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It would explain why this stock is tighter than a crab's arse in January! By the way I have heard those numbers since I started in this stock over 6 years ago from a very reliable source. Would not surprise me a bit. Sure wish they would get it out in the open so we can get this show opened!
I agree. The only reason they could be hiding the results are if they have hit a world class field and want to get all their ducks in a row before announcing.
Gomer is now the CEO of this company! SHAAAZAMMMMMM!
Thanks BB. Every interesting:
Anti-Takeover Provisions
Some provisions of our amended articles of incorporation and our bylaws may be deemed to have an anti-takeover effect and may delay, defer or prevent a tender offer or takeover attempt that a shareholder might deem to be in the shareholder’s best interest. The authorized but unissued shares of our common stock and preferred stock are available for future issuance without shareholder approval. These additional shares may be used for a variety of corporate purposes, such as for additional public offerings, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise. In addition, our board of directors is authorized to make, alter or repeal our bylaws without further shareholder approval.
I am getting saddle sores from riding this horse for so long!
How about one that shows herds of Elephants and ask him if they look familiar to him? LOL
maybe they meant fort-mid june?
I very much doubt "most" here would sell at a buck. Only you have threatened that. I have waited 6 years and am not selling for a buck!
That would be nice but remember it takes about 9 months to get the supplies (pipes etc) that would be needed to drill. Remember when Addax had to give up a rig because they were not ready to drill yet? At least that is what we were told then.
They only mentioned they found biogenic gas in two of the thirteen zones so apparently they went past the biogenic gas but they will not say if they found thermogenic or oil in the other zones. That is what I get out of what is said so far.
It is possible that could happen but remember the JDA might not take too kindly to that way of thinking. I think the Nigerians want to increase their production up to 25% and I bet they were counting on the JDZ to help that along. I see them stepping in soon if there is nothing announced after the Sept. STP EEZ circus is resolved.
I think if they announce Phase II then they will also announce their findings on the wells and declare them commercial. If that is the case then the sp would go up considerably! That is what we are waiting for. We need to see the word commercial in all blocks (preferably all blocks) or at least a big find in at least one of them. Game changes when that happens.
did you used to be Hydro? If so send me your phone number as when I changed phones yours was deleted along with quite a few others. Send it to stocks2rise@yahoo.com.
1 British pound sterlings = 1.4491 US dollar
I grew up by Carmel Valley, CA and I thought that was a beautiful place to live. I visited Austria in 1976 on a three day furlough and it was fantastic. One of my favorite places in the world.
How about a IMHO from you? Do you own any ERHE stock? Would you if you could? Do you think ERHC Energy's future is bright? Are you optimistic there will be oil found in the JDZ?
LOL!!!
at $4 million a year burn rate they probably play golf all around the world etc. Can't imagine what they could be doing with only 4 people on the payroll to burn thru that much money. Sure wish we could see their financial statement to show where the expenses are coming from.
It is interesting to note that the aluvial fan flows south and into our zones and Akpo is north of block 1 which would have biogenic gas first as it is more shallow and yet we have only biogenic gas which is supposed to be found in shallow waters and in the upper sands and Akpo has thermogenic gas and oil and our blocks don't? Bull apples.
I agree balance. I think they are still throwing up a smoke screen. Akpo is in a more shallow location and the gas there is not biogenic. Biogenic is supposedly in shallow locations but we are finding it across three blocks (over a very large area at that) in ultra-deep water and in a volcanic zone to boot. Does not seem possible. Plus in the previous pr they said they found biogenic on two of the 13 zones in block 2 (I believe). What was in the other zones? I believe they have also found thermogenic gas and oil in all the blocks but for some reason they are keeping that close to the vest.
Isn't there a refinery being planned for STP? I think the Saudi's were looking at doing that as part of the $5 Billion investment there.
I was in during the Vietnam era but not in Vietnam. I was in Germany as EOD inspector.
they have not been 200 miles out. The pirates can't afford the gas for a boat to go out that far and back!
I would be willing to bet the high dollar lawyers and the major percentage of the $4 million a year that is spent by ERHE. What else could 4 employees spend that much on?
If you go ahead and put in a million share buy order for $1 per share, you will make us all happy!
correction, the 50/50 is just on one prospect that was drilled, not the whole block. There are like 27 prospects in the three blocks. Much better odds.
Why are you here? If you have no intention of manipulating the stock then why do you even bother to post? That is what defies logic. If you own the stock you have to right to speak your piece. Since you admit you do not own the stock yet continue to post nothing but contrary diatribe then you must have an agenda.
nice find. I thought Biogenic was found in the upper zones and not the deeper zones.
Of course you don't get it. You are just here to bash. You will negate any positive things that are said. You say you don't own this stock yet continue to come here and bash it. I bet you are here to try to bash it back into the teens or lower so you can load up at the expense of others. You don't fool any of us.
Man you have gone off the deep end. The only mou's (non-binding) we have is the Emor field and WellTest. You are chasing ghosts and trying to scare potential new investors here. It is very obvious. You went into attack mode as soon as the sp started dropping. Looks like you are trying to get more shares in the teens. Not working yet. You talk like you hate the company so much so why are you staying in? Self explanatory.
where did you see that we are only looking for marginal fields in the Delta? To my recollection they are looking for properties all the way up to Russia etc. You are being misleading once again.
What would be the point of going to all the trouble of inviting, issuing a proxy, and announcing new BOD members and the promotion of PN to CEO if they are only going to sell the company? Do you think Blair would take just a short stint on the board without profiting from it? Why bother? I think they have every intention to go forward just as they have described (albiet cautiously in a Nigerian time way). They intend to be a holding company that finds deals, sells a percentage to an operator buddy and keep a percentage for themselves with a free carry.
why exactly are you here?
I hope she looks great in a thong bikini so she can show them off! IMHO of course. LOL
What exactly did you contribute? If badgering DK is your definition of contributing then you are doing a poor job. I am not defending DK by the way. You will note in some of my previous laments that I blasted DK. I used sound judgment in deducing he is doing what he is paid to do and that is to present to us what MGT wants us to know and nothing else. You choose to ignore that fact and continue to badger him until he will probably clam up and put you on ignore. Hmmmm, not a bad idea!
:) IMHO of course!
ah, but he also stated in the Dubai conference that we have 20% of a $2 Trillion possible field! No wonder Bovell said $10 per share. Welcome to the Nigerian Twilight Zone where time is stated in fort somethings and the truth is whatever you want to interpret it to be!
I do not think badgering DK will get you anywhere. He has said all he is authorized to say. Do you want him to really clam up and never tell us anything? Keep pushing and you will do just that. We are all upset over the lack of information but will have to bear it until they do release the information. Period.
He that is without hope is lost forever! To find Hope you must have faith in your ability to achieve success in your endeavors.
S2R
have to work today :(