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Whatever you did cleared it up for me also, thanks. Can't help but be curious about what is was tho.
Magic
Same here, been complaining about it for a couple of days, but no one seems interested.
Magic
And that's just the rig and crew, the drill pipe, mud, etc are all extra costs, which can bring the total closer to $1M per day, on average.
JMO, Magic
I'm using IE 7 on this computer.
Magic
I get that same box, about one out of five times when I click "next" or "favorites". If I don't click the back button, the site locks up and I have to close it and reenter. A huge aggravation. Anyone have any thoughts on fixing it??
Magic
Sorry if this has been discussed here already, but I keep getting this box on a recurring basis:
Internet Explorer cannot open the site http;//investorshub.advfn.com/boards/favboards.aspx. Operation aborted
I click OK, then back and reselect and it works, but I am getting this box several times per day. Anyone???
Magic
Jim, I concur entirely.
Magic
Has he actually been selling or just filing 144s in case he wants to sell whenever the next run happens?? Havin't looked for the Form 4s, which are required if he actually sells, but don't recall any having been posted here.
Magic
You are mistaken. That is not shares HELD by ETMM, it is shares they traded as an MM.
Magic
Why does this keep popping up
http://usas1.advfn.com/oasis/oasisi-i.php?s=62
Why does this google search keep popping up?http://usas1.advfn.com/oasis/oasisi-i.php?s=62
Why does that google search page keep popping in?
Why does the google search keep popping up?
TF, since Dutchess has never received any shares from the company, nor ever entered into any debt transaction with the company which could entitle them to receive shares in the future, you must be arguing that they are just selling shares short for the heck of it. However, there has not been an increase in the short position, so that is conclusively NOT the case.
Further, since no Form 4s have been filed, no directors have been selling, unless, of course, you believe they have been doing so illegally, which is rediculous.
Face it Threeflight, you have been proven wrong on both counts. It is time you showed some maturity and admitted your error.
And for the sake of all of us longs, please discontinue this daily assault on the shareprice.
Magic
Guess ya'll never heard of the phrase "with due bill attached". If you sell a stock after the record date, but before the payment date, it is transferred "with due bill attached", which means your broker is obligated to forward the subsequent payment to the purchaser when it is received.
Magic
For once, a post I can agree with. Good explanation, and accurate, in my informed opinion.
Magic (long)
mromro, thanks for your obviously well informed input. Please feel free to contribute more frequently. Membermarked.
Thanks, Magic
I can tell you exactly what the problem is with the share price.
A little while back, when it was $1.75 or so, I bought a good chunk of Jan11 $5 calls, thinking the stock was artificially devalued and would rally soon.
As soon as my options expire the pps will rebound dramatically.
Magic
You can set the timezone to match the market time.
Ya got something against that little timer in the bottom right corner of your puter screen? Or do ya have that hidden?
Magic
A VERY HEARTY AMEN TO THAT, UMBRA.
Never seen so many people with holes in their feet in one place before.
Magic
bin l,
"I'm off this daily roller coaster as of this morning. I can put my money to better use elsewhere, frankly"
6600 shares traded so far today.
Surely you haven't made such a nuisance of yourself over 6600 shares.
Just wonderin'
Magic
Intersting post Krom.
"What about from the shareholders side? If management comes through with our expectations, can we deliver more trust, more understanding, and fewer calls for dismissals?"
Absolutely!!
"What does ERHC want from us?"
Apparently, invest our money and sit in the dark, quietly.
Magic
PS: I have not been a complainer, tho not happy with the lack of information. I knew what I was buying when I bought it, and my options have always been to stay or go. I like my feet free of bullet holes.
What's up this morning??
Rec. Time Action Price Volume
10:20:32 AM Trade 0.038 25000
10:10:32 AM Trade 0.038 43450
10:10:27 AM Trade 0.036 5000
10:03:39 AM Trade 0.035 5000
9:58:56 AM Trade 0.036 444500
9:58:08 AM Trade 0.034 42000
9:57:31 AM Trade 0.034 10000
9:47:29 AM Trade 0.034 128400
9:47:16 AM Trade 0.0335 10000
9:46:54 AM Trade 0.033 30000
9:46:50 AM Trade 0.033 50000
9:46:34 AM Trade 0.033 20000
9:33:12 AM Trade 0.032 10000
9:30:04 AM Trade 0.032 3000
Magic
Old man, thanks for the correction, I was typing while doing something else.
Magic
100 to 150 million barrels already expelled in 90 days and still holding pressure of 6700 psi at the wellhead. I'd take my chances on the commerciality of such a well every day, thank you.
Magic
"NEVER" is an absolute. I think BP would dispute that "never" idea right now.LOL
Magic
Nothing really new; gravity, summer doldrums, and negativity, all draggin us down. I am more upbeat than I have been for months, but not many of us can see past the trees to view the mighty forest.
Magic
Kodak is headquartered there.
Magic
YOu obviously never heard of the Casavants.
Magic
FDA slammed Avastin today for brest cancer due to failure to increase survival and wicked side effects. May take it off the market for that indication.
Magic
Krom, you are failing to take the pressures into consideration in your formula.
Your assertions clearly do not apply in this instance since ERHE will remain a US company, thus your entire post is off topic and should be deleted.
Magic
But ERHE will continue to be subject to all SEC rules, as it will continue to be a US domiciled company. The only difference will be that you can buy shares thru AIM instead of just OTCBB, and there will be some new AIM rules to follow.
Magic
I think it is clear that the intention is to trade on both exchanges with the single corporate entity.
Magic
Jul 08, 2010 16:16 ETChief Executive Officer Updates ERHC Energy Inc. Shareholders
HOUSTON, TX--(Marketwire - July 8, 2010) - ERHC Energy Inc. (OTCBB: 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 issued the following update on Company activities from Peter Ntephe, chief executive officer.
To ERHC Shareholders:
I am pleased to update the ERHC Energy family on the company's recent progress.
Listing on the AIM Market
ERHC's Board of Directors has approved the procedure for application to list ERHC on the AIM market of the London Stock Exchange. The Company is proceeding to apply for the listing of ERHC Energy Inc. on AIM rather than listing a subsidiary and offering existing shareholders the option to exchange their shares for that subsidiary's shares. The Company's management and its advisers determined, after a re-evaluation of the options, that applying to list the parent ERHC Energy Inc. (rather than a newly formed subsidiary) would be the most expeditious and cost-effective route to a listing.
The subsidiary listing and exchange offer option, which was described at the last Annual General Meeting, would have enabled the Company to achieve a redomiciliation (upon consent by shareholders to the exchange offer) at the same time as the listing. The Company's management and its advisers have decided, in the interest of an expeditious listing application, to defer the issue of a redomiciliation to a later date after the listing might have been achieved. If any re-domiciliation is later proposed, it would only proceed on the consent of the majority of the Company's shareholders.
This simplified approach makes it possible for ERHC to take advantage of the benefits of an AIM listing without the complexities, albeit eminently manageable ones, of establishing a new U.K.-based subsidiary and executing a share exchange, as previously described. Listing on AIM may substantially enhance shareholder value. It will potentially give ERHC access to a new pool of capital in a market that is enthusiastic about emerging oil and gas companies and knowledgeable about West Africa's oil and gas industry. A listing on AIM also holds out the promise of making the Company more attractive to key institutional investors (many of whom are forbidden from investing in OTCBB companies) and avoiding the comparative volatility attending the Company's current share-trading platform.
With the simplified approach, the Company's AIM listing is now contingent upon the completion of two major types of forensic analyses of the Company and reporting thereon by the Company's advisers and independent experts. The first set of analyses is on the Company's oil and gas assets. The second is on the Company's corporate history, structure, governance and personnel. The reports of the analyses will form a fundamental part of the Company's application to list on AIM. The analyses are already well underway.
It is also important to emphasize that the corporate governance regime on AIM is far more rigorous than the current corporate governance regime that the Company is statutorily obliged to implement. The corporate governance requirements for OTC BB companies are, by the nature of that trading platform, much less stringent than those required of companies on Exchanges such as NASDAQ, AMEX and the LSE. ERHC's management and Board have however long ensured that ERHC aspired to international, corporate best practice, voluntarily adopting and implementing most of the corporate governance requirements of an Exchange-listed Company. While our adoption of such best-practice governance standards has had significant impact on our administrative costs, we find as a result that ERHC is better placed than we would otherwise be to make the transition to a reputable international Exchange such as the AIM of the LSE.
Business Development
ERHC is appraising several exciting opportunities that are expected to diversify the Company's portfolio of oil and gas assets, give us bookable proven reserves and bring ERHC closer to revenue generation. While the pursuit of an AIM listing is in progress, ERHC will need to raise funds to enable us to compete on some of the more time-sensitive opportunities that hold out a promise of enhancing shareholder value. We therefore recently filed a shell registration statement with the U.S. Securities and Exchange Commission (SEC) to enable us to raise up to $50 million to fund new acquisitions. When declared effective, the shelf registration will permit the Company to offer and sell from time to time in the future in one or more public offerings up to $50 million of its preferred stock, common stock and warrants, or units consisting of any combination thereof. The specifics of any future offering, along with the prices, terms and the use of proceeds of any securities offered by the Company, will be determined at the time of any offering and will be described in detail in a prospectus supplement filed with the SEC at the time of such offering.
Exclusive Economic Zone
Earlier this year, the government of São Tomé & Príncipe awarded ERHC 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). ERHC holds those Blocks free of any signature-bonus obligations in accordance with the prior agreements under which the awards were made. In recent weeks, our management representatives traveled to São Tomé & Príncipe to meet with the National Petroleum Agency of São Tomé & Príncipe (ANP-STP).
Our discussions with the ANP-STP have been quite positive and focused on establishing a mutually beneficial timetable for commencing negotiations of Production Sharing Contracts. There is a lot of excitement in São Tomé & Príncipe about the ongoing licensing round being conducted by ANP-STP for other exploration blocks in the EEZ. This Company shares that excitement especially as we were one of the first international companies to identify the possibility of hydrocarbon reserves in the country. We were certainly the first company that had the foresight and conviction to partner with the government of São Tomé & Príncipe with a view to exploring the hydrocarbon potentials. We look forward to even more exciting times ahead for the country and for us in the EEZ.
All the excitement surrounding the EEZ is with good reason. Certain crucial indicators of prospectivity have already been noted in the EEZ. The close proximity of the EEZ to the proven hydrocarbon systems in the adjacent territorial waters of Nigeria, Gabon, Equatorial Guinea and Cameroun suggests the potential for hydrocarbons, which is further supported by seismic data and petroleum seeps seen on the islands. More specifically, seismic data for EEZ Blocks 4 and 11 indicate interesting, prospective structures.
EEZ Block 4 totals 5,808 square km, situated directly east of the island of Príncipe. The northeastern area near EEZ Block 4 contains a large graben structure, which is bound by the Kribi Fracture Zone.
EEZ Block 11 totals 8,941 square km, situated directly east of the island of São Tomé and abuts the territorial waters of Gabon. The Southern area, where EEZ Block 11 is situated, contains parts of the Ascension and Fang Fracture Zones.
Our discussions with potential farm-in partners for exploration of the EEZ Blocks are continuing. The interest already shown in our Blocks has been encouraging and we are continuing to seek interest from other potential partners.
Nigeria - São Tomé & Príncipe Joint Development Zone
The analysis of information gathered during the unprecedented, 5-well drilling campaign in JDZ Blocks 2, 3 and 4 is continuing. As we reported earlier this year, the Joint Development Authority has granted the operators and other contracting parties a 6-month extension to Exploration Phase I, which is scheduled to expire in mid-September. During that period, the operators are expected to complete the analysis necessary to identify new potential hydrocarbon plays and develop further strategy for the Blocks. We remain proud of what this Company has achieved in the JDZ in conjunction with our operating partners. Our role, as the party that introduced and has effectively partnered with the operators who have carried out a highly technical yet safe and efficient drilling program in the deep offshore JDZ Blocks 2, 3 and 4, has been fundamental. We look forward to playing a similarly crucial role in other Blocks of the JDZ in which we are interested as well in the EEZ.
If you have questions, please ask the Company directly through investor relations representative, Dan Keeney (214.432.7556 or dan@dpkpr.com).
I thank you all for your continued interest in ERHC and your trust.
Sincerely,
Peter Ntephe
Chief Executive Officer
Howard, hope you have a speedy and complete recovery. Thanks for all you do.
Magic
Picked up several Jan11 $5 calls today @ .10 . Any kind of run should be a multi from there.
Magic
"It is the intention of Empire and GSLM that once financing has been successfully completed and monies have been disbursed, it will advance its early stage discussions to enter into a joint venture with a gulf region oil company to manage the business operations for the full development of oil and gas in the Tasmania Basin."
Which "gulf region" do you think this refers to? Given the reported connections of Sure Capital, I would assume it is the Arabian Gulf. So who would that be, exactly?
Magic