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.
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.
Please post on ERHE board, courtesy Dr. J Thanks.
Our partner will be probably TOTAL or SNP, not Tullow:
"The company is scouting for partners to finance development of the oil fields in readiness for the production."
http://www.nation.co.ke/business/news/Kenya-ready-to-produce-oil-now/-/1006/1846570/-/13ojlfu/-/index.html
"Tullow Oil and its partner Africa Oil are currently exploring oil in northern Kenya and Ethiopia with result for the first well already termed as commercially viable."
"Kenya has continued to attract interest following Tullow’s announcement in March last year, it had struck oil in the country raising hopes the country could be holding substantial oil resources."
Up 45% In 2 Days! Hope to see a dime by Friday.
Please post on Ihub ERHE:
Tullow is indeed an integrated oil company.
"Tullow Oil, the Irish integrated oil company"
http://igniscorporate2.digitallook.com/security.cgi?csi=13782&action=news&story_id=19650443
Also extremely interesting stated:
"Source: Tullow
Tullow, which is really the industry leader in terms of Kenyan exploration programs and discoveries, has farmed into blocks 10A, 10BA, 10BB, 12A, 12B & 13T, which surround ERHC’s Block 11A. TLW says its acreage covers the Turkana Rift Basin, which has similar characteristics to the Lake Albert Rift Basin (near Uganda Block EA-1), and includes a south-east extension of the geologically older Sudan rift basin trend. The Sudan rift also extends through ERHC’s Block 11A. Effectively this places ERHC’s Kenyan Block 11A in between Tullow’s existing Kenyan and Ugandan exploration plays, bearing in mind TLW’s Uganda exploration program is approximately 300 miles further west.
To further place Block 11A in context, the 2.95 million acres is approximately 11,937 km2 (4,609 mi2), roughly five times larger than the Wattenberg Basin in Colorado, which is 2,530 km2 (978 mi2). Why do we point out this relatively simple mathematical comparison? Large acreage numbers cited with African explorations blocks often create the impression that exploration and developing the blocks is an insurmountable hurdle for smaller companies. Although generally larger than the Wattenberg Field, exploration blocks in Kenya, if prospective, are broadly similar in size to many other basins. The main difference between any of the large onshore African exploration blocks is that relatively few exploration wells have been drilled when considered in the context of established producing fields like the Wattenberg, which has has over 21,000 wellbores drilled since the 1970s. The opportunities in Block 11A and others are unique because the plays are nascent as the industry has really only just begun to discover the resource potential in Kenya."
http://www.oilandgas360.com/erhc-diversifies-african-exploration-assets-adds-2-95-million-acres-in-the-middle-of-kenyan-activity/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87690224
Happy To Have Found This Board. Lots of my favorite Banned posters are here. So how-come we seem to be Basher Free on this board?
Seek; When Using The Word "And" You Can Drop The Comma. So it does not necessarily mean ERHE and Total are together.
Being In CA. I Wasn't Allowed To Participate In The $.075 Offering. After my $ was refunded I have been buying on the open market. Finally finished buying today with all my shares being under $.075
Note to ERHE: It's OK now to come out with some good news.
I Have A Good Sized Order In At The Ask, But So Far It's Not Filling.
Yes, Yes, Yes! We MUST hold managements feet to the fire! We MUST hold management accountable! We MUST demand management give us a PR! They MUST tell us if Offor participated & for how much. They MUST tell us how much money was raised in the offering. We MUST get NEW management! Don't let the OLD management raise anymore money! Don't let them acquire anymore drilling rights in highly prospective properties! Even tho they're close to signing a partnership, we must stop them NOW!
And Here In Ca. My Money Was Returned To My Account. (CA not allowed to participate).
OH NO!
Amen
I Got A Call From Ameritrade & They Told Me The Same Thing. California is excluded from the offering. Said my money will be returned in a couple of days??????????????????????? Asked her why in the whole wide world is only CA. Excluded??? And she didn't know.
Well That's Not Good.
WOW Thank You For Your Intelligent Post. You have great insight. I will start selling my shares ASAP. I will sell at a loss but I'm sure your advice will save me a fortune.
Thank You.
All Of Us Know We Are Riding On Offor's Coat Tails. The Rights Offering is a way for Offor to get a larger % of the company. ERHE is his baby which he has taken care of since the beginning. Now he sees ERHE will come into some oil but needs financing. The Rights Offering is an aboveboard way to finance the company & acquire a larger %. This makes me a Happy Camper. If the Big Guy (Insider) wants a larger % that means to me things will be Rosy for all of us Coat Tail Riders in the near future.
(All IMHO)
forgetaboutit1 I Think You Can Forgetaboutit
Got My 1st Ever, Piece Of (Snail) Mail From ERHE. Just letting me know the Rights Offering has been extended.
I Believe The Extension Was/Is Needed. It was the middle of Jan. before us & the Brokers actually knew what was going on & how to participate. And after I sent checks to my broker they then held the money & don't allow one to buy penny stocks with it for X # of business days. So I wasn't allow to buy until last Thur. Just making it under the wire, as Mon. was the cut off day. So this extension makes prefect sense to me.
I'm Not Worried About Offor Participating. Kenya & Chad Blocks did not fall out of the sky & land in ERHE's lap. ERHE did not fall on their knees and beg "Please Please Please, GIVE us those blocks. IMHO ERHE had to know before receiving the blocks what they were going to do with them, if they got 'em. And I would think they would have to explain to Kenya & Chad "how would you bring these fields to production if we award them to you?" Shortly after getting the awards ERHE comes out with the Rights Offering. Offor WILL FULLY participate. That IS the plan. ERHE has Offors' backing, and they have said so in so many words.
Any Ameritraders Here Who Have Bought Any Of The Subscription Rights? Did you have to go through a broker, or did you do it on line? Was the fee $9.99 or $44.99? If you did it on line, can you give ma a heads up how to do it.
Thanks in Advance.
wm960 Check Your "History & Statements"
Tryoty I Don't See How. To me we would be buying shares coming straight off the printing press. We would not be buying off the market. Please explain how us or Offor buying these extra shares will have an effect on the Market Price.
The Way I Understand It, What We Don't Buy Will Be Taken Up By Chrome.
Sure Hope By April He's Got Something Good To Say.
Gertian Van Mechelen, Exploration Manager – ERHC Energy
ERHC expects to begin exploration operations in Kenya's Block 11A by the end of 2012.
Very Exciting News!
Congratulation armin-v-b I Am Very Happy To See You As Moderator. You don't know how happy I am that you took over the vacated spot.
Thanks To All Who Went And Reported. And so nice to hear at least two of our negative posters are impressed enough to ease up on their negative posting. All in all a very positive night.
There Was Talk Of Them Buying Into The Swamps & Jungles Of Nigeria. I think we're better off that they didn't. Besides they needed to hold on to their purse to deal with the DOJ. Not knowing how long that would take, or how much it would cost. If they would have bought some property, and did seismic, & pay for drilling rigs and drilling, the DOJ may have bankrupted them. And as soon as the case was dropped they DID start acquiring. Our ducks have never been more alined or looking so good.
I hope you're happier with other things in your life than you are with this stock you love to hate.
How about them buying some producing properties with upside potential and drilling some of that. They were talking about it 4 or 5 years ago and never got it done.
Or how about getting some blocks 4 or 5 years ago and doing some seismic on those blocks where we would have been ready to drill now instead of being 2 or 3 or 5 years away.
Seriously?
Not drilling a single well for 5 years is their fault.
Congrats On Your R.O.I.
Think I'll tell my wife about my wise investment made last December. heh heh
December 30, 2011
Message in reply to:
"I just bought another 40,000 shares at 7.8¢ this morning. Please don't tell my wife, she'll kill me."
I wonder how many here will really buy more shares if the offering price is in the 12 cent range.
Does anyone know what percentage of the Kenya block is in disputed territory?
I LOVE The Idea Of Investing In A Stock For A Penny Per Block. Each block capable of containing more than 1 oil well. Finding oil in any one of these blocks will send the price over a dollar. My father taught me to only gamble when the odds were in my favor. With ERHE the odds ARE in my favor.
Math exercise: tell me what are the odds of there being NO oil in ANY of ERHEs blocks.
Someone Should Run One Of Those Polls
OT Sinopec's Clean Coal Plan Shows It's Set To Buy Chesapeake's Texas Oil Field
When I saw the headline this morning about China’s Sinopec pursuing a big energy deal in Texas I thought maybe Chesapeake Energy CEO Aubrey McClendon had finally convinced the Chinese to take that $6 billion worth of Permian Basin oil fields off his hands. That deal might still be in the offing (remember Sinopec CEO Fu Chengyu was a guest of Aubrey McClendon’s for one of the Thunder’s home games in the NBA Finals). But no, today’s news involves Sinopec looking to get involved in something even more interesting.
According to the Wall Street Journal, Sinopec aims to invest as much as $1 billion in a west Texas clean coal project. The idea is to capture the carbon dioxide emissions from burning the coal for power, then piping the CO2 around to be injected into old oil fields to coax out more stubborn crude.
Why The World Is Coming For America's Oil Christopher Helman Christopher Helman Forbes Staff
What To Expect From A Sinopec-Chesapeake Deal Christopher Helman Christopher Helman Forbes Staff
Chesapeake's Strange Plan To Make 'Green' Gasoline Christopher Helman Christopher Helman Forbes Staff
26 images Photos: The World's 25 Biggest Oil Companies
In fact, it’s in the Permian Basin fields where more carbon dioxide is used for enhanced oil recovery than anywhere else in the world. A thought: wouldn’t it make just too much sense for Sinopec to be looking for ways to secure a long-term carbon dioxide supply before it announced a deal for Chesapeake’s Permian assets? Just speculation, but it fits.
As witnessed by Cnooc‘s recent $19 billion of Nexen (and its $2 billion in Gulf of Mexico assets), American political clowns like Ed Markey and Chuck Schumer would waste no time condemning a Sinopec acquisition of Texas oil fields. But would they have the same gag reflex about Sinopec investing in clean coal? They shouldn’t. Because clean coal, at least in this country, has been a pipe dream, while in China the government has devoted billions of dollars to developing and building a number of clean coal plants like the 250 mw GreenGen, which eventually aims to inject carbon dioxide into mature oilfields in China’s Bohai Bay.
We need clean coal in the U.S., and melding the technology with oil recovery is a smart way to make it economic.
That’s long been the belief of the dreamers behind Summit Power Group, the company with the plan to build the Texas coal plant. My former Forbes colleague Jesse Bogan wrote this great magazine story about Summit back in 2008.
The company was spearheaded by Donald P. Hodel, the former Secretary of Energy and Secretary of Interior under Ronald Reagan. Hodel knew there was a demand for all that carbon dioxide. Back in 2008 oil companies in the Permian Basin were using 80,000 tons a day of carbon dioxide, virtually all of it coming from naturally occuring underground reservoirs. Why disturb the CO2 that’s safely sequestered underground already when burning coal creates so much more? A plant like the one Summit has proposed would put out some 11,500 tons of CO2 per day. With dollars flowing into Permian drilling, the demand for injectable CO2 outstrips supply.
The U.S. needs China’s clean coal technology. The Permian Basin needs more CO2 to coax out stubborn oil. And Chesapeake sure as hell needs the billions that Sinopec might be willing to pay for its Permian assets. It’s such a great plan that I’m sure the politicians will hate it.
http://www.forbes.com/sites/christopherhelman/2012/08/15/sinopecs-clean-coal-plan-shows-its-set-to-buy-chesapeakes-texas-oil-fields/
Anyone Here Sell For 9 Cents This Morning???
Correct You Were!