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Apparently some good news for Starcrest and ERHE on a slow day in Hydrocarbon News!
10-Q Please!
Go ERHE!!
Sneak
Seek The Nigerian Government controls 55% of OML-40. Eland Oil and Starcrest control 45% of OML-40 thru a joint venture called Elcrest. Starcrest controls 55% of Elcrest with the balance belonging to Eland Oil.
So, Starcrest Controls 24.75% of OML-40
Have a Great Day!
Sneak
First the NAPE Conference and then a deal may be in the works with Oracle Energy to form Wellpoint Energy to buy Brazilian oil properties!!
All I can Say "The Beat Goes On"!!
Dream On Middy, Dream On!
Sneak
So you wish! The fact that ERHE is Still afloat is testament to their political connections World Wide!!
Just read it and sweep Middy.
Sneak
And the Truth Shall Set You Free!!
Thanks Farrell
Sneak
Oh No, more Facts!!
http://www.elandoilandgas.com/files/3914/7817/6758/Eland_South_Africa_Presentation.pdf
Sneak
OML40 at a glance! far from Broke!
http://www.elandoilandgas.com/operations/oml-40/
Just more Facts
Sneak
If Peter can get a deal with Starcrest, ERHE would get it Won and Done!
JMO
Sneak
Call the Office if you want to know the answer to your question about the Texas Oil Well. I am not your 411! or Goggle!
As for Peter receiving a check in the Cayman Island it is his choice where his check goes. but as far as the Taxes on this check being owed to the IRS, Please do not trouble yourself as Wesley Snipes did the same thing with money coming out of Hollywood and did not pay all the tax revenue he owed and went to jail for that mistake.
The only person to do the same thing and not go to jail is Mitt Romney and Peter Ntephe is no Mitt Romney.
Just More Facts
Sneak
Now the attacks switch to Newstar's oil well purchase. When will the Left be Satisfied with their destructive dialog about ERHE and her sister company.
Sneak
All just conjecture without relative facts listed in the 10-Q due out mid February 2017.
Just more Facts
Sneak
It is not over until the Fat Lady Sings.
Sneak
Giddy Up!! Report away!! Go for it. You seem to have All the answers as You Claim, but I am sure it will fall on deaf ears as the SEC have Bigger Fish to Fry.
Sneak
The first quarter 10-Q comes out in mid February 2017 and should reveal a clear path forward.
Any revenues from the Texas well lease would be nice to see in the 10-Q as well as any movement on the MOU with Starcrest and the other leases ERHE has.
Sneak
That is for you to find out, which the secret handshake society already Now!!
You and your followers are being out-flanked.
Sneak-attack
Remnants of the "White Board" from years past
Sneak
Seek, Addax is run by Sinopec. The pieces seem to be falling together.
Do I see the "White Board" coming back to Life?
New ERHE web page shows an "Oriental Man" working the Rig. HMMMM!
Has anyone seen any SEC action on ERHE, No, I did not think so. just another NON Event scare by a few posters!
Just more Facts.
Sneak
Anything you Pontificate about has absolutely very little meaning to me and others.
Just more Facts
Sneak
King, what I am saying is this company has less than a $320,000 market cap and the smallest market cap that I could find where the SEC would get involved with had assets of $50 million and a very small market cap of less than $8 million.
Although the filing requirements may be the same as per the SEC, I doubt you can fine a company with assets and a market cap as low as ERHE where the SEC got involved.
The constant fear mongering about the IRS, moneys that maybe owed to Cespa and now the SEC somehow may drop a hammer on ERHE is all BullShxt!
That is the point about all the negatively.
The Fact that ERHE is selling at .0002 is because of the CD and the public perception of uncertainty going forward.
Tuesday is tomorrow, let's see how the SEC handles this issue. I say they do Nothing as they have more important Fish to Fry!!
Sneak
The 90 day rule is for companies that have a Market Cap in Excess of $50 million dollars. That is not the case with ERHE, market cap about $320 thousand by your share count if that can be believed.
Please show me the SEC link that requires Nano-Cap stocks like ERHE to be held to the 90 day Rule!
Just More Facts.
Sneak
The SEC is very clear when dealing with Nano-Cap stocks. This company has a capitalization of $320,000 if one were to use your number of outstanding shares.
The 10-k would be due on the last day of business in 2016, which was Friday the 30th of December. That date does not change.
The Fact that ERHE filed for an extension changes that date to January 14th 2017. But this should not matter either as the SEC has never done much interdiction when it comes to Nano-Cap stocks.
Like always you always make an issue out of a Non-event or should I say a Mountain out of a Mole Hill.
Sneak
Sorry, nice try twisting my words. Tuesday is right around the corner.
We will have to see what happens. It will be a non issue for the SEC.
Sneak
I completely agreed. Filing requirements and dates for stocks with a Nano-Cap are quite different than those with more than $50 million in Capitalization.
Sneak
I am sure you can figure out what this back and forth posting is all about.
Let's see what the SEC does Tuesday the 17th of January 2017.
The original due date does not change based on when the extention was filed. The extension moves the original due date back 15 days past the original due date.
There is a tremendous amount of uncertainty involving ERHE'S future and that is reflected in the share price of .0002
Sneak
It is the due date in your mind's eye only!!
Tuesday will be here soon enough and we will have to see what the SEC has to say and that is yet another Fact regardless of what you may state.
Sneak
Weekends and Official National Holidays where the Government agencies are closed on the extention due date the filing is delayed until the first business day following the weekend or National Holiday.
Monday is a National Holiday!!!
Like it or not, those are the Facts.
The 10-K is due Tuesday before the close of the business day.
Sneak
Under CFR 240.3 filing material with the SEC.
Checkmate Middy! I am RIGHT and You are WRONG!
Read it and Weep!!
And the Truth Shall Set You FREE!!
Sneak
You are wrong again. Erhe filled out the paperwork on the 29th and recorded it with the SEC on the 30th and that Is A Fact!
Let see what happens on the 17th of January this coming Tuesday.
Once more you are given Proven facts to Chew On!
Sneak
Fess up! The due date for ERHE is January 17 2017!
Say it is not So!!
Sneak
The .0002 stock price is a direct reflection of public uncertainty and the stock conversion and Once Again, You Know This and continue to State Otherwise!!
Yet Another Factual Moment From Yours Truly,
SNEAK
No boogeyman or skeletons in this 10-K as Always and you Know This!!
Just More Facts!!
Sneak
Seek, thanks for delivering the Facts Once More!!
Sneak
No it is not! Some say it is worth .0001 and others think it is worth more .0002 and the Argument Continues!
Now That is the Facts Once More!!
Sneak
Sales Pitch Indeed So, however you are now claiming that Scotforth, in their own words are misleading when if you researched their technology, they rely on proven discoveries to increase the reliability of their technology in locating sub-surface discoveries.
They simply tweak the resolution to match the discovery details and they clearly stated their technology is some what lacking in undiscovered territories.
Once again, just more Facts!
Sneak
For those that think the "DHM" technology is God's gift to Oil Exploration, please see the following statement from Scotforth
"In proven field areas, the success rates can exceed 80% while in untested Frontier basin settings, where conventional petroleum geology has yet to prove a working petroleum system, these expectations are prudently scaled back, pending initial drilling".
So, Like I said, the Scotforth article is nothing more than a sales pitch to used their technology and If Cespa and ERHE had used it, there is no guarantee that it would have produced different result and that is by Scotforth own word!
Just more Facts, Yet Again!!
Sneak
70% to 80% by their statement. Hardly Foolproof ! Scotforth should show the sub-surface anomalies that they said were Highly Prospective, but ended up Dry Holes! Now that would be Fair and Balanced!!
Just more facts!!
Sneak
You Betcha!
Sneak
Kownski: here you go. open up the link below, start reading the article first paragraph at the end (click Here) in blue to enlarge the image to the right.
http://www.scotforth.com/cgblog/18/83/The-Emerging-Petroleum-Provinces-of-the-Tertiary-Rift-Basins
Sneak
King, in response to your post about Scotforth, I find it odd that a company that does Digital Hydrocarbon Mapping from a satellite in space would randomly select ERHE as an example of how, if used, their technology could have saved ERHE the disappointment in drilling a drywell in block 11A.
I find this article to be nothing more than a solicitation to used their technology. Lets look at block 11B and how Adamantine Energy and Bowleven could not come to an agreement on where to drill and how much money was going to be spend developing the block and who was responsible to pay their share of cost when the whole of the block seemed to be inconclusive as to where to begin and Now Scotforth's DHM shows a superlative anomaly that could have been drilled in block 11B.
Scotforth is showing ERHE'S block 11A as having low Prospectivity with No definitive targets to drill. Scotforth continues to show that ERHE drilled right on the edge of an otherwise marginal target, thus insinuating that with their technology the results would have been different as it appears that Cespa and ERHE drilled off target.
Remember, Block 11A had 13 drillable targets and somehow Scotforth shows only (1) marginal target on their screen, just amazing!!
No matter what ERHE does or does not do there always seems to be an ends stream of Criticism.
JMO
Sneak