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VTSI up another 30% so far today. Profitable and outstanding customer list.
Magic
Red, the DP does not have two derricks. I've read that is has been upgraded to a "dual drilling system", but I do not understand what exactly that means.
Magic
Anyone, how many MMs with a quote on AKYI now? A Level II screenshot would be handy.
TIA, Magic
Tried all morning to buy below .095 with no luck. Bit the bullet and paid .099 . Looks like it was a good decision.
Magic
Bought VTSI today. Anyone else looked at it?
Magic
Anyone see the full artical on the SSA planning to set up an electronic medical records program for their employees? Would seem like a great opportunity for MMR.
Magic
tb, you are entitled to your opinion, but most here, including me, agree with what Gordon is doing and admire and appreciate him for doing so.
Magic
There are no options available for ERHC or any other OTC stocks. Wish there were tho.
Magic
I believe the intervenors can appeal.
Magic
Thanks lbm, and also sideeki. I am looking for places to put some of my ERHC profits AFTER we strike big oil, so not really off topic. Gotta hedge against hyperinflation and the possibility of anarchy.
Magic
Disruptive Change Predicted for Health IT Market
By: Roy Mark
2009-09-11
Article Rating: / 0
While the Obama administration's drive to dramatically increase health IT spending portends a financial bonanza for vendors, the boom will not come without risks.
The U.S. health IT market is set for disruptive change, predicts a new report by INPUT. The key drivers of the change will occur as the American Recovery and Reinvestment Act and national health care legislation increase the need for innovative health care technology that also reduces costs. Compounding the change will be the addition of the baby boomers to the swelling ranks of Medicare and Medicaid recipients.
"As the federal government begins analyzing the data collected through EHR [electronic health records] systems, a wide array of new health care IT market opportunities will emerge for vendors," Tim Dowd, INPUT's CEO, said in a statement. "This includes companies supplying health information systems, decision support automation, data warehousing, data mining tools and middleware to connect EHRs to regional information exchange organizations and other internal systems."
According to INPUT, the federal budget combined with the deficit will drive growth opportunities in the health care IT market as technology offers the potential to cut health care costs. The stimulus package is also setting the groundwork for the next stages of IT investment by making $2 billion available to the Office of the National Coordinator of Health IT. In addition, INPUT predicts the Obama administration's push for greater adoption of EHR systems will open up adjacent IT market opportunities.
Disruptive change, though, also brings risk, among them possible public and provider backlash over the costs of buying and maintaining systems and training staff to manage and oversee a new federal health care program; the additional work needed to ensure security and privacy of data, since it will be transferred among different providers; and building IT systems that track health outcomes to satisfy the federal government’s desired method of compensating providers.
"The Obama administration's efforts to forge ahead with an aggressive health care IT improvement plan are not without their challenges,” Dowd said. “Whatever form the country’s health care reform legislation ultimately takes it will create the need for more technology innovation, which will require planning and insight to remain ahead of the curve."
INPUT predicts U.S. state and local government health organizations will increase their investments in health IT systems and services from $7.6 billion in 2009 to $9.6 billion by 2014.
lbm, do you have a recommended source for buying gold or silver to get actual physical possession?
TIA, Magic
Gravity sucks!!!
Magic
Well, on the bright side, we now have a firm basis for appeal, should someone wish to pursue it.
Great work Gordon, much appreciated.
Magic
Assuming we hit big oil, wonder what the chances would be for us to pursuade the company to send each stockholder of record on the "strike" date a can of real JDZ crude oil. Just take a few barrels to a local cannery and fill em up. We could choose to keep it in the can or open it and put it in a jar next to our Walldog signs!!! Maybe send us a certificate of authenticity along with the can. I think we long suffering shareholders deserve a little consideration.
Let's start a campaign, if anyone else is interessted, lot's better than a cap or tshirt!!
Magic
It is my understanding that the "meandering channel" actually applies to a fault line the runs through the JDZ, creating a trap for hydrocarbons along its path. "Meandering", in this context does not imply movement, but rather more of a wavy line as opposed to a straight line. It does not flow, like a river. The centerline of this fault is depicted in the map posted by LK, and hydrocarbons could be expected to accumlate on either or both sides of the line.
Magic
Not enough seismic done and analyzed in the EEZ for a legitimate auction done yet. No one with the wherewithall to do it is going to pay big bucks for a block and expedite drilling it without very thorough evaluation of 3d seismic.
Magic
Rec. Time Action Price Volume
11:08:38 AM Trade 0.119 200
10:32:15 AM Trade 0.12 750
10:30:12 AM Trade 0.105 1500
10:26:19 AM Trade 0.105 10320
10:22:22 AM Trade 0.105 5000
10:00:54 AM Trade 0.1 8000
Run for your life!!!
Damn shame we can't get thru a day without a pizzin contest.
Magic
It is SOOOOOOOOOOOOoo ready to bust out again!!!
JMO, Magic
My vote is to spinoff EEZ into a new company, distribute the shares prorata to the ERHC shareholders, and sell ERHE to Sinopec AFTER oil is proven. This gets rid of the ERHE history, preserves our capital gains treatment, and maintains our potential for the EEZ blocks.
What's not to like about that???
Magic
So does anyone in your group own 36 million of the 80M shares?
just curious, Magic
ERHE for me, thanks. Two drillships working as we speak.
Magic
Have any luck yet?
I'm really liking the idea of spinning off the EEZ as a dividend to shareholders, then selling ERHE outright. That lets us monetize our JDZ interest as shareholders and still hang on to our future in the EEZ. All while getting LT gains tax treatment.
I love it!!!
Magic
So you really are going to watch the BIG erhe run without even one foot on board??? That would be a shame. You did see the pr of spudding their first well didn't you?
Magic
Finally!!!!!!
press release
Aug 26, 2009, 11:52 a.m. EST
ERHC Energy Inc. Technical Partner Commences Exploration Campaign
HOUSTON, TX, Aug 26, 2009 (MARKETWIRE via COMTEX) -- ERHC Energy Inc. /quotes/comstock/11k!erhe (ERHE 0.88, 0.00, 0.00%) , a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that exploratory drilling is underway in Block 4 of the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) in which ERHC has a 19.5 percent interest. The Company's technical partner, Addax Petroleum Corporation, the operator in JDZ Block 4, has announced the spudding of the Kina Prospect.
"The start of drilling in our JDZ Blocks represents an important step toward realizing the Company's vision after more than a decade of hard work," said Peter Ntephe, chief operating officer with ERHC. "We are very excited that we are on the cusp of realizing the value of a portion of ERHC's portfolio of oil and gas assets in the Gulf of Guinea."
Another significant development is the change of operator in JDZ Block 3, in which ERHC has a 10 percent interest. Addax has announced that it has acquired the 51 percent interest formerly held by Anadarko and will be the operator of JDZ Block 3.
The drilling campaign is being conducted using Transocean's Deepwater Pathfinder, a fifth generation dynamically positioned deepwater drilling rig capable of drilling in water depths up to 3,048 meters. Addax plans to drill the "Kina" and "Lemba" prospects in JDZ Blocks 4 and 3, respectively, using the Deepwater Pathfinder.
In 2009, the independent engineering firm, Netherland, Sewell & Associates, Inc. (NSAI) estimated ERHC's unrisked prospective resources in JDZ Blocks 2, 3 and 4 totaled more than 336 million barrels of oil (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Blocks 2, 3 and 4 totaled 135.5 million barrels of oil.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ. The Company has additional interests in the territorial waters of Democratic Republic of Sao Tome & Principe known as the Exclusive Economic Zone (EEZ).
Head moderator, would you please ban this schnik character?
Thanks, Magic
A reasonable person might wonder why they do not raise the "ask":
Rec. Time Action Price Volume
12:40:19 PM Trade 0.87 550
12:40:14 PM Trade 0.87 100
12:39:03 PM Trade 0.87 300
12:38:54 PM Trade 0.87 100
12:35:59 PM Trade 0.87 400
12:35:57 PM Trade 0.87 7900
12:35:47 PM Trade 0.87 7000
12:35:45 PM Trade 0.87 100
12:35:26 PM Trade 0.87 10000
12:34:23 PM Trade 0.87 1000
12:32:15 PM Trade 0.87 2000
12:30:46 PM Trade 0.87 3000
12:27:47 PM Trade 0.87 3000
12:25:54 PM Trade 0.855 1000
12:23:56 PM Ask 0.87 2500
Just a little walkdown to get this 125k trade down:
Rec. Time Action Price Volume
12:00:11 PM Trade 0.851 74300
12:00:11 PM Trade 0.851 49900
12:00:07 PM Bid 0.851 2500
11:59:58 AM Trade 0.86 2500
11:59:58 AM Trade 0.86 2500
11:59:45 AM Trade 0.86 2500
11:59:39 AM Trade 0.86 2500
11:59:27 AM Ask 0.865 2500
11:59:24 AM Trade 0.87 2500
11:59:23 AM Ask 0.87 2500
11:59:22 AM Bid 0.86 2500
11:59:20 AM Trade 0.87 100
11:59:18 AM Trade 0.87 15500
11:59:18 AM Trade 0.87 2500
11:59:10 AM Trade 0.87 2500
11:59:10 AM Trade 0.87 2500
11:59:07 AM Trade 0.87 100
11:59:06 AM Trade 0.87 1500
11:59:06 AM Ask 0.871 2500
That's the wrong Magic, but I got the message anyway.
You're more than welcome anyhoo.
Magic
Please feel free to repeat it in the morning, in fact, I REALLY want you to. You're better than that ole rally monkey any day!!!LOL
Best regards,
Magic
So you think they are lieing when they say they are going for 11,600 below seabed??? What is your basis for the 5000 ft comment?
Magic
Gotta love it:
Rec. Time Action Price Volume
3:40:23 PM Trade 0.78 1235
3:39:58 PM Bid 0.77 2500
3:39:57 PM Trade 0.77 5000
3:39:57 PM Ask 0.78 2500
3:38:59 PM Trade 0.77 3175
3:38:56 PM Trade 0.77 3200
3:38:45 PM Trade 0.77 5000
3:37:12 PM Trade 0.765 1699
3:37:07 PM Bid 0.765 2500
3:37:06 PM Ask 0.77 2500
3:37:04 PM Trade 0.765 5000
3:36:41 PM Trade 0.765 100
3:33:34 PM Trade 0.76 900
3:33:32 PM Trade 0.76 100
3:33:31 PM Bid 0.76 2500
3:33:13 PM Ask 0.765 2500
Magic
Thanks Dan, nice to see you get that on the wire. Keep em coming!!!
Magic
John, I believe it said it would be 11,600 from the seabed.
Magic
Important distinction, this is a news article, not a PR put out be Sinopec.
Magic
MN, you didn't go back far enough.
Magic