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Sinopec getting 2 Sig. Bonus Free Blocks awarded in the EEZ
vs.
SEO/Chrome/ERHC
Will go over much better for EVERYONE
IMO
like an Ant on an Elephant
Minnows are not meant to swim with the Whales
China is in big and will not be a big stretch to get a bit deeper in the JDZ/EEZ
SEO has friends to answer to IMO, and everyone is tired of seeing this on their books year after year
The Time has come .....
$
BB $2-4 Done and Done IMO
Depends on drilling
Sooner than Later ....
yes an aggressive low class broker with a new Market Order now since a Stop Order was triggered [without a Limit Price] would take the 30K share order down .10 from .70 to .60 [sell at .70 then do a print at $0.60 [buy it back] and bank the $3,000
not bad for 5 minutes of work - too bad his client got the worst fill of his life
But regardless - Done Everyday by OTC Brokers
so always use Limit Orders
Buy the Dips ...
Especially the LOW Volume ones
ERHC is the "Premier Player in Region(JDZ)"
ERHC has interests in more of the
JDZ Blocks than any other company. We are therefore a premier player in
the region where our role has historically been and continues to be
fundamental.
Yes Sir ...
Pup thanks - the week of Sept. 14th there will be some Champagne flowing in Sao Tome ...
One Final Fortnight - LOL
Based on this ...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40959846
ERHC may take some notes ..
Former Texaco Executive Robert A. Solberg Elected New Non-Executive Chairman of Hyperdynamics Corporation
Press Release
Source: Hyperdynamics Corporation
On Friday August 28, 2009, 6:00 am EDT
SUGAR LAND, Texas, Aug. 28 /PRNewswire-FirstCall/ -- Hyperdynamics Corporation (NYSE Amex: HDY) today announced that its Board of Directors has elected veteran oilman Robert A. Solberg as its new non-executive chairman, succeeding Kent Watts.
Solberg is a retired career senior executive of Texaco Inc., where he served as president of Worldwide E&P Development from 1998 until his retirement in 2002. Earlier he held senior management roles for Texaco's U.S. operations, followed by division president roles in Europe, Asia, and the Middle East.
Ray Leonard, Hyperdynamics' chief executive officer, stated, "Bob's appointment is a watershed event for the Company and strengthens our Board immensely. His vast experience in the global management of oil and gas assets is well respected and acknowledged across the industry. His decision to join Hyperdynamics after careful evaluation of the asset and the Company's strategy reflects well on the Company."
Solberg is currently non-executive chairman of both Scorpion Offshore, an offshore drilling contractor that made an initial public offering on the Oslo Exchange in 2005, and JDR Cable Systems, which supplies custom cable and subsea connection equipment for the offshore oil & gas industry.
Solberg is a licensed petroleum engineer and holds a Bachelor of Science degree in Civil Engineering from the University of North Dakota.
Solberg added, "I am very excited to be joining the new management team and board members at Hyperdynamics. Ray has impressed us with his strategic plans, and I look forward to helping develop this world class asset in Guinea."
Watts remains a valued member of the Board of Directors and a major stockholder in Hyperdynamics.
About Hyperdynamics
Hyperdynamics Corporation is committed to providing energy for the future by exploring internationally for new sources of oil and gas. It holds the largest exploration license in the West African Republic of Guinea covering approximately 31,000 square miles. To find out more about Hyperdynamics, visit its website at www.hyperdynamics.com.
** ERHC on UPSTREAM Online **
JDZ players push the drilling pace
Barry Morgan, Accra
China's Sinopec has mobilised the Transocean semi-submersible drilling rig Sedco 702 for a 45-day well at its Bomu prospect in Block 2 in the Sao Tome-Nigeria Joint Development Zone (JDZ), according to Peter Ntephe, chief operating officer of junior partner ERHC Energy.The Abuja-based Joint Development Authority (JDA) told Upstream the probe was due to spud at the latest on 27 August.
In Addax-operated Block 4, the Transcocean drillship Deepwater Pathfinder will soon drill the Kina prospect, with drilling expected to take 30 days. That well was likely to spud at the end of this week, according to the JDA.
The Deepwater Pathfinder will then likely drill the Lemba-1 well in Block 3, where Addax has taken over operatorship from Anadarko.
The rig will then return to Block 4 to drill two more wells before the end of 2009. Addax recently acquired an additional 51% stake in Block 3, which chief executive Jean Claude Gandur said "intensifies our foothold in this world class exploration play and significantly enhances the economics of our position in Block 3, as it allows Addax to aggersively explore this region with a sustained strategy".
ERHC holds stakes in both blocks 3 and 4. It also holds interests in blocks 5, 6 and 9, but unlike blocks 2, 3 and 4, no production sharing contracts have been signed for these licences.
In the Sao Tome Exclusive Economic Zone (EEZ), which has been split into 14 blocks in three zones, ERHC can acquire 100% stakes in up to two blocks and a 15% interest in two other blocks.
The first Sao Tome EEZ licensing round is scheduled for the fourth quarter and is expected to attract leading Asian players.
--------------------------------------------------------------------------------
Thursday, 27 August, 2009, 23:01 GMT | last updated: Thursday, 27 August, 2009, 23:01 GMT
thanks Homeport - Drill Baby Drill
Sinopec Gets OK To Double Maoming Refinery Capacity
Last Update: 8/26/2009 11:05:47 PM
SHANGHAI (Dow Jones)--The National Development and Reform Commission has approved
China Petroleum & Chemical Corp.'s (SNP) application to nearly double the annual
crude processing capacity at its Maoming refinery in southern Guangdong province
to 25.5 million metric tons, or 512,100 barrels a day, the Guangzhou-based
Nanfang Daily reported Thursday.
Sinopec, as the company is known, has started preliminary work on a new
241,000-barrel-a-day crude distillation unit at Maoming, the daily said, quoting
the refinery's general manager Li Anxi. Maoming's crude processing capacity is
currently 13.5 million tons a year.
The expansion project is part of Guangdong province's plan to reach 100 million
tons of total refining capacity by 2012, it added.
Newspaper Web site: http://www.nanfangdaily.com.cn
-Jing Yang contributed to this story, Dow Jones Newswires; (8621) 6120 1200;
jing.yang@dowjones.com
SHANGHAI (Dow Jones)--The National Development and Reform Commission approved
China Petroleum & Chemical Corp.'s (SNP) application to nearly double the annual
crude processing capacity at its Maoming refinery in southern Guangdong province
to 25.5 million metric tons, or 512,100 barrels a day, the Guangzhou-based
Nanfang Daily reported Thursday.
Sinopec, as the company is known, has started preliminary work on a new
241,000-barrel-a-day crude distillation unit at Maoming, the daily said, quoting
the refinery's general manager Li Anxi. Maoming's crude processing capacity is
currently 13.5 million tons a year.
The expansion project is part of Guangdong province's plan to reach 100 million
tons of total refining capacity by 2012, it added.
Newspaper Web site: http://www.nanfangdaily.com.cn
-Jing Yang contributed to this story, Dow Jones Newswires; (8621) 6120 1200;
jing.yang@dowjones.com
(END) Dow Jones Newswires
August 26, 2009 23:05 ET (03:05 GMT)
ERHC Group now Updated ...
http://tinyurl.com/l36msr
Guys/Gals Be Happy - We are Finally Drilling for 100's of Millions of Barrels of Oil
With World Class Partners
With 2 World Class Drill Rigs
We have all been in an OIL Stock for all these years
with 1 key thing missing all along ,,,,,,,,,,,,,
*********OIL*************
we still dont have it yet
But we have never been closer !!!!
Real Money Players and Hedge Funds / Institutions need results and shy away from speculation and hype ...
forget the News / PRs
The PPS WILL Tell us all SOON how much oil is found
stay tuned ...
***ERHC NEWS*** 08/26/2009
ERHC Energy Inc. Technical Partner Commences Exploration Campaign
HOUSTON, TX, Aug 26, 2009 (MARKETWIRE via COMTEX) -- ERHC Energy Inc. (ERHE), a
publicly traded American company with oil and gas assets in the highly
prospective Gulf of Guinea off the coast of West Africa, today announced that
exploratory drilling is underway in Block 4 of the Nigeria-Sao Tome and Principe
Joint Development Zone (JDZ) in which ERHC has a 19.5 percent interest. The
Company's technical partner, Addax Petroleum Corporation, the operator in JDZ
Block 4, has announced the spudding of the Kina Prospect.
"The start of drilling in our JDZ Blocks represents an important step toward
realizing the Company's vision after more than a decade of hard work," said Peter
Ntephe, chief operating officer with ERHC. "We are very excited that we are on
the cusp of realizing the value of a portion of ERHC's portfolio of oil and gas
assets in the Gulf of Guinea."
Another significant development is the change of operator in JDZ Block 3, in
which ERHC has a 10 percent interest. Addax has announced that it has acquired
the 51 percent interest formerly held by Anadarko and will be the operator of JDZ
Block 3.
The drilling campaign is being conducted using Transocean's Deepwater Pathfinder,
a fifth generation dynamically positioned deepwater drilling rig capable of
drilling in water depths up to 3,048 meters. Addax plans to drill the "Kina" and
"Lemba" prospects in JDZ Blocks 4 and 3, respectively, using the Deepwater
Pathfinder.
In 2009, the independent engineering firm, Netherland, Sewell & Associates, Inc.
(NSAI) estimated ERHC's unrisked prospective resources in JDZ Blocks 2, 3 and 4
totaled more than 336 million barrels of oil (P50). The NSAI report estimated
ERHC risked prospective resources in JDZ Blocks 2, 3 and 4 totaled 135.5 million
barrels of oil.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ. The
Company has additional interests in the territorial waters of Democratic Republic
of Sao Tome & Principe known as the Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on
growth through high impact exploration in the highly prospective Gulf of Guinea
and the development of undeveloped and marginal oil and gas fields. ERHC is
committed to creating and delivering significant value for its shareholders,
investors and employees, and to sustainable and profitable growth through risk
balanced smart exploration, cost efficient development and high margin
production. For more information, visit http://www.erhc.com.
Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
SOURCE: ERHC Energy Inc.
http://www2.marketwire.com/mw/emailprcntct?id=9D38B3EACE4E385F
***ADDAX*** Addax Petroleum commences exploration campaign in joint development zone
On Wednesday August 26, 2009, 5:58 am EDT
http://finance.yahoo.com/news/Addax-Petroleum-commences-cnw-1601463490.html?x=0&.v=1
<< Drilling first deepwater well at Kina Prospect in JDZ Block 4 licence area >>
CALGARY, Aug. 26 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX:AXC and LSE:AXC) today announced receipt of Transocean's Deepwater Pathfinder drillship and commencement of its exploration drilling campaign in the deepwater Gulf of Guinea with the spudding of the "Kina" prospect in Block 4 of the Nigeria Sao Tome and Principe Joint Development Zone ("JDZ").
Commenting, Addax Petroleum's Vice-Chairman, Jean Claude Gandur, said: "The commencement of Addax Petroleum's deepwater exploration campaign is a very exciting time for our organization due to our extensive portfolio of prospects which, if successful, have the potential to significantly enhance the Corporation's recoverable reserves. In addition, Addax Petroleum has recently acquired an additional 51% interest in Block 3 of the JDZ and will be the Operator. The acquisition of this additional interest in the JDZ intensifies our foothold in this world class exploration region and significantly enhances the economics of our position in JDZ Block 3 as it allows Addax Petroleum to aggressively explore this prolific region with a sustained drilling strategy."
The Corporation plans to drill the "Kina" and "Lemba" prospects in JDZ Blocks 4 and 3, respectively, with the first two slots on the Deepwater Pathfinder drillship. In addition, Sinopec JDZ Block 2 Limited has notified the Nigeria Sao Tome and Principe Joint Development Authority of its intent to commence its exploration drilling in August 2009 on JDZ Block 2 where Addax Petroleum holds an interest.
Addax Petroleum has a deepwater exploration portfolio that consists of interests in five licence areas comprised of OPL291, offshore Nigeria, and Blocks 1, 2, 3 and 4 in the JDZ. As at December 31, 2008, total best estimate unrisked prospective oil resources for identified prospects in the deepwater Gulf of Guinea are 3,042 MMbbl (1,146 MMbbl risked), of which the Corporation's working interest was 1,359 MMbbl (493 MMbbl risked). When adjusted for the additional 51% interest acquired in JDZ Block 3 the Corporation's working interest increases to 1,498 MMbbl (538 MMbbl risked).
About Addax Petroleum
Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Further information about Addax Petroleum is available at www.addaxpetroleum.com
For further information
Mr. Craig Kelly, Investor Relations, Tel.: +41 (0) 22 702 95 68, craig.kelly@addaxpetroleum.com
Mr. Chad O'Hare, Investor Relations, Tel.: +41 (0) 22 702 94 10, chad.o'hare@addaxpetroleum.com
Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: +41 (0) 22 702 94 44, marie-gabrielle.cajoly@addaxpetroleum.com
Mr. Nick Cowling, Press Relations, Tel.: (416) 934-8011, nick.cowling@cossette.com
Mr. Mark Antelme, Press Relations, Tel.: +44 (0) 20 3178 6242, mark.antelme@pelhampr.com
FINWIZ you are bringing us good luck already
thanks and welcome ,,,
Cobra Mark doesn't work for Sinopec / JDA or Dow Jones
Geez the man gives you free steak and you ask for Gravy
funny
If the Investor Relations spokesman of the JDA sends a document to a stake holder or industry observer
- its public info
- I'm sure he wouldn't send it if he wasn't able, besides it not new news just a repeat of last weeks news
- Thursday Drilling sounds exciting !!!!
Thanks Markgovols !!!!
Sinopec Actively Seeking Overseas Investments
Last Update: 8/24/2009 7:24:18 AM
DOW JONES NEWSWIRES
HONG KONG (Dow Jones)--China Petroleum & Chemical Corp. (SNP), Asia's largest
refiner by capacity, said Monday that it is actively seeking overseas investments
in oil and gas resources as part of its new three-year plan to boost crude oil
and natural gas production.
The company, known as Sinopec Corp., is also considering buying Addax Petroleum
Corp. (AXC.T) from its parent, Chairman Su Shulin said in a press conference
Monday.
Su said Sinopec has set up a unit to review overseas acquisition opportunities -
including assets in Angola, Russia, Kazakhstan and Australia now held by its
parent, China Petrochemical Corp.
"We are studying assets which are already in production, and those which are
still in exploration. We are also interested in buying companies," Su said.
The company is also in talks to buy liquefied natural gas from the ExxonMobil-led
(XOM) LNG project in Papua New Guinea, he said without elaborating.
Beijing-based Sinopec got shareholder approval in May to amend a legal pact with
its parent that allows the blue-chip company to invest directly in overseas
upstream projects instead of leaving such acquisitions to the parent. Prior to
the amendment, the listed company was only allowed to operate domestically.
Sinopec's desire to seek oil and gas assets abroad comes as the company sets new
goals for growth in both upstream and crude oil refining operations.
The company said in a statement to the Shanghai Stock Exchange Monday that it
targets the refining of 202 million metric tons of crude oil in 2011, up 9.8%
from a target of 184 million tons set for 2009. Its domestic oil product sales
are forecast to reach 135 million tons in 2011.
It is also targeting annual domestic crude oil output at 43 million tons by 2011,
up from 42.4 million tons planned for this year, while its annual natural gas
output is targeted at 17 billion cubic meters, up sharply from 10 billion cubic
meters.
Sinopec, the biggest ethylene producer by output in China, said it aims to
produce 9.3 million tons of the chemical compound in 2011, up 36% from the 6.83
million tons planned for this year.
Capital expenditure for 2010 and 2011 will likely be CNY120 billion in each of
the two years, with most of the money to be spent on upstream exploration, Su
said. The 2009 capital expenditure budget is unchanged at CNY111.8 billion.
Chief Financial Officer Wang Xinhua said he expects international crude oil
prices to hover between $65 and $75 a barrel in the second half.
Sinopec said Sunday its first-half net profit more than quadrupled to CNY33.25
billion ($4.89 billion) from CNY7.68 billion, driven by higher fuel prices due to
China's more market-oriented fuel-pricing system.
The company said it expects its net profit for the first three quarters ending
Sept. 30 to rise more than 50% from the same period a year earlier, though it
didn't provide further details.
Analysts said they expect the company's 2009 profit to be boosted by a marked
turnaround in its refining operation, which incurred heavy losses last year
because domestic price caps meant the company couldn't raise prices in tandem
with higher global crude oil prices.
Citigroup raised Sinopec's target price Monday to HK$8.50 from HK$6.80, saying it
expects the company to maintain its good performance in the coming quarters
because of a recovery in domestic fuel demand.
"In our view, the most positive point in Sinopec's result was the strong
marketing division result, because the recovery in China's domestic fuel demand
should mean the higher margin and volumes seen in the second quarter should be
sustainable in coming quarters," the bank said in a research note.
Bank of America Merrill Lynch said Monday it expects Beijing to raise domestic
fuel prices by 10%-12% this week or in early September.
"If the refined product price adjustment is on time, and the adjustment properly
reflects the recent crude oil price rally, we should see a huge re-rating of
(Sinopec) stock," the bank said.
Beijing has adjusted domestic fuel prices five times this year. It last cut
gasoline and diesel prices by 3% in July, after raising prices 8%-10% in June
following a rebound in crude oil prices in the second quarter.
-By Yvonne Lee, Dow Jones Newswires; 852-2802-7002; yvonne.lee@dowjones.com
(END) Dow Jones Newswires
August 24, 2009 07:24 ET (11:24 GMT)
Addax Estimates per Block / Prospect MM Bbls
Unrisked / Risked / Totals
JDZ BL 1,
172.9 / 66 / 238.9
JDZ BL 2,
50.1 / 24.9 / 75
JDZ BL 3,
41 / 13.1 / 54.1
JDZ BL 4,
428.7 / 201.8 / 630.5
Totals
692.7 / 305.8 / 998.5
ERHC Estimates per Block
Unrisked / Risked / Totals
JDZ BL 2,
77 / 38 / 115
JDZ BL 3,
27 / 8 / 35
JDZ BL 4,
231 / 88 / 319
Totals
335 / 134 / 469
Addax Estimates per Prospect MM Bbls
......Low / Best / High
JDZ BL 4,
KINA, 237 / 352 / 479
KINA South, 61 / 96 / 134
JDZ BL 2,
Bomu, 137 / 274 / 435
Principe, 47 / 78 / 108
Totals 482 / 800 / 1156
Wrong .... "ERHC Vision Statement ...
http://www.erhc.com/missionandvision/
ERHC Energy’s vision is to maximize shareholder value through exploitation of its rights and *working interest* in exploration acreage offshore central West Africa."
Why Risk our Free Carry and piss our partners off for a little PR
We have specific Confidentialty Agreements and NDA's
that only the operator can PR events, simple
by Adding the Ticker requires additional legal consent and has other implications - I'm sure we would if we could.
WE HAVE RUN from $0.10 to $0.90 with very little official news from our partners -
lots more news is coming
In fact there will be so much news we wont be able to read it all .....
Dan K has done a great job in polishing our image, our PRs have never been better, our web site is now Tip-Top, our Corp. image is improving, SEC Filings are flowing and updated, and we appear to be finally getting the respect by the investment community we deserve.
we have come a long way from releasing only 1 PR a year to now multiple PRs a month, Conf Calls, Presentations, Trade Shows, Investment Road Shows etc.
This is before a single Drill Bit has even started
its all good ...
Look for it Monday IMO
followed by Addax's PR on Tuesday
then ERHC PR's both
and add in BL 3 PR as new operator as a bonus
Both Rigs Spudding on huge prospects
a jam packed week of news coming
buckle up
*** NEW ERHC WEBSITE ***
http://www.erhc.com/
Check your OIL now at $74.13 / Bbl
thanks Clay **Blue Sky Breakout** sounds Great
once $1 is finally, finally breeched -
we will run to $1.10-1.20 very quickly
then $1.50
then $2.00
and on and on ....
interesting how NITE was sucking up all the Buys Yesterday
and
interesting how NITE is sucking up all the Sells Today
Best Bid $0.8002
That's the Spirit - MN
to be fair Markgovols called it in July ...
07/24
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39848491
08/14
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40514943
08/18
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40610581
looks good Clay - thx
Sign up for ERHC / Dan Keeney real time delivered Alerts and News
http://www.facebook.com/inbox/readmessage.php?t=1196865009859&f=1&e=-12#/group.php?gid=13968724060&ref=ts
a Great day today
lets keep the action going ...
just need more buyers -
ETMM - Etrade just backed up - now maybe we can creep higher again
the Fact that Addax/Sino took over Anadarko's position should speak Volumes as to what they feel they will find + the sharing of info is critical b/w Blocks + they gain economies of scale being in 1,2,3+4
Anadarko where never trilled after we scoop'd them in BL 4
and they were stuck with BL 3
took over Anadarko
took over Exxon
who's next
Chevron ???
Sinopec Intl To Replace Addax Petroleum Board With Own Nominees
Last Update: 8/18/2009 1:43:51 AM
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)
The shareholders of Addax Petroleum Corporation (TSX:AXC) have
accepted the $CDN52.80 cash per share offer from Sinopec International
Petroleum Exploration and Production Corporation (SIPC).
Addax will be
removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX
Equity and Capped Equity, the S&P/TSX Completion and Equity Completion
and the S&P/TSX Capped Energy Indices. The transaction will be
effective after the close on Monday, August 24, 2009