Krom/Dickran
What is his/her end game after promoting this stock for years now that it has become clear that erhc never cared about block 4?
How can someone be so wrong , so often, for so long about everything he ever wrote?
That defies human possibilities
Why Me?
We just went down. We always go down. This is just so unfair. My broker says don't worry this is just profit taking. I didn't take any profits. Did you take profits? I never get profits. All I ever get is screwed. What a bunch of shit! This stock is a bunch of shit! Analysts now say its a dog. Brokerage house made reference to "this puppy". Oh great I own another dog! My wife had a dog. He hated me . We had to take him to a vet to have him put out of his suffering. The vet offered my wife a 2 for 1 deal on me and the dog. What was that all about? Damn dog died of natural causes by the time I talked my wife out of it. I hate dogs...& Vets! My broker says don't worry this stock is not a dog. Just shorts and MM's messing with the stock. This stock is a leader he says. Nothing can go wrong. It's smooth sailing from here. Oh man isn't that what they said about the Titanic? Oh my God I'm on a dog ship to hell! Krom says don't worry... short squeeze coming. Too many shorts. Oh man why does there have to be so many shorts? Why do they all have to be so mean? Why do they always drive my stocks down? What did I ever do to them? My broker says they will get theirs. Well....They got theirs alright, & mine too. They always get my money. Short squeeze coming! What a bunch of crap! The only shorts squeeze I ever get is when my wife makes me wear those damn bikkini briefs. Bikkini briefs...what idiot invented those. I hate shorts! I bet my wife is a short. I think my wife shorts this stock everyday just so she can whoop my azz when I get home! And who are these MM's people messing with my stock? Who do these people think they are? What are they? Has anyone ever seen them? What does M&M stand for? I close my eyes at night and all I can see are these people dressed in colorful candy coated outfits chuckling while they are messing with my money and my mind. I hate M and M's. Melts in your mouth not in your hand! What kind of scam was that? MM's, shorts, my broker and this stock are shit. I'm $12 dollars from a margin call. Margin sucks! Why did I ever buy on margin anyways? Margin… what a scam! Where are we going from here? I'll tell you where we are going. Straight down! My stocks always go down.
Oh this is just great! They just posted interest in my margin account and triggered a margin call. Margin interest… what is that all about? I don't remember my broker mentioning margin interest. Margin interest? Oh that is so unfair! "Buy more ERHC " my broker says. "I ain't got no money" I tell him. He says what about margin? I say "I hear its risky." "Only for losers" he tells me….,"not for astute positive thinkers like yourself". "Remember" he says "I'm your friend I only have your best interests at heart. If you do well I do well. Easy money he says." I ask "shouldn't I diversify?" He says he'll let me in on a little secret." Analyst's are about to initiate coverage on ERHC with a strong buy. After that nothing but splits coming." Oh wasn't that just a peachy keen tip now. My broker upgrades ERHC and it's SP drops again. My broker upgrades ERHC and downgrades my financial condition to life support with one swoop! Well I tracked my broker down by phone yesterday. He's down in the Caribbean. I guess he's down there with my easy money looking out for my best interests. Full service brokers... what are they all about? Weren't there enough used car lots to go around? He costs me money twice...once when he gives me advice and once when I take it. Oh yeah...I almost forgot he is my friend. I asked him once "If you are my friend why don't you give me some free advice?". So he did! He told me to marry the woman who is now my wife. That SOB! Margin interest, ERHC, free money and my broker are all shit! Well my broker says I'm overreacting… "Splits are coming!" Splits what a scam! "Here I"ll take your 10 and give you two fives. Keep the change!" What the Hell is that all about? This is going to make me rich? No matter! ERHC will never split as long as I own it. My stocks never split. Splits coming? What a bunch of shit! I have news for my broker. The splits are here. ERHC and my broker have split the value of my account in half and my wife is going to split my lip when she gets wind of this margin call. I hate splits! Splits are such a load of crap! Well I have three days to cover my margin call. I hope my stocks go up tomorrow. Oh they won't go up. My stocks never go up. That is not until the day after I sell them. I wish I had cash. I never have cash. Why did I put all my cash into my Y2K generator business? Y2K what a scam that was! Why does this always happen to me?
Badog
I was so hoping to get $60,000 for my $12 purchase of ERHC shares. Not sure I can get much of anything anymore.
I know....it's not over till the fat lady sings.
Badog
LOL LOL LOL LOL
Nice try, but the fact is the years old 400 page document discloses no information about a deal and no one knows if it is even still in effect. So your "likely" hedge is there for good reason because you simply don't know. Your lame attempt at buying even more time for erhc to disclose any important info is also obvious to everyone. The despicable part is your continued efforts to convince people not to sell while you and others in your group would be frantically unloading.
Hilarious as you now "encourage management" to not issue an 8K and instead allow you to make more excuses for their silence. Fortunately, in spite of all your deceitful claims, it appears the end is near as block 4 has left the erhc building.
And of course, you are still unable to provide proof any erhe short positions exist. Looks like dickran's satisfaction will continue to be found by screwing a sketch of a head.
Dude.
Seriously.
There was likely a deal with Total as evidence by the 400 pages containing the assignment deal. But Total discovered that block 1 and 2 of the EEZ are similar to the JDZ, and block 4 is more similar in geology to block 5 and 6.
Hence, Total, who is clearly more interested in Block 1 and 2 geology prefers to grab ERHC for its JDZ assets and decided not to win any bidding war with Shell on Block 4. So Shell likely won the bidding war, if Total threw in the towel.
That's why it's imperative that longs not sell on any SHELL deal with ERHC on Block 4 until they've also leaned about the total deal in the JDZ worth 80 cents a share versus only 20 cents for block 4.
That's why I encourage the management of ERHC NOT to 8k the Shell news right away and to announce both news items simultaneously as soon as the Total deal is completed.
With no threat of stock certificate revocation, they have nothing to lose really.
Let's screw the shorts!!
Krombacher
Now a deal with Shell. What happened to the done deal with Total? What happened to the Shell bidding war? What about Aramco and condo theory crap? When will erhc actually tell its shareholders the truth? Just more dickran twisting, squirming, dodging bullshit. When will it end? Hopefully very soon.
No, I was saying I doubt that the outcome will be more litigation, and that I'm sure ERHC cut some deal with Shell.
Krombacher
So predictable, so delusional, so dickran. Already spinning a new narrative; still unable to find any proof erhe short positions exist. And dividends? From erhc? lmao. Did you get them yet?
So efficient, you already debunk your own theory about 8-K by saying you doubt the outcome of it. Floating another one of your false rumors and saying you doubt it will happen in the very same post. So pathetic.
Well, as I said, if there's no 8k, it means that ERHC still believes that block 4 belongs to them and that Sao Tome illegally signed the block over to Shell and that there's going to be litigation. I doubt this is the outcome though.
Another reason why not to issue an 8k is that they want to maximally screw the shorts by releasing both the Shell deal and the Total deal yet to be finalized... and so they're waiting.
That said, you seem to struggle with the concept that it makes no sense for Offor to do a nefarious side deal because anything that benefits Erhc and results in dividends almost all goes to him as a near 100% owner. Dividends on shorted shares are paid for by the SHORTS.
Get it yet?
Krombacher
As always, the share price tells the story. Now expect the next dickran new narrative as he/she tries to rationalize continued silence from erhc. I have said all along, ever since erhc stopped reporting financials, even if there would be a deal current stuck erhe longs will not be sharing in it. dickran has used the gag order as an excuse for everything for years. Now, I'm sure everyone can agree Total's gag order is no longer in play. It will be so amusing to see what dickran comes up with next as shares remain near zero.
$8/share? Dollars/share done deal? Shell bidding war? erhc dividends? Condo theory? How does dickran sleep at night?
Whats interesting is even with this news they still dont mention ERHE. If you look at most releases in this regard with other companies they mention jr partners , farm outs % and the companies involved etc etc. But we still dont hear anything about ERHE. Even with all of there Supposed % holdings. Kind of tells me that ERHE isnt involved anymore.
So Krom, you think erhe is going to get a big check for block 4? I thought total was the company that was supposed to land it! Haven’t been following to close and I’m also assuming erhe will no longer have any stake in the block!
So you are now expecting an 8-K from erhc explaining what happened with block 4. Great. No more sniveling, hedging, dodging with the "gag order" excuse. But absent an 8-K or other type of announcement, I wonder how long the silence from erhc will continue until stuck longs admit they have been had. Either way, looks like the ones needing the extra panties are the dickran longs who have been scammed into believing dollars/share were on the way.
My opinion - Offor dealt away block 4 behind the shroud of years of silence. The tell? No insider buying, no 5% insider owners since the 1:100 reverse split wiped out all shareholders long ago. So sad dickran and his mindless minions with close to 2 billion shares sat by and allowed this to happen.
The "fair" outcome would be if Shell paid a fair price to ERHC of 500 to 600 million dollars minus any signature bonus paid to STP and minus any taxes owed.
Maybe we get an 8k saying that soon.
The contract between Sao Tome and ERHC in 1999 was governed by the jurisdiction covered by the London Court.
I don't think Sao Tome can legally just take a block and hand it to someone else as the international caveat emptor tells us.
I doubt Shell wants to gum up the works with years of litigation... which we know ERHC can fight because it did just that with Kosmos.
Shell has the money and can afford to pay what's fair here. And so my expectation is that they did.
Krombacher
Sorry, Snaye, but there is just not enough information available for me to even venture a guess as to how much ERHC might receive. Heck, I'm not even convinced that ERHC still has the right to receive anything, international caveat emptor notwithstanding.
.
OK, Krom, you got me. My recollection was wrong.
They only received $4 million for Block 11. The $700K that you are recalling is the sales price they agreed to take from Kosmos for Block 4.
Net cash provided by investing activities during the year ended September 30, 2016 was $3,991,906, a change of $3,766,284 from cash provided by investing activities of $225,622 for the year ended September 30, 2015. The change in cash used in investing activities was primarily due to the increase in proceeds from sales of EEZ Block 11 interest in oil and gas concessions of $4,000,000 for the year ended September 30, 2016.
https://www.sec.gov/Archives/edgar/data/799235/000114036117002243/form10k.htm
And we previously discussed how the amount owed on the taxes (somewhere in the $600K range, to my recollection) was a paltry sum in comparison to the perceived worth of Block 4, so why didn't someone just pay it rather then risk losing the block.
.
So king , what is your expectation of what erhe might have received for the block , which I’m assuming they sold their entire percentage to shell? I doubt it’s anything close to what Krom and others were projecting!
I think your number is wrong and they sold block 11 for $700k (found i think in the 400 pages)... but let's say your number is right, then clearly the tax owed on Block 11 couldn't be in the millions range, now could it? Even if we use your number.
Obviously, even if the tax on Block 11 were $1 million, that amount is peanuts for Emeka Offor in terms of what he stands to gain by keeping block 4, right? A block valued at between 500 million and 600 million dollars according to Kosmos and Oranto respectively.
So common sense tells us that ANP-STP couldn't have simply handed the entire block to Shell just to raise about a million dollars in taxes. Sounds absurd to me.
So ERHC most definitely "got respected" ... and shorts are in big trouble
It's just common sense....
Krombacher
Tela Non article on Shell and Block 4
The Anglo-Dutch oil exploration company acquired 85% of participatory interests in block 4 of the exclusive economic zone of São Tomé and Príncipe. The state of Santo got the remaining 15% right to participate.
The production sharing contract for oil block number 4 was signed last week. Shell positions itself as the main oil company operating in the Exclusive Economic Zone of São Tomé and Príncipe. São Tomé and Príncipe has 9 oil blocks awarded and Shell is present in 5 blocks, namely 6, 10, 11, 13 and 4.
Andrew Hepburn, Shell's Director General for São Tomé and Príncipe and Suriname was the one who signed the contract on block 4 with the São Tomé state.
"It is in our interest to continue investing in São Tomé and Príncipe. More prospecting studies will be carried out, which will lead us to the goal of exploring oil here in São Tomé and Príncipe," he said.
The National Petroleum Agency is confident that Shell will find black gold, because it is a company with technical and financial evidence.
"Shell has demonstrated this, it has the technical and financial capacity to exploit oil," said Álvaro Silva, Executive Director of the National Petroleum Agency.
The state institution that manages the oil dossier, praised the commitment of the oil company Shell in the search for black gold in the territorial sea of the country. "We are convinced that of the various blocks that Shell is part of here in São Tomé and Príncipe, the oil company with the most blocks in the country that we have successes in the near future, and that our country will finally enter the world of oil-producing countries," he pointed out.
The signing of the contract for sharing the production of block 4, allows the state coffers to raise financial resources, through the signing bonus.
https://www.telanon.info/economia/2024/06/30/44892/petrolifera-shell-participa-em-5-blocos-de-petroleo-de-stp/
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If I recall correctly they got something like $4.5 million for Block 11. If they do get something for Block 4 it should be more than that just because more is known about the potential of the EEZ now.
.
I read each of your questions, and whether you meant them sarcastically or not, I find myself answering them with answer: yes, that's correct.
The only question I don't answer with a yes is the last question you ask about condominium theory lasting a week, but I've been discussing condominium theory for months now on other social media, but I do believe I posted on that theory once or twice here on ihub. It's a theory that's been fully vetted by a team of hard working minions.
Maybe if you did a search you'd find it.
Krombacher
Which monday????? 5 years from now or will it be soon? LOL
Hard to believe Erhc let all these years pass buy and couldn’t cut a deal, and get something of value, anything, for shareholders, for eez blocks 4 and 11. (Plus two more 15% blocks)..
Well, as I said originally, I look forward to learning what ERHC received in any deal.
.
Common sense..The public announcement about being in an impasse in block 4 would not have been made if it was smooth sailing for Shell...MY EDUCATED GUESS...ERHC and Total had to agree to whatever was agreed upon because they still had rights, which have not expired..Concessions in the other blocks in EEZ and JDZ,a part of block 4, and or other concessions .The only thing that makes sense with what transpired the last 45 Days
With all your obvious expertise in making money from triple zero, non-reporting, Caveat Emptor, African managed, highly speculative oil companies like erhc, please share how long you believe it will be until this extensively discussed, officially signed deal is publicly announced. Okay to round off to the nearest year or decade if that allows you to speak more freely.
Seriously, with this high level meeting and negotiations of which you speak, 12 full time employees in place, and news about Shell, aren't you expecting an announcement sometime next month? Or at least this year?
Yes Offor didn't fly into Sao Tome for nothing.! There had to be extensive discussions and negations prior to the
in person official signing ceremonies.
So "great pains" to issue filings that don't violate the gag order, but unable to file financials without mentioning the words: Total Energies? Unable to file financials with appropriate confidentiality clauses and excluded info even though the SEC has issued specific procedures explaining how to do this? Unable to even issue a shareholder update or 8-K explaining that a gag order has prevented them from filing, caused shares to carry Caveat Emptor status and trade only on Expert Market, and is responsible for a share price near zero? erhc management cares about its shareholders so deeply that it leaves them in the dark with worthless shares for all these years? So deeply that management can't even clear the air about short positions or clarify the block 4 situation? Your greed and hubris driven deceit knows no bounds.
And your "condominium theory"? That one didn't even make it to the end of the week lmao.
Despite gag orders, ERHC has taken great pains filing carefully worded 8k's with words like "finality" indicating that Kosmos was always out of block 4 and being ever careful not to mention the words: Total Energies.
All of this effort despite that they could've hidden behind a gag order excuse tells you that ERHC management cares about its shareholders deeply.
The last 8k was about the international caveat emptor telling you that ERHC still maintains its claim on its block 4 rights.
But don't worry, this will be over soon... but not in the short seller's favor.
Krombacher
So now an 8-K "would have to be filed"? What happened to your catch all gag order bullshit? Suddenly no longer fits the deceitful dickran narrative? How about facing the likely possibility that erhc stopped reporting years ago because they decided to reward insiders at the expense of anyone gullible enough to be holding on to billions of worthless shares? How about erhc insiders having many good laughs at a group of "investors" with close to 2 billion shares but too dumb to demand more transparency, too scared to force annual meetings and vote on board members (maybe even seat one of their own), too greedy to face the real reasons for erhc's non-reporting for all these years, filled with too much hubris to admit share price near zero for 6 years just might be a problem lmao, and so desperate to believe sketched headed short seller nonsense?
No news is good news? 8-K has to be filed? Gag order added to the dung heap? Maybe it will all finally be over.
I wouldn't rule out Aramco.
Do you really think Shell will have 85% with no further farm out in a consortium?
I don't think so.
Krombacher
An 8k would have to be filed if there's new non public information.
So if there's no new 8k forthcoming, it means one of the following:
1) Shell already announced all the information there is to be announced, and so ERHC doesn't have to do it (this would be bad)
Or
2) There is new and additional information that hasn't been finalized. In other words, it was agreed that Shell would sign a PSC with a separate compensation agreement with ERHC promised but not yet finalized (for example promised in an MOU agreed by both parties) and yet to be signed. (This would be good)
So if we don't get an 8k right away don't necessarily panic. They may be in the midst of working on a separate compensation agreement that is currently only under an MOU and requires finalization.
Or
3) But if ERHC lost block 4 with finality, then there must be an 8k issued to indicate that. So, in this case, no news would be good news.
It took them 8 months to get to a PSC. I find it no coincidence that block 2 was picked up by Total, Shell grabs block 4, and ERHC lands in Sao Tome in private jets all in the same week.... presumably to enforce their international caveat emptor.
Krombacher
Could you provide a link, please, to these Presidential public announcements regarding Block 4? I was never able to find any reports on any local STP news outlets.
Thanks.
,
there has to be an agreement dealing with block 4 and lawsuits that inspired the president publicly make the month of June a time to untangle block 4.That did happen so besides this announcement I am saying other agreements between ERHC and Total and Sao Tome had to be worked out
If that didn't happen lawsuits may tie up block 4 for possibly years to come
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ERHC's common stock is traded on the OTC Grey Sheets (No Bid/Ask) under the symbol "ERHE."
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on exploration of its working interests in the Gulf of Guinea, off the coast of central West Africa. We are proud of our heritage of visionary leadership that was responsible for ERHC being among the first to identify the possibility of significant oil reserves in what was once an undeveloped oil region of the world. We continue to build upon that heritage by continuing to be willing to take chances and having the commitment to do the hard work necessary to realize the value of our assets.
Today, ERHC has interests in Blocks 2, 3, 4, 5, 6, and 9 in the offshore Joint Development Zone (JDZ) of Nigeria and the island nation of Sao Tome and Principe. The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). 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 Company has signed participation agreements with subsidiaries of Addax Petroleum Inc. and Sinopec Corp. The operators of JDZ Blocks 2 (Sinopec), 3 (Anadarko) and 4 (Addax) have secured approval from the Joint Development Authority for drilling locations. Additionally, ERHC continues to pursue other potential oil and gas acquisitions, where feasible.
JDZ Block 2: 22.0%
JDZ Block 3: 10.0%
JDZ Block 4: 19.5%
JDZ Block 5: 15.0%
JDZ Block 6: 15.0%
JDZ Block 9: 20.0%
ERHC will be responsible for its proportionate share of exploration and exploitation costs in the EEZ blocks.
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.
Ocean water depths around the two islands exceed 5,000 feet, depths that have only become feasible for oil production over the past few years; however, oil and gas are produced in the neighboring countries of Nigeria, Equatorial Guinea, Gabon and Congo.
The African coast is less than 400 nautical miles offshore, which means the exclusive economic zones of the concerned countries overlap.
Operations in JDZ Block 2
ERHC's consortium partner Sinopec Corp. is the operator in JDZ Block 2. In August 2009, Sinopec commenced exploratory drilling of the Bomu-1 well, which was completed in early October 2009. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 2 totaled 77 million barrels of oil and 93.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 2 totaled 38.3 million barrels of oil and 47.9 billion cubic feet of natural gas (P50).
Operations in JDZ Block 3
The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 3 totaled 27.3 million barrels of oil and 32.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 3 totaled 8.7 million barrels of oil and 10.5 billion cubic feet of natural gas (P50). The operator, Addax Petroleum, began drilling the Lemba-1 well in October 2009 and completed drilling in November 2009.
Operations in JDZ Block 4
ERHC's consortium partner Addax Petroleum is the operator of JDZ Block 4. In August 2009, Addax took possession of the Deepwater Pathfinder deepwater drill ship and started drilling the Kina prospect. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 4 totaled 231.6 million barrels of oil and 245 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 4 totaled 88.4 million barrels of oil and 86.2 billion cubic feet of natural gas (P50). In 2009, Addax Petroleum drilled the Kina, Malanza-1 and Oki East wells.
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2012 (from 10Q)
Weighted average number of shares of common shares outstanding | 738,933,854 |
Authorized shares: 950,000,000
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ERHC Energy Milestones
In May 1997, ERHC entered into an exclusive joint venture with São Tomé & Príncipe. ERHC sought that agreement because it identified the possibility of significant reserves offshore of Sao Tome & Principe years before anyone else did and was willing to undertake the hard work necessary to realize the value of these assets.
All of the proceeds from these sales were received by the Company during the quarter ending March 31, 2006.
Block 11A encompasses 11,950.06 square kilometers or 2.95 million acres (click on map to enlarge). The Block is situated on Kenya's border with South Sudan to the north, Block 11B and Lake Turkana to the east and near Kenya's border with Uganda to the west.
-Link to the June 2009 Sao Tome and Principe AAPG (American Association of Petroleum Geologists) Conference slide presentation in Denver. It shows EEZ Block delineations and much more: http://www.internationalpavilion.com/ip_2005/Denver09_Talks/Presentation%20Sao%20Tome%20&%20Principe%20AAPGv3%20(2)_files/frame.htm
-The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course. 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.
-Another great post on the EEZ can be found here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859
-Possible pre-salt oil deposits in the EEZ: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36565661 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36570193 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36596746 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43260765
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Operators/ partners for Blocks 2,3 and 4
http://www.addaxpetroleum.com/home (Block 4)
http://www.addaxpetroleum.com/home(Block 3)
http://english.sinopec.com/ (Block 2)
Deepwater rigs
http://www.pacificdrilling.com/
http://www.fredolsen-energy.no/?aid=9048927
http://www.seadrill.com/
http://www.deepwater.com/fw/main/default.asp
http://www.saipem.eni.it/index.asp
http://www.deepwater.com/fw/main/Sedco-702-92C77.html?LayoutID=17
http://www.marinetraffic.com/ais/nl/shipdetails.aspx?MMSI=636014746
Deepwater rigs video's and animations
http://www.youtube.com/watch?v=Ii2zOZh41eA
http://www.deepwater.com/fw/main/Discoverer-Clear-Leader-Begins-Operations-410C1.html?LayoutID=6
Presentations
Growth Company Investor Show 2008 in London
http://www.youtube.com/watch?v=sgXCHO-Ot4E part 1
http://www.youtube.com/watch?v=OQm6SwY5ceo part 2
http://www.youtube.com/watch?v=aaam9Tyh4DE Q&A part
ERHC Web TV presentation to RedChip Conference
http://www.modavox.com/events/redchip/0608/room1.html
CEO Peter Ntephe Interview - on RedChip TV
http://www.modavox.com/events/redchip/0608/ceo_interviews.html
DD web sites
Facts about ERHC/ERHE: http://www.erhc.com/en/cms/?60
FAQ about ERHC/ERHE: http://www.erhc.com/en/cms/?56
http://www.anp-stp.gov.st/eng/
http://www.enercominc.com/
Track drillships marinetraffic.com/ais/default.aspx
http://www.erhc.com
http://finance.yahoo.com/q?s=erhe.ob
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235
http://www.otcbb.com/asp/Info_Center.asp
http://www.nigeriasaotomejda.com/
http://www.investorshub.com/boards/read_msg.asp?message_id=5721853
http://www.equatorialoil.com/pages/TechReview.html
http://www.nigeria-oil-gas.com/
http://www.sao-tome.com/englisch/index.htm
http://www.eia.doe.gov/emeu/cabs/nigeria.html
www.ods-petrodata.com/odsp/day_rate_index.php
Industry News
http://www.rigzone.com/news/
http://www.oil.com/
http://www.platts.com/
Articles
The New Yorker, 10/07/2002, OUR NEW BEST FRIEND, by JON LEE ANDERSON,post #3510
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6512250
DAILY INDEPENDANT, Tuesday May 24th, 2005, The long wait for JDZ deal POST #3035
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6479732
Area News & Newspapers
http://www.allAfrica.com
http://www.nigeriamasterweb.com/paperfrmes.html
http://www.nigeriamasterweb.com/newsfrmes.html
http://www.independentng.com
http://www.ngrguardiannews.com/
http://www.newswatchngr.com/
http://www.punchng.com
http://www.thisdayonline.com/
http://www.vanguardngr.com/
http://www.jornal.st/index.php
http://www.tekoilandgas.com/technology/glossary-of-terms
AKPO information
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48439213
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48446472
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ERHE 8K 4-24-2017
http://archive.fast-edgar.com//20170424/AI22B22CZC228JGU22222Z32GOMFIC22Z292/
https://www.otcmarkets.com/stock/ETBI/overview
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