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Chrome loaned ERHE $250,000.00 in exchange for 900,000,000 plus share at .00025 a share.
Nothing illegal about that.
JMO
Sneak
Do not count on it. When the fog of the confusion clears, Offor still will have 42% of ERHE.
JMO
Sneak
Death and Taxes are the only true and unavoidable facts about life that one can not ignore. As for drilling, over 80% of all Wells drilled are either for field exploration insight and information, dry holes or non-commerical in nature.
JMO
Sneak
Seek we do not know that for sure as he could have converted after the quarter ended and thus giving him until the next quarter to release that info. He most likely did not buy, but one of the Chrome Group of Companies may have.
As for someone on this board stating that Pete & Sylvan maybe trying to wrestle away the ERHE assets from SEO, they are badly mistaken.
Who does he think Pete and Sylvan are? Mark Rubio trying to stealing the Lime Light from Jeb Bush? I think not!
After almost 18 to 20 years, SEO will have his day in the Sun!!
I will go out on a limb and state that SNP or Total-Fina maybe are Suitor should there be One!
One only has to do a little research in order to Seek the truth.
Just my opinion Again, as I could be Wrong Again!!
Sneak
OC: Children should be seen and not Heard!! LOL
I give the one in question no response.
Sneak
OC: Yes I would Agree: "GAME ON"!!
Sneak
JDZ: $3.5 billion (hydrocarbons as expected, 335 million), Kenya: $4.5 billion (Hydrocarbons as expected 225 million), Chad: $2.0 billion (Known Hydrocarbons in place 100 million could be more)
balance of the JDZ blocks, Balance of the EEZ blocks plus rights ?
$10.00 billion top dollar less current market conditions down 90% = $33.00 a share.
Just my opinion and I could be wrong yet Again.
Sneak
OC: I do not think so. SOE still controls 42% of the new shares or 12.6 million shares, Pete and his Buddy only control 1.2 million of the new shares.
NGAR could issue new shares in a stock swap with ERHE to move to a new exchange, but buying ERHE for a .05 will not happen as the company now has a market cap of about $5 million dollars.
I believe that there is some window dressing going on at ERHE, but who the Partner or Buyer is remains a tightly guarded secret for Now!
Everything hinges on a Very Successful Drilling campaign in Kenya!!
Dry hole or less than Stellar results will mean more of the same.
I think the ERHE storyline continues until early July 2016.
Just my Opinion, as I could be wrong again!!
Sneak
NGAR is New Global Acreage Resources and trades on the TSX Venture Exchange under the symbols RAPP.
Sneak
With the U.S. Government wanting to spend $23 billion U.S. dollars to finance the oil pipeline from Southern Sudan thru Northern Kenya and onto the Coast of Kenya, the reverse split may take a little longer.
The Big Boys are starting to Wade into the Waters of Northeast Africa.
JMO
Sneak
New CUSIP number coming as this stock takes flight.
JMO
Sneak
I got a bottle of Pappy Van Winkle that was aged 15 years in oak barrels. I can not wait to pop the cork on this bottle in late April or Early May of 2016. Pappy Van Winkle is the Best Bourbon in the World.
Sneak
The ERHE Train is Coming!! Turn it Up!! This Raggedy Old Stock is Going to have it's DAY!!!
Not until the 10K will there be some light for the hordes of investors here who are treated like Mushrooms.
One has to give old Pete the credit he deserves as he has spoken and acted like a True Lawyer!
Sneak
The ERHE investors are on their way to the shareholders meeting.
TDA is the illuminati trading platform. You can only trade the stock they like.
Sneak
Ten days and counting down to a new path for ERHE.
Sneak
Could ERHE be Moving to the TSX? NGAR has $4.5 million to purchase oil assets. ERHE is at .0015 per share and NGAR could buy 3 billion share or at a 100 to 1 reverse split, NGAR could buy 30 million shares of ERHE. Coincidence? Maybe, Maybe Not.
JFFT
Sneak
Some brokers will not allowed further trading in ERHE because they have not been issued the stock certificates for the shares that they have sold and with the reverse split coming, they mostly likely will not get any certificates until the split is complete. Why would ERHE management issue 2.3 billion plus additional new share and endure all that cost only to issue 30 million new shares replacing the almost 3 billion old shares.
JMO
Sneak
Drilling before the end of the 4th quarter 2015 which is the calendar quarter, not the Corporate quarter which 09-30-2015.
Sneak
There are only two names I trust. Ian Leslie Blair and Jean Claude Gander to do a merger with.
Sneak
Wow, A 100 to 1 Reverse Split. Well it may all look Bleak. Surely the Final Curtain maybe dropping on ERHE! This is all I have to say!
Seek, I have been trying to buy some ERHE, but TD-Ameritrade said they can not trade as a trading hold has been placed on the stock and the broker does not how long it will stay in effect.
Sneak
New IMF World Currency Structure may start in October 2015. There will be 7 regions of currency consolidation.
1) North America Zone
2) South America Zone
3) European Zone
4) African Zone
5) Russia - China Zone
6) Pacific Rim Zone (trade pack just approved)
7) Middle East - North Africa Zone (Hinging on the Iran Deal)
How will this effect ERHE?
Just My Opinion
Sneak
Two scenarios come to mind.
1) ERHE sells part of the Chad property and uses some of the cash to buy back shares whereby leaving SEO with the same 42% he once had before this whole downward spiral in the share price began.
2) 51% of ERHE was purchased thru the new shares issued thus allowing the buyer to offer a much higher price for the balance of the outstanding shares and thus giving SEO and Company the $$$ they want to bow-out.
Just My Opinion, I could be Wrong Again!
In any event we will have to wait until after the Drilling results are published, or will they take a pre-drill offer?
Sneak
No - R/S, Offor is not taken a smaller slice of the Pie!!
Mega Deal May be In the Workers.
Just My Opinion, I could be wrong.
Have a Nice Day!!
Sneak
Boy, is it slooooooooow or what?
Sneak
SEO (JED) looking for oil in Kenya!
It seems Quiet on all fronts. Even the dog kennel of Ankle Biters have slowed their repetitive False Alarm Barking.
SEO controls about 420 million shares thru Chrome worth less than $700,000.00
The Clock is ticking.
JMO
Sneak
It my all turnout to be BLISS soon!
JMO
Sneak
Big Jane, wants to get the word out!
Re-Valuation:
JDZ & EEZ = ?
Kenya 11A = 227MB x $2.00 = $454 Million.
Chad = 200 x $2.00 = $400 Million.
Total pre-drill: 427MB x $2.00 = $854 Mil. or .28 a share.
Should 11A be successful, then $2.27 billion or .75 a share.
Chad no drilling add .13 as share.
With No oil, this stock flat lines in 6 month.
JMO
Sneak
You Mean, more like the Pointer Sisters. This is how he motivates the shareholders!! LOL
Valuation:
JDZ & EEZ: 1 BB
Kenya 11A: 227 MB
Chad: 200 MB
Total: 1.427 BB X $2.00 or .95 cents a share.
JMO
Sneak
My, MY, Middy has a Dan Qualye moment in replying to march2016.
"Furthermore you wood"
Now we all know why he is here!!
Go ERHE
Sneak
Surely, Dr. J, All the news links state that oil has fallen as the world oil glut will not likely go down faster as the Chinese economy has been slowing, hence the currency devaluation.
The main cause of the oil price decline is the rise of the U.S. dollar and with the devaluation of the Yuan, The U.S. economy is sure to slow even further leading to a decline in the dollar and a rise in oil price is the long run.
killing the Iran deal will keep millions of barrels of oil off the market, thus stemming the world oil glut.
JMO
Sneak
The devaluation of the yuan and the Iran nuclear deal getting voted down will cause oil prices to rise.
JMO
Sneak
Disingenuous at Best!
First rule of business school:
When one hires a Non-Professional, One get Non-Professional Results.
Well having said that, I will try and make the best of it.
Have a Nice Day DR. J.
Sneak
Well DR. J, It looks like dark rain clouds are gathering, but the clouds are to far out at this time to make a call.
The sun may soon shine on through!
The facts:
1) JDZ - Dead in the water, no movement.
2) EEZ - Dead in the water, Movement canceled!
3) Chad - Looking for partner, Jury still Out and clock ticking!
4) Kenya - All appears to be steady as she goes!
With it's cash running out and It's future uncertain, maybe a Sale is in order.
JMO
Sneak