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 have yet to produce a link of alleged allegations, lol. You just like taking quotes out of context to further a short seller narrative.
That said, the reason I'm focusing on the gag order has to do with the fact that if a starcrest merger occurred, it would have occurred during the time when the gag order was still in effect, and we don't know for a fact that the gag order has expired; it might still be in effect.
The merger with Starcrest, if it happened, likely solved much of the dire financial circumstances arising from the lengthy and resource draining litigation with Kosmos and allows for Peter to travel in private jets and pay for his very fashionable Hermes Eyewear he likely had on while at the conference, because Peter has good taste afforded by the salaries indicated were paid in the PPP Care Act funds, which can only be possible from revenue that ERHC must have to secure PPP funds in the first place.
Krombacher
Twisting, squirming, lying dickran at it again. Just can't control him/herself. Far too words filled with if's, may's, even if's and based completely on the dickran manufactured falsehoods about short sellers he/she can't prove exist and a gag order he/she has never seen. dickran's self-destructive greed and hubris just won't allow the lies to end.
Why this sudden, renewed focus on the worn out gag order excuse? Could it be dickran has recognized the absurdity and potential liabilities of continuing to circulate his/her allegations of conspiracy by Shell OIL, Total, STP officials, Offor and erhc to hide material information worth billions of dollars from erhe shareholders? All to try and justify the new, asinine "backstop" bullshit. Oh what a tangled web dickran weaves...
Huge over winded bullshit.
The short seller’s argument about the inevitability of lawsuits is flawed for several reasons, particularly when you account for legal nuances, financial realities, and market behavior. Let’s break it down:
1) Gag Order/Restraining Order and the 10th Amendment (State's Rights)
If a Houston County court judge has issued a gag order or restraining order, that court order takes precedence over SEC regulations under the 10th Amendment. This amendment affirms states' rights to manage certain legal matters, including judicial orders. Here’s why:
Court orders have primacy: In this scenario, the company cannot legally disclose information if a gag order or restraining order prevents it from doing so. This judicial action protects the company from violating federal regulations, as the SEC would have no legal ground to punish a company for complying with a state court order.
Dismissal of SEC revocation case: The fact that a court case related to the revocation of ERHC’s shares was dismissed, albeit due to a control deficiency, strengthens the argument that legal precedent may favor the company in this context, protecting it from SEC litigation or further regulatory penalties.
2) Short Sellers' Inability to Fund a Lawsuit After a Short Squeeze
After a short squeeze, the short sellers who took significant losses may no longer have the financial resources to pursue complex, multi-jurisdictional lawsuits involving legal systems in both Canada and the U.S.:
Financial devastation: Given the potential magnitude of the short squeeze, many short sellers may face devastating losses that leave them unable to fund litigation, particularly given the high costs involved in hiring attorneys for a complex cross-border lawsuit.
Uncertainty of recovery: Even if they were to initiate lawsuits, the costs and uncertainty of any potential recovery would likely deter most short sellers from pursuing legal action. They would need to prove that the company withheld information deliberately to harm their short position—a difficult and expensive claim to substantiate.
3) Fraud Exposure of Short Sellers
If a short seller who publicly claimed on message boards that there were "no short sellers" then turns around and admits in a lawsuit that they were short all along, they would be admitting to fraud:
Self-incrimination: By initiating a lawsuit, these short sellers would have to reveal their own fraudulent behavior—namely, that they intentionally misled other investors by claiming no short positions existed. This would expose them to legal action themselves, making it highly unlikely they would pursue litigation.
Fear of prosecution: Short sellers involved in such a lawsuit would be exposing themselves to potential criminal prosecution for fraud. This is a powerful deterrent, as no rational short seller would risk outing themselves in this manner.
4) Market Speculation and Assumed Risk
It’s critical to remember that market speculation and rumors about mergers, buyouts, and dividends have been widely discussed on message boards for an extended period. As a result:
Informed risk: Any investor—including short sellers—who has been following the stock should have been aware of these speculative risks and the possibility of withheld information, whether related to mergers, buyouts, or dividends. If they chose to ignore these discussions and proceeded with their short positions, then the responsibility for their losses lies squarely with them.
Assumed risk: The short sellers assumed the risk of the stock moving against them, even without company confirmation of rumors. In markets, participants are responsible for managing risk based on available information, which includes speculation. Therefore, they cannot claim to be blindsided if the speculation turns out to be true.
5) No Legal Basis for Claiming Withheld Information
Even if certain information was withheld due to legal orders (such as a gag order), it would not constitute a violation of securities laws:
Legal protection under court order: The existence of a gag or restraining order provides legal cover for the company to refrain from releasing sensitive information. The company cannot be held liable for not disclosing information under such legal constraints, and any lawsuit claiming otherwise would likely fail.
Market dynamics: Furthermore, the fluctuations in share price due to speculation or lack of information is a normal part of market behavior. Companies routinely withhold information for legitimate reasons, such as pending deals or court orders. This does not automatically open the door to shareholder lawsuits unless there is proven misconduct, which in this case does not exist.
6) Limited Precedent for Such Lawsuits
There are limited examples of successful shareholder lawsuits in situations like this. The burden of proof would be on the short sellers to demonstrate:
That the company intentionally withheld information to manipulate the share price;
That they were harmed by that withholding, and not by their own speculative positions;
That their short positions were somehow protected from the normal risk inherent in shorting a stock.
Given these challenges, it is very unlikely that any lawsuit would succeed.
Conclusion
In sum, the short seller’s argument fails to hold up under scrutiny for several reasons: the potential gag order takes precedence over SEC rules, short sellers are unlikely to have the financial means or incentive to sue post-squeeze, their fraudulent claims on message boards expose them to legal risks, and they assumed the risk when entering their short positions. Add to that the fact that speculation about withheld information has been widely discussed, and any lawsuit would be extremely difficult to win.
Krombacher
the answer is poster is short bigtime ERHE shares !
jmho
Why don’t you move on then ??
what did the pps close at today? I don't think this has changed in more than 5 years. Not sure what "outcome" you're referring too, but evidence shows that this is a grey market trading scam that hasn't moved in over 5 years and has no sign of moving ever again.
Dude, the outcome Dude
Dude, it's been how many years that this has been in the grey market and trading at trips or lower. Wait and see what exactly?
Will wait and see................................ LOL
It’s all pretty simple
This stock is a zombie issue. The fat lady sang a very long time ago. The SEC gave all investors fair warning that the game is up.
Anyone that believes in short squeezes / backstops / etc is not going to be convinced by the all of the verifiable facts that have piled up over the years.
There will be some ups and downs, much like death rattle gasps, but this is deader than dead and the longs have been taken.
You have my sympathy
Of course he knows it. Or he/she doesn't know it and they just don't care. These clowns all spew that same garbage on all these scams. They word vomit all this bullshit that you can't keep track of anything they say so you ignore most of everything except key words like, "SOON" and "YOU'LL BE SORRY" and "FOMO". This Krom account has been on this ticker since it opened. The only board he/she has ever posted on is this one. Just like many other accounts that are scam accounts on this site. Posting all on one board the same bullshit over and over again to get noobs to buy thinking they will get rich overnight while they or the people they work for dilute and sell at peaks. Rinse and repeat.
You teach nothing. You know it's all crap. I believe the crypto king who is now in jail was teaching others also. LOL
Badog
what's the pps today? .000000000000000000000001?
You do know that a publicly traded company is required by law to publicly disseminate information pertinent to share price. So, if, by some strange, illogical, unrealistic, illegal act there are truly shorts out (which I simply cannot conceive) Any information given out that would show that they are going to be hurt by an increase in share price due to withheld information, would destroy the company even more completely than it has already been denuded of value. ERHE would be impacted by lawsuits by, not only any nonexistent shorts, but by every other shareholder that sold because no information was out.
True to form liar guerguerian dickran blaming Russians, Canadians, African Queens, fake Harris County lawsuits, sketched headed short sellers - anything and everything as long as it is far away from the truth. Latest nonsense about a "backstop" with Shell OIl, Total, STP officials and erhc insiders conspiring to hide billions of dollars of deals from erhe shareholders. Of course the twisting, squirming largest erhe shareholder qualifies it all with the dickran disclaimer that something good will happen for erhe "sometime between now and the end of time". His/her bullshit is an ongoing, many years old pathetic joke.
The truth is that dickran and his group of small investors who own close to 2 billion erhe shares don't have any idea what has been going on at erhc for the last 5 years. They don't know what if any assets erhc has, what if any revenues or cash erhc has, how much erhc insiders have been compensated, anything about any deals or partnerships, in short they are completely in the dark. Their sources of information are gossip at a women's oil conference, a switchboard operator, and proven liar and largest shareholder dickran. With all those shares, the controlling interest in erhc, they remain completely in the dark.
What has dickran taught everyone with his/her baseless claims, false rumors and outright lies (thousands of them)? After all these years what do stuck erhe shareholders have other than dickran bullshit like "not based in reality", "share price doesn't matter", and "it's not a lie if you say you believe it"? erhe shares that are on the Caveat Emptor list, trade on the Expert Market, carry OTC skull and crossbones rating, and a company so discredited that most U.S. brokers will not allow their customers to purchase erhe shares. And of course, a share price that has remained near zero through all the dickran bullshit for years and years.
Yes, dickran has been warning about the $8 epic short squeeze since day 1. And he/she has been wrong every day that followed. Unequivocally, embarrassingly, shamefully, pathetically wrong
I think that's your biggest problem... you see my writing as gibberish.
I cannot help you if that is the case.
I can only teach so much... the student must make an effort too.
Maybe Ponzi can explain it to you?
I heard that Russians love chess.
Krombacher
Links please to any accusations I've made. I think all I said was that the universe was conspiring against the shorts.
That said, you are right that no one is buying the stock, because if they possess insider information they simply cannot buy the stock.
You seem to be angry.
Try to calm down, you were warned from Day One, so none of this is really news for you. As a chess master, I'm courteous that way...I telegraph my moves before beating my opponent. It's more satisfying that way.
I telegraphed every move before I made it... so you had fair warning all along.
But you dig the hole deeper with your motivating posts. Strange behavior you have.
Krombacher
The reason that you don't respond with anything but gibberish is because you can't. There is no backstop. There are no shorts. You have to keep the crew in line I guess...so they wait for you to unload your shares first if any opportunity ever arises. Very doubtful it will.
Badog
Delusional liar guerguerian dickran thinks he/she can fool people with his latest asinine bullish concoction he/she calls "the backstop". No surprise - no one is buying it or erhe stock. Desperate dickran is now going so far as to accuse Shell Oil, Total, STP officials, Offor, and erhc management of conspiring to keep a deal dickran claims is worth billions of dollars hidden from erhe shareholders.
How deep is the dickran bullshit? He/she says the reason for this conspiracy is to teach short sellers a lesson (the short sellers dickran can't even prove exist) and destroy the Canadian financial system. Despicable, deceitful, desperate belly laugh nonsense of the African Queen, dollars/share, $8/share epic short squeeze, "not based in reality" variety dickran's greed and hubris force him/her to spew out.
It is simply not strategic for you to receive the information that you are requesting, prior to the deployment of a backstop.
Instead, I recommend that you pretend that you are a deer and continue staring at the share price as if the share price is a pair of headlights. Enjoy.
I think if you do this you will get exactly what you deserve.
Krombacher
Will see who gets the last laugh soon............
You insinuate there has been a deal with Shell. You have no idea if any deal was struck between Shell and ERHC. Same as you admit that you have no idea of whether there are any shorts.. Unless someone announces a deal there is no deal. Show me the link of a deal with Shell. The SP says no deal.
If there ever were a deal what would be the fair value? Is there any confirming evidence of oil in block 4? I'm sure Shell could estimate the cost of drilling for oil in block 4 but they cannot determine any outcome at this point. So what is a fair value? I don't care what Kosmos or Total or anyone else says. Until they put their money where their mouth is....the value is the same as ERHE sp.
Badog
What a con man. WOW
You still believe the Con. May be youre part of it considering you keep pushing the narrative????
You said
More lightweight bullshit, parroting dickran delusional crap. The success of Ntephe has absolutely nothing to do with stuck erhe shareholders. Same thing for Offors billions. EEZ block 4 is gone, any income over the last 5 years or more has been distributed, and any done deals, mergers or partnerships have done nothing to move the share price away from its near zero home.
erhc in the winners circle? Maybe, maybe not - no one knows because the company refuses to provide transparency as honest, ethical, responsible public companies do. But what is clear is that erhe common stock shareholders are anywhere but the winners circle as they continue to fantasize about a stock that has been stuck near zero for over 6 years. The most bizarre thing is that an organized group that controls more than 1/2 the erhe shares, led by known liar and largest erhe shareholder guerguerian dickran, sit quietly and do nothing about it.
It's never ever going to even get to .001 again.
Soon, $1.000000000000000000000000 LOL
If PN was such a failure ,How come he seems to be invited to many major events in Africa..
Logical answer: He is NOT a failure and the questions that were asked by the summit were asked in a way that his expertise in the field was acknowledged.
ERHC CEO is something he is proud of
Not that it matters..ERHC is already in the winners circle..It will be made clear to you and your buddies
pps = .0000000000000000000000000001
It doesn't make strategic sense for him or me to inform anyone of anything until the backstop is in place.
I still don't think you fully grasp the backstop concept based on your recent post where you think I'm trying to get people to hold their shares while I allegedly unload.
If you truly understood the backstop concept you wouldn't bother even suggesting that.
To address the short seller’s misunderstanding, it’s important to clarify the role of a backstop in a short squeeze scenario and why it would prevent me from selling my shares prematurely. Here's a structured response to clear up the confusion:
---
Response:
It seems there’s a fundamental misunderstanding of how a backstop functions in the context of a short squeeze and why it would inhibit the behavior you're suggesting.
1. What is a Backstop?
A backstop acts as a guaranteed minimum price level, often secured through offering a dividend, or buyout offers ensuring that shares cannot be sold below a certain price. The concept of a backstop creates a floor price that effectively anchors expectations for investors.
2. How the Backstop Prevents Premature Selling:
If I know that there is a backstop in place, I have no incentive to sell my shares below that guaranteed price, even leading up to day T+3. Here’s why:
Guaranteed Price Protection: If the backstop guarantees, for example, a minimum price of $X, it would be illogical for me to sell shares at any price below $X because I would be assured that, at the very least, I could sell at that price later.
Patience Until Forced Liquidation: Knowing that the short seller’s broker will be forced to liquidate the short position by day T+3 at any price, it makes sense to hold until the forced liquidation pushes prices higher. Selling prematurely at lower prices would mean missing out on potential gains, which is irrational for a shareholder with a backstop in place.
3. T+3 and Forced Liquidation:
On day T+3, when the broker of the short seller is forced to cover their short positions, the demand for shares will spike as the broker has no choice but to buy back shares at any price. This is a key point in a short squeeze, where prices can rise significantly as the broker scrambles to fulfill the covering requirement.
Thus, it is in my best interest as a shareholder to hold my shares until this event happens because the forced buying will likely drive prices up, far beyond the backstop price. Selling early would not only go against the logic of holding for maximum gain but would also undercut the very premise of benefitting from the squeeze.
4. Incentive Alignment:
My incentive is aligned with waiting for the forced liquidation event (day T+3) to allow the maximum upward pressure on the stock price. If I were to sell early, I’d effectively undermine my own position and leave money on the table, which, again, is irrational when a backstop guarantees I can sell for a minimum price. Therefore, any suggestion that I would try to offload shares prematurely is contradictory to the fundamental principles of a short squeeze and the protective nature of a backstop.
5. Short Seller’s Confusion:
The misunderstanding seems to stem from thinking that I have a reason to sell shares before day T+3. However, with a backstop in place and the anticipation of a forced cover event on T+3, I would logically hold onto my shares until the market reaches that tipping point, maximizing my return. Selling before T+3 would only benefit the short sellers, not myself or other investors holding long positions.
---
In conclusion, the backstop ensures that I, and other investors, have a price floor that we will not breach before the short sellers are forced to cover their positions. The structure of the backstop prevents any premature selling, and waiting until the forced liquidation on day T+3 is the most logical course of action to maximize potential gains. Therefore, your assumption that I would offload shares early does not align with the realities of how a backstop operates or how investors act in a short squeeze scenario.
Krombacher
In the video, Peter could've introduced himself as director of Elcrest, which he is a director of Elcrest and that wouldn't be lying... if he were embarrassed about a bankrupt ERHC.
Yet he proudly introduces himself as CEO of ERHC Energy and brags about the investment made in Kenya.
They're definitely not acting like they're about to lose all their blocks and go bankrupt.
And that video was taken weeks ago and not yesterday when the share price fell, lol. It was taken in the UK... quite an expense for a supposedly bankrupt company. He probably flew there in a private jet.
On top of that, he encourages the minister of Uganda to increase the ability to invest in that country from 6 months to 30 days, as if ERHC is about to come into a bunch of capital it can use to invest (and pay dividends) with.
Krombacher
Link please to ERHC public statement on surrendering the Kenya asset. I don’t recall them ever doing shareholders the courtesy.
Thanks.
.
guerguerian dickran simply cannot stop the lies. No where on that video does Ntephe say erhc still has interests in Kenya. The fact is erhc has publicly stated it surrendered its Kenya asset. I guess when it gets to the pathological level, the lying is uncontrollable, hence the African Queen, the thousand oflies about erhe short selling, the dividends, the done deal buyout, the conspiracy with Shell OIl, Total, STP and erhc to hide billion dollar deals from shareholders, and now this latest false quote that "erhc is still in Kenya". Top it off with this "backstop" nonsense that's supposed to happen "sometime between now and the end of time", and everyone can see how delusional and desperate dickran has become.
I think someone is starting to really worry !!!!!!!!!!!!!!!!!!!!
sorry suckers you are about lose your ass and you deserve it!
jmho
0.000001 are you kidding me??? cinco dognut??????
Still looking for suckers. Shameless.
No commercial discoveries blah blah
I don't know that knowing that he still represents ERHE would be of comfort to me..........but, knowing that he is still connected to ERHE does validate my selling when I did. I wish I had been as astute with other stocks. LOL
BTW...that LOL is pointed at myself, not those who are still holding here, or those who have found some way to buy, I wish you luck, but don't have much hope for it....
You need to take your own advice.
Never mind. Found it.
He didn’t exactly say ERHC was still in Kenya. “Studies on that are continuing” could just mean geologists are studying the Tarach-1 results to try and better understand geological processes, as geologists are prone to do.
It is, however, good to see him still representing ERHC. Gives a glimmer of hope.
Thanks for the heads up.
Grifters do tend to be shameless
It’s interesting that after he spoke the price plummeted by over 90%
Our fearless leader speaks...
Schwab is currently showing ERHE as follows:
$0.0000 -$0.0006 (-99.83%)
There went my $12
Badog
The answers that matter are clear and unequivocal, have been for years:
guerguerian dickran lies about short sellers and a long list of other bullish nonsense.
None of his/her bullish nonsense has ever come true.
dickran squirms and hedges with "sometime between now and the end of time" disclaimer, "not based in reality" disclaimer, "erhe could go to zero" disclaimer and latest delusional "backstop" kaka.
He/she insults Shell Oil, erhc, STP officials, Total and the intelligence of anyone who reads his/her nonsense by alleging they are involved in a conspiracy to hide information worth billions of dollars from shareholders.
dickran is erhe's largest shareholder and has been stuck with close to 400 million shares for years as erhe price remains near zero in spite of dickran's thousands of baseless claims, false rumors, and outright lies.
By the way....are you still promoting that your loyal group of shareholders should wait for the epic short squeeze to sell? That's smart. Gives you time to unload before them. What a plan. Don't worry....I'll wait. I only loose $12 if I get schnoockered by the big unloader. But if I were severely underwater I would most likely rethink that move.
Probably won't be an issue anyway as I am guessing that ERHE sp will never move above where it is now. Like I said before, Shell probably got the Uranium and ERHC got the shaft.
Badog
Followers
|
745
|
Posters
|
|
Posts (Today)
|
4
|
Posts (Total)
|
362481
|
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: |