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The timing I see, is just when we break thru resistance
at .60, and move to .61....the AFREN/EEL crew jump in to slap us back down! with secret information nobody else has, especially from people who aren't even shareholder in ERHE, and the information seems to always have a good spin for EEL
.....Now that it timing you can set your clock to again, and again.
I would think we hear results, because....
there will be several hundred drillers that will know more about the worth of ERHE, than the shareholders know. This could be determined to be a selective disclousure, and create an unfair advantage to a special group of people.
Chew'en thru .60...tough piece o'meat....em
oilcowboy....
now that is a very interesting prognosis!...and you may very well be correct.
jmho
tryoty...the only promotion type thing I see....
working to any degree, would be to have "linkable" stock symbol show up next to our partners included in the PR's
Ok, Dan shot this down because it required their permission!...WELL GET THEIR PERMISSION!....what else is management busy doing, anyway.
Ok, lets say SNP and Addax won't agree to it...fine
How about TRANSOCEAN (RIG)....why would they refuse having free promotion of their rigs working off W.Africa?
With a PR, That has a link to (RIG)...ERHE automatically gets a million new eyes on its News releases.
jmho
Doesn't matter if the round goes off or not....
there is a very good likelihood, that DRSTP spills the beans, thinking it will benefit them....whether it does or doesn't is immaterial.
MM FORT buying shares all day long for somebody...
The Sao Tomeans may take matters into their own hands....
and release information. The prospects of a large discovery will means millions of $$$$ into their coffers from a bidding frenzy on the EEZ Blocks.
I doubt they care what the Chinese think, if it cheats them out of a fortune in Signature Bonuses.
jmho
Hey tamtam....good to see your back posting....
This sounds encouraging to me....
from the PR....
"We are thrilled that the drilling campaign continues to progress on schedule and we look forward to the release of comprehensive drilling results when the operators complete their analyses," said Peter Ntephe, chief operating officer with ERHC.
ERHC Energy Inc. Technical Partner Spuds Second Well in JDZ Block 4
Press Release
Source: ERHC Energy Inc.
On 8:00 am EST, Monday November 9, 2009
http://finance.yahoo.com/news/ERHC-Energy-Inc-Technical-iw-2043510223.html?x=0&.v=1
Companies:Erhc Energy Inc.
HOUSTON, TX--(Marketwire - 11/09/09) - ERHC Energy Inc. (OTC.BB:ERHE - News), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced the commencement of exploratory drilling at the Malanza 1X well in Joint Development Zone (JDZ) Block 4. It is the next phase in the comprehensive drilling campaign that began in August.
Addax Petroleum, ERHC's technical partner and the operator of JDZ Blocks 3 and 4, is using Transocean's Deepwater Pathfinder, a fifth generation dynamically positioned deepwater drilling rig, in this campaign. Drilling of the Malanza 1X well is estimated to take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others.
The Malanza 1X is the fourth well drilled during the current campaign, which encompasses JDZ Blocks 2, 3 and 4. It is the second well drilled in JDZ Block 4, in which ERHC has a 19.5 percent interest.
"We are thrilled that the drilling campaign continues to progress on schedule and we look forward to the release of comprehensive drilling results when the operators complete their analyses," said Peter Ntephe, chief operating officer with ERHC.
Last week, Addax finished drilling a well at the Lemba 1X prospect in JDZ Block 3 in which ERHC has a 10 percent interest. A comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models will now be carried out. The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various prospects being drilled and provides valuable insight into the prospectivity of the entire area.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ. The Company has additional interests in the territorial waters of Democratic Republic of S�o Tom� & Pr�ncipe known as the Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
Cautionary Statement
This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of S�o Tom� and Pr�ncipe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.
Contact:
Contact:Dan Keeney, APRDPK Public Relations832-467-2904
VIP1999....
XOM only had Preferential Rights in the JDZ (all of them required payment of the Signature Bonuses)....they never had any Preferential Rights in STP's EEZ.
Nigeria: ERHC Schedules Drilling Campaign for Five JDZ Wells
3 November 2009
http://allafrica.com/stories/200911031243.html
"We are working in what we expect to be a large oil field encompassing many prospects throughout the Joint Development Zone," ERHC said in a statement. "Whether one prospect proves to be a major or modest discovery is less important than what we learn about prospectivity throughout the wells being drilled."
I thought Lemba was our worst prospect?...em
Agbada Reservoirs?...
http://energy.cr.usgs.gov/WEcont/regions/reg7/P7/tps/AU/au719211.pdf
Isn't it about time for Oily to chime in....
and really confuse us all about ERHE happens?
MM FORT is buying up shares, for someone....
tryoty...you don't know what my situation may be...
and it really doesn't matter, anyway. Just what do you propose we PROMOTE?
The fact that we have partial ownership in a few holes in the Ocean?..that our partners have thrown millions of $$$$ into.
We need oil, commercial oil, nothing else matters, and right now we don't know if we have it or not.
So....show me the oil!
screw promotion, show me the oil...em
Thanks, thats some good work there vip1999.....
formerly Reynders Gray & Company, out of NY....primarily use to play on the NYSE.
I still cannot find market maker FORT....
on any list, anywhere!....Who are they, and where did they come from?...they are not listed as a MM anywhere?...anybody got a link to them?
We need News of a Commercial oil discovery....
nothing else will move ERHE to the next level.
jmho
Anybody got info on MM FORT?....
are they Canadian?....I can't seem to find much on them.
New MM FORT on bid.....
We are trading........
Trading says..Nobody Knows Nuttin....em
jake1279....rumor at this point in time...
but both Fishdog and Mark agree on KINA...so it does hold some weight...If its verified we will go much higher.
jmho.
rigmyster...I was under the impression that Nigeria....
didn't have the capacity to even refine enough oil for its own needs, and was actually a net importer of gasoline. So additional refinery capacity would likely be used to help Nigeria supply itself with product.
I conclude that Kina is a sure thing, and now they...
want to see if it extends to Malanza....jmho...We have had early reports that Kina was a very strong prospect, rumors anyway.
Now they are drilling in the closest prospect to Kina and the channel.
We may have a huge field on our hands!.....
It goes right thru Malanza.....
It could also mean that Kina and Malanza are....
connected,...a huge field!...maybe,possibly!....if this is true then Block 4 could be huge. Where is the Meandering Channel in relation to all of this?..anyone?
Malanza Prospect...
Now what could this location possible mean?...any insight?
see map below...
What kind of "producing" oil assets, are you going to find for $30MM?...something that can be blowup by MEND...or have a serious mechanical production problem?...then where are you at?
Hunker down and save the cash!..imo... We have already wasted millions on BS promotions...that backfired and cost us more than they were worth.
Strike oil, and leak it to the World...nuff said!
midtier, you are correct, it tells us nothing....
definitively, one way or the other, and exactly for the reasons you state.
It does however tell us that some sort of hydrocarbon system, does indeed exist,...even from very early analysis....and the hydrocarbon system is located in several intervals.
A stand alone gas well,...is not applicable to Deepwater, and does not need to be mentioned. There are no stand alone deepwater gas wells in existence off W.Africa.
Do you really think it would be wise to have several different sources reporting their spin on the results of the drilling campaign?...possibly contradicting one another?....or using different metrics to analysis the results?
ERHE has released more information about block 4, than anyone else has at this point in time. It is the responsibility of the Operator to release information, not ERHE's BOD.
Your dog cost ERHE $20mm today....:o
Why does China have to wait a couple of months....
to buy ERHE,...they should know if there is oil or not....buying ERHE would be nothing more than pocket change for them anyway?....who needs an official statement, not China.
feb??..we could hear today,we are owned by SNP!...em
tryoty...keep beating the company into the ground...
you are really helping us all, with your friggin rants. Go boy,your on a roll! This board is its own worst enemy! Complain to somebody who can do more that sink the share price.