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Show me how that's about ERHC Energy?
You made some false assumptions there.
Clearly you cannot buy ERHC in America.
And where do you get 300 times that particular share price? No share price is mentioned.
Krombacher
The dickran deceit never ends. For anyone who isn't already convinced that dickran has been lying here for years, check out how guerguerian dickran describes an investment in erhc on other social media when not piling on his dollars/share bullshit on this message board:
Canadians cant buy shares because its not listed in canada. Another lie on your part.
You fail to understand that nobody here wants to change the minds of you bag holders. You made your bed and now have to sleep in triple dog nut land forever.
You are like wack a mole. Everytime you post your bullshit you get whacked.
Usually used like this...."Eh, Molson?"
Lol...
If I'm going to be here 10 years then so are you going to be here 10 years.
That's already more or less proven.
I'm not familiar with the word "eh?" .. is it Canadian?
Krombacher
Demented, delusional, desperate wishing by a stuck, as in 400 million shares worth of stuck, bag holder. Just a few short decades longer, eh?
Share price doesn't matter only value does.
You and those who invest in bitcoin will learn that the hard way.
For example, bitcoin is priced at $60k, but it's value is near zero.
Erhc is priced near zero, but it's value is in the dollars.
Time eventually causes value and price to converge.
That will happen... and longs will wait until it does.
And who knows, maybe another Canadian will emerge and see the value and buy shares in the meantime?
But, once we get a dividend, the shorts can do nothing more.
Peter Ntephe, a FINRA Arbitrator, understands this very well.
Krombacher
Not looking to change the minds of stuck longs. Simply pointing out the facts in response to delusional, demented, desperate, deceitful bullish claims. Shell bidding war? erhe dividends? What would anyone hope to gain by hyping such nonsense? And erhe remains near zero as dickran clings to the delusion that share price doesn't matter. Embarrasing.
You must be bored to post that knowing full well that even a hundred daily posts like it won't change the minds of longs and volume will remain zero until we get the news we desire.
Krombacher
Looks like guerguerian dckran, proven liar and erhe's largest stuck shareholder with close to 400 million shares, is scraping the bottom of the barrel in his desperate search for mindless minions to parrot his/her delusional talking points. But with erhe stock near zero as it has been for more than 6 years, dickran's best "advice" is to continue to wait as he/she has been doing for more than a decade lmao. Wait for what? One debunked narrative after another. The latest - Shell bidding war and erhe dividend - on the way to the dickran dung heap of baseless claims, false rumors and outright lies. Pathetic.
You need to re-read your source oil information as it never said that.
Yes Krom and the value of block 4 and the JDZ plus the stamped by the shorts to cover their ill gotten gains will drive
the SP to a very high number !
Correct Krom. Cannot hide from the truth.
You've got a delusional view of your 400 million shares of a Caveat Emptor stock that you have been stuck with for years. No one in the world has been willing to pay even a penny in spite of your thousands of failed, desperate, deceitful attempts to pump up the price. What is it you are waiting for? African Queen buyer? Done deal buyout that never gets done? Epic short squeeze even though you are unable to provide any proof erhe short positions exist? Shell bidding war? These and all the rest of the dickran bullish bullshit is a joke, topped off with your fake SPV and gag order nonsense.
No, I know what I got.
I got a company with an asset in the EEZ valued between .17 cents a share and .20 cents (if you go by the Kosmos valuation or the xrimlinger.com one), but whose share price is very low because it's heavily shorted and the price is controlled by shorts who can print shares and sell them.
I know that all it will take is for that value to be realized even if it's in the form of a penny or two dividend to cause a stampede of shorts to the exits causing a squeeze into the dollars.
And all we have to do is wait.
In the meantime, we find that block 4 is worth much more given that it's source oil. And we know the JDZ assets are worth around $.80 a share if they're comparable to xrimlinger.com jdz valuation.
Shorts love to confuse value with share price, but in the end, it's the value that wins out.
Krombacher
🤣😂...So true !...😅
Wisdom has been chasing you. But yove always been faster.
Look at the price. .000001. DELISTED. GREY MARKET. There aren't any shorts.
Based on the thousands of baseless claims, false rumors and outright lies you have spewed out about erhc for more than a decade, either you have no clue about what you got or you simply can't handle the truth. Probably both apply.
They can also offset against other gains in other assets like stock or bitcoin.
But no one who is part of those who own 55% of the shares outstanding is doing that because we know what we got.
We got the "short seller heart attack" stock
Krombacher
Selling for a huge loss... for taxes? In the USA you can only use $3,000 of that loss per year. Some here would not live long enough to take full advantage of their losses. If you had enough gains to offset the loses then maybe it would work out.
Badog
No one is selling? A million shares get you what????.....$100. LOL
Why would anyone sell?
Badog
Thats because there are very few holding this pos. Only the delusional bag holders are still holding
Not even in December 2023 when for the entire tax loss period the stock traded at $.000001 and yet despite getting to take that huge loss for taxes... no one did with volume at zero
That is going to be incredible fun to watch ! to watch. lol
Triple dog nuts starring you in the face for over 5 years.
Yep still triple dog nuts.
Tax loss selling in May? Even an eggplant knows how out of touch with reality that is - right up there with African Queen buyer, Shell bidding war, erhe dividend, fake SPV contracts, erhe short selling, and done deal dollars/share buyout that just never gets done. Amazing how dickran's brightest moments are when he says nothing at all. Unfortunately, he/she just can't seem to suppress the desperate, delusional urges to lie about erhe short positions that don't exist.
Shorts will be obliterated
They tried everything and not even tax loss sellers are selling, lol.
Krombacher
On second thought-----you know considering all of the untruths youve told over the years---I just dont believe you.
Do you see any exuberance? All this talk about the EEZ and the JDZ and the shorts. Where is the exuberance? Have you checked the sp?
Badog
A very long time ago
Well good luck with your hundreds of dollars of worthless crap.
You just don't like that people call you out for putting in misinformation and lie about what a huge scam this this is.
What is the price again? .000001?
That's a shame.
I have millions of shares ,all of which I bought in Canada !
Dont forget the african queen and his supposed investment group and their non sell pact. Now there was a couple of real doozies.
And here you are. At least you didnt lie this time about actively buy shares of ERHE in Canada.
Of course I never claimed to have any psychological expertise. I merely provided definitions of certain words and showed actual examples of how they fit your posting history to a T. Sadly you still prefer to twist and misrepresent the facts.
But on a better note, you appear to be finally acknowledging you are helplessly stuck with erhe shares which has driven you to make false, demented, delusional claims about things like erhe short sellers, buyouts, done deals, mission for God, fake legal actions, African Queen buyer, epic short squeezes, and dollars/share. My efforts to debunk those claims are not bullying in any way and in fact haven't deterred you from continuing to create and attempt to promote one far-fetched new narrative after another. Just as you can't seem to understand that defamation requires false claims, your unchanging despicable hyping of erhe shows you haven't been bullied at all.
At least you seem to have finally recognized that the thousands of claims you have made about things like short sellers and dollars/share buyout are out of touch with reality and, quoting from your latest post, you freely admit you feel "helpless, have dementia, delusions and other mental illness" when it comes to your claims about erhc. I truly hope that some day you will be able to face the erhc reality again, as difficult and unpleasant as it might be.
I see youre picking up the dickran bullshit.
actually this may be a spiritual exercise..Those that lie and steal (Lay and wait for innocent blood)from others such as Shorts are brought up short and will be destroyed
Weve been hearing that same bullshit for over 15 years. But if thats what puff up your cheeto to make you hold on dont come crying when youre sitting there with a big bag of nothing.
Your claims are now entering the dickran delusion zone. Understandable when reality is such a slap in the face for erhe longs. What next, share price doesn't matter? It's all good - in the D zone $.0001 is almost $8.
they spent an inordinate amount of time if they supposedly ended early and capped off the well.
when the huge discovery was made to the south of block 4 off Namibia
with original estimate of 15 Billion Barrels
Total kept backing off the estimate to less than 1 billion barrels
The Oil companies are liars by their nature trying to avoid greedy politicians in greedy countries and want to control the narrative.
by the behavior of those involved something major is going on as Petrobas and others are being invited to partner in the EEZ.That is not because there is no commercial OIL
Dont get your panties in a bunch over the wet thing. You should have gone further.
""Unfortunately, the well did not find a blocky reservoir
at the main target in the Turonian, but encountered
thinly bedded sands instead. Even though good porosi-
ties were observed in these sands, permeabilities turned
out to be at the lower end of the spectrum and were
water-wet. The well was therefore TD’d before drilling
the postulated mid-Cenomanian source rock.""
Thats great if there is commercial oil. It does not say it is.
In posting the report it reminded me of what seems is a contradiction.The article inferred when the drilling entered the water wet condition they stopped drilling and the deeper planned depth was stopped
The definitions below show 'Water wet" as desirable which leads one to conclude they are hiding a very positive result and most likely continued drilling....WHY?As we saw Galp had referred to block 6 as one of their two Diamond discoveries along with Namibia off shore discovery
They were reprimanded by Shell and made an effort to back out of their very positive public statement
This would lead an observer to come to the conclusion that negotiations were going on with and for the blocks such as block 4 whose rights were with ERHC
As I stated we are close to the end of negotiations and what has transpired over the last months since drilling will be made public.I know to some I am preaching to the choir but some may benefit on reading this on the board
https://www.google.com/search?q=WATER+WET+PETROLEUM+OIL+SYSTEM&oq=WATER+WET+PETROLEUM+OIL+SYSTEM&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigAdIBCTI3NTYxajBqN6gCCLACAQ&sourceid=chrome&ie=UTF-8.
In water-wet conditions, a thin film of water coats the surface of the formation matrix, a condition that is desirable for efficient oil transport. Treatments that change the wettability of the formation from water-wet to oil-wet can significantly impair productivity.
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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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