Now if you can get a flight manifest we might be able t o figure out who this person is.

Art
Regarding the RS idea. Do fell that a rs would be necessary if the stock climgs above $3.00 or so?

As always thanks for your efforts! Sounds great.

Stock or anyone;

Is there a rule of thumb as far as a ratio of gas to oil? Reserves figured the dame way. Time to proven, production etc.. Is gas figured into the equation as far as what has been projected of the pps. tia.

Maybe you can shed some light on the controversy about cvx ever being in the mix, next time you speak to your people.

If you have been following this stock at all you might have some idea of waht they are sitting on. There are links on the opening page which will give you a great primer for your on DD.
There are many rumors, some substantiated, about buy ins from potential drilling partners from anywhere from $3,$5 or higher at the signings of the psc's (production sharing contracts). This stock can get over hyped in so many ways, low ball estimates for twelve months would be, IMO, $3 to $5. If we go from estimated to proven reserves, it could be $10.00 or higher.

First of all are you serious?! Try shooting from the 3 pt range for starters and work your way up from there. With assts from our point guards (addaz & cvx?) you could be scoring in double digits well befroe the playoffs. Good to see come off the bench.

was that upstream article posted here today?

.72 .723 4x1

D as in Daukuro? I take it that no further meetings are scheduled.

Mark or anyone who may know. Has the delagation from STP left Nigeria?

Meridian; do know if all the players are still in Nigeria. Are the meetings to continue?

I think this was premeditated and they anticipated Nigeria's reaction. They have to some ace up their sleeve to pull a stunt like this. Or maybe their pizzed, because in essence ERHE got a signiture bonus in the form of 18 mil from Addax and they got stiffed out of 54 mil. That has always stuck in their craw. JMO.

OT; Paltalk down for 90 minutes. Goes back on at the same time the psc's are supposed to be signed & announced. (hopefully)

Mark;

Just wanted to add my 2 cents re js. I too on occassion have called and spoke, among others Sam Dinka, over the course of the last 18 months. To be honest they seem to try to put the best spin on eveything and their sense of time is kinda like "Hey dad ,when are we going to be there and the response was "in twenty minutes. Their 2 weeks (aka fortnight) has always been hampered by all the things we've come to know and love about how thses people do business.
Where they lying to you?, Who knows, as they say chit happens. No need to apologize for your efforts. I appreciate your enthusiasum bringing to the board adn I never ever felt it was done without sincerity .
Pump this stock? It could be the play of a life time and their are some fairly savvy investors who have probably put in more then they ever would have into a BB stock. Keep up the good work. JS is .......well, you can fill in the blank.

OT Good to see you back Homeport.

I tend to disagree with you as far as Meridian being a basher. I think he is cleverly disguising himself and has enough information to sku it to his adgenda. Kinda like Mongo. Its easy to and hit and run and take some would be investors with him. Time will tell.

I tend to believe the people on this board who have provided credible information during the tenure of my investment (3 years) then some drive by poster throwing Moltitov cocktails into a crowd.

So who's daydreaming?; thought some of you might get a kick out of this. Maybe say in 2weeks?
Dear xxxx,

Thank you for submitting your price quote request for a 2006 BMW M5. Your price quote is on its way!

Dealix Corporation has been selected to facilitate your introduction to the following dealership. Within a few hours the following individual will be contacting you with a price quote for your car. You are welcome to contact them immediately if you wish.

YOUR DEALER CONTACT:
--------------------
Michael Piccolino
BMW of North Haven
610 Washington Avenue
North Haven, CT 06473
Telephone: 203-239-7272
E-mail: mpiccolino@bmwofnorthhaven.com

YOUR REQUESTED VEHICLE:
-----------------------
Year: 2006
Make: BMW
Model: M5
Trim: 4-Dr Sedan

ADDITIONAL INFORMATION:
-----------------------
Payment Method:

Thank you again for allowing Dealix to assist you in your car buying needs. We hope that our introduction will result in a great deal on the vehicle of your dreams!

Regards,
Customer Service
Dealix Corporation.
720 Bay Road, Suite 200
Redwood City, CA 94063
csr@dealixcarbuying.com

If you prefer not to receive an email from Dealix Corp., please visit http://www.dealixcarbuying.com/Unsubscribe.asp?email=

I have all my family and alot of friends who have bought into this. Probably all told over 2 million shares. One cousin who was in the business didn't go it for the biggest blemish that it is Nigerian. At least now when asked when and I say soon they now believe it. I always told people that I have invested every penney I own into this with the exception of a small fund that I keep to leave the country if it didn't work. lol. Now that is invested as well. Not as long as some, three years, but long enough though. Good luck to all longs over the next coming weeks.

At the risk of feeding JS's raging ego,I must admit he has added insight at time's with this investment. His contact multwadi or whatever it is, has been dead on with a lot of his posts. Having said that, Joe, I believe tries desperately to become the story when there is nothing else to report. He is, IMO, a fairly talented writer, but deep down probably wishing that he was writing for the WSJ or NY Times and did not have to rely on his blog for notoriety.

My question as well Nighttrader. That's all well and good but how does it effect the pps.

Question. How would they buy block 2? Would they offer x amount of dollars per share or would it be a private sale between ERHE and Chevron. Kind of like the 18 mil "participation fee" of whatever you call it that Addax gave to the company and which the share holder would never see a dime of. If its 2 billion barrels of oil or anywhere near it the payoff would have to be huge.

Better than $5.00 pps?

Stock, is it possible to get proven without spudding a well?

Nightdaytrader;
Barry Morgan wrote,
"Chevron has renewed interest in block-2 where Chinese giant Sinopec is hoping to clinch operatorship in partnership with Houston-based preferential rights holder ERHC Energy. Senior executives from Chevron and ERHC met Thursday night in Nigeria, primarily to deliberate on the way forward."

"renewed interest" says to me that they want a piece of the action and not just to work renmeration for the oil that's flowing from block 1 into 2..

No matter what, this coming week will make it difficult for me to concentrate on the mundane while this drama heats up overseas.

...."could spark a bidding war"....; not to parse every aspect of it, but it sounds to me that others may opt to get into the fray. It has been said time and time again don't ever count out XOM. Spec 29 puts unproven O&G in blks 2 and 4 at about $13.50 pps. The numbers being bandied about both here and on other boards range from $3 to $7. Homeguard says nobody is coming close. With all do respect Walldog, if Offor settles from $15.00 to $20.00 for the whole shooting gallery, his title will change from Sir to Your Majesty in my book.

Energy Intelligence Group Inc.

This is the same publication that has editorialized their stories with a heavy bias, IMO, against ERHE in the past. This article seems to be a little more straight forward, however, they refuse to acknowledge the outright rejection of the AG report by the JMC. Pardon the pun, but its a little "oily" as far as I am concerned.

That's exactly what it means and that's why, IMO, Chevron needs, really needs to talk to Walt & co. Block 2 could be bigger then what everyone was expecting.

All the time. eom

Why am I not suprised that the web site is not updated?

Isn't this the same POS publication that wrote the last poison pen article about us? They used the phrase "another nail in the coffin" etc. Their agenda is clear. To trash anything positive about ERHE. Its almost like Mongo wrote it. Then again maybe he did.

Freudian slip or prophetic?
The tiny archipelago island also picked holes in the preferential rights granted ERCH Energy, in many of the blocks. ERCH Energy is a quoted company on the New York Stock Exchange in which a Nigerian indigenous oil company Chrome has major equity interest

http://www.investorshub.com/boards/read_msg.asp?message_id=9595179

If you think about it, it was about mid December when we started back into the mid-fourty's and then it hit the fan when STP started its latest hissy fit over the treaty. The psc's were on the verge of being signed. We tumbled back to .29 and here we sit today, this time however, the meetings are taking place as we the nervous investors pace back and forth waiting for the new baby (oil company i.e.) to be announced to the world.

Awesome news Homeport. Thanks a $$$$$

Homeport; No news on today's meetings I take it?

Seeing that the article date last Sunday, on the 26th the stock price was .325. Its the same story, a little more wordy, that has been out. If the market had a week to digest it, it was summarily dismissed in my mind. We closed at .48 This is the week that counts if what Mark and BM have been saying is true. My hope is that, after all said and done ( PSC's) that one of the major campaign's that our new CEO embarks on, is to put out the rest of the story as Paul Harvey would say.

Or maybe is that Lusa goes out for public consumption on the islands et al. Certainly more then Upstream I imagine and that he's just playing dumb. But I would find it hard to believe that he doesn't know what the meetings are really all about.
Is Sir Emeke Offor a knight? I think not, not anymore then I think that John D Rockerfeller was a saint. Thugs? Yeah probably, but as Art put it, it is well in the realm of the oil business. If he's a thug, well, he's my/our thug for the time being. I doubt anyone filling up their SUV's (aiding and abetting the rest of the eco-criminals excelarating global warming, LOL) think much about John D,s past transgressions any more then I do. Let's just sign these puppies and get on with it. IMO

Pup made a statement that someone in blk 1 was looking at us. I am wondering if that is the buyer.

Question. Not to get ahead of myself, but when the STPEEZ begins will ERHE have to bid anything on their blocks, since they are signiture free.