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The false statement I see is just another guerguerian dickran baseless claim, this time about erhc exploring and investing in Uganda. The libel I have seen are thousands of allegations that I am short erhe, or that I have ever been short erhe. If you were referring to posts about dickran fleecing loyal followers, I read about it here and based on dickran's despicable track record I have no trouble believing such a thing.
Add some more delusional, deceitful bullshit to the huge pile of dickran kaka with dividend claims and partnership with Shell completing drilling in EEZ block 4 by March 2025. dickran's greed and hubris driven nonsense just never ends. Everyone can watch dickran resume his squirming ways come March and no news of dividends or drilling. My guess - it will be back to the asinine gag order excuse again. So worn out and pathetic.
All I see in the last paragraph is an offer to engage in a discussion.
It says absolutely NOTHING about ERHC engaging in exploration or investment activities.
No wonder Uganda is having difficulties getting foreign investment if they're taking advice from the likes of PN...
To my knowledge, the Kenya Block 11 A was a disappointment. The yield was not commercial. CEPSA withdrew. The prospects in that block are still rather bad. I'm not aware of any further Kenyan investment by ERHC.
Recently some false and libelous statements were made which I would ignore. Anyone else who further propagates those statements is himself committing libel.
As far as Uganda goes, I'm just going by the last paragraph of the article I posted. Take it for what it's worth.
Krombacher
And did I miss it....did Peter say we have acquired an asset in Uganda? How much capital does it take to check out possible opportunities? Uganda probably has a website listing available assets. Probably doesn't cost anything to look at a website. I saw nothing about ERHC investing in any asset in Uganda. Please expand on this.
Badog
Since when is ERHC energy known for it's successful oil drilling operations in Kenya? Did ERHC have a successful drilling operation....anywhere?
Badog
Wow....now that should raise the sp once investors realize that you think ERHC might be getting investment capital from Shell...and that ERHC could be partnered with Shell on block 4. What investor wouldn't want a piece of that. They should come fighting over shares at whatever price they have to pay. Right?
Lets see if that happens.
Wait....why no news about all this? Why wouldn't Shell or ERHC mention these arrangements? Is that normal to keep these things hush hush? For what reason? Well, maybe this is just more speculation without proof. Gotta keep those massive illusive shorters sweatin.
Whooooeeeeeboy.
Badog
He begging for money. ERHE doesnt have the ability to drill or explore.
Bullshit. Peter goes to conferences all the time and nothing comes of it.
Where do you suppose ERHC got the capital to explore and invest in opportunities in Uganda, if not from Shell?
See last paragraph:
https://thenigerialawyer.com/we-need-a-tsunami-of-foreign-investment-in-africa-says-erhc-energy-ceo-at-uk-africa-trade-summit/
Also, be careful of your libelous comments on something you have no clue about.
Krombacher
Just raised my sell price ERHE to $75.00 a share
jmho
Amazing that guerguerian dickran, erhe's largest shareholder and lying scammer trying to fleece loyal followers, has crawled out from hiding. Since deceit comes naturally to dickran, it's no surprise he/she is right back at spreading delusional nonsense. Of course none of it can be backed up by the facts as dickran him/herself clings to the "not based in reality" disclaimer.
So Shell buyout, no Shell buyout. Shell as partner but nothing from Shell or erhc about it. Drilling in block 4 complete by March but no word of drill ship or drilling from anyone. Dividend claims again as delusional as dickran's sketch headed short seller.
Even stranger and more embarrassing is someone with supposedly mba, cpa, cfa credentials claiming bankruptcy somehow automatically happens when oil rights are lost. Companies file for bankruptcy to protect things. A company with nothing has no reason to file bankruptcy. And not a word about any of these material developments. I guess the gag order is back in play. lmao. Whatever narrative fits, that's lying dickran's outfit for the day.
Still fleecing gullible ones $100 at a time? Despicable.
On November 4, Peter Ntephe speaks on behalf of ERHC Energy at this conference.
This suggests that there's no buy out by Shell and that ERHC and Shell have partnered to drill block 4, instead.
That's why I think we won't see a dividend until March when drilling is likely complete.
https://aecweek.com/aew-2024-multi-faceted-speaker-lineup-to-foster-strategies-to-alleviate-energy-poverty/
But, for sure, no one can say that ERHC lost all of its assets on Sept 30th, the date that all licenses expire, because if that were the case then ERHC would be bankrupt and Peter Ntephe wouldn't bother going to a conference on Nov 4.
The fact that ERHC is at a conference on Nov 4 strongly suggests that the licenses were extended by bringing on an operator.
Krombacher
"The person I talked to would be recognized by most everyone here"
Then why are you afraid to devulge that persons name. Unless its a LIE??????
Actually Chum...the 12 dollars if true is just your potemkin village
hey ssc a million shares of ERHE at Teen dollars a share will do me just fine !
Hey maybe i will sell at $50.00 a share
jmho
So after years of your childish insults and claims of dollars/share and erhe short selling, we all learn that you have a total investment of $412 in erhe. lmao. The stock hasn't traded above 1/10 of a penny for over 6 years, going back to before the Caveat Emptor list and restricted buying. All that bullish blathering and you aren't willing to risk more than $412. Looks like this is the week for bullish liars and bullshitters to be exposed.
Where's dickran? Hiding in the closet with "the other dickran"? Karma never misses.
I don't claim to be a pro in the investment market but I have some experience. As it is I am experienced enough to know that when a company has been de-listed, won't furnish financials, and stops communicating with investors there is a fatal problem. I sold my large stake at .42/share...at a profit. And as far as experience....I just haven't had the experience to deal with a stock that became worthless so no...I never checked the tax laws. Apparently you are experienced in the area of total losses. Too bad for you.
I would have thought that an experienced investor such as yourself could see that that any message board poster trying to convince you to believe what they say...not what you see...is likely a fraud. And yet you still believe in the idea that there are massive shorts. Can you prove it? Your mentor says it is just speculation? Sounds like rookie dd to me.
Badog
First post I've seen from you that was above the kindergarten level. Kudos. Of course it comes as no surprise that your one field of expertise is what to do with worthless penny stocks like erhe that people were conned into buying. Maybe some day you will graduate from the 1st grade and realize dickran's thousands of claims about erhe short sellers were all false (or as the lying sketched head artist now puts it - "not based in reality"). Should not be difficult since no one has ever been able to prove any erhe short positions exist. Here's a previes of the 1st lesson in 2nd grade math - when convinced there are billions but can't find even 1, you've been had.
I didn't get you into this RKT.
For many years I have warned about the scams by message board posters here... and the issues with management But those like you said I...and others like me....were the problem. Had you listened you would not be holding a boatload of .000001 sp stock. You listened to someone that promoted scenarios based on unfounded speculations. He even admitted that his theories were not based on fact. He wanted you all to wait for the short squeeze to sell (if there were ever positive news) so he could unload his massive amount of shares before you and leave you with whatever sp was left in the wake. He had no idea if there were actually any shorts. You still cling to the massive short idea...even though there is no evidence of any. It was part of the scam. You cheered him on while telling me I was off base. And still you see things the way you want to see them. So no....I won't take the blame and be insulted by you or the rest of the group of bagholders.
Badog
Stop the "recognizable name" bullshit as if Sylvan is answering the phone. I've called erhc's corporate number several times and a woman answers the phone. She's the one who told me there have been no changes to the board of directors or chairman in spite of the lies from dickran about Offor being chairman. When I asked why no financials, why no communications with shareholders for years she said she would forward my questions to management and someone would get back to me. Of course no one ever got back to me.
Are you the new liar-in-chief since exposed and disgraced dickran has made a cowardly exit? Better call him for advice because you aren't very good at it.
That's good to know although I doubt I will ever take advantage of it. I will hold my shares as the tax loss would only be $12. I doubt ERHE sp will ever be much different than it is now.....but what the hell.
Thanks for the info.
Badog
The general rule for deducting losses on worthless investment securities is found in Sec. 165(g), which permits a loss deduction for a security that becomes worthless during the tax year, but only if the security is a capital asset in the taxpayer’s hands. The loss amount is determined by treating it as having resulted from a hypothetical sale or exchange of the security on the last day of the tax year in which the security becomes worthless. This deduction can be considered where the taxpayer is unable or unwilling to sell or otherwise dispose of the security in a taxable transaction. Otherwise, the loss could obviously be deducted upon such a disposition of the security under Sec. 1001.
Just correcting the fallacy that you have to sell. So all you have to do is show what you paid for it and what the price was when it was deemed worthless.
For clarification, Kenya currently does not currently recognize ERHC, or any company, as a rights holder in Block 11A.
Click on the block for details.
https://www.petroleum.go.ke/petroleum-block-map
.
Your broker sends out a year end statement. If it does not show a loss how do you prove you had a loss? Especially if you couldn't sell the shares? If the brokerage will sell the shares then it will show up on your statement and you can take the loss....$3,000/yr. I've not tried selling my shares so I don't know what they can do. I just thought I read on this board that USA brokerages won't trade a de-listed companies shares.
Badog
Virtually every brokerage out there will sell your shares and not charge a commission. You just have to call them...
I think you may be wrong as if you can show that the issue is worthless you can take the loss. Just as you can if a company folds up and trading stops.
RKT....lets try again. Can you tell us anything about the person at ERHC that you talked to on the phone? Was it more than a service in India taking calls?
If you don't know then give us the phone # you called so we can track the authenticity of the person on the other end. I don't want to do a google search...I want the # that you called so I can verify who is at the other end of the call. You indicated that it was an actual employee of ERHC. I don't think it was but lets find out. Or are you as phony as your leader?
Badog
One problem here for USA citizens is that you cannot deduct your $3,000/yr tax loss if you can't sell your shares. Just for the record, if you can sell your shares you can keep deducting $3,000/yr until you run out of loss which could be a life time of tax filings for some. But again, if you can't sell you can't take the yearly loss on your taxes.
The leader of the short squeeze group may well have several lifetimes of deductions. Maybe he/she will try to file multiple lifetime tax returns losses to combine multiple $3,000 losses. I doubt the IRS will be as easy to manipulate as some of his/her message board followers.
Badog
I guess I will never understand how certain people are so attracted to greed and the idea of wild riches they cannot determine fact from fiction and become willing to fall victim to any con man even when others point out the obvious lies and flaws in reasoning. This is how one gets STUCK. No way out. I guess it is so hard when you realize that you have been had...and that you have lost a lot of money...it becomes too hard to admit that it's over. And then to allow yourself to get hosed even more by a message board poster/conman....well that is even more unbelievable.
Hadn't seen any post by lovemelongtime for quite a while. I wonder if that person finally realized what was going on?
Badog
Hard to believe this lying scumbag had the audacity to refer to his "70 loyal followers" while he was trying to fleece them in real time. Anyone trying to find this guy, for service of legal claims or other reasons, the SEC database has all the information on 13G filing by erhe's largest shareholder aka krombacher:
The odds of this happening are slim to none. Just as much as anyone believes you actually talked to someone at the company.
Odds are we'll hear a whole new delusional, deceitful, desperate narrative soon. dickran and "the other dickran" are probably working hard on it as they both agree that "share price doesn't matter" and "it's not a lie if you say you believe it". Rumor has it dickran's sketched head of a make believe short seller is in the dumpster because he couldn't make it stop laughing. Now hard at work on sketch of a team of lawyer heads.
Of course, now that Krom is hiding again his head in the sand, hoping to get away with his lies…. By repeating on a daily basis his bullshit, he started half the topics, the other half are people putting him at its place by simply pointing out facts.
He’s probably working on a new made up narrative , he’s actually just made up a new story about block 11a in kenya….. all from the new parallel chat he created and charging his minions to join called the Gus bus….. where he collects money and supposedly give it back to his imaginary Nigerian friend
Looks like this board is going to be pretty quiet now. Almost impossible to scam this any further.
Badog
I know it's difficult for some people, but try facing the truth. dickran has lied for years about everything from done deals to massive short positions. Why? Sometimes it's so simple - dickran lied because he dumped six figures into 400 million shares and was/is willing to do or say anything to get out with a profit. Unfortunately erhc insiders screwed him and all the other erhe shareholders after the reverse split. They continued to issue more toxic debt leading to 3 billion more shares of dilution even though dickran swore they would not. The biggest tell of all was that management did no buying, and Offor own less than 5% of erhe even though dickran implored everyone to believe his lies about share ownership and not believe official SEC records.
Flying in the face of a share price near zero for 6 years, a company so badly run that brokers in the U.S. won't even allow their customers to buy its stock, and management that hasn't complied with SEC filing and disclosure regulations for all those years. Sad that the best question you come up with is about a source even though you quote a switchboard operator with no information. In the case of dickran and erhc, your loyalty has become foolhardiness. Hope it hasn't cost you too much.
"Yes, directly from the bullshit source". Ok Name the source
So....Did he cry on your shoulder and tell you everything..just like that
Talk about the eggplant buffet - how about someone openly lying and scamming gullible investors on a public message board where everyone knows his actual name. That's right, dickran just couldn't control himself from bragging about owning close to 400 million shares and then taking the bait and filing SEC disclosure documents containing all his personal information. Those burned badly enough to consider legal actions, see this sticky post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170564093
and the following link with all the pertinent info regarding this one and only 10% erhe shareholder:
https://www.sec.gov/Archives/edgar/data/799235/000180220820000006/sc13ga2.txt
I agree....0 shorts. I actually stuck a fork in this long ago but for $12 and 60,000 shares it was worth the risk of anything positive happening and giving me any kind of return.
Badog
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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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