Mark, good to see you back sharing info....many on the board will not remember all of the DD that Mark shared with us back in 2004 and 2005.....he spent a good bit of money contacting JDA sources, I know, I made a few calls myself to the same folks and saw my phone bill....

Thanks again for all of your past contributions to this board

OK, so TDameritrade is showing .35 bid and .53 ask while everything is trading in the .40s.......is this a mistake, is it for real...is it a signal between MMs... is it a control mechanism so they can take a bathroom/smoke break? .....

I still go back to the MOU's several years ago that caught us by surprise...those on DEVON and Pioneer.....no one on the board predicted that...also the JDZ rebid process....
I still think that everythying is "fluid" and no absolutes are out there with the exception of oil.
I would like to think that the runnup has been solid and not a spike like we have seen before with no long term support. Oil at $115 as opposed to $50 when we hit .98....I say we hold this sp level or above until drilling.....

So what happens if proxy letter never comes? Or comes LAter than the meeting?...Can they still have the meeting?...Will they have to postpone the meeting? Have they considered the turn around time in the snail mail?....

This date actually allows us to vote in the event that there is a vote...not that there will be one...it also allows us to vote to adjorn the meeting, which may be the only thing voted on.....I sincerely hope that there is something of substance to vote on.

NO news must mean GOOD news....we can hope! eom

BB, thanks for sharing my feelings with DAN!...Also....maybe Dan is saying...."It WILL NOT matter to ERHE share Holders"....especially if he knows we will not be ERHE by the time drilling starts.....I really think you did a great job of pressing, though.

I would take you back to the time period of the MOU's with Pioneer and Devon as well as the rebid of the blocks....during that time everyone on the board appeared to be surprised by the news and there were significant run ups in the sp. There have been several other times that this board has been surprised by information...the fbi raid was the single biggest negative surprise on the sp, but in hindsight Oilphant did give us a heads up on that one....My honest opinion is that the sp DOES NOT reflect what is going on....case in point, we still have the same rights, the same potential, except the value of oil which was at $58 is now at almost $95 and we are lower........

Then comes the "Amero" and the North American UNion

this is awesome 2nd 1/4 of 2008 or roughly by JUNE 08

"Thereafter, he announced the commencement of the drilling of the field during the second quarter of the year 2008. Addax Petroleum, he said, had entered into an agreement with Aban Abraham Pte Limited, a wholly owned subsidiary of Aban Offshore Limited for the provision of the Aban Abraham drillship to commence the drilling operations as early as he stated.

“I am delighted that Addax Petroleum has secured the necessary drilling capability on competitive terms. This contract will enable us to advance our plans to demonstrate the considerable value in our highly prospective Gulf of Guinea deep water exploration portfolio which we have assembled throughout 2006. Our contract with Aban will enable us complete an extensive exploration and appraisal programme which I believe has the potential to realise considerable value for Addax Petroleum, its shareholders and stakeholders,.” he said."

I am sure that someone has posted the idea, but if you read only Dan's pr's it really looks like they are trying to shake the Nigerian look and become a "normal" US company. Maybe as you read these you might think they are trying TOO hard to look "normal".....could be to position the company to gain membership on an exchange or it could be to be the "type" of company that an established company could buy in/out without having to answer too many investor questions.....either way after reading the PR's I feel a whole lot better about the direction of my small investment.

If you define distancing as in controll as we are now seeing...then it is not vague...

If the total shares of board members were to be around 10% of total...would the company listen?

14,500...not many cause I bought em high and just will not let go

BB thank you for the time it took to put that together.....

MArk a repeat question you may not have had time to answer


Mark, I understand the timeing issues with JDA,STP and Africa in general, so I hold no one to stated timelines including you. My question is Based on the info from last couple of updates and the positive outlook on 3rd 1/4 drilling in BLK 3 and the stated 30-45 days preadvanced PR by JDA....do you feel we can begin looking for that PR after June 1 or do you feel that PR my not happen until drilling actually begins? TIA

@ 3.3o would that make it easier to say get on other exchanges? well that almost gets us to the magical 3.67!!!

at least you can "check the stars everyday...we only get oily every now and then....you will be glad for that buy one day...

1/10 rs does that mean we would have 7,000,000,000 shares or
70,000,000 shares.......

come on oily...we want more........someone needs to go take a look at the time spans between what oily says and when things occur.....heck we got guys trying to figure out this stock by the stars......oily's got to be a little better than that....come on oily gives us more......

review...it's what's NOT said that is important
In January this year, Chevron said it had not found enough oil to make a well economically viable at the first of its two drill sites off São Tomé."

Article never said that the second site was NOT drilled, did NOT have enough oil to be economically viable. Remember...obo-1 was drilled on the edge...article did NOT say obo-2 was NOt drilled..........
CVX drills obo-1 on the edge of a structure...talks about that ...then "goes to sleep" (information sharing) as Marks source said...obo-2 is drilled and no word is spoken except now they want a FPSO............????????

oily thanks...now we got something to talk about......!!!

Why in the heck would Chevron want to access a FPSO for BLK one if they only punched one exploritory hole in the lengthy amount of time that they had the rig...and why would the JDA sources actually tell Mark about any other holes if a deal were worked out with CVX when after obo-1 "they went to sleep" as Mark's source has indicated...I do not doubt mark and his source, i just don't think that they have given Mark ALL the info...I am inclined to believe that there are a minimum of two holes that excited CVX....Two for two in wildcatting aint bad....and would probably make them "go to sleep not in drilling, but in information sharing

Is this the ship that was talked of in jan that was to comince before second 1/4...has it been there this long?

What ever happened to the ship that was to start drilling at the end of MArch....has it been there since then???

It's an oily update.....not in the same vein as yours...because I know your sources.....it's fun to see what he/she/it has to say anyway

thanks oily for update

thanks oily for update

OBO-1 and OBO-2..............interesting

amj...sometimes it's what you can't see happening that means the most...thanks for the reminder

Taking delivery and commencing drilling could be that far apart...what do you all think?

Mark, I understand the timeing issues with JDA,STP and Africa in general, so I hold no one to stated timelines including you. My question is Based on the info from last couple of updates and the positive outlook on 3rd 1/4 drilling in BLK 3 and the stated 30-45 days preadvanced PR by JDA....do you feel we can begin looking for that PR after June 1 or do you feel that PR my not happen until drilling actually begins? TIA

I hope that we run up in SP and we DON'T get news...our track record with news is one of falling behind...kind of the way it used to be to have your picture on the cover of Sports Illustrated!!

Have just read the dot connection by BB.....excellent cited research....not off the wall comments, but well thought through.....the correlation of Peak being out of time and Fri. SP spike probably means something.....this is good stuff...thanks BB

Lets play with this line from the pr.....

He has also been exploring prospects in the region for ERHC and met with several parties who might have interesting opportunities for investment by ERHC.

Because of Easter I am rich!

Mark are you expecting anything extraordinary or do you suppose that we are still on the published schedules?

Man can you imagine the govt coming to the back of the house or dropping an air assault team into your yard over some steaks and baby back ribs????????..I've heard almost everything now!!!

thank you for the reply...we are saying the same thing and i hope that you understood that i was refering to anyone, not you, that might think only in vehicles...have agood evening

when you look at oil and only see vehicles...then the investment in oil e/p doesn't make sense...however if you think in terms of all the products from oil(ie plastic; note the keyboard you typed on), then oil is will be needed for a long time. Those ole chevys may have a fuel cell, but they will be built of light weight plastic and lubricated with some type of petroleum product driven on roads made of asphalt and oil.....