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Seek, I wonder if those are SEO shares? SEO, ERHE management team and the general public held about 788 million shares before the CN were sold. So If SEO did collect 13 million shares for Chromes $250K that you are talking about, he may control 38% of the 42 million shares.
Just trying to run down the owners of the new shares.
Sneak
Seek not to Labor the point, but the first quarter filing, 10-Q covered the period of October 1 2015 to December 31 2015. The Official share count was 30,906,314 on January 31 2016.
Are you saying the ERHE sold about 11 million shares in March of 2016 @ about .03 a share or roughly $330,000.00? and if so what was this money used for?
Please advise
Sneak
Seek where did you see the 42 million plus outstanding share count in the current 10k filing? As of January 2016 that number was considerably less.
Sneak
It would seem that the resident "know it alls" are in firm control of their own pompous thought process that they surely can not see the truth from alternate view points that offer valuable sight into this company and what might be taken place going forward from past and future information that come fourth.
This entire stock play has been embroiled in the political will of those behind the scenes. The Nigerian overlords or power brokers will not be unsold no matter what you may think.
Sneak
They never drilled into the Basement of block 1. They drilled the same depth as CVX, but the ERHE targets were all Down Slope of CVX.
The last days of Goodluck administration may shine some light on this Fact.
JMO
Sneak
I believe the stock hit .25 late last month.
Sneak
Tam - When did block 11AA arrive on the Kenya map? Did come from 11A?
Sneak
They will only sell when SEO agrees to the price. The SEC prohibits any insider from buying stock and then selling or accepting a buyout or buy-in within 6 month after the last buy. Having said that, no one knows for sure what Chrome got for it's 250K and if they got Convertible Notes that may also preclude Chrome.
JMO
No Deal until after the first of the year.
Sneak
I believe that Seek the Light had posted that those wells may contain 200 Mbls and could hold as much as 800 Mbls.
I can not be sure, maybe Seek could Chime In?
Sneak
I belive it was Exxon that drilled the two wells in the Chad block that discovered 65 and 45 mbls. Those wells were to small for them.
Sneak
No deal until after the first of the year! Pending Commercial Hydrocarbons. 66 million barrels is hardly Commercial. ERHE has two wells in Chad with a total of 110 million barrels and the JDZ has Hydrocarbons in gas and oil, volume and value? These hydrocarbon are a long way from getting to the market anytime soon. If Kenya finally agrees to building a piping line to block 11A, then a small find of 66 million barrels will have some value for ERHE. If the find is a monster load, well that is a different story. Until confirmed results, ERHE trade were she is currently.
JMO
Sneak
"Worried about capital gains"? Those are your words, not mine. What I am saying is Any deal to buy ERHE will not take place until after Commercial hydrocarbonso are found and quantified by Cespa.
After all these years, Pete and friends will not close on any deal units 12 month pass from their last buy.
JMO
Sneak
Anything is possible, but I still say, find enough oil and somebody is sure to Pony up enough money to make SEO and Company very happy as well as some longs.
JMO
Sneak
This company will not be sold before 12-31-2016. Pete nad company do not want to pay short term capital gains and neither do any shareholders who bought under a year.
Even if oil is found (22 mbls), ERHE will likely remain unchanged in share price as they have 110 mblso in Chad proven by ExxonMobil in the mid 1980'S and that has done nothing for the value of ERHE. If the hydrocarbon are not going to market, they have no value on the balance sheet.
JMO
Sneak
It is about time. I always said to many participants and JDZ fees were not economical for even the big boys to absorb.
JMO
Sneak
OC, I would have to say that the ERHE's Management Team has their collective "POKER FACE" on and are also awaiting for the same Oil find you speak of.
The lack of any relevant information from ERHE's management about the wells progress is "Bliss" in my opinion as it denies any and all attempts by the "Kennel Club" the ability to construct Nefarious Postulation about what should be or could be!
JMO
Sneak
Shhhhhhhhhhhhh!!
Sneak
Seek, I seen that article a few days ago. I did not pay for the article. However, I always believed that from the beginning, there were to many participants and the agreement was to costly if oil prices took a dive.
Maybe now the powers that be will put in place an agreement suitable for both sides now that most of the smaller participants have left.
A very nice workable deal would be Great for ERHE going forward should they decided to sell the entire company.
JMO
Sneak
Amen Brother!! I Second your Kind and Thoughtful Statement.
I wish the President was as caring and thoughtful.
Thanks Tam!!
Sneak
I do know for sure. They may keep all relative information close in hand. I think we may here about drilling from Cespa or the Kenya Government first. In the past "Lose Lips - Sink Ship"
To many abroad and In the States want to see The ERHE ship slip below the waves, to put it mildly.
Sneak
That is pure alcohol abuse, sacrilegious if you ask me. Only Low End Whisky or Bourbon get a mixer!
What a Total Shame!!!!!
Sneak
I just happen to have one, 15 years aged, then bottled. Waiting on ERHE to strike Oil to pop the top on it.
Sneak
Tullow used the PN Play Book on Stockholders Info Release. LOL
Sneak
OC: Some here are nothing more than "City Boy"
Just Having Some Fun!!
Sneak
Side, I feel your anxiety! I have been in ERHE since ERHE reappeared from bankruptcy with SEO at the Helm.
All us longs have been sitting on the same bench waiting for ERHE to get in the Game.
Hang In There Friend!
This stock play will either explode on the launch pad with a dry hole or Roar into the Sky to an Astrological Orbit with Proven Hydrocarbons.
Just My Opinion
Sneak
SHHHH! Let us not rock the Boat again. ERHE has a lot of Enemies in the U.S. Political Establishment, Big Oil, Certain board members, Penny Stock Pump and Dump Con Artist and Countless others.
Steady as She Goes is how I would Classify it, as everytime ERHE had something in the works going for it, Well, It got Torpedoed by some Nefarious group looking to Capitalize on ERHE misfortune.
Drilling is around the corner and Result are 6 weeks to 8 week out.
JMO
Sneak
Strat, The Results of the Drilling will be the Key that Unlocks the Value of this company going forward and nothing else will matter if the well(s) are Economical!!
I believe the shell company is just the beginnings of Plan "B" should the results of drilling be less than stellar.
JMO
Sneak
Dr, J, The tax lien is jut that, a tax lien. In another words, just like an indictment of wrong doing from the state or federal government in the rejection of certain tax deductions or expenses.
ERHE can file an appeal. I any event this event must work it self out through a negotiated settlement as they always do.
As for the price spiking and returning to the days low, I view that as someone who bought low is willing to sell some shares at .25 in order to try and recover some cost at this point in the game that is being caused by the relentless negativity and I believe nothing Nefarious is going on.
Everybody Knows Nothing, Just Insightful Optimism from the Longs and Ambiguous Negativity from the Detractors.
The Truth always resides somewhere between the Overly Optimistic and the Endless Negativity of Gloom and Doom.
JMO
Sneak
Tryoty, energy.iDeals.net looks like a bogus Russian disinformation site run by Timur Gataullin as there is no source of his information listed.
JMO
Sneak
The negative ambiguity coming from the detractors is unbelievable. Once the drill bit hits the ground, they maybe speechless.
JMO
Sneak
She continues to hold the current altitude despite the no stop barrage of negative attack.
Go ERHE
Sneak
O.C. Shhhhhhh!!! Let the blind lead the blind and deaf.
You are so right! This Rocket has a very short fuse! Drilling may spark start the fuse.
Sneak
I do not believe that the ERHE board is buying stock on the open market to prop up the stock price. It looks to me like someone want a few more shares to round their total share count. Look what Germlin posted.
Boy oh boy people are gun shy and peridnoid.
Just sit back and wait for drilling.
JMO
Sneak
Looks like they are running out of cheap shares!
Let this Puppy Run!!
Sneak
ERHE is looking like Trump!! The more they attack, The more it goes Up!! LOL
Sneak
.25, something is Cooking!
JMO
Sneak
We run against the will of a strong current of the illuminati. The Congressional punks who pimp for the will of the New World Order for big company who's lobbiest purse a Gobal agenda at the expense of the working class of investor for the enrichment of the ruling class of people.
Just my opinion
Sneak
Sorry for the Father Finger Plunder. LOL
.00027 is more like it.
Thanks Seek
Sneak