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Degen,
If oil was found...
Your wife never has been happy with you investment strategy as you told us long ago.
Maybe you should have listened to her?
Just write it all of, regardless how much, and hope for some action behind the scene.
I do believe that if all options were gone they would have filed for bankruptcy. Agree? Or do you expect some conspiracy-theory that they haven't filed?
The Doc.
Sanctions and oil prices
http://www.oil-price.net/en/articles/sanctions-and-oil-prices.php
Conclusion
Global economic growth is rising at a healthy pace, while demand is accelerating, so don't be surprised to see consistently high oil prices. Apart from geopolitical tensions, sanctions can spearhead a rise in oil prices. Left to Shale, we may see healthy oil prices. Leave it to President Trump with his sanctions and face the shock of higher oil prices.
The Doc
And an active email address is to expensive?
Strange...
I think it is possible that SEO himself took over the job, no money for paying Peter anymore.
So, what we talked about years ago, it has become a holding company? Otherwise the fat lady would have song by now I think.
Anybody, try to mail Peter, it won't work anymore.
What was his email address:
p.ntephe@erhc.com ?
p.ntephe@erhe.com ?
Haha, funny.
Midtier,
I only start to worry, the moment you and SSC leave this board.
Lol.
Why do anything else?
Krom, you've answered this one in 14057
But I'm not sure if that is correct what you claim...
Krom...
Maybe ERHC partnered with Tullow...and CEPSA gets a bigger piece of the two black blobs...if Tullow strikes oil.
Krom,
That said, I think the reason that SEO might not have acquired more than 40% of the company has to do with the concern that his actions to buy more shares in the company would result in a higher share price...taking away the advantage that ERHC has of potentially escaping regulatory oversight as a $.0002 stock.
Exploration:
As we continue to retain a keen focus on the financial discipline that has served us so well, we are now also looking to grow the value of our business both through exploration, following a full re-set of the portfolio, and through other opportunities that the recovery in the sector will present.”
Go tullow, Go ERHC, TEAM UP NOW. :)
https://www.tullowoil.com/media/press-releases/2017-full-year-results
A bit fast?
New York-listed Kosmos Energy, which is active in other parts of West and Central Africa, acquired licenses to blocks 5, 6, 11 and 12 in 2015 and 2016. The national oil agency said it expected the firm to begin drilling in 2019 based on seismic results.
Did I miss that link?
How does it work that ERHC is still alive?
Can anybody shed some light on this one? Or did they really go into hibernation mode, to save cost, turning into some sort of 'holding company'?
http://www.bbc.com/earth/story/20160926-the-creatures-that-can-survive-without-water-for-years
The Doc.
Tullow Swings Into Profit As Focus Shifts To Kenya
https://www.rigzone.com/news/wire/tullow_swings_into_profit_as_focus_shifts_to_kenya-07-feb-2018-153438-article?rss=true&yptr=yahoo
"Tullow is in a much better position now than a year ago. We also think that the return of the growth function in the group is sensible and controlled," Davy Research analysts said in a note.
Tullow's net debt fell 27 percent to $3.5 billion as higher revenue allowed the company to end 2017 with $543 million of free cash flow. McDade said oil prices in the high $60s would create an opportunity for Tullow to grow its free cash flow.
Also...
https://www.bloomberg.com/news/articles/2018-02-08/kenya-halves-share-of-oil-income-for-communities-in-proposed-law?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
More going on here than some bitcoin fantasy.
http://otcshortreport.com/index.php?index=erhe&action=view
Nice Xmas tree in the chart.
Kenya’s oil export plan pushed to 2018
https://www.standardmedia.co.ke/business/article/2001259689/kenya-s-oil-export-plan-pushed-to-2018
P.s.
Krom, Buddy,
I asked you WHEN we discussed investing in the bitcoin... still no answer.
Also you are vague about what you did, you claim now that you invested a little bit, but I don't believe that, otherwise you would have known WHEN we discussed the bitcoin.
I think you did not invest a penny, just like me.
Oil Outlook:
"However, Shell’s most recent energy scenarios report sees oil’s share of the energy mix remaining steady until at least 2030 before declining to around half by 2060. In an alternative scenario, oil’s share stays steady until 2060."
http://www.tullowoil.com/Media/docs/default-source/3_investors/pmcd-aow-speech.pdf?sfvrsn=2
P.s.
Krom, AGAIN: why don't you answer me regarding when we two talked about investing in de bitcoin? Did you forget when it was, like me? Or are you so extremely upset that you did not invest, like me, a few thousand in that coin?
So, again: let me know please. In my recollection it was somewhere in 2011?
The Doc.
Oil up, Tullow up:
http://www.oil-price.net/
https://finance.yahoo.com/quote/TLW.L?ltr=1
Now let's hope interest in 11A's both reservoirs and other blocks will fire up again.
Tullow:
https://finance.yahoo.com/news/tullows-wildcat-exploration-fails-strike-073408223.html
I also noticed that the Bitcoin is getting more news and news (in the Netherlands at least), are we nearing it's drop back to zero?
Man, why did I not buy for a few thousand bucks back in 2010. I would have long forgotten about ERHC and little Peter.
Well, waiting for news...
https://www.erhc.com/news/
When is the rabbit going to pop out of the hat?
Krom, which year/month did we talk about investing in the bitcoin again?
The Doc
Parker,
my comments: it appears ERHC falsely claimed the results were encouraging while the operator indicates a dry well, another misleading statement by ERHC and grounds for a shareholder lawsuit (which even if successful would not result in ANY money for shareholders (as ERCH is broke)
That is unless the other well will be drilled, by CEPSA or another party... and oil is found. Then you CAN sue ERHC for some serious money.
Wouldn't that be great.
Remember, we've had the discussion here regarding the question whether you can deduct serious conclusions about the immensely large basins... based on only one drill.
Look at the dimensions of the block (almost 3 million square acres) and both basins... 13 drillable prospects and leads in the Tarach basin alone... and then we have the Anam basin.
The Tarach-1 prospect's mean estimate of oil prospective unrisked resources is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels. ERHC holds a 35 percent interest in Block 11A.
So maybe something unexpected will happen. We can only hope for it.
And then we have the EEZ, who knows what will happen there. We'll see.
Too bad I did not invest in the bitcoin a few years back. I remember I discussed it with Krombacher back then.
The bitcoin started in the summer of 2010 at 6 cents, now $4891,- as we speak... this hurts, because I seriously considered investing a few thousand in it.
A pitiful $1000,- back then would have made me 81.5 million dollars right now.
Ouch, ouch, ouch, ouch.
The Doc.
Oil prices outlook:
http://www.reuters.com/article/us-commodities-summit-vitol/u-s-oil-output-may-be-set-for-last-spike-in-2018-vitol-idUSKBN1CF1MZ?rpc=401&
http://oilprice.com/Energy/Oil-Prices/Worlds-No1-Oil-Trader-US-To-See-Final-Oil-Output-Spike-In-2018.html
"The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol."
Vitol is anticipating an increase in US crude production of 0.5 to 0.6 million bpd in 2018, at which point the increase in production would cause cost inflation, rendering at least some of today’s current production projects unprofitable. And according to Vitol, some are barely profitable as it is.
“If you look at the economics on most of the big Permian players, not many of them make a lot of money,” Taylor said, speaking to Reuters.
Do you still have that link by any change?
If reserves are on the balance sheet, any (min-max) share price prediction?
The Doc.
Sneak,
Where did that AIM listing rumour come from? I missed that, sorry.
The Doc.
And Krom's link is very recent, from september, so looks promising?
But doesn't this have to be disclosed in a proper manor?
In this link from a year ago he is already called a 'manager' of ERHC...
http://logbaby.com/encyclopedia/sir-emeka-offor--chrome-group-_16790.html#.WdOgi-RrxoU
But CEO is pretty clear one would say, and the website seems more professional than my link.
INTRODUCTION
Sir Emeka Offor is a Nigerian Businessman and the Manager of Chrome Group and Environmental Remediation Holding Corp (ERHC Energy Inc.). He is also the chairman board of directors EEDC.
Indeed, CEPSA has been quiet since. I find it hard to believe that such a big entity with almost unlimited funds, that declared exploration as a key target, will abandon the whole big block...
They planned to invest 10 to 15 billion in exploration, if I remember correctly? A lot of drillable prospects are present in TWO basins... still.
We'll find out.
Thank finance for sharp oil price decline
http://www.oil-price.net/en/articles/thank-finance-for-oil-price-decline.php
Dry well news within the month... remember ERHC took some more time to 'disclose' this...
http://www.oilnewskenya.com/tullow-oil-hits-dry-well-kenyas-block-13t-etiir-well/
Yes,
And some of the loved ones here said it did not mean anything (the word 'contractor'), remember. Well, it seems it does mean something if the site is right.
Wouldn't it be fantastic if we, after all, wil not lose all of our moneys... let's see how this unfolds.
And I think we will also here about 11A again sooner or later...
Maybe we're not dead yet.
Aside from the above:
A. ERHC is currently engaging with Starcrest towards the terms of a possible transaction between the two companies.
B. In addition, ERHC is part of several consortia bidding for producing interests in West Africa with backing from financing partners.
C. Newstar Oil and Gas, Inc, a wholly owned subsidiary of ERHC, has also been set up to acquire producing assets domestically.
Tullow strikes more oil in latest Turkana find
The firm has also concluded a rights issue and raised $750 million (Sh75 billion). Part of the proceeds are expected to be invested in Kenya to undertake further exploratory drilling as well as prepare for the commercial oil production.
https://www.standardmedia.co.ke/business/article/2001237778/tullow-strikes-more-oil-in-latest-turkana-find
Tullow saving my ERHC azz?
http://www.businessdailyafrica.com/news/Kenya-first-crude-oil-pipeline/539546-3905306-10al0sd/
Did you notice that part in the shareholder update about the JDA assigning a new contractor to Block 2...is that another way of saying we might have an operator coming online there? Similar developments possible in the other blocks. The last time we had an incredible run up to JDA drilling...before we discovered no commercial oil in the five drillings.
Seek,
Market Cap staying around $150,000 which is less than than the cost of two BOP and much less than the cost of a good used D9 Cat as a couple of examples of relative value. Another way to look at is Management has sold 95% of the company for about $150,000 cash. Why is the question? was it to accomplish the transfer of majority to unknown buyers for a pittance?