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Extension of Phase I for block 2 just got announced.
Brez
True, but if ERHE "needs" to have production pronto, SEO could offer such deal to companies in producing fields?
Cheers
Brez
The who could also be a company who may require "protection" from locals? SEO could offer such "protection" by having a stake in the producing field?
cheers
Brez
Yep**
cheers
Brez
Thank Tryoty. First time I read this.
Cheers
Brez
Amj
I must have mist an announcement. What is the " blackout " that I read everyone talking about? I was away for a few days and did not read all the posts!
TIA
Brez
STL,
We get it, we don't know. But it's really free to fire away at possible scenarios at this point. If I've missed yours, I apologize, but could you give me the post number.
Please don't say "see post 224937" because I will freely admit I don't know what I don't know!
Cheers
Brez
Krom,
He could also give the shares to like minded persons. If for instance a total of 200,000,000 shares @.25 were produced and sold to various Chinese companies that are really Government controlled. Now SEO and the Chinese would own 508 M of 923M or 55%.
If the company is then sold at $5 SP or $4.6B, the individual Chinese companies would be able to show a great profit in their business dealings. I don't know if this type of shell game would be advantageous somehow to funelling funds to Chinese Companies via Chinese Government, but nothing would surprise me! But then again, I think anyone could step up with $5/share offer and I bet it would be a 98% acceptance!
Cheers
Brez
Am I missing something here? $50M at .25 per share that would be an issue of 200M shares?
Brez
Unless I'm reading this wrong Strass, isn't it 2Million now and a further 1.9M after the 12 of October if they wish to exercise further purchase at .28? Still not enough to do anything with.
I will freely admit that I am not following the logic in this move other than "cheap shares for someone prior to a known SP rise"?
Cheers
Brez
Krom, if it helps; The value you posted put a smile on my tired face! The average 2P value is $11ish therefore I think it's fair to assume that we should fetch somewhere between 8-12$ for 2P reserves. This is very significant and it highlights how quickly this stock can explode.
Thanks for digging that up.
Brez
Umbra,
I like thought process. Form, 5 fictitious companies controled by SNP, buy 5% each on the open market at .3 over time. If you were to buy out the stock for $5 you would save approximately $860 Millions. Nice.
The only thing is that it takes a long time to buy that amount of stock, so they would have had to start a long time ago!
Cheers
Brez
Agree! That was mine first reaction as well.
Cheers
Brez
I guess he got tired of getting emails?
Just sent him an email asking him how long he was working there and this is what I got back.
Your message cannot be delivered to the following recipients:
Recipient address: d.bovell@greencorp.co.uk
Reason: Remote SMTP server has rejected address
Diagnostic code: smtp;550 5.1.1 <d.bovell@greencorp.co.uk> recipient rejected
Remote system: dns;mx.greencorp.co.uk (TCP|17.148.16.104|63149|66.96.142.51|25) (bosimpinc02.eigbox.net NO UCE ESMTP server ready )
cheers
Brez
ERHE UPDATE extension in Phase I JDZ blocks 3 and 4.
http://www.marketwire.com/press-release/ERHC-Energy-Inc-Announces-the-Extension-of-Exploration-Phase-I-in-JDZ-Blocks-1327572.htm
Cheers
Brez
yeah....ok then...
Brez
KNOC hostile take over of Dana.
http://www.reuters.com/article/idUSLDE68N0OW20100924?pageNumber=2
"KNOC's takeover of Dana, which became hostile in August, is the first time an Asian state-owned company has ever proceeded with an unsolicited bid according to Thomson Reuters data, but is not likely to be the last.
"I think there are more of these Asian hostile offers to come," a source close to the matter told Reuters.
"If you're an Asian corporate and you see this, you realise, you don't have to cross the chief executive or management hurdle anymore. You just need to cross the shareholder hurdle.""
And that's why, immaterial of our managements doing, ERHE will only be sold when SEO has been satisfied with the offers. For ERHE he is "the shareholder's hurdle".
Cheers
Brez
It's always 7 pm somewhere in the world!
Brez
Thanks, retep's translation was good. But the tone in French is more "exploratory" then certainty.
cheers
Brez
retep,
do you have the original link in French by any chance?
Thanks
Brez
Well done, mid. With that post I will take you off of ignore.
Thank you for your time
Brez
LOL**
Brez
Most people don't bother posting on bb ,when they are not invested in them,because there are so many of them on iHub. Thank you for taking time out of your day to post, even though you don't have any skin in the game!
Perhaps if we ever meet, I could buy you a red bull and vodka.
Cheers
Brez
Krom, all I was trying to say is that I trust your post to be truthful. Therefore I wanted to know what you heard and you're take on the nuances.
Cheers
Brez
krom, just go ahead and tell us what you understood to have been said please. I don't think a hundred of us need to call?
Go ahead please just unload brother. You certainly won't get flak from me!
Thanks
Brez
Thanks, I think they call this " a silver lining " !
Cheers
Brez
Maybe that Nigerian Prince that keeps writing to me, finally got his money?
Cheers
Brez
Krom,
Your such a pumper man! We just went from .31 to .32 because of your post!! LOL!
Brez
No Krom, but now that I have, I like it!
Thanks
Brez
and you would not think the French would build a deep water port in STP and do nothing!
French and Chinese to the left of me, French and Chinese to the right of me! Here we are, stuck in the middle with oil! C'mon you all know the tune.....sing it!!!
Cheers
Brez
:0)
Cheers
Brez
The Chinese buying everything, the French buying CVX's share of blck 1, the French now wanting to build a deep water port, yeah..... this has got to be a scam!
Cheers
Brez
The French? Who would have guessed?
Well done young jedi...well done.
Cheers
Brez
BT,
Perhaps, the problem is not with the story, but rather with the liberal, unsubstantiated substitution of SEO for D1?
Like I said, some moron writes a story and subs in his villain of the month and it's suddenly fact?
It may very well be true, but I'm in the "yeah whatever" camp for now.
Cheers
Brez
So Mid, it's a fact? Some crappy blog posts a story and it's a fact? Whatever.
Brez
Kingpindg,
A glance over Saharareporters's past reports have shown that they are prone to inconclusive at best or erronuous reporting/attacks against anyone in a position of power in Nigeria.
I gaf this article off as a "let's make a dime today" article.
Cheers
Brez
No Gap, Friday's high was .35, therefore an open at .35 today does not constitute a gap.
Cheers
Brez
I believe there will be a buy out. I believe there will be a buy out. I believe there will be a buy out. I believe there will be a buy out. I believe there will be a buy out. I believe there will be a buy out. I believe there will be a buy out.
Cheers
Brez :0)
Holy Cr@p! Someone is pushing the stock up!
Just kidding s2r, I just had to write it!
Cheers
Brez :0)