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So much for Aramco. I look forward to learning how ERHC was “respected”.
São Tomé and Príncipe - Shell signs contract to explore oil block number 4
The British oil company, based in London, acquired 85% of the participatory interests in block four of the exclusive São-Tomese economic zone.
The production sharing contract provides for the payment of a subscription bonus in favor of the archipelago.
https://rtpafrica.rtp.pt/noticias/sao-tome-e-principe-shell-assina-contrato-para-explorar-o-bloco-de-petroleo-numero-4/
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LMAO. There either won't be an announcement or if there is an announcement, it won't be from a trusted source.
Same old empty bullshit. If bidding 10 cents would start a short squeeze run to $8 (or even 80 cents) why aren't those who stand to profit $billions doing it? Everyone knows why - because there are no shorts to squeeze. Same reason the baseless claim that erhc was tallying up all the non-voting shares created by short selling ended up on the dickran dung heap along with the Shell bidding war and the gag order link debunking.
Faced with put up or shut up when it comes to a deal actually getting done, proving shorts exist, or erhe shares moving above even a penny, dickran and his mindless minions always take the shut up option - that's all they got.
Offer to buy not to sell.
Stop playing games.
Shorts will lose a serious amount of money. So consider being more serious.
Play your cards right and you might escape with 10 cents
Or play games and pay the price.
You choose.
I already offered my shares for sale. No one bit....No one. Where were you?
Offer me .50/share. I just might go for it. That will really show those shorts. Maybe you will get your $8/share. How much do you believe your own story?
Badog
BLAH BLAH BLAH BLAH more unfounded bullshit
More unfounded bullshit.
Once an announcement is made, your window of opportunity for 10 cents will be long gone, because longs will have a backstop as a dividend or buy out price and won't be in any hurry to get out at "T" and instead will wait the 4 days for T+3, because they'll have nothing to lose by doing so.
The ONLY time a back stop doesn't exist is BEFORE an announcement and that window is closing too.
Better act.... or choose cowardice.
Either way is fine with me. I actually prefer short sellers to choose cowardice. It's more delicious.
Krombacher
I'm sure there are enough longs to take you up on a 10 cent offer to help you cover any short position you may have, but you'll have to make that offer before any announcement... and if you make that offer, although you'll escape, you'll seal the fate of any short seller brethren who will very assuredly get caught up in the short squeeze that follows, because there are plenty of longs who will wait for it.
So do it before the list of impatient longs dries up completely, but your fellow shorts are going to hate you for doing it.
Krombacher
Faced with put up or shut up when it comes to a deal actually getting done, proving shorts exist, or erhe shares moving above a even a penny, dickran and his mindless minions always take the shut up option - that's all they got.
Well come on then....show me the money!!!
Badgo
I would be a bit taken back if someone was encouraging me to wait till $8 so they could unload early. All the while using the short squeeze senerio when no one can find any shorts.
It will be interesting to see what happens when millions and millions of shares are dumped on the market. Hell....I don't know if that opportunity will ever happen anyway.
Badog
Big claims about deals, geopolitical implications, announcements "coming soon" yet price remains near zero and mindless minions are still obsessing over a 10 cent trade. Imagine a 10 cent trade keeping a stock from going to dollars/share, keeping it near zero. Just more desperate, delusional bullshit - big talk about a tiny stock price while the fact is nothing has changed for over 6 years.
At least you admitted the Total done deal claims were pure bs and that you realize the $8/share epic short squeeze nonsense is so ridiculous you won't even express an opinion on it. Good for you.
Meanwhile the bullish dung heap keeps growing. Recent additions include erhc doing a count of non-voting shares related to unproven short selling, the Shell bidding war, 12 full time employees, big meeting in Sao Tome, the "condo theory", and now geo-political smoke screen. The bullshit pile is the only thing related to erhe that keeps hitting new highs. A ten cent trade can't keep that huge pile from going up lmao.
Pumpers along time ago tried to play the geopolitical bullshit fast track hype. Didnt work then. Not going to work now.
You are obviously ignorant of the fact that shorts covered more than 5 years ago after it had already been subzero for some time.
and your one of the SHORTS in trouble and getting worried...
Didn't say we didn't have a deal..I said Total was playing games and it may make ERHC even better an outcome
More of your bullshit
Wow the shorties are doing a collective shaking today. lol
Nice to see someone else finally realizes dickran was lying all these years about a done deal with Total. But erhc being an ace up anyone's sleeve with its no cash, no reporting, Caveat Emptor status mess? And you actually think shareholders will share in any future erhc good fortune? No wonder you follow the "if everyone says today is Thursday it must be Saturday" investing strategy.
OH so now it's condos? LOL. You were right. They definitely see the bullshit that is coming from the clown squad. BTW.
PPS = .00000000000001
Now there is a new one. LOL Nato????? LOL
How do y’all propose we would make any money since the stock is basically untradable! A complete buyout of the assets? Providing of course we do get some good news
The problem he'll have selling is he can't do it on the sly without risking jail time. He'll have to file every time he sells until he drops below 5%.
Personally, I don't think he'll have that problem: I don't think he'll be able to sell at all.
I think he's a stuckholder unless some miracle happens and the Nigerians running the show decide to not take it all (assuming there is ever anything left to take).
Total had not committed to rights with ERHC on block 4..Greed sometimes loses as Total may be finding out
Aramco has money to burn (4 % on 2 trillion dollars is 80 Billion dollars a year in interest and they are getting more than that in their investments)
An impasse (per Sao ANP) was the state of Block 4 and that is why Aramco was invited in.
I am afraid the problem with Shell and Total and others involved is the fact that Nato countries have been use to stealing assets from Africa and other places deemed not worthy to make "too much" on their assets has come to an end.Near eastern countries like Egypt and Saudies and others are done with the bullying and so US and some Nato countries are bringing war to hold on to what influence they have left and that is effecting the activity in the EEZ and JDZ at this point in time. Aramco wants assets out of the Middle east tension and possible wars coming
That is why everything is different now..Geo-political forces are driving everything in the world now.
That has opened up the opportunity for ERHC and SAO Tome (Not as dumb as thought by the oil Companies)(and Nigeria)to be found in the cat bird seat.
Shell has mis-stepped and mis-calculated as Sao Tome kept an Ace up their sleeve this whole time and that "ACE" is ERHC...smile
Its all part of the long con. Telling others to hold while he unloads. Hes a bag holder and hes going to be dumping and hes not waiting for a dollar either. LOL
I think most of your compadres know why you are pushing the short squeeze senerio.
More power to ya if you can get them to wait till $8. Better for you. You have lots of shares to unload....right.
Badog
So Total has acquired blocks 1,2,3 and 4 and announcement soon, UNLESS, bidding war going on for block 4, but what happened to the "consortium" claims? And all this going on without a word slipping out. All these players but total silence. And erhe on the brink of dollars/share but the stock remains near zero. A bit of a stretch, yes? And how does something on a website, like the xrimlinger.com you refer to, get taken down in secret? When it's gone, everyone knows it's gone - so what's the secret? Oh what a tangled web...
Best part is the typical dickran bullshit dodge - an announcement on block 4 soon, UNLESS... so as another "soon" comes and goes dickran, the consummate twister, squirmer and dodger, can always rely on a multitude of unless excuses. Always has, always will.
IOW more of your bullshit.
If I were buying a bunch of condos in an existing condo building with the idea of acquiring the entire building, I wouldn't want every condo owner to know that because one of them could "hold out" for an extravagant price. I would want to do it all in secret. I want the whole building to gain synergies by leveraging an area wide development.
This explains the strict secrecy that Total required in the form of a gag order. Explains why xrimlinger.com took down block 3 in secret. And so on.
But now that Total has announced its acquisition of block 2, already had block 1, probably picked up Oranto's block 3... the secret is out.
So there can be an announcement on ERHC's block 4 soon, UNLESS, Total is in the midst of a bidding war with Shell and Aramco.
All good for us. Bad for the shorts.
Krombacher
lmao. Another new twist. So how does your "condominium theory" work? A publicly owned developer makes a deal to build a multi-billion dollar condo complex and then keeps it a secret. On top of that, all involved parties also manage to keep it a secret. As a result, the developer's share price remains near zero and its shareholders are driven to create and promote one lie after another to try and get even a few pennies for their shares. And the oddest thing is the developer never even begins to build the condos but assures shareholders a share price of dollars/share is on the way. He would tell them when, but a gag order is preventing him from providing any meaningful and factual information. But really, it all will happen eventually, maybe in a decade or two.
Is that how your new condominium bullshit works? My, my, my, it just never ends. What happened to the Shell bidding war? More made up bs? Might as well keep churning out the crap - the credibility of your posts can't sink any lower. This "condominium theory" might be even more ridiculous than your recent self-debunking gag order link.
Two words: condominium theory
Krombacher
Shorts would love to make gains on their 60,000 long position, except that they'll lose a lot more on their multi million share short position.
So I guess I'm not seeing how you would love anything having to do with shares in the dollars?
Everyone sees the bullshit... trust me.
RTK989...I would love it if you are correct. I don't have the huge number of shares that some of you do but even $2 x my 60,000 shares is pretty damn good based on the purchase price of $12....total.
We will see. I hope many of you end up millionaires.
Just not sure how this gets to $2 based on it's 2.5 billions shares.
Badog
More unfounded bullshit.
So why no announcement from erhc, Aramco, or STP? Did you simply make up this claim:
They would not have signed on to block 2 if block 4 was still up in the air. Apparently Aramco has made a deal in Block 4
The deal in block 2 by Total is the first announcement of many to come .They would not have signed on to block 2 if block 4 was still up in the air. Apparently Aramco has made a deal in Block 4 overcoming the impasse reported by the president of the island nation and participants (Total,ERHC,SAO TOME and ?)
I think Emeka Offor was holding out for a better deal than Total wanted to give them(wiggle out of original agreement or would not agree with what the findings of Block 6 drill results would infer and not pony up the monies ) and would not go forward until resolved. Total has more than enough on its plate off Namibia and Aramco was willing to fill the gap.Good things are coming and coming quickly to shareholders of ERHC
If you are commenting on this issue why dont you know this.
The end is near. Longs will celebrate. Thanks Krom
You keep for getting that this issue is untradeable. Not to mention shorts covered over 5 years ago when this issue cratered. So your scenario is bullshit. Again
LOL Whats logical is the fact that shorts covered along time ago when this issue cratered before it hit the grey market. No reason a short would hold when the issue is virtually worthless. Most learned investors know this as opposed to the penny pumpers.
Well, since the info page on here even lists ERHE as trading on the greys, it has been a longggg time.
When did this stock get sent to greys and have CE thrown on?
Anything above the buyout price is good for me...2-4 dollars seems reasonable
Krom....
I said before that I would love to get $8. But that will never happen. Those that wait for $8 will be the losers. They will be panicing as the rest of you are dumping and the sp goes lower and lower. Just my opinion but I believe it has more merit than the massive short squeeze you promote.
Badog
I still contend that the argument for being massive shorts is worse than weak. I would love to get $8/share. But this is all a scam IMHO. The massive selling at a cheap price will blow any idea of getting a larger price. And that is if it ever gets any actual positive news period.
Badog
There we go. Add "may have been" and "no one knows" (a rare tinge of reality slipped in lmao) to the if's and but's bs rhetoric. A more honest, truthful statement would have been: No one knows if there will be a margin call on shorts because no one knows if there are any short positions at all - for sure dickran and his minions haven't been able to provide any. Unless you subscribe to the latest asinine logic that because everyone says today is Wednesday, then it must surely be Saturday.
I prefer the logic of the market: Because erhe's price has been below a penny for over 6 years, that proves no one believes erhe is worth more than a penny, and absolutely not 10,000% more or, lmao 8,000% more. Pay little attention to what people say; focus on what they do, or in erhe's case, don't do.
For those who prefer demented, delusional, desperate, deceitful logic, ponder the ridiculous idea that claims Offor owns all the erhe shares but won't take any action to address the supposed short seller attack that has pegged his 3 billion shares to near zero for over 6 years. Or how about erhc management - they have stated that financial woes are preventing them from finding a partner, but they too do nothing to address the alleged short sellers or to explain that a gag order is preventing them from complying with SEC regulations, keeping erhe on the Caveat Emptor list, standing in the way of dollars/erhe share, and denying shareholders billions of dollars of profits.
Looks like the eggplant buffet is quite busy these days.
No one knows what the margin call price for the shorts are to start the T+3 clock ticking, but a pop on news will surely breach that price for many shorts.
Krombacher
https://www.londonstockexchange.com/news-article/TTE/sao-tome-principe-totalenergies-acquires-an-offshore-exploration-license/16538797
Block 2 may have been the condominium theory puzzle piece we've been looking for!
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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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