Thanks for the PM! I will you email after lunch.


Sneak

Maybe they thought you and only you deserved it!!


Sneak

Thanks for the update on the other board!!

I talk to an person of interest on Friday, the day after Thanksgiving at ERHE'S headquarters and he was very polite, upbeat and sincere about ERHE current position.

While he could not elaborate on future prospects for the company, he did say they are working with Deloitte and others to find a solution to the issues that have already been addressed in prior news releases.

Just more Facts.

Sneak

The first well drilled in Kenya by Cespa and partner ERHE was "Exploratory well".

Where did you hear that comment before!

"The well had significant oil shows in two charged reservoirs, one exceeding one hundred meters"

Where did you hear that comment from?

"The results are being reviewed"

Where did you hear that comment from?

The answer, Management!

Phase 3 will start when Cespa completes their review and conferences with ERHE and the Kenyan Government.

TamTam, hang in there, the 10-K comes out in late December and we should know a lot more than now.

ERHE long for over 18 years and holding, not folding!

Sneak

No, however they may have enough money to buy back some of the new shares.

We may have to wait until late December to see the 10-K.

It should have some good news and clarity to what may be going on behind the seens.

Just more Facts.

Sneak

All the talk of Erhe's Impending Demise has been Grossly Exaggerated!

Those that displayed such Overzealous Enthusiasm for ERHE Demize were simply expressing Irrational Exuberance of their own Opinion.

Middy and company are Dead Wrong about management, SNP, Cespa, Deloitte and ERHE.

Just more Facts.

Sneak

Back to Stealth Mode.


Shhhhhhh!

Sneak-attack

ERHE has paid Deloitte for the consulting work related to finding a solution for their End Game!

Deloitte has to find a buy for asset(s), find a partner or find a buyer. all of which should be on a commission basis.

All of ERHE'S assets are for sale in part or as a whole, regardless of how dormant or useless they may appear to be.

ERHE has maybe enough money to last until mid or late March 2017 in my opinion. Selling CD'S will not help unless the share price moves north in a hurry.

Just more facts as I see them. I could be wrong.

Waiting for 10-K to lift some fog.

Sneak

J, Why did former President Jonathan Goodluck approve a SNP request for oil concessions in his last 3 days in office for $3.5 billion dollars on future payments to the Nigerian Government as a result of SNP buying AXC?

This Tax concessions had the approval of the Nigerian congress and the Justice Department of the Nigerian Government with very little knowledge of the general public? HMMM, Hence the JDZ is Not Dead!

As for the Kenya well, There seems to be a Pause, ERHE releases information about what they found, but as most people would understand, without proven reserves and a means of this oil getting to a market place, it shows up perfectly in the share price that is not all helped by the recent CD dump.

I believe it was Apache oil that discovered about 20 billion barrels of oil in the West Texas shale formation and Yet the stock went down a few dollars most likely for the same reasons or as the saying goes, Buy on the rumor and sell on the news!

Deloitte is hard at work finding a suitable solution that will be beneficial to those that hired them and those that are still holding this stock play.

Just more Facts and followed with my opinion on Deloitte.

Have a great holiday weekend!!

Sneak

I have nothing to prove to you or anybody else when it concerns ERHE.

I and many others keep buying despite what you and your followers have to say.

Your "Personal Non Grata" is legendary on any subject matter you would like to discuss as it is All just your bias opinion and no more.

The JDZ, Chad, EEZ and Kenya are all in play and you shall see very, very soon my little, little mushroom.

Just more Facts.

Sneak

Erhe owes CESPA nothing. They paid their share as agreed to in their contract, but you knew that and continue to with your Propaganda Campaign.

If the well is considered commerical, ERHE gets a free ride going forward, but you knew this as well.

Just more Facts!!

Sneak

Not hard to prove as your observation at always wrong and highly opinionated to your personal beliefs.


Just more Facts about current events as you.!!

Mark Twain's quote is All You!!

Sneak

Laugh all you want. Erhe has paid Deloitte for their consulting work on finding the best path forward.

They now are looking for a Partner or an outright Buyer of the company.

Just more Facts.

Sneak

They are working on a commission basis to find a Partner or Buyer!

Just more Facts.

Sneak

Maybe in your minds eye, there is no silent Majority, but in Fact there is. They are not at all concerned about your lame observation about what you preach day in and day out about ERHE and there management team.

Deloitte is clearly in charge of ERHE'S destiny.

"It is not what you do not know that gets one in trouble. But it is what you thing you know for sure which ain't quite so that leads to your down fall"

Make Twain

Mark Twain quote has your name written all over it.

Just more Facts.

Sneak

That is your opinion. However the Silent Majority continues to add to their positions despite your and you followers.

Just more Facts!!

Sneak

They switched the $7 million balance to another credit card that gave them 12 month Interest Free on Balance Transfer.

As bizarre as that sound, so does your every comment about what ERHE may be doing.


Sneak

So, So, Wrong Again middy!!

Just the Facts bother the Propagandist.

Sneak

Dr. J, the new website left off some very interesting information.

When outlining the Kenya block 11A work program, they detail phase 1 and phase 3 but omitted phase 2 which detailed the drilling or 3-D work that took place between 2014 and 2016. Hmmmmmm!

WTF

Sneak

Seek, I do not blame the ERHE management as they hired Deloitte to:

1) Help raise capital.
2) Find a partner.
3) Sell a percentage of property holdings to raise capital.
4) Sell the company.

Which one do you think will be the end game?

I choose option #4 as they only have enough cash on hand to last until March, 2017.

The clock is ticking.

Just my opinion.

Sneak

Seek, so right you are!! The new Muslim President of Nigeria has cracked down on Government contracts that had more to do with political influence peddling than qualified companies winning bids based on experience and capitalization.

Do I hear a Sale coming soon!!

JMO
Sneak

Seek, I have noted your concerns about the convertible notes, however I do not think shareholders have much to worry about as the newly sold debt if true is for only $310,000.00 can could easily be paid back by the suitor should the conversion be 6 month out from the time of loan.

In any event, we will know more when the current notes get converted by mid December and the 10k filing come out.

JMO

Sneak

Oil reserves of the major oil companies re down about 60% and this could lead to consolidation in an effort to aquire hydrocarbon assets.

JMO

Sneak

Big Day for Big Oil Today!! G.E. looks to buy Baker Hughes. This buy signals a bottom in oil company valuation and oil is at a 70 year low when compared to inflation.

Yesterday's ERHE volume speaks volumes as well.

JMO

Sneak

Big Day for Big Oil Today!! G.E. looks to buy Baker Hughes. This buy signals a bottom in oil company valuation and oil is at a 70 year low when compared to inflation.

Yesterday's ERHE volume speaks volumes as well.

JMO

Sneak

Seek, your date is wrong. Was this last year or just a rumor.

Sneak

You know exactly what I said. Stop twisting the my words.


Sneak

Seek, I have not seen or heard of that.

Sneak

Communication will come from Cespa when the time is right.

Deloitte has not stolen a dime from shareholders as that is your opinion.

Read up on Deloitte and you will realize why they are involved with ERHE.

Sneak

Deloitte is in charge of erhe.

Sneak

After the holiday break he will be back to work and I will ask.

Have a Great weekend

Sneak

"They hardly the knew results" was specifically referring to the quantity and quality of the hydrocarbons found. But you knew that.

Most here including myself would view you as the Resident go to person when it comes to the world of "Oilfield drilling operations".

You should not act surprised when someone who has worked in the oilfields states his opinion as he was responding to some of the chatter posted on this board that I had asked him about.

Sneak

Dr John, I have an old man from Wyoming working for me who worked the oilfield most of his life. He tells me there is no way that a liner was installed on a Dry Hole as it would be a big waste of money as the liner is very expensive.

He also said the drill crew hardly ever knew the result of there drilling campaign because as soon as they were done they left for the next drill site.

Sneak

No argument from me on your opinion. The media likes to keep everyone guessing and pondering the possibilities. Stirring the pot!

I do not believe anything I read in the press as they all have an agenda in keeping people reading their propaganda to show readership to their supporters.

When ERHE or CESPA makes a statement, then I will believe in their version of results.

Sneak

The news report fromn oilnews kenya is a bunch of bullxxit!!

One does not installed a 7" liner or commonly known as a Production Pipe on a Dry Well!!

Sneak

All plausible, however, what part of this drilling operation generated the additional cost?

Did they drill deeper? The only explanation that that comes to mind is they put more materials, time and effort in trying to achieve thier goals in this well.

Did they install more production liner?

In any event, the fact that they are sitting on the info would indicate that this information must have some strategic valve going forward.

Until real news comes out, we can only wait.

Sneak

That second well is in phase 3. I doubt they can capitalize the expenses from the second well into the cost of the first well.

The minimum work required in phase 2 was $30 million in cost and to drill the well to a minimum depth of 3000 meters. Since no unusual events or mishaps occurred during the drilling process in phase 2, one can only theorize that they must have drilled deeper.

JMO

Sneak

Magic, for a second there, I thought I was reading about the Clinton Family Foundation Transactions.

JMO

Sneak

Total Fina should not be overlooked as Chad is one of their former colony state.

Total would fit well with SNP in their JDZ, KOS in their EEZ as well as Chad and they are in Kenya already.

JMO

Sneak

King, I understand how exploration cost are Capitalized, I just got ahead of myself in viewing the Capitalized expense as an asset.
I looked at it this way, If in fact it was a Dry Hole, it does not take all this time to evaluate a dry holes and the expense would have been written off. Hence I believe they found hydrocarbons and maybe they are evaluating how much they did find as only time will tell.

Sneak