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Not La La Land. Those in touch with reality realize even most U.S. brokerages, OTC Markets, and the SEC have all taken serious steps to keep gullible or just plain stupid investors from buying a company like erhc. I enjoy being on the right side of this piece of crap company. Calling the truth "bullshit" can't change it from being the truth. Enjoy erhe shares near zero as they have been for over 5 years.
Where is the done deal? Now that's bullshit.
Where are the dollars/share? More bullshit.
And that's the facts.
Bullshit, nothing but baseless, far fetched, irrealistic bearish bullshit.
How can one say he is avoiding ERHC....!?!
While it might be foreign to anyone who still owns erhe, a large and very important part of an investing strategy involves limiting losses. By avoiding erhe since it began using convertible debt many years ago, astute investors did not suffer as the stock fell from near $1 to present level near zero. They also avoided having funds stuck in this loser while markets made all time highs again and again.
Not rocket science - try to avoid losers, a cornerstone of a profitable investing strategy. Even novice investors were helped to stay away by the otc markets skull and crossbones rating, the SEC revocation action, the assignment to the expert market, and inclusion on the buyer beware list where brokers try to protect gullible investors from non-reporting losers like erhe. Lots of "Mother Teresa's" out there working to keep people from buying this junk, but a small group of investors didn't listen and guess what? They are stuck with almost all the erhe shares and no way out as the price sits near zero with very little buying interest.
My dear ERHC interested friend,
The investing strategy for erhc is basic common sense:
Avoid Caveat Emptor, skull and crossbones, expert market, non-reporting companies with SEC revocation action underway, particularly when stock price has remained near zero for over 5 years and management no longer communicates with shareholders.
Obvious other red flags for erhc:
Largest shareholder, accompanied by small group of investors who are stuck with almost all the erhe shares, create and promote steady stream of baseless claims, false rumors and outright lies regarding things like short selling, buyout deals, waves of new buying, made up legal actions, and 100,000% price increase on the way lmao.
This is not rocket science.
Back to the sketched head with the made up Facebook account and pretending the sketch is an actual person; and pretending there are actually large erhe short positions when in fact there is no proof any more than 55 erhe shares are held short? Pathetic and embarrassing.
Where is the done deal?
Where are the dollars/share?
Where is the information supposedly promised by erhc executive during private phone call many years ago? Oh yeah, that was another made up story.
When reality sucks (like erhe price near zero for over 5 years), just make something up.
The goal of that strategy is to protect the investment of the lying scumbag on Facebook that shorted HUGE amounts of Erhe shares
That is a pretty conclusive summary regarding ERHC, right?
And what is the goal of that ERHC summary?
You know... the 'ERHC investing strategy' behind this ERHC summary?
I don't either. I am only interested in the facts. Things like:
There is no proof any large erhe short positions exist.
There is no done deal.
erhc management refuses to file required SEC financials which has caused in a temporary trading suspension, listing on the Caveat Emptor list, assignment to the expert market, otc markets skull and cross bones rating, all of which have resulted in a share price near zero for over 5 years and no sign of anything changing.
A sketched head can't trade stocks.
erhc's largest shareholder guerguerian dickran has spent years creating and promoting baseless bullish claims, false rumors and outright lies.
There should be no room for any bullshit regarding this stagnant company, bearish or bullish. Unfortunately, there are no bullish erhc facts so bullish bullshit abounds.
Where are the dollars/share?
Where is the done deal?
ERHC longs don't care about baseless, bearish bullshit.
Sketched head that was supposed to be an erhe short seller didn't fool anyone, now claims that SEO is a large erhe short seller - just as ridiculous and void of credibility. After more than 5 years of the offshore, then Canadian, now SEO totally asinine claims of billions of erhe short shares, NO ONE has been able to provide a shred of proof to support any of it. But when shares are stuck near zero for over 5 years and a silent company, it's no surprise there is nothing better to discuss.
Hey dickran:
Where are the dollars/share?
Where is the done deal?
Total bullshit, but the toxic debt converters still love you.
"Youve always said I was the best"?????
Hmmmmm which handle did you post under before one this which was invented in 2023?
Yes, we are thankful to the dumbazzez. Some need to accept it, but can't evidently.
They keep on spreading their gospel, for what reason no one knows...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172000515
In just the last 5 years, according to Etrade data, erhe has traded close to 3 billion shares, all at a price next to nothing. So if buying billions of shares for next to nothing, holding them for over 5 years as the share price has gone nowhere, and being stuck with all those shares because of management silence, SEC violations, Caveat Emptor list status, and erhc's decision to operate like a private company is in some bizarre, new erhe paradigm way something to be thankful, then I'm sure all the toxic debt converters and anyone else able to unload billions of erhe shares give you a big your welcome (and thanks for the profits).
Dont forget those of us who warned them to stay away from the shareholder offering. But they wouldnt listen and got hosed on that deal also.
Sigh...
I told SEO also GET A LIFE, ssc.
Interesting. So SEO is a huge short seller of erhe shares. Did you ask him to explain why none of his short position shows up anywhere? Is his short story believable even though FINRA reports only 55 shorted shares? And exactly how much trouble can a billionaire like SEO be in with short shares of a stock that has been stuck near zero for over 5 years?
Sounds like SEO is having the last laugh at dickran's expense.
Thanks for the clarification of that post.
I had founder and owner of ERHC SEO today on the phone, I told him to stop acting like a fool, and accept the mistake he made. I told him not even a little kid would believe he would be spending thousands of hours on the internet, just to "expose" a longterm investor like Dickran G. with his, supposedly, baseless, bullish bullshit. Sigh...
I told him we all know he, of course, is still a huge ERHC stakeholder that betted against ERHC, via a huge short position. Either way, he has to face the consequences.
Evidently he is in such huge financial problems, that he will keep trying what is not working, for years now.
Poor bozo.
It's called keeping the price down. It's a strategy. LOL
61 shares..LOLOL....Was that a "whale" buying all those?
You guys bumped it up to 61 shares today. LOL
No, I mean those fortunate enough to have stayed away from buying erhe as it fell from close to $100 to almost zero. Liar dickran is just where he deserves to be - stuck with 400 million worthless erhe shares and making up one baseless claim, false rumor and/or outright lie after another to try and get out. Sorry, dude, but:
Where are the dollars/share?
Where is the done deal?
In what world is the election of a new Chairman of the Board of a public company not a material event? Oh yeah, the world of the new erhe paradigm, invented by dickran him/herself and founded on lies. Simply despicable.
We do not mean:
Unfortunately, no one (except for those who speak to erhc insiders on a regular basis) knows the answers to those questions because whoever is making the decisions has chosen to operate in silence and not disclose such material information. No one knows the actual status of the litigation, the conditions of any gag order or if a gag order is still in place, the terms of any deal or if anything from the 400 page document is still in effect, or if any future erhc success will be shared or even disclosed to shareholders.
In light of the void of erhc information, I guess it is understandable that stuck erhe shareholders might become obsessed with the investing strategies of those fortunate enough to have stayed away from buying erhe as it fell from close to $100 to almost zero. After all, there hasn't been anything from erhc to move the share price from near zero for over 5 years.
Can you tell me who at ERHC decided to go along with the litigation, and why? Who hired the lawyers etc...?
According to you Sir Emeka Offor and management hardly have any shares...
Why the litigation... and for whom?
Good questions, right?
The erhc dialog has regressed to an all-time low. With the reality of a share price near zero for over 5 years and management that has decided not to comply with SEC disclosure regulations as an anchor, there is no longer any interest in actual business developments (i.e. partners, drilling, etc.). Instead we have:
Ongoing baseless claims of huge short positions held by a sketched head with a fake Facebook account and nothing to prove any short positions even exist,
the largest erhe sharehold guerguerguerian dickran continuing his/her stream of baseless claims, false rumors and outright lies with his/her latest declaration that the election of a new Chairman of the Board would not be a material event OR, if that bullshit doesn't float, that it is prevented from being disclosed because of a gag order. In his/her classic, self-defaming style, dickran claims it would be ok for erhc to release news of a new Chairman to a conference committee but just not to its shareholders or the general public and then rapidly pivots to the asinine logic that a new Chairman would not be a material event because AFTER that news leaked out the erhe share price remained near zero.
Top all this off with new stories from a new participant claiming to have regular dialogs with SEO, the contents of which are completely unbelievable and worthy of entry into the bizarro world of the new erhe paradigm which was founded by dickran and based, indisputably, on lies.
So as the Caveat Emptor listed, skull and crossbones, banished to the Expert Market, non-reporting, SEC regulation violating erhe stock continues to languish near zero, there is always a new baseless claim to debunk and there is always a void of anything to move the share price to even a penny.
Mr./Miss dickran:
Where are the dollars/share?
Where is the done deal?
At least you have the patience to sit it out with us, evidently.
Don't you wonder why SEO doesn't pull the plug on ERHC?
That is what SEO exactly said to me, too...
I'm getting the impression here that some ERHC investors evidently aren't that happy with an eventual rising ERHC shareprice? Peculiar...
Man o man. Ive heard about rivers of oil, super computers, buy outs from Total. All of which havent come true. But it must be a heck of a deal with this trading at .006. and being a non trading non reporting issue.
Liar and scumbag stuck long on Facebook can't defend made up phone call to erhc executive, continues with erhe short seller claims but can't offer any proof that erhe short positions even exist. No proof, no links, nothing but scumbag lies about non-existent ehre short sellers 24/7.
Liar and desperately stuck largest erhe shareholder guerguerian dickran just can't help himself Whether it's the old, worn out, recycled, baseless claims about erhe short sellers of which he/she can't provide even a shred of proof to prove their existence, the more recent nonsense about waves of African buying that were supposed to cause margin calls and short squeezes (never happened of course), the latest assertion that electing a new chairman of the board would not be a material event, or then back to the old standby gag order that somehow allows 8-K's about financial difficulties and litigation developments but miraculously prohibits disclosing a new chairman.
The web of false rumors, baseless claims and outright lies by dickran is so thick and tangled, dickran has to resort to sketches as if they are reality and a dual personality "other dickran" to consult with for reassurance. Meanwhile, erhe price near zero, volume near zero, waves of buying near zero.
Where are the dollars/share?
Where is the done deal? What could be standing in the way of getting it done now?
You think SEO, who is the chairman of the board at ERHC is spending his very valuable time spreading negative rumors about ERHC because you allege that he has a large short position?
I'm sorry dude, but based on what you're saying, i don't think you really understand how much trouble short sellers (new or old) are in... but good luck to you in attaining that understanding.
I have a feeling that by the time you do, the waves of African buying will soon come to an end... and then it'll be a short squeeze like you've never seen before.
Krombacher
No, I only said to SEO that he is desperately trying to keep the share price down.
He confessed to me that he indeed is trying that... an ERHC share price going up again would financially kill him, so he has no choice other than to spread daily baseless, bearisch bullshit into the world about ERHE, just "for the good of the world" as he is using one of the poorest/lamest excuses of all time.
He still thinks readers must be idiots... what a bozo...
Fernando Rica,
I'm just glad there was yet another stupid short seller who got ensnared into selling the Africans some of their 20+ million shares.
That short seller will never get those shares back.
ERHC is quite the honey pot trap for short sellers.
Krombacher
Sounds like SEO agrees that dickran guerguerian is lying about the billions of erhe short shares, lying about erhe short sellers, basically agrees that dickran is a liar in general. Did you also get SEO to confirm whether or not he is erhc's Chairman? lmao
You're claiming that Erhc's largest short seller is Emeka Offor?
Well, given that ERHC'S largest short seller also has short positions in other stocks having nothing to do with Nigeria, I find your claim to be preposterous.
Krombacher
SEO literally exploded when I told him he is a shameless, baseless, bullshitting ERHE shorter.
He said: Prove it !!!
I said: I'll prove it after you explain to me how the hell you can justify it, to throw almost 15.000 upset posts on the internet (facebook and elsewhere) about ERHC, claiming and shouting that there are no ERHC shorters... Spending 17 years of denying this, while at the same time claiming that you, SEO, have no shares, no interest in ERHC whatsoever anymore.
I'm still waiting for his explanation, of course. The brutality, him thinking that we must be idiots... I told him to get real, and step out of LA LA land...
Just proving again that baseless bullshit claims about erhe short sellers are repeated again and again but no one is able to provide any proof erhe short positions exist. There is however indisputable proof that erhe shares remain near zero as they have been for over 5 years.
Facts matter, price matters - that's how it works all over the world.
But there is now a small art collection - sketched head of the made up erhe short seller, sketch of Offor with Chariman of the Board t-shirt, and a revealing self portrait of liar dickran with "no links ever" stamped on his forehead. So amusing and embarrassing.
I asked SEO why he is posting negative, baseless bullshit about his own company around the clock, since december 20, 2006. Is it his intention to buy himself back into the company on the cheap, since he evidently has no ERHC shares anymore?
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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