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Manti-Emma is beautiful. Enjoy her. My 4 yr old daughter is named Emma as well!!!!!!
Market closed on Teusday for Preident Ford's funeral. eom
4 days w/0 market being open. Can everyone handle that? lol eom
That is wonderful!!!! eom
you can say that again-but please don't. eom
NADA. EOM
I tend to agree w/you about an immediate price of up to $6 but IF we will be selling rights in increments, I would think that the chances of a rapid rise are pretty good. I would hope that a buy-in now would merely act as a catalyst for a rise in the pps
5 is supposedly an Ultra deep block. maybe thats why if there is any connection at all.
Are you saying that ERHC will be ultimately 100% bought out and only Chrome survives? eom
I'm betting heis insinuating CVX AND XOM. eom
Ledbetter files w/SEC for Stock Options:
http://www.secinfo.com/d1A7W7.ve.htm#1stPage
Carsonckid-Here you go:
Syntroleum selling stake in Nigerian blocks to EER
(12/18/2006 - OGI: Houston) Syntroleum said today it has agreed to sell Energy Equity Resources (EER) its interests in two blocks offshore Nigeria for approximately US$25 million.
The company said the transaction is by sale of 100% of Syntroleum International Holdings. and Syntroleum International Holdings Company, which own 25% interest in Block OML113 and its Aje Field and in Block OML90 and its Ajapa Field.
EER has paid Syntroleum a non-refundable $2 million deposit, and will also pay an additional $10 million by 1 April 2007, or at the time EER completes its raising of additional capital, whichever occurs first. Payments of an additional $13 million could be earned from future farmouts of the Aje Field and initial production from the Aje and Ajapa Fields. Closing of this transaction will occur on or before 31 January 2007.
Previously, EER and Syntroleum's subsidiary, Syntroleum Nigeria, entered into agreements whereby EER obtained a 7.5% interest in OML113, and a 20% interest in the Ajapa Field.
Yinka Folawiyo Petroleum is the operator of Block OML113, while Britania-U Nigeria holds the remaining interest in Block OML90.
OGI Homepage I Contact Us
Walldog-you are obviously assuming the buy-in rumor has no legs. New mgmt would never keep Luca as CEO.
Best, the MM, is Bear Stearns. Wonder who they represent. And the plot thickens.......
LMAO. eom
Yeah, I remember when I posed for that shot. eom
No, that's Fluffy from Harry Potter- The Sorcerers Stone. eom
The company needed this position filled and who ever is buying in knows the co will still need the position filled. The buy-in folks I'm sure approved Ledbetter, if not sending him to ERHC themselves.
Yup-the Malaria will give you lots of chills. eom
SEO cannot draw too much attention to himself. The last thing he needs, and us also, is his dealings put under a microscope.
I don't want to settle for peanuts either, but SEO could easily take less now with the assurances that he will make even more later. Don't underestimate the power of political pressure and the present impact it could have on seo. He may have no choice.
Thought erhc only had 17.7% but maybe that is for blk 4. This stock is making me feel old. eom
Hey-You never know. From OGI:
Abbot wins $360 million contracts in North & West Africa
(12/15/2006 - OGI: London) The Abbot Group today reported its operating subsidiary, KCA Deutag, has been awarded contracts worth more than US$360 million in North and West Africa, including its 350 ft rated jackup rig Neptune, which is currently being refurbished, and its two new Nomad Class land rigs being built by its subsidiary Bentec.
Abbot said KCA Deutag has received a binding letter of intent from a major operator in West Africa for a three-year contract with options for its Neptune jackup rig. Valued at US$225 million, this contract is due to commence in the second quarter of 2007 at a day rate of $190,000. The rig will be mobilized to West Africa from the Gulf of Mexico for a fee of $15million to be paid by the operator. The heavy lift vessel Black Marlin has been contracted for the mobilization with an estimated departure from the Gulf of Mexico towards the end of February 2007, which will coincide with the completion of the rig's upgrade program.
In Algeria, BP in association with Sonatrach, has awarded KCA a one-year contract with options for its two 1500hp Nomad Class rigs, built by Abbot's subsidiary Bentec. This contract is due to commence in the fourth quarter of 2007 and is worth $32million for the two rigs.
In Libya, the company has also been awarded a three-year contract with options, for its 3000hp T-202 land rig, which will be mobilized from Bangladesh. Scheduled to commence in December 2007, the latest contract is valued at $45 million. Also in Libya, Veba Oil has awarded KCA a well-to-well contract for its 700hp workover rig T107, which is estimated to continue over a period of one year.
In addition, KCA Deutag has also been awarded two contracts in Nigeria, together worth about $50 million, from Shell Petroleum Development Company of Nigeria, operator of the NNPC, Shell, Agip, and Elf joint venture. SPDC has awarded a two-year contract with options for the 1000hp T103 rig, set to begin in May 2007, and a two-year contract with options for the newly built 2000hp T209 rig, which is due to start operating in June 2007.
As a result of these awards, the Group has, at today's date, fixed forward contracts valued at in excess of $2.3 billion with optional contract extensions to 2012 with a value of over $1.6 billion.
OGI Homepage I Contact Us
Total is NOT an American Co. But good thought. eom
Bob-where were you stationed? Good friend of mine during that time was stationed at B-Ville, Kingsville and then Miramar. Was an F-14 pilot. "A Naval Aviator".
Place your bets right here ladies and gentleman. eom
Awesome picture. eom
Your'e really scaring me now. eom
Breze-meant to ask earlier-is that you flying the jet? eom
thats tomorrow. eom
Is what true Wall? --These are NEW articles out today from Upstream. eom
Beat me to it Ruby!! LOL-Anyone with a subscription? eom
Players in chase for JDZ stake
An unidentified US oil player is said tro be among an assortment of investors trying to enter the Nigeria&Sao Tome Joint Development Zone in the Gulf of Guinea by acquiring the shares of Emeka Offor, the Nigerian chairman of Colorado-registered ERHC Energy, writes Barry Morgan.
True-any non-negative exposure is good exposure I suppose. eom
The author really earned his salary with that article. eom
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Editor-in-chief
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ERHC sails into black in JDZ
By Upstream staff
Houston-based ERHC Energy, which owns assets in the joint development zone (JDZ) off West Africa, saw full-year profits return to the black.
The company reported net income of $23.2 million in the fiscal year to 30 September 2006, back from a net loss of $11.3 million in 2005.
The company said the improvement was largely due to a $30.1 million net gain on the sale of interests in its blocks 2,3 and 4 in the JDX, shared by Nigeria and the island nation of Sao Tome.
However, the company still reported a net loss of $1 million in the fourth quarter of 2006, down from a net loss of $2.8 million in the same quarter of 2005.
The company has no producing assets and so reported no revenues.
ERHC holds exploration rights to six blocks in the JDZ. It has formed strategic partnerships in the area with Addax Petroleum and Sinopec.
The company's chairman is Nigerian businessman Emeka Offor.
--------------------------------------------------------------------------------
14 December 2006 22:57 GMT | last updated: 14 December 2006 22:57 GMT
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Atleast they filed on time for a change. eom
If Starcrest is truly a front for some high profile politicians, and it it appears that it may be, then there is no way ERHC could be involved.
Ralph-Don't see how you can make that statement based on that blurb, but here's to hoping you are correct.
Article stating Belford Dolphin will be in the GOG-Article is about Kosmos Energy and Ghana, but atleast we now have an idea of where the BD is and when. Here's the article:
Kosmos granted another offshore Ghana block
(12/13/2006 - OGI: Kosmos Energy said today it has added a second block offshore Ghana to its West African portfolio and has secured partners on both blocks. Kosmos and its partners have a rig under contract and plan to drill an exploratory well in 2007.
Kosmos' Ghanaian affiliate, Kosmos Energy Ghana, has signed a petroleum agreement covering the Deepwater Tano Block offshore Ghana in the Gulf of Guinea's Tano Basin. Kosmos and its partners will reprocess about 1,100 sq km of 3D seismic data and evaluate other technical information as part of the initial phase of the six-and-a-half year exploration agreement.
Kosmos and its partners will utilize the drillship Belford Dolphin, under long-term contract to Anadarko, to drill a well on the West Cape Three Points Block, also in the Tano Basin. The partners expect to spud the well during the second quarter of 2007. The block's seven-year exploration agreement calls for an exploratory well after a 3D seismic survey, which was acquired in 2005.
"We have expanded our asset base in West Africa by acquiring an interest in a second block offshore Ghana, which reaffirms our confidence in the upside potential of the Tano Basin," said James C. Musselman, Kosmos chairman and CEO.
Kosmos farmed out half of its initial 36% interest in the Deepwater Tano Block to Anadarko, which now holds an 18% interest. Other partners in the block include Tullow Oil, 49.95% interest and operator, and Sabre Oil and Gas, 4.05% interest. With a 10% participating interest in the project, the Ghana National Petroleum Corporation (GNPC) will be carried through the exploration and development phases.
Kosmos also farmed out portions of its 86.5% interest in Ghana's West Cape Three Points Block to Anadarko and Tullow. Kosmos remains operator and now holds a 30.875% interest in the block. Anadarko has a 30.875% interest, Tullow has a 22.896% interest, and Sabre a 1.854% interest in the block. The E.O. Group, a Ghanaian oil and gas company, holds a 3.5% interest in the block. With a 10% participating interest in the project, GNPC will be carried through the exploration and development phases.
The West Cape Three Points Block comprises 1,761 sq km in water depths ranging from 50 to 1,800 meters. It is about 12 km from the Ghanaian coastline and 95 km southwest of the port city of Takoradi.
The Deepwater Tano Block is located west of and adjacent to the West Cape Three Points Block. It comprises 1,106 sq km in water depths ranging from 200 meters to 2,060 meters.
Click here for earlier report.