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Depends on some factors currently unknown at this point. Generally speaking tho, if we could get anywhere back in the .05-.10 range I wouldn't cry, especially after loading up here. I don't see that as unrealistic either as a nice influx of cash could put us back to close to a cent, drilling anticipation could move us back there alone....and of course legit buyout rumors could blast it even further.
IMO.
Winter is coming.... So is KABOOM!
Will you be ready?
If ERHE can prove up an working hydrocarbon area in its block, like they did in the south, this stock will skyrocket. Doesn't even need to be a large find, 50mil could lite the fire.
From this level, people will make serious $$$
Just my opinion....why else would we put up with this board? lol
"My gut says ERHC Energy will be sold within the next 6 months. My heart flip-flops on how it feels about that."
That sir, completely depends on what number they get. I wouldn't say no for a bird in the hand.
So in other words you have absolutely no clue either way. Lol
When the news comes out we'll know.... And no sooner.
"Obsessing on ERHC has always been a bad idea." ...... Still get a kick out of this one!
" But they were wrong before with the JDZ so still a risk, which mean if it its there is a big reward."
The JDZ has unfortunately put a huge, permanent chit cloud over this stock. Not to mention the negative career posters who remind us daily. This however, I believe has created an opportunity with this round of drilling. We don't need a billion barrels here to be successful. A solid find with the promise of a new oil region could catapult this long past most investors ultra low expectations. A surge of publicity and buying can do exceptional things here, remember, if we can go down that fast we can go up that fast. Any long term chart in any investment will prove that.
There's a reason management has put many of their own eggs in as of late. IMO in hindsight that will have been to time to load the boat, as many have.
Waiting for more pieces to drop.....
"Obsessing on ERHC has always been a bad idea."
Again... Lol.
Excellent post oil! Giddy up....
"Obsessing on ERHC has always been a bad idea."
Lol. Too funny
Ahhhh, run for the hills! Lol
Just kidding..... KABOOM!!!
Go ERHE!
I agree. With a new influx of cash, possibly a new corp structure or merger/deal, drilling in Kenya on the horizon, I see us easily back in the
.03-.06 range pre drill.
Peter said when the time was right they would "excite the market". With the amount of shares they've bought I believe he will be keeping good on that promise. It's time for Peter to make some real $$$ with his time at erhe. His actions clearly show that's exactly what he plans to do. Me as well!
Can Vegas be at .05 now?? Lol
"Do you see a patern here that seems to repeat itself?"
Bingo! It boggles my mind that some "investors" can see this company for what it is. We invest in oil properties to either sell or develops. It doesn't take 10,000 posts to understand that.
If I wanted to invest in IBM or Costco then I would.
Erhe is a high risk high reward stock... Absolute end of story.
I also agree that the EEZ news was just the tip of the KABOOM! Vegas sure will be fun
I do believe something along those lines is in the works.
Sure would be sweet to get paid for our years of speculation. Maine restructuring and a hit in Kenya would do the trick!
There you go again king with all your fancy facts and DD. you must be lost, thus is the erhe board!
Agree!
Test
Yup, lots to be excited about for sure!
Chad- estimated at 278 million barrels (with a high case of 876 million barrels)!
Kenya- drilling in only a few months!
EEZ- millions of dollars coming to the minnow!
JDZ- resurgence of activity for new investors
Add to those FACTS that management is feverishly buying shares tells us that this company is real to rock and roll.
Say hi to Pete at the SH meeting!
There's that "giving away" again. Please share the details of the EEZ deal.... The board would love to here it!
Erhe kept the blocks that mattered in chad. Good on management to dump the garbage and keep the good ones.
In case you didn't know by now that is what ERHE does for a living... Acquire properties and either developed them or sell them. I figured that was common knowledge by now.... Lol
Yes. Obviously a pre determined plan is in the works. Dollar amounts will come soon enough.
No scary boogie men with suitcases full of cash lol
It wouldn't surprise me one bit to see ERHE acquire more onshore properties after the sale of the EEZ block. JMO
Sure is a massive piece of real estate...8,491 square kilometers!
I think my sale price guess range just went up to about 20-30 million.
Can't wait to find out the details. Thanks again for all the DD King... something this board desperately needs more of.
Exactly.... More KABOOM dollars being put to work!
Cheers to rural Canada!
Yup, management is buying like crazy! As good if a buy signal as it gets....
Have a great weekend!
"It's almost funny that almost all the recent buying is from ERHC employees who have an overriding agenda to protect their paychecks."
Again with all the super duper DD!
Great work!
"They just gave away their best block in the EEZ"
Sorry I forgot, where was the DD behind this statement again? How much did they get again??
Spin away....
"One thing is certain,"
Yup...........KABOOM is certain!!!!!!!!
Giddy up ERHE longs! Fun times are here!
Way to back that up with all that hard earned DD. lol
"and maybe even buy some shares."
Or maybe go long this time
....and what a beautiful sound it will be.
Oh I can just imagine the praise PN will get for masterminding the resurrection of erhe. I think we should create a board around it.... Pete's Place!
Who cares.... We have deal in the EEZ.
Drilling is coming. Anything else is just noise!
......... Like KABOOM!!!!!!!!
"So you still believe ERHC will net 100 million because that was the crux of the big Jane rumor."
Lol .... Grasping at straws if I've ever seen it. Positivity is quickly overtaking this stock..... Man that must burn!
Here comes Big Jane again....Kaboom Babba Kaboom Babba!!
Anyone one else feeling good about the minnow??
Interesting post from seek
MY speculation...Kosmos may be a "place holder" for Tullow since it was rumored for some time Tullow would be our partner in EEZ block 11. Then last December that because of the uncertain oil market and facing negotiations with bankers Tullow pulled out. Tullow discovered Jubilee and Kosmos is their partner in that very successful discovery. Kosmos is very will funded by Wall Street money and is very capable of doing the early work required by the Block 11 PSC and in a couple of years Tullow can come in as the operator.
The above, if true, could have generated more cash to ERHC than my first thought which based on the wording in ERHC PR.
Agree!! Double KABOOM!!
Great post! Very good points
Interesting. So the RS could be for another purpose, new exchange, merger etc. Was never about just about surviving.
Imagine that... There were things going on behind the scenes!! Who would have thought lol
It really depends on what the seismic potential was. Erhe said it had "enormous potential"..... Verbiage that this company NEVER uses
Disappointed with anything under 3 mil.... I'm expecting something over 10+. Just guessing tho.
Even 3 mil gets us to Kenya and beyond. That's really what this deal really means in the big picture.
Your joking right?? Unreal
It's huge because ERHE is about to get a sum of money... Easily a substantial one. This will fundamentally change our value and easily carry us into Kenya drilling and possibly further chad.
Any other questions?