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Impressive volume of words over the last 24 hours. Seems like small circle of investors supports both sides, that revocation will happen and that revocation won't happen. As with all the other erhc bullish bullshit, no matter what happens it is painted as a good thing
Everyone get's that by now.
Every attempt to rally the stock has been slapped down by an endless supply of sellers.
Why? Because every bullish argument is based on the dictionary meaning of bullshit
It's made up. But I don't care.
I will hold on to my 50 million shares.
No matter what.
Wow...
Can I refer you back to post 335119?
This looks like a desperate response, since it is obviously false.
Revocation means the share value is zero and that it can't be traded
Aha, ok. I'm gonna sell all my shares on monday, first thing I will do that day.
No, it means that you need to carefully read post 335119
You need to focus on post 335119
Did you ever consider even $32,- ?
Have you ever considered the option of $16,- ?
Well, keep looking at the share price every day, and also the volume.
You don't HAVE to understand everything in life, and about assets.
Some people make other decisions. I debunked everything.
Just keep following us investors here…
And despite all that:
* ERHC is still not bankrupt
* somebody did seem to see value in paying for those expensive lawsuits
* And, of course: https://www.energycorporateafrica.com/dr-peter-ntephe
So, it seems that it still is about the assets.
Nice post from almost a year ago:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148927919
I'm content with my 50 million shares.
So the point is obviously not:
The point is with all the claims of $8 share price, huge short squeeze, dividends, the stock can't rise above 1/10 of a penny. On the slightest move up sellers dump shares. erhe trades such minuscule volume because no one wants to pay more than $.001 for it.
What's debunked is the $8/share, dividend, short squeeze bullshit.
That is incorrect.
No, it had everything to do with SSC's remark, that I just debunked.
I wonder who is selling all these millions of shares at a price so close to zero. erhe supposed to be in hands of steel, all the shares locked up, (...)
No, but huge amounts of people sell incredible amounts of shares... to WB.
Go Figure. So it's a non-argument. Debunked.
On the contrary, it's the other way around:
Thin, Low-Priced Stocks = Higher Investment Risk
When scouring for watch-list candidates, keep in mind that price matters, too. Unscrupulous promoters of penny stocks can easily manipulate a stock trading less than $5 or $10 a share.
To reduce such risk, it's best to stick with stocks that have a minimum dollar volume of $20 million to $25 million. In fact, the more, the better. Institutions tend to get more involved in a stock with daily dollar volume in the hundreds of millions or more.
On a market the name of the game is buying and selling…
Even today people sell their shares to Warren Buffet...
Now who would be so unsmart, to sell their shares to a man with such a fantastic reputation?
And still… it happens.
But the % volume in ERHC-trading is not that big... so you should see this as a sign.
That's what's keeping me here, all that bullshit.
Right?
Doc
Well, it seems that Total thinks differently, otherwise I can't explain their current efforts…
I never paid much attention to the Pre-Salt, because I was in hibernation-mode:
https://alchetron.com/Pre-salt-layer
This is especially common off the coast of Africa and Brazil.The amount of oil is not well known but is thought to be a significant fraction of world oil reserves.
(…) Drilling through the rock and salt to extract the pre-salt oil and gas is very expensive. (…)Pre-salt oil is of good quality, although it is found in reserves that are in deep-sea areas and under thick layers of salt, requiring large-scale investment to extract it..
Indeed, cool...
https://www.yourdictionary.com/pangaea
Well, there you have their intentions with the JDZ and EEZ, lol.
I mean, they indeed, don't give there laptopcomputer that name for no reason…
Again, wow.
So now a supercomputer can prove commercial oil?
It enables Total to reduce geological risks in exploration and development, accelerate project maturation and delivery, and increases the value of our assets through optimized field operations, with all this at a lower cost,” stated Arnaud Breuillac, President Total Exploration & Production.
I have one at home:
https://www.ep.total.com/en/expertise/exploration/pangea-iii-world-first-commercial-computing-power
Nice movie.
https://www.total.com/en/media/news/press-releases/totals-pangea-iii-supercomputer-ranked-first-industry-worldwide
Pretty serious stuff...
It still looks like the company is not bankrupt.
Do you have an explanation for that?
Normally it would already have been "Mamba out", right? RIP Kobe.
Strange.
The Doc.
Krom,
Check your mail again please.
tia.
The Doc.
Krom,
Check your ERHC related email please.
The Doc.
LoL:
"Dont panic shorts will soon rush to close out."
https://uk.advfn.com/stock-market/london/tullow-oil-TLW/share-chat
The Doc.
Also:
Reasons for decimating the share price by 70% currently. The Group expects 2019 full year net production to average c.87,000 bopd. The Group also expects to deliver free cash flow of c.$350 million. The group has liquidity headroom in excess of $1 billion and no near-term debt maturities. 2020 Group production is forecast to average between 70,000 and 80,000 bopd. Group production for the following three years is expected to average around 70,000 bopd. The non-operated portfolio is performing well, and production is expected to be sustained for the medium term. The audits show increased oil reserves for Jubilee, Ntomme (offset by a c.30% decrease in Enyenra reserves) The Board believes that a series of actions will help deliver sustainable free cash flow. "Despite today's announcement, the Board strongly believes that Tullow has good assets and excellent people capable of delivering value for shareholders. (Announced at share price of £1.40) The drilling of the Carapa-1 well on the Kanuku Block in Guyana continues, with a result expected before the year-end. Hmmmm Yes, thats got to be reason enough for decimating the share price by 70% today..
If the Carapa well is sweet oil (now being drilled), then the share price will explode up again.
A MASSIVE bargain at 44 pence...
Wow, 'brother' Tullow is a serious bargain as of today:
this is from yesterday, before the extreme plunge of today:
After all, if we take a closer look at the trading volume of Tullow's shares on the LSE on November 13, we will uncover a literally staggering fact. The gist is that volume was the highest in almost five years. The sell-off was impetuous. It is tough to say what precisely fueled the sell-off and such precipitous price slide, but, as a reminder, institutional ownership in Tullow is high, so, the drop was so momentous perhaps because some funds with substantial shareholding in the company curtailed their exposure, as the equity lost its appeal for them.
https://seekingalpha.com/article/4311264-tullow-oil-reanimating-thesis
This is a obvious case of 'institutional panic'.
Almost 90% institutional:
https://simplywall.st/news/breaking-down-tullow-oil-plcs-lsetlw-ownership-structure/
It's for a good part the resignation of Paul McDade, Chief Executive Officer, and Angus McCoss, Exploration Director... rest was already mostly known…
Wow.
SSC,
I sit back, I relax, and enjoy myself with a glass of wine!
So how much did it cost? Link please
Isn't this the 2nd well listed in that link which was erroneously referred to as the new 3rd well which now everyone knows only existed in the made up alternative fact based new-erhe-paradigm world?
So this doesn't change the 4000 boe number, does it?
It definitely did not change the FACT that no one in the entire world has been willing to pay more than 1/10 of a penny for erhe for years. erhe is worth what the market is willing to pay for it; sorry but that's the way it works in the real world.
“ends up contributing to the promotion of the oil potential of the São Tomé and Príncipe EEZ, which is still unknown and untapped.” (Macauhub)
ERHC Volume: 1 share.
No that is LOL.
Looking forward to it.
You too?
I sit back, have a glass of wine, and enjoy the show when it starts...
You too?
Tick, tock, tick, tock…
It's Sunday, I'll have a glass of wine, and will enjoy the show later on.
Hang in there.
He SSC,
Seems like a small circle of stuck investors just can't give up on the made up, baseless story that there are 1.5 billion erhe shares sold short by evildoers with secret offshore trading accounts. This false rumor began 4 years ago when erhe shares were free falling for the first time but it couldn't prevent the massive dilution, reverse split and vaporization of all shareholder value before the 1:100 reverse split. Now, another 3 billion shares later and price near zero again, a tiny percentage of shareholders tries to perpetuate the rumor. So sad.
So why do you think erhc stopped reporting?
He, SSC,
Care to answer 18579?
I'm still waiting for an answer from you.
The Doctor.
The well was not "dry" in the sense that the well was never meant to be a producing commercial well. It was an exploratory well which would eventually lead to a commercial well should they find what they wanted.
It now sounds like they did find what they wanted.
Krombacher
Jesus, Krom,
What great finds you make these days:
http://www.earthdoc.org/publication/download/?publication=99436
"Cepsa´s block is located at the junction(…)"
Present tense, I'm not sure why, but maybe they indeed never left, officially?
Again, great finds. But I'm not sure as what to make of the recent date on this paper, and it's link with the 29th International Meeting on Organic Geochemistry (IMOG), 1–6 September 2019, Gothenburg, in Sweden...
https://www.oilnewskenya.com/cepsa-withdraws-kenyas-block-11a/
Hahaha,
Indeed.
Sometimes, sheer common sense is one of the most beautiful things on earth to modern man!