Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Strass,
I sent an e-mail to him on Monday. After Jdubs posted his WB messages on Tuesday morning I went and checked my e-mail. Sure enough there was a message from WB. The fact that I got one gives me comfort that the others are legit. But I understand being skeptical based on the BS that gets tossed around here from time to time. All I know is that someone sent me a message from the ERHE office. I can only assume that it was WB, since his name is on it.
-ach
Strass,
See Posts # 52495, 52502, 52504 and 52510
-ach
To reference my post from yesterday:
Here is what WB e-mailed me about the investigation:
Dear Mr. xxxxx,
At this point in time I cannot comment on the legal issues surrounding the search until reviewed by our legal counsel. We are hiring an investor relations firm to better address shareholder concerns and provide information on the company's activities. In the interim I request a little more patience as we organize our effrts.
Thank you,
Walter Brandhuber
President/CEO
ERHC Energy Inc.
It seems that the above would be the appropriate response regarding legal issues. The other poster indicated that his e-mail was from Monday. Mine was Tuesday morning. I don't think WB would send out an e-mail with guns blazing before consulting the attorneys first.
-ach
Alwright,
Yes I have been around for over 3 years now. I'll be honest, once in a while you get that person in the back of your head saying "what if he's not crazy and he is right?". It is nice to have solid proof for myself that he truly is just interested in making RB a difficult place to be for any extended period of time.
-ach
Now Rancho on RB is questioning dadd on the WB e-mails. I'll admit, Rancho had me a little paranoid for a wee bit. Now I know that he is full of it since I myself got a message from WB. That is MY PERSONAL PROOF that the WB messages are legit. After I saw that jdubs got a message, I went and checked my e-mail and sure enough, a message from the CEO himself. These messages make me much more comfortable going into the next few months, and less concerned about day-to-day price fluctuations (even if they are as big as yesterday).
Good Luck,
ach
---WB Message---
Hey guys,
WB is taking care of business this morning. Here is the message I just got from him.
Dear Mr. xxxxx,
At this point in time I cannot comment on the legal issues surrounding the search until reviewed by our legal counsel. We are hiring an investor relations firm to better address shareholder concerns and provide information on the company's activities. In the interim I request a little more patience as we organize our effrts.
Thank you,
Walter Brandhuber
President/CEO
ERHC Energy Inc.
Meridian,
Do you know how WB feels about any of these suggestions?
-ach
Meridian,
Since I can't reply privately, the answer to your question is as follows; exposed as a person that likes to play bridge, or as a person that tried bridge a long time ago but couldn't get the hang of it, depends which Merdian you ask:)
-ach
I agree with you Umbra. I don't think that has anything to do with the sale price. I was just trying to give Sidewinder a summary of the main events over the past few days.
-ach
Sidewinder,
Primarily the most recent 8-k filing. In addition, Meridian being exposed. IHub turning into RB, etc...
You don't even want to know.
-ach
Can someone summarize how umbra caught Merdian? I was away at a meeting and missed the fun and those posts have been deleted.
TIA
-ach
Not too much of a riddle in that oilphant post. Can anyone explain the significance (if any) in the MM world of having 26,000 on the ask vs. 2,500 on the bid?
-ach
instruct,
if you look at the chain of messages the "he is dutch" reference from Merdian was in reply to your message to tamtam asking where he was from. Not in regards to Afren. I think that was leading to some confusion.
-ach
Just don't by your gas in Troy (particularly Crooks and Big Beaver) and you'll still have cash for a $5 dollar pizza.
-ach
Balance,
I would just add that based on continued growth in China and India, substantial new finds are necessary just to maintain status quo for the near term future.
-ach
Umbra,
Maybe you are a member of the knights templar? The priory of siom?
OT: I love the sherlock holmes museum on Baker Street. Makes you feel like you're really at 221B.
-ach
Thought I would take a stab at the conspiracy theories.
Could it be that Meridian is a member of the Offor clan? The Meridian platform has changed several times since his arrival. I suspect that a member of the clan closer to EO took the reigns initially with very accurate information. Since that time other members of the clan have assumed the handle, hence the differing tones/styles/information.
If you remeber "Doc" had some not very nice things to say about the clan. A while back I asked Meridian about what Doc said and he replied that it was all "BS", with no other explanations.
As for Umbra - If you look back at the history of his posts, you will note that his standing has not waivered. Push for more PR has been his call from the beginning. The only thing I notice is that he appears to have changed his tune with Meridian from his initial statements - which weren't cordial.
Oilphant - Who knows? A strange fella.
Having made my case I would add that everyone of these posters makes waiting that much more tolerable and adds a lot of fun to this board. Even when the posts create chaos.
Here's to more of the unknown
-ach
CNOOC to sell nearly $2 billion in shares
April 27, 2006 03:37:00 (ET)
HONG KONG (MarketWatch) -- CNOOC Ltd., China's largest offshore oil company, will sell between $1.95 billion and $1.98 billion worth of shares in a placement to finance additional exploration, according to a term sheet seen by MarketWatch.
CNOOC shares were suspended from Hong Kong trading Thursday morning at the company's request, according to a press release, which said that announcement of "a top-up placing of shares" was forthcoming.
State-owned CNOOC (CEO, Trade) plans to sell 2.5 billion shares at HK$6.05 to HK$6.15 (78 to 79 cents) each, according to the term sheet.
The pricing range comes at a 5.4% to 6.9% below discount to Wednesday's closing price of HK$6.50. New shares will make up 90.9% of the placement.
The offering comes as the company pushes forward with an aggressive international expansion policy. Last week CNOOC announced it had completed the $2.7 billion purchase of a 45% stake in a Nigerian oil field.
Earlier this month, it bought a 25% stake in an Australian natural gas exploration project with BHP Billiton (BHP, Trade).
CNOOC's overseas investments are part of China's push to secure oil supplies as domestic demand surges. Chinese President Hu Jintao is currently on a tour of oil producing countries, with stops in Saudi Arabia, Nigeria, Morocco and Kenya.
Last year, CNOOC's bid to buy U.S. oil company Unocal was thwarted by opposition in Washington.
Analysts were not surprised by the stock offering, and said it was consistent the company's previous fund raising approach and recent expansion moves.
"They seem to raise capital at appropriate times, so it's not a huge surprise," says David Hurd, an oil industry analyst and managing director at Deutsche Bank in Beijing.
Brokers think investors will be keen on the new shares.
"They're taking advantage of high prices and a strong market to cash out," said Francis Lun, general manager of Fulbright Securities in Hong Kong.
"With oil prices set to stay at a high level I think the CNOOC prices still have room to rise." He predicts CNOOC's stock will reach $7 after trading resumes.
The company announced Tuesday that first-quarter revenue rose 45.1% to 16.66 billion yuan ($2.08 billion), with production up 9.5% to 450,000 barrels of oil equivalent a day during the quarter. Capital expenditure rose 24% to 430 million yuan.
Last week, it revealed plans to invest 100 billion yuan ($12.5 billion) in oil and gas exploration by 2010.
Company official Tan Dongling said that more than 50 new oil and gas fields will enter production by that time. The new fields are expected to raise CNOOC's production capacity to 374 million barrels per year, compared to 292 million barrels at present.
Meridian,
Do you know of any negotiations going on? Is WB in Abuja right now? Any rumors circulating? Just curious.
P.S.
If you don't know for a fact better use IMO, because everyone will have a nervous breakdown here if you don't.
-ach
I got the inside joke DQ
-ach
Shaw,
Sorry if I'm being dense here, but could you explain the what/why of this form 3 filing?
-ach
Good luck with this new board. I see Meridian has joined us. Even Joe has decided to come out of retirement. Should be interesting. Smart thinking Instruct.
-ach
OT Happy Easter all. Here's to a more civil next week.
-ach
I got a post deleted for the first time today (I agree with it being deleted as it wasn't the appropriate comments). I finally feel like I'm one of the gang. LOL
-ach
Agree. But if we are trying to keep the board orderly in the manner you described, snow should have been deleted a long time ago. Look at what happened to the board this morning based on his post about value. Whenever someone posts something that people don't like here, it will generate a lot of posts. But as a moderator, the job should be to keep the posts on topic, not to delete posters becasue of the responses they may generate, especially when they are part of a legitimate discussion.
-ach
Post 43941 by Meridian was probably one of the more relevant posts this morning. Nothing off topic. Deleting posts of this nature just gives more fuel for rancho's fire. Not what anyone should be interested in.
-ach
Meridian,
What is your overall take on the Overt deal? Good, bad? What was the reasoning behind it?
TIA,
-ach
hUH???????????????????????????????? 1.35????????????????
Patiently watching is the word. I feel like we are back in the summer of '05. It's like watching paint dry.
-ach
ok - not interested in getting into it with you. If that's what you bring to the board.
-ach
thanks for the defense ftc,
I was just going to ignore that post, but since you brought it up again. I'm just trying to be respectful. I appreciate Meridian's input. Regardless of what some of the folks say here, I think his input is valuable and should be weighed accordingly. If you don't agree with what he says fine. I still don't see where he was bashing and agree with TheDanes arguments today.
-ach
Thanks Meridian,
You've always been prompt with responses to my questions. I appreciate it.
-ach
Meridian,
A while back you indicated to me that you thought WB would be posting the promised "updates" on the ERHC website within a couple weeks. Any thoughts as to why they still haven't gotten around to this? You would think that the "Letter to the Shareholders" is something they would want out there. The coming soon tease is getting old. Wouldn't you agree?
-ach
Should the press release have been referring to Conoil instead of ERHE? That would make more sense. I don't recall if conoil was part of Block 5, but they were part of 4.
-ach
Meridian,
Doc took some pretty heavy shots at you in his last post on Joe's blog. Do you have any thoughts on what he said? Last time I asked you this a couple of weeks ago you just said everything Doc says is BS. I was wondering if you would be willing ot expand on this?
-ach
You go Meridian, set everyone straight
see what happens when you're gone for a few hours?
-ach
Meridian,
Are you getting back on a plane today/tomorrow or do you have more business to take care of in Abuja?
-ach
Strass,
3 blocks
100% + 100% + 100% = 300%
Meridian,
Do you have any new news on a timeframe for Block 5 & 6? Will these be delayed several months or rebid altogether as has been rumored?
Thanks,
-ach
Meridian,
The ERHC website says an update from our CEO is coming soon. Any insight on when that might be?
Thanks,
-ach