Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You cant be serious? I see nothing about ERHE.
Well first you had a problem with liar and delusional. Good to see the real life, factual examples I presented cleared that up. Now a leap to demented. Once again, not rocket science:
You're 100% correct, in my opinion
Krombacher
You said I was demented.
Are you qualified to diagnose dementia?
If not it's defamation.
Krombacher
2 or 3 stuck longs have been making this same claim for many years:
LOL..Just proves out what some have said about you
You don't read enough...and Talk too much
So you cant prove what you said???? Got it.
Shell OIL Co....Look it up
Can you prove source oil claim?
Another hope and prayers
"block 4 has "source oil" from which flows the oil into the other blocks."
I don't know ALL that that means ..but I think is BIGGER than anyone realizes
Block 4 may be able to control the Flow of oil or maybe more important the NON FLOWING OF OIL to the other blocks.The silence of information is Deafening.
As Kosmos alluded to Block 4 is the crown jewel of the EEZ
OFFOR is not going to let this slide by...He has more than enough money to tie this up indefinitely and as Kingpin alluded to "Gum up the works"
The worst nightmare of SAO TOME and the other Companies involved
a deal is either in the works or already done You all can count on it
I think selling and swapping assets and buying are all going on. To have one Company make an .announcement could lead to insider trading.It IMO going to be a statement by the Sao Tomeans Oil/Mineral Ministry
Its all a wish list again not based on actual facts. IOW nothing more than bullshit.
: Every penny is $25 million dollars that ERHC has to show as profit or anticipated profit..
:
You seriously discount the exuberance of the ,market !!!!
Hmmmmm. Let's see, doesn't seem to take a rocket scientist or a psychiatrist - the definition of a delusional person:
According to xrimlinger.com, the adjacent block 3 is equivalent to 20 cents a share of ERHC. According to Kosmos litigation block 4 it's worth 17 cents a share.
That's before oil prices rose and before we discovered that block 4 has "source oil" from which flows the oil into the other blocks.
You're probably looking at north of 20 cents just for that block from Shell. They can EASILY do a dividend of a penny or two from 20 cents and that alone could result in a short squeeze into the dollars.
But the real money is the JDZ, which Oranto equivalently values at 80 cents a share for its 100% block in the JDZ which is equivalent to five 20% blocks that ERHC has.
I think Shell will buy block 4 and Total will buy the JDZ properties. That's why I prefer there to be one announcement for both Shell and Total simultaneously to achieve maximum damage to the short sellers.
Nothing delusional in the above assumptions and facts.
Krombacher
I have a degree in psychology but I don't really care if you are delusional or not. You are entitled to think whatever you want...even if you can't back it up. I remember once when you called me out for using the word 'I' to many times in my post. LOL. I thought that was odd but it didn't really matter. I'm confident in what I believe.
Again, I will wait for my big payday but I am not holding my breath. If ERHC gets some kind of deal I figure I'll be lucky to get .01 or .02 / share. I mean there are a lot of shares outstanding. Every penny is $25 million dollars that ERHC has to show as profit or anticipated profit....not based on zillions of barrels of oil like people thought with the JDZ blocks. And it can't be pie in the sky accounting. Hell...most
of any revenues could be disposed of by management for things that don't benefit shareholders. They do what they want and disregard your desires.
If there were ever a payday I will not wait for your OK to cash in...as I would guess that others will not either. But IMHO It's still highly doubtful that there will be any cashing in. ERHC does not seem in a good position. They could end up with nothing. And still no one can show any proof of any shorts. That's what seems delusional to me. Short squeeze???? Not if there are no shorts.
Badog
How many shorts are there? Not your assumption....show me actual facts that back you up?
Badog
Neither you nor ssc have a psychiatric background to diagnose whether I have delusions or diagnose pathological lying.
Hence it's defamation.
If shorts still have any money after this, I will pursue them in court for defamation.
Krombacher
Hey bear dung - ding The shorts can hardly cover when there are no sellers. Duh
Still living in delusion I see.
I think short sellers are living in the past and gaining false comfort from the share price.
That's normal behavior though due to the loss aversion they're experiencing.
But they will lose everything.
Krombacher
Just out of curiosity....did anyone ever know Oilphant...or whether he is still around?
His posts kept a lot of people guessing
Badog
More bullshit.
How is your next new narrative coming along? I mean the one you will deceitfully spew out after the September 2024 deadline comes and goes? Will you attempt to recycle the African Queen nonsense? Or maybe back to the Total dollars/share buyout "done deal"? When there is no Shell bidding war, no erhe dividends, nothing to move the share price away from near zero, what next? Maybe sketched heads of you and the "other dickran" assuring each other that share price just doesn't matter? lmao at dickran's pathetic and embarrassing greed and hubris driven delusions.
There aren't any shorts on a .0001 pps grey market stock. No matter how you put it or how you try to tell anyone who will listen to your bullshit, there isn't any shorters on a scam pump and dump penny ticker.
BTW, STILL .0001 pps.
Don't be mad bro. Just be happy that nobody is buying your stinkweed.
Dude, look at the volume!
No one is selling so the shorts aren't covering.
Shorts need to work way harder at trying to bullshit about tax loss selling (in May!?!?) because even in the last week of December at a price of $.000001 when tax loss selling would've produced the greatest tax loss, volume was still ZERO.
WHAT ARE THE SHORTS GOING TO DO?!?!?!
I guess you should go hard at work at placing clown emojis on posts... maybe that will work?
Or... wait for the short sellers' financial demise.
Muhahahahaha
Krombacher
Dude. Look at the price. Just saying.
I see that the Shorties have gotten out of their cages again ! It is going to be soooo entertaining
when the smoke begins streaming out of their butt holes .
Again you are on point.
Delusional liar guerguerian dickran just can't restrain his/her desperate, demented bullshit. Now we see dickran's latest new narrative -
Everything in your post is a wish list. Not based on fact.
The word it Moot.
If there's been an extension granted as I believe is the case...
Then there's no point to a count down, except, I guess if ERHC still exists on the deadline, then it means that there's been an extension. But I think we will likely have at least the Shell deal announced before then... followed by a Total deal. And if management does this intelligently, they'll announce both simultaneously.
Krombacher
The only one I would like to hear from now is our CEO. We should have complete silence until then. These arguments are now mute. The only post that will matter on this board is one from the company.
It is the only explanation for the events that unfolded in the last two years...Lots of OIL Lots of money...Lots of gamesmanship being worked around the JDZ and EEZ from Govts to Companies
How do you know that the assignment agreement does not officially bind Total to ever perform work on a block to prove that block is "in production" better than a PSC when over half the agreement is redacted?
Do you even have a working definition of "in production" to qualify either the PSC or the assignment agreement as meeting the criteria for "in production"?
What makes no sense is that STP didn't wait until Sept to pick up the block without the fuss of an international caveat emptor if there were no extension. Hence, it's logical that there is an extension. Whether ERHC got it with the assignment agreement, a stealth PSC, or some other means, logic dictates they got it.
Krombacher
You could off set other capital gains. But I would talk to a broker and tax man on what you do with shares that you have taken a loss and is considered worthless.
Also its my understanding that you can sell them but you cant buy them. How that happens is a question.
I was assuming that come the end of the year one may have gains that you want to offset with losses. Can't imagine anyone could sell this for the gain part.......unless, of course, they were part of the debt squad that got quite a deal. Even then, this is difficult to sell, period
Actually according to the IRS you can claim the loss as soon as you deem the issue worthless which is usually sub penny. So I am sure over the last 5 years this has occurred alot. Of course you can only claim as much as you have gains. But can carry forward the rest.
What a scammer. Holy buckets just when I think you cant get any lower you do it. Wow huge bullshit.
The discussion was about completion (or lack thereof), not termination. I never said that I assumed the agreement was terminated.
And how can an assignment agreement with another company, no matter how qualified, that does not officially bind said company to ever perform any work on a block prove that block is “in production” better than a Production Sharing Contract? That just does not make sense.
Fun scenario, and I do agree with your last statement.
.
ERHC never got an extension on Block 11 because they never requested one. They sold out to Kosmos long before any extension would have been needed.
When Oranto was designated as Operator for Block 3 in a PSC did they get an extension? Apparently, yes, since they completed Phase I in 2015 and only had two years under the PSC to complete Phase II. To get from 2017 to November of 2023 they had to have been granted at least one extension. And since it is doubtful they were given one six year extension, they were likely granted more than one.
So the assumption that Oranto needs to have a “qualified operator” signed on to participate in Block 3 in order to get an extension is not supported by the evidence.
.
And bingo, there you have it. A classic delusional, desperate dickran temper tantrum complete with 13 steps of nonsense followed by more gag order and erhe short seller bullshit. But still erhe sits near zero with no buyout, no bidding war, no short squeeze, no dividend. Apparently all designed to support the newest twisted narrative with dickran now saying the September 2024 deadline doesn't matter and stuck longs should hold on for a few more short years lmao. dickran's greed and hubris driven deceit truly knows no bounds.
Well you're going to be waiting for another 100 years since this piece of shit scam isn't going anywhere. It's a scam and anyone who still is in it, is operating on false hope or is blind to what the facts are about this ticker.
Well, you have this going for you to encourage people to not sell. It's pretty much impossible and not worth doing. Why not hold at this point? LOL The next time it will be potentially worth selling will be going into tax loss selling time, or if someone life ends and those who inherit are cleaning up the books.
On the other hand, if for some reason someone is willing to pay anywhere close to a tenth of a penny per share, I would imagine sellers would come out of the woodwork.....most likely yourself, included. I, on the other hand, will not a seller nor a buyer be. The management has taught me well over the years
Followers
|
745
|
Posters
|
|
Posts (Today)
|
19
|
Posts (Total)
|
362610
|
Created
|
08/07/03
|
Type
|
Free
|
Moderators Tamtam ssc Homebrew BearRickPunch |
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.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2012 (from 10Q)
Weighted average number of shares of common shares outstanding | 738,933,854 |
Authorized shares: 950,000,000
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ERHE 8K 4-24-2017
http://archive.fast-edgar.com//20170424/AI22B22CZC228JGU22222Z32GOMFIC22Z292/
https://www.otcmarkets.com/stock/ETBI/overview
_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |