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Krombacher
03/03/10 9:35 AM
#202555 RE: badog #202551
Hi badog,
the insider info thing was discussed thoroughly here. Insider info, once posted info, becomes de facto public info. Mark can get insider info and so long as he doesn't trade on it, it is ok for him to have.
Then he posts it here, thereby instantly making it public, and hence trade-able after that point.
While I am not a lawyer, another poster, who says he is a securities lawyer, interamericatech concurs with this logic.
That's why it is actually in Mark's best interest to post any non-public info he gets in order to make it public, and therefore ok to trade on.
Krombacher
You stated that posting info on a stock forum was all that was needed to make it public knowledge....and then tradable. So why not go ahead and ask for insider info and then post it here after which it is tradable....according to you.
Badog
As I have stated many times before, I'm not a lawyer and therefore don't give legal advice.
I asked Meta AI, and it doesn't work that way.
Although Meta AI is not a lawyer either.
You should consult a lawyer to get a definitive answer.
Krombacher
Agreed on the timely information. Would love to know what Total is doing on Block 1 since I believe their one year extension for Phase I has expired.
.
OH that's so convenient right? Dude, you don't have any info. You never did and never will. It's more bullshit from you.
Why you so mad bro? You hate being exposed for being a con artist?
Problem is, you've been creating and trying to promote rumors about dollars/share "any day now" for all those 20 years and the stock is still near zero. The hard truth is that people don't live forever, and your "hold on until infinity" cop out won't make anyone who owns erhe shares a billionaire. The fact is, current stuck erhe shareholders would be thrilled with 10 cents and happy with even a penny.
So where are the Shell bidding war and the erhe dividends? On the way to dickran never never land to meet up with the fake African Queen, $8/share epic short squeeze, done deal dollars/share buyout, and asinine spv with signed contracts tales?
I requested them NOT to give me any information if they deem it to be confidential or insider information and only give me information if it's public information or part of Sao Tome's version of a freedom of information act request. I also requested that Sao Tome be timely about putting any information for public consumption promptly on their website, because there are many who have an interest and would appreciate the transparency.
They agreed.
I have received no information so far of any type.
Krombacher
20 years is par for the course. Most billionaires except for someone like Zuckerberg take at least that long.
Our day will come. I'm very certain of it.
Krombacher
Overnight? How about over 20 years? lmao. What happened to your African Queen who you supposedly lol helped get set up in Canada? You remember, the one who was going to pay up to $1/share and cause the epic Game Stop type of short squeeze you have been lying about for 5 years or more? Are all the dickran baseless claims, false rumors and outright lies your definition of "hard work"? I agree it must take a lot of effort to come up with as many asinine, bullshit bullish stories as dickran has. And now the Shell bidding war and the erhe dividend. The stream of desperate, delusional dickran crap is never ending.
Becoming a millionaire or billionaire doesn't happen over night, lots of work is needed.
That said, the work required for you to search your contacts for a Canadian "helper" seems like minimal effort to become an ERHC millionaire or billionaire. But to expend that effort means you really believe in this investment to be motivated.
The shares can be had for a bargain, in my opinion. Are you enterprising enough to make it happen?
Krombacher
shit is getting deeper in the short house
jmho
Haha, you will NEVER get an honest answer from him!
A fool and his money are soon parted.
I would like to buy more shares, Please tell me how to buy on the Expert Market.
Bullshit. ERHE has no proven oil. Weve heard the fast tracking bullshit before and nothing has moved this POS.
More huge bullshit. Only idiots want 400 million shares of this POS. Funny thing is you think you actually matter.
LISTING OF SSC’S LIES DOCUMENTED HERE!!
I'm not here to play your childish side step word games. Anyone who actually believed your asinine claims that this $.0001 stock is going to $2.50 or more would find a way to buy it. Obviously no one, African Queen included lmao, believes the dollars/share bullshit lies of guerguerian dickran. Please stop lying about no one being able to buy on the Expert Market and acknowledge the fact that there is simply no interest.
And no, nobody believes your latest Shell bidding war or erhe dividend nonsense, particularly those who trade the Expert Market.
Why don't you tell us how to buy on the expert market?
Go on. Do it. I dare you.
Are you scared we will buy a bunch of shares if you tell us how?
I bet you are.
Let's watch you side step this question as predicted
Krombacher
Put aside all your wait-until-infinity and too-cowardly-to-admit-you-are-wrong bullshit. You've been trying to hype this stock for a decade and it still sits near zero. But are you now trying to promote the lie that no one can buy erhe shares on the Expert Market? Is that really what you are trying to do instead of facing the fact that no one believes your dollars/share, African Queen, short squeeze, sketched head nonsense, and that no one has been willing to pay more than 1/2 a penny for erhe shares for 6 years - both before and after it was banished to the Expert Market?
What reason would someone have to lie about something like that so blatantly? Probably the same reason for baseless rumors about Shell bidding war and erhe dividend. Everyone can watch and see the real truth. Sorry if a mindless minion considers stating facts as an attack. They are simply the facts.
Spewing more hatred won’t help you cover your huge Erhe short positions.
The ones who will succeed in this investment:
1) recognize the intrinsic value of oil in the block
2) have the discipline and consistency to stick with the investment to fruition and can weather the required patience involved.
3) can see through your bullshit and recognize who the shorts are and not allow themselves to be deceived by them
4) truly understand the difference between value and share price and that share price eventually does converge to value
Those who get it, will become very prosperous with this investment, in my opinion.
In the meantime, keep dodging the question as to how someone can buy shares on the expert market... the more you dodge, the clearer it becomes that you're a short seller.
Krombacher
Maybe there are "many who only wish they could own 400 million shares". But there isn't anyone who is willing to pay to acquire them. That's why you and your mindless minions who followed your asinine dilution insurance scam own close to 2 billion erhe shares. I'll bet there are many of those minions who only wish they could find someone to sell those shares to for more than they paid for them.
And of course, there you go again:
With the baseless claims about short positions when you can't provide any proof they exist
and
your lies about who can buy erhe shares as everyone knows they trade in the U.S. on the Expert Market. The truth is that no one anywhere in the world (including African Queens lmao) are interested in paying more than 1/2 a penny for erhe and it has been that way for 6 years.
So now the latest "new narrative" is all about Shell. Everyone can watch and judge for themselves how dickran's bullshit bidding war and dividends claims pan out. Any decade now, right? My guess is they end up on the same dickran dung heap as the Total dollars/share done deal, the SPV with signed contracts, the epic $8/share short squeeze, and all his/her other debunked, delusional debacles.
There are many who only wish they could own 400 million shares... and shorts especially so because they would love to cover.
... block 4 source oil commands and drives the entire process currently underway with ERHC, Shell, Total and STP and maybe even Kosmos. They want the oil, so they're going to ultimately cooperate.
But I'm afraid that anyone who wants shares is going to have to get non American citizenship or find a Canadian friend, if they want precious shares in ERHC worth dollars but selling for a fraction of a penny by short sellers who have no choice but to do so in an unsustainable strategy.
Krombacher
The nigerians took you to the wood shed. They got you to buy what??? 400 million shares of this POS. Its you who got Owned.
At the poker table, best thing one could hope for would be playing against someone who thinks holding 400 million shares of a non-reporting company is a good hand. Next best would be playing with someone who thinks a sketch of a head is a real person who can short stock. 3rd best would be a known liar whose failed bluffs have been debunked about everything from done deals to African Queens to epic short squeezes to SPV with signed contracts. Fill the last chair with someone who claims in the stock market the share price doesn't matter. gueguerian dickran would qualify to fill any and all of those 4 seats and the delusional greed and hubris he/she has been displaying for so long makes dickran the patsy of the decade.
Where's that Shell bidding war? How about the erhe dividend? When will it be time to fold those asinine bluffs and start yet another new narrative? It just never ends.
The SEC officially dismissed the case for stock revocation.
I'm surprised you didn't research that before heavily shorting the stock at such low prices that not even other shorts would short at.
If I were to rank all the shorts from king to queen all the way down to expendable pawn... guess which rank you would take?
On that chess board, I think you would be the pawn. Because you got p'owned.
Warren Buffett: "at the poker table, if you don't know who the patsy is then it's probably you"
Krombacher
Yeah, you missed it.
Now you can post a few hundred BS
Boring ridiculous post. Even if only you read !!!
Is this thing delisted to the black market yet?
Any day now? Of course your history of falsehoods shows you mean any decade now or never. In other words, you have nothing to support your latest Shell bidding war and erhe dividends claims just like 10 years of your already debunked bullish bullshit.
African Queen? SPV with signed contracts? Done deal buyout? Dollars/share? Epic short squeeze? And the lying hits just keep on coming. Such desperate, delusional, demented, deceitful and despicable greed and hubris. So dickran.
I know how frustrating it must be for you to be in this investment for so long unable to cover a short position which has only grown.
Don't worry, you'll be put out of your misery any day now.
Krombacher
Now it's back to 6 year old information? Where's the shell bidding war? Where is the erhe dividend? Where is the buyout announcement you said was going to happen "any day now"? That was 8 months ago. And no, I am not making this up and I am not taking anything out of context. Here is what you actually posted as you continued to spread asinine bullshit in your quest to get your pennies/share (from August 9, 2023):
Clicking only on one link is not "seeing"
Click the second link under the EEZ.
And for hard proof, click the 3rd link under EEZ
You're going to lose all your money in this short position you have precisely because you fail to pay attention. That post is years old, and you could've gotten out way back then.
If only you did your homework back then, eh?
Krombacher
I see lots of information about partial payment on taxes due but NOTHING about bribery.
Talk about distorted logic to spin a tale. It's similar to the short sale logic.
He's not wrong... lots of alleged bribing info
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163726869
Krombacher
Looks like dickran has trained you well as you parrot all the talking points from deals that never get done to short sellers that can't be proven to exist. Has dickran and his mindless minions come up with the new narrative time frame for all this latest rehash of old bullshit and delusional dot connecting to actually be reflected in the share price? Has dickran's desperate claim of "any day now" really been replaced with "any decade now"?
Shell bidding war? erhe dividend? Eggplant buffet.
anybody wondering if Kosmos' chicanery extended to other blocks and rights in the EEZ.
Maybe ERHC lawyers have more than we know and everyone involved in the EEZ is going to treat us shareholders real special..nice thought for the night
I don’t think Ihub is the best venue for criticism or slamming any mgmt of any oil company. It’s wrong !!
That type of discussion can come back and eat your shorts (no pun intended)
just remember ..Past performance doesn't guaranter future success.
I think you will remenber these words as being short is gonna become out of favor
unbelievable Ha ha...unbelievable
I appreciate you sharing this openly ...I am going to full subscription to help me keep abreast of things as we grow closer to culmination of this investment
Looks like a new campaign of hyping is underway based on dickran's Shell bidding war and erhe dividends bullshit talking points. So much speculation but no one is buying it as share price remains near zero. Canadians don't want it, African Queens don't either. And Expert Market traders haven't been interested in paying more than 1/2 of a penny for years. Did all the dot connecting really come up with that sketched headed short seller or was it just a big zero?
New time frame is any decade now? lmao.
You can’t get the full appreciation of the ineptitude of the STP officials until you realize that a 40 thousand dollar bribe was involved with this Barney File type of government.. That IMO was Kosmos Energy’s undoing. STP is out of their Pop Warner league when it comes too dealing with the likes of Total/Shell.
Yep, you could speculate that.
new should be knew
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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