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Amj... That is what i'm talking about. Thanks!
Strass... I disagree ...That is a very reputable site and they call it a NEW DISCOVERY.
Hmmmmm!!! Wonder what happened to this plan?
Total, Qatar to invest in West Africa projects
By: Reuters
Published: 25 Mar 10
Total SA and Qatar have agreed to invest jointly in production projects in West Africa, the French oil company's CEO Christophe de Margerie said on Thursday.
"We have decided to invest together in Africa," he said on the sidelines of a joint meeting. "This concerns production projects."
No financial details were immediately available.
"This is ... a partnership which consists to decide to invest together without specifying ahead which project in Africa," de Margerie said.
He added Qatar's move reflected its aim to diversify.
"Qatar decided to invest in foreign countries to diversify but also to boost their presence. There is a political aspect to this move," he said.
He said Qatar had picked Total as a partner "because we have a good relationship and we have proved that we were capable."
Eight percent of Total's production comes from Qatar, a company spokesman said.
All of you people who believe only gas was found are in for a suprise. my opinion.
ERHC Energy Inc.: Exploration and Operations Potential in the Gulf of Guinea, West Africa: EnerCom, Inc.'s Oil & Gas 360® Interviews Peter C. Ntephe, Chief Executive Officer of ERHC Energy Inc.
Nov 1, 2010 11:00:00 AM
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Email story | Discuss on ZenoBank | View more ads DENVER, Nov. 1, 2010 /PRNewswire/ -- EnerCom, Inc. today announced Mr. Peter C. Ntephe, chief executive officer of ERHC Energy Inc. (OTC Bulletin Board: ERHE), was interviewed by EnerCom's Oil & Gas 360® (www.oilandgas360.com). Mr. Ntephe discusses the company's exploration strategy in West Africa and identifies its asset development in the Gulf of Guinea. The interview transcript is posted on www.oilandgas360.com/media.htm and is now available to download.
About ERHC Energy Inc.
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
About Oil & Gas 360®
Oil & Gas 360® is a one-stop source of news, information and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things oil and gas: people, technologies, transactions, trends, macro-economic analysis that impacts commodity prices, views and interviews, profiles and Catalyst™ reports. Our goal with Oil & Gas 360® is to be a trusted source of information and analysis for portfolio managers, equity research analysts, private equity capital providers, private investors, oil and gas executives and professionals, and government officials involved in the oil and gas industry.
About EnerCom
Founded in 1994, EnerCom, Inc. is a nationally recognized investor communications consultancy firm advising and serving energy-centric clients on corporate strategy, investor relations targeting, media and corporate communications, and visual communications design. The Company's professionals have more than 150 years of industry and business experience and a proven track record of success. EnerCom, Inc. uses the team approach for delivering its wide range of services to public and private companies large and small, operating in the global exploration and production, drilling, Oilservice, and associated advanced-technology industries. The Company annually hosts three oil and gas investment conferences:
-The Oil & Services Conference™ IX – San Francisco, California – February 22 – 24, 2011
www.theoilandservicesconference.com
-EnerCom's London Oil & Gas Conference™ 3 – London, England – June 16, 2011
http://www.enercomlogc.com/
-The Oil & Gas Conference® 16 – Denver, Colorado – August 14 – 18, 2011
www.theoilandgasconference.com
You can now follow EnerCom, Inc. on Twitter at www.twitter.com/enercominc.
For more information about EnerCom and its services, please call: Brian Brooks, at +303-296-8834 or visit www.enercominc.com.
SOURCE EnerCom, Inc.
BB....my thoughts and prayers are with and for you and your family.
Mz.....My first and last post to you.....Are you Now willing and able to man up and do the right thing?
ponzi....You ought to be an expert at sifting BS, since you are very adapt at producing the same. My opinion.
King....The interview is the same old same old from PN. But checkout this link: http://www.enercominc.com/beliefs.html
This is one of the best at representing energy companies, and is good news. My opinion.
CNOOC beats Exxon bid for African oil Source: Global Times [01:43 October 28 2010] Comments By Li Woke
China National Offshore Oil Corporation Ltd (CNOOC Ltd) and Ghana National Petroleum Corp together outbid Exxon Mobil for oil assets in the west African nation of Ghana, reports said Wednesday.
The $5 billion offer topped the over $4 billion offer from Exxon Mobil for Kosmos Energy LLC assets - which include a 23.49 percent stake in the Jubilee oil field. Located some 12 km from the Ghanaian coastline, Jubilee oil field holds an estimated 1.8 billion barrels of crude. The deal has attracted global oil giants including Total, BP, Sinopec, Chevron and Sweden Petroleum Group.
Calls to CNOOC Ltd went unanswered Wednesday.
Dallas, Texas-based Kosmos' owns a 23.5 percent stake in Ghana's Jubilee field, and state-owned Ghana National Petroleum holds 13.8 percent.
"The recent series of overseas transactions for oil and gas reflects China's eagerness to obtain new energy (sources) to meet the country's surging economic demand," said Lin Boqiang, director, China Center for Energy Economics Research at Xiamen University.
Just two weeks ago, China National Offshore Oil Corp, parent of CNOOC Ltd, announced it would spend $1.08 billion in cash to acquire 33.3 percent of shale oil and gas projects in Texas.
http://business.globaltimes.cn/industries/2010-10/586784.html
06.... interesting.... "a tremendous amount of work carried out to update volumetrics of the resources"
vol·u·met·ric adj \?väl-yu?-'me-trik\
Definition of VOLUMETRIC
: of, relating to, or involving the measurement of volume
Definition of RESOURCE: a natural source of wealth or revenue.
Maybe they are telling us something important.
Second request... Does anyone have access to this report, and would they share it with the board?
AFRICA - 10/27/2010
Total Moves Beyond its Stamping Grounds
Ten years after buying out Elf, Total has finally left its stamping grounds in the Arab world to concentrate on Africa, like its erstwhile rival. Since 2008, the biggest share of the French major’s production has been coming from Africa and the company is determined to build up its operations there. (...) [702 words] [$9.5]
http://www.africaintelligence.com/
When there is a deal to sell. It will be handled in an above board and totally legal manner. Why?? Because it has to be handled that way or else. The attorneys know this and will do it the right way. The buyer will insist on it also. My opinion.
furax....I saw that report earlier. It shows a complete lack of knowledge of ERHE. Amazing what trash can be found on the internet.
Bingo...You identified something of importance. Your letter is being ignored but ,the minority shareholders are not being ignored as you stated.
The attorneys are on it. My opinion.
Shugs.....Well the junior Wall Street Wizzard can not BELIEVE there are two people in the whole world that would disagree with him. Why else would he think you and i are the same person? Do you want to tell him? LOL!
To all.....Please remember this post..By the junior Wall Street Wizard.
"if things were so great and a deal was about to be done, we would NOT be at .22."
shugs.....The light and the truth might be one and the same. But he is just young and full of himself. Maybe some day he will know the truth, but don't hold your breath as that day will be years after the dots make sense to everyone here. My opinion.
"He still has the First Alantic 8% to try and reclaim"
He can not reclaim. He can only try to buy them back. They were paid to the bank to pay off his loan. The bank owned them. The bank went bust. Who knows who controls tha shares now?
It was the Crome Enrgy shares that he has been trying to reclaim from a different bank.
Rodman & Renshaw handles ERHC Energy USD2m stock placement
Posted on: Fri, 08 Oct 2010 02:44:12 EDT
Symbols: ERHE,
Oct 08, 2010 (M2 EQUITYBITES via COMTEX) -- 8 October 2010 - Rodman & Renshaw LLC, part of Rodman & Renshaw Capital Group (NASDAQ: RODM | PowerRating), served as the exclusive placement agent for ERHC Energy Inc's (OTCBB: ERHE | PowerRating) USD2m (EUR1.4m) stock sale, the Houston-based oil and gas firm said on Thursday.
The company has agreed to issue to an institutional investor 9,090,910 common shares at USD0.22 per share. In addition, ERHC Energy will issue warrants, entitling the investor to buy shares of the company, which would result in extra gross proceeds of USD1.9m, if the warrants are fully used. The five-year warrants have an exercise price of USD0.28 per share.
ERHC Energy will use the money from the offering, which is part of an existing shelf registration, for general corporate purposes, including potential acquisitions.
The transaction is expected to close around 12 October.
One investor....Hmmm!!... Mid .. Have you figured out the real reason yet???
AFRICA - 10/27/2010
Total Moves Beyond its Stamping Grounds
Ten years after buying out Elf, Total has finally left its stamping grounds in the Arab world to concentrate on Africa, like its erstwhile rival. Since 2008, the biggest share of the French major’s production has been coming from Africa and the company is determined to build up its operations there. (...) [691 words] [$9.5]
Anyone want to spring for this repor????
http://www.africaintelligence.com/AEM/spotlight/2010/10/27/total-moves-beyond-its-stamping-grounds%2C85930026-EVE-login
kownski....Thanks.. Is that another seperate fault south of Oki East that runs up into block 3.
kownski.....I think it was in one of ERHC's PR's .
Maybe BB can answer.
Please check out this link and look at the page 1 Map. Does it change your comments on Oki East?
http://www.nigeriasaotomejda.com/pdfs/PGS%20Data%20Tom%20Ziegler2.pdf
Total to Purchase 60% Interest in Ivory Coast License
Total S.A.|Friday, October 22, 2010
Total announced the signature of an agreement with Yam's Petroleum to acquire a 60% interest in the CI-100 license. Through this agreement, Total becomes the project operator. Yam's Petroleum retains a 25% interest and Côte d'Ivoire's national oil company Petroci holds the remaining 15%. The transaction has been approved by the Côte d'Ivoire authorities.
Covering an area of nearly 2,000 square kilometers, the CI-100 block is located about 100 kilometers south-east of Abidjan in water depths ranging from 1,500 to 3,100 meters. An initial 3D seismic survey has already been carried out by Yam's Petroleum. Exploration work will include a new 1,000 square-kilometer 3D seismic survey, which will complete coverage of the block, and a first drilling, in 2012 at the latest.
"We are very pleased about this agreement with Yam's, which enables us to conduct exploration operations in Côte d'Ivoire's deep offshore," said Marc Blaizot, Senior Vice President, Geosciences at Total Exploration & Production. "This is a promising area whose geological objectives are similar to that of major discoveries that have been made in the neighboring blocks in Ghana. Total has expertise in deepwater development in Angola, Nigeria and the Republic of the Congo, and we are delighted to strengthen our portfolio of assets in the Gulf of Guinea."
http://www.rigzone.com/news/article.asp?a_id=100473&hmpn=1
knowski....Was Oki East one of these folds or was it south of there? Thanks.
T. Boone just gave some important advice on TV. He said "i have seen many people fail when they thought they could NOT be wrong ,but they were."
China’s LNG Imports May Quadruple by 2015, LNG Shipbuilder Says
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By Bloomberg News
Oct. 22 (Bloomberg) -- China may more than quadruple imports of liquefied natural gas in the six years through 2015 because of increased consumption of the cleaner-burning fuel, said an official from the nation’s only builder of LNG vessels.
Imports may rise to 25 million metric tons a year as the nation’s energy demand is climbing, Shen Ning, vice director of business and marketing at Hudong-Zhonghua Shipbuilding (Group) Co., said in an interview in Shanghai yesterday. Hudong-Zhonghua Shipbuilding has built all of the nation’s LNG tankers.
China’s LNG imports surged 66 percent to 5.5 million tons last year from a year earlier. The world’s biggest polluting nation wants to triple the use of gas to about 10 percent of energy consumption by 2020.
The shipbuilding company, a unit of China State Shipbuilding Corp., has delivered five LNG vessels to transport the fuel to domestic terminals and is building another 145,000 cubic-meter LNG tanker, Shen said.
The company is developing its third shipyard on Changxing Island in Shanghai, which will more than double its LNG vessel building capacity from three vessels a year currently, he said. The facility will be completed in 2012, he said.
--Winnie Zhu. Editors: Jane Lee, Ryan Woo.
To contact the Bloomberg staff on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net
To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net
Last Updated: October 22, 2010 03:50 EDT
There is another reason. Called the real reason. I'll tell you about it someday. Promise.
BB......There is never going to be a shortage of fools, but the worst are educated fools who CANNOT connect clues [ DOTS ] in a logical thoughtful manner. It is not how many degrees one has, but the ability to think logically which comes from DNA. Some have it, some don't. Some of those who don't, should claim to have a PHD from MSU online school. It may just be who one knows is more important than what one knows.
We have our opinions based on good thoughtful research, knowledge of business and human nature. We have a right to express those opinions on this board, and thoughtful people will recognize that right and may even consider it.
For the record, i have always quickly admitted my mistakes and intend to always do so. I have noticed there are several here and in society who never make a mistake. It must be a wonderful thing to always be right. After all, some seem to think being right is all life is about.
So much for my rant.
My opinion ERHE will be bought out for the discounted present value of the assets. Also my opinion is those assets are worth more and it will happen sooner than most realize.
strass.....I do not think he is very wealthy. I think he needs to monitize this investment so that he can become very,very wealthy by using his connections in Nigeria to pick up some very valuable assets. According to doubleaa's posts he has been laying the groundwork to do that very thing. My opinion.
kobiashi.....There are lots of clues and facts beside boiler plate for those who will spend the time to see that point to something other than the the company line. I stick by my story of the stock sale being at such a stupidly low price as being something Offor had planned.
Does any one who knows ERHC's history really think Offor bought it to build it into an operating E and P company? Offor ran off the only CEO who was could have accomplished that, and he has kept DK as the "mouth of the company" when there were PR/IR people available who could have been very helpful in building an oil company.
If he did not buy the company to build it, why do you suppose he bought it?
kingpin.....Wow... I stand corrected. Thanks.
stocks.....The recent stock deal is so stupidly bad on timing it must be for some purpose other than stated by DK {ie raising a whopping $1.8 million.} Offor has been so dead set against dilution for the last 2-3 years, to have it now must be to advance his plans. People can call it boiler plate, but i have read hundereds of propsectus over the years and i have never seen anything just like the paragraph on fundmental transactions.
farrell...Very interesting map, thanks. Looks like they shot seismic on all the 9 blocks in the JDZ.
condor.....YES, and found him to be much worse on the phone than he is in emails. Very liberal and disagreeable.
Julius...... Have you ever ask yourself Why DK is almost always commenting in a fashon that will be taken as a negative by most everyone who reads the message board? And he has been caught in mistakes and untruthful statements many times? The real answers to these and other questions concerning management actions take some real thought and DD to understand. Hint see doubleaa post from today last sentence and try to understand the ramifications of this simple statement.
Julius.....From your DK post.
"If you have a $175 million market cap and you raise $50 million in new funds, you would (should) have a $225 million market cap afterward."
Two questions: A] Why do you continue to post the TOTALLY bs spins from DK? B] Will you ask DK in his darkroom with the other mushrooms if he is aware that the 2+% dilution from last week caused the market cap to go down by over 20%?
knowski....Can you help with this.
http://www.pgs.com/upload/241750/saotome_eez_a3ds_0410_std.pdf
• Distal toe-thrusts of the Niger Delta and more distal lower relief anticlines/swells. This play
fairway, with several recent proven successes at Agbami, Nnwa and Akpo, can be clearly
demonstrated to extend into the JDZ and STP waters. This structural style is illustrated on newly
acquired 3D in the JDZ.
• South of the toe thrust trend, drape anticlines over fracture zones occur. A number of large
fracture zones are observed trending SW - NE, causing structuring of the overlying sediments.
Stratigraphic traps in detached sand bodies are also demonstrated on the 2D seismic, where
channels fed from the Niger delta supply reservoir to the less structured region beyond.
Krom.....I'm joining magic on not responding further. You are hopeless. You really do not understand. BTW Mid was also correct in theory on his post to you.