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you're dreaming
ENOUGH
If your company isn't worth $10 then it would be hard to sell it for $10. Right now it.s still over valued at .30 NO revenue coming in for years...5 to 10 years according to the boss.
Marginal fields will require investment of what little we have 22.4 mil. And that will take a year or so to get that going...
AIM listing is just another way to scam new investors out of their cash...
Well, ruined a lot things for me...my fault..
Nigerian leaders will always be Nigerian leaders..theives.
You can bet the smart money will probably buy in now...
You'll see in a couple of weeks...IMO this is a big set-up to get many of us US investors out of the picture and CHEAP shares made available to their buddies and other theives..
I'm getting out and investing in US companies in US markets that follow some sort of guidelines..
Not back room scams and lies.
Goodluck to all
How so, JDZ first estimates were gang busters...are they going to use useless seismic data? What happen to the oil channel??? I couldn't see one mention of ANY oil found in any blocks!!! Are they kidding? NO OIL at ALL??? Even blk 1 came up with some oil.
How could EEL report P50 oil and gas and we say gas and methonal...
WHO'S LYING???
obviously all of the so-called seismic technology can be put into the dumpster..
From the presentation it seems the management wants to divert the attention from the JDZ to the EEZ and AIM listing and convince us that marginal fields will be the near future projects for this company.
I was sent mine via email and voted through the internet.
I'm not 100%, but doesn't a stock transfer agant handle all of the proxies and such.. Have you moved or checked to see if your address is correct. Do you go through a broker to hold your shares or do you have actual share certificates??
Not sure what could be more important at this time as to get an answer as to when blk 3 or 4 will go into phase 2.
We know blk 2 will take some time to make a decision.
Well then I hope you have all of the right questions and use up all of the available precious time alotted at the meeting.
Possible question for the SH meeting;
SNP has asked for an extension on blk 2 according to EEL. Is SNP considering the three blocks 2, 3, 4 as ONE project or as individual projects? This is from SNP perspective. Set aside the obvious, they all have different contracts with different companies. Is it possible SNP will go to Phase 2 on blk 3 or 4 before sept. if the results prove positive before then.
I think we could have done worse..look at the banks, wall street, sec they all robbed the American public and got big bonuses for running the company into the ground. SEC executives were caught watching porn for hours at their desktops. All making nice 6 figure incomes.
I think we should change our company to an energy bank and trust.
We can call it WECHEATEM&HOW and we're covered by the U.S government for bailouts.
Very bullish day. 1 million shares sold, down .02 selling into the shareholders meeting. I love it!!!
Look for a big up week next week... back to the upper .50s by Friday.
Good luck everyone, have a fun and safe weekend!!!
GONE FISHIN :)
If you are waiting to fold when SEO folds, you're in trouble. If SEO folds there won't be any SP left for us folks..
If you go for the pot of gold wait for great news you risk ALL of your investment.
nope, chicago, but do most of my fishing in wi.
ok, thanks
The half completed wells and future wells may produce many commercial wells. Again this first stage was to confirm the original seismic surveys and to point them to the right direction in the JDZ.
Phase 2 WILL happen with SNP or TOTAL or both. There is to much oil and oportunity to pass up at this point.
When they complete the results it will be of quality testing and evaluation, not the BS back and forth we've heard so far.
There are so many targets left in the JDZ it's stagering.. The number one stall IMO right now is the cost to drill these wells. They want to make sure they are drilling in ares that will give them FIELD information, not trying to hit commercial wells..
Commercial wells will come after phase 2...if we hit one during , icing on the cake.
We just expect to much to quick, EEL even said results in Aug/Sept. That's what you'll hear at the shareholders meeting and not much more.
I'll be walleye fishing in Winneconne, WI. -- relaxing.. all of you should try to relax also, I'm done getting worked up about this whole thing.. I'm in for til September and then will make a decision to stay or leave. Hopefully I'll be out at a good profit before x-mas..
Have fun at the meeting, don't get arrested, have a safe trip.:)
Well we broke through support today if anyone noticed or cares.
Getting very depressing.. Hopefully we put a double bottom in at .44... cross our oily fingers...
I think ERHE should rent a giant vacuum tanker and offer to suck up the 300k of oil leaking from the destroyed rig in the gulf. It might produce more oil than the marginal field deal.
Maybe it was a SEO recomendation.....
Total??? :) :)
Could ERHE bid on more blocks in the EEZ?
Looks like more loyal fans are fed up today...:(
I still don't feel that SNP would give a deal to SEO unless they are certain that the JDZ is 100% doable as a commercial field. The only way we get a deal right now is if TOTAL or someone else wants our interest, but then they would have to partner with SNP.
Even if SNP asked for an extension, it was for BLK 2. We can still go ahead with BLK 3 and 4 into Phase 2. Am I right or wrong? or are BLKs 2, 3, 4 grouped all together..
Technically chart wise we are right on the support trend line. The line declines every day about .005 cents.. We are right on the nuts right now. The trend trading range is between .485 and .61 cents. As I said the trend line is declining (bearish). A breakout to the upside is .62 as of this day. (also is declining every day).
Those of you going to the meeting....
Here is the plan;
don't hassle them during the meeting and make them defensive.
invite them(take them) out after the meeting for a couple of cocktails in celebration of their great work and find.
keep feeding them some jack and coke until they start giving up the news. (shouldn't take nore than three drinks)
take some exposing pics of them with women of the evening (get some white blonde girls, they love them)
now we have leverage, news should flow more freely
So much for the .50 support...
This is becoming a joke.
I hope they have some news, answers at the meeting.
I dought it though, they have a very selfish agenda...
SEO
Initially the process was being followed by China’s Sinopec but, according to Prazeres, there has so far been no specific statement of interest.
Good news or does this mean they are going to partner with us again?? I hope not, rather see TOTAL>
When SNP reorts their quarterly, shouldn't something be mentioned about the JDZ?
Are we there yet?
This is exactly why I think ERHE should strongly think about partnering up with TOTAL in the EEZ...
I'm sorry, I retract my NEWS on Monday to news on Wed. after the shareholder meeting. I forgot that they don't have a set so they'll wait.
If ERHE is smart they would partner with TOTAL in the EEZ. They need to diversify their partners so they are bound by the same nonsense as we ran across in the JDZ. I think TOTAL is much more experienced in deep water and the regional oil business anyway.
Just IMO..
NEWS on Monday!!!
This stock should be over a $1..RIGHT NOW..
With the recent info we should start seeing some volume increase and sp to the upside..soooon.
From now until shareholder meeting we should see an increase.
I strongly feel that ERHE will post news sometime before the shareholder meeting. I'm guessing on the 26th..
It looks like the results are finished and SNP is coming up with a plan. I think if there is the amount of oil and gas as EEL reported, SNP may be thinking screw Phase 2, let's just come up with a plan to accelerate to production.
Just IMO
This is the best thing the company could have done..this shows that they want to become a real company..not a BS penny stock shell owned by crooks...
To the board.. what will be the news to finally pop our SP?
Interesting to hear the theories...
Yes, ERHE needs a financial cash infusion to stay in the poker game. They will definitely make some sort of cash infusion deal.
He may be able to sell his stake at any time, they're his shares. But if he received any info NOT shared with the shareholders that would be illegal.. Do you really think he is going to chance doing a dirty deal at this point???
I don't think that he is that dumb..
Most likely they are pressured by SNP to not to say anything. This really must be a big find for SNP to act this way. They want it all for themselves. IMO there is no buy-out because they need SEO to get more of the pie.
OR, maybe AOG can write another article retracting the last one and correcting the mistake by giving the EEL info,, this is published in there annual report and NOT from so-called senior person.