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i guess EEL doesn't have the same information restrictions as ERHE does.. They seem to give their shareholders updates. It seems the excuse from our gang is getting weaker by the day.
Come on Peter man up show them who's boss..
We need an official from the horses mouth positive results PR.
Unfortunately, it will not come out til late May/ early June...we hope..but with the recent extension of SNP of six months..we may not see results til fourth quarter. Hopefully ERHE will give us some sort of update before then...Don't count on it..I'm not.
But always hopeful evey morning that something will appear in the news...It's like buying a lottery ticket..you buy, check it, get disappointed, you buy, check it, get disappointed, you buy, check it, get disappointed, you buy, check it, get disappointed, well, no more buying until we get news...
No, they are buying fishing rights.
According to a top African newspaper, fish in the JDZ are filled with oil, they figure there are 5 billion fish swimming right now in the JDZ and each fish carries approximately .1 liters of sweet crude from each, so... 5,000,000,000 x .1 = 500,000,000 bls x 8.00= $4,000,000,000 in revenue. This was according to a Senior fisherman in the area... :))
Funny, when mostly gas was insinuated, everyone was kinda disappointed because we wanted oil..Now that the article said not as much gas and we are disappointed, (sell 1 mil shares of disappointment)
BUT WE STILL HAVE LOTS OF OIL!!!
or until AOG says not so, or have they said so last year? or I'm confused..I wish they would make up their mind.. :) :)
This newspaper is exactly why ERHE has not released results until ALL of the studies are done.....
BUT WE STILL HAVE LOTS OF OIL!!!
ALL of the seismic studies can't be wrong, its science...
They are all dusters...sell sell sell
PLEASE! A credible news source said so...
They also are offering a million dollars to someone that will send them 30k for processing fees to get the money out of the country... 1 800 BIG BUCK
Up until this point we've had five secret wells. Might as well drill another 10, ERHE shareholders are in the dark. Good thing we didn't have to cough up drilling expenses...
Next train leaving the ERHE station shortly, all aboard...
They have successfully convinced shareholders to sell 1 mil shares to drive the price down for another buying opportunity...
The roller coaster goes up and then down...here comes a hill...click click click click
SNP will not buy ERHE at this point, they have a % in the JDZ with the Addax purchase. IMO they value SEO's political pull much more valuable than ERHE assets at this time. If they buy out ERHE assets right now, they lose SEO..
If I were SEO, I would stike a deal for JDZ rights BLK 2, 3 and 4 to infuze $$$ into the ERHE fund and concentrate on EEZ and BLKs, 5, 6 and 9 later in the JDZ. Just my opinion...
I think they have a much better idea of whats in the JDZ after the Phase 1 round and they are going to make Phase 2 count..
Seismic was all wrong??? dought it...
Also how can you call the AOG article credible, it's a 180 from a couple of months ago..who are their contacts??senior officials??? The JDA senior officials called for oil as expected...And that was from their own mouth, not from a news source who got the info from some senior source. Please get real....
so we should have it down by now...oily says some positive news coming out sell, if he says bad news coming out buy..
VERY depressing.......
I don't think all of the JDZ is mostly gas. Blk 2 right now looks like the gas target. The jury is still out on other blocks..where oil will hopefully be the dominant hydrocarbon.
Maybe 9% of the JDZ and the EEZ at 4.6B would be a good deal for all right now.
This may be an interesting week...looks like someone found out some news late friday.
Agree, shady deals can be done to pay certain people. But that is why we have the right to sell our shares and not be a part of this company. If we choose to buy in as we have then we must sleep in the bed we make(watch out for fleas). Ask yourself if the money you have invested in this comapny is worth the risk, if not get out or reduce your exposure. It noones fault but yours if this co. doesn't work out. Alot of folks make a decision and when the chips fall the wrong way they look for someone to blame.
Yes you can sue them, but good luck on that venture. If anything we should just hope there is nothing going on, but GRED is a power drug..it turns 100% of the peolple that get infected.. I know first hand, I work in a casino environment and have personally gone to slaughter when I made greddy decisions...
I have never met the ERHE executive team so i can't judge them.
Just because they have not released info doesn't make them bad people..just poor managers..
This project is massive and it will take the planning and work of very smart engineers to overcome the cost of this endeavor..
It takes time....
Offer cannot benefit anymore or less than the rst of the shareholders. Violate every rule protecting shareholders if they do. It would be outright robery and people would go to jail, AIM listing gone and a big black eye on the JDA
good idea, hopefully they can do this..even if they would get this done it would shareholders that they give a hoot.
I wish they would just give us the raw drill results so we can determine if it's commercial or not. The market can do this, I think. Can't we?
red give it a few more days, one or two more longs gets nervous they'll take it down on low volume and then it will be oversold again and they buting will happen again back to .60 -64..
It would be nice to get an update on the direction of ERHE when it gets over sold..
uh no
i had a nightmare last night.....
ERHE actually released some news...but it was great news!!!
Actually cash value is about .035 ps. so we are valued quite nicely right now with no actual validated assets of oil/gas/fish.
very hard to keep the faith, MMs liking their chops right now. Picking up cheap shares on any type of selling.
Any type of good news will send this puppy flying up..crap volume and the MMs are taking it down fast..same mo..
We should cut right to .75 with no issues..
sounds solid amj
It looks like Total is a better partner than what we have. Maybe EEZ partner on the horizon..
IMO I wouldn't be surprized if SNP is stonewalling SEO/ERHE with results because they want a bigger piece to continue in the JDZ.
I think TOTAL would be a great partner for us in the EEZ.
I think you watch to many movies. Chinese aren't all that bad..just don't commit a crime in CHINA and you're good.
ERHE is on a free ride in the JDZ, they have leverage with the EEZ right now and that is what they are using to either convince SNP to buy up their JDZ or they are trying to partner up with a new operator for the EEZ and SNP is pissed and won't release drill results until they are ready as operator per the contract. All IMO
never said that the shareholders shouldn't be given guidance. Just solid guidance not half information that could be mistaken.. Solid validated results, not the opinion of the drill team..experts that know the formations and can develop a field not a hole.
There is always security to control the mob, what 4 - 12 broken down pennie stock players...I don't think they are concerned.
I really doubt that very much.. The news would have been leaked out by now, the volume and SP would not be where its been...
Results are not complete/validated so we wait til they are.
loooks like Mark is on a different adventure now. MMR
Apko fields started drilling about 10 years ago???
no, but it's agood comparison to our JDZ
IMO. Official validated results are for what they drilled (how much pay zone in each etc). They will compare the first seismic study with the results of phase one to point them in the right direction. Phase 2 or not to do Phase 2. Probably a second seismic before phase 2. This is very costly to just drill willy nilly. They will be accurate and try to pin point the bigger zones/fields.
It all takes time months, not weeks...End of May/ early June.
Remember they have to be right the first field to get to production the quickest, that's what they are trying to determine, where are the large ones hiding...if they make the first wrong move it could sour the whole deal..at least make life difficult, especially with the "shareholders"..u know what I mean?
"why did they drill there, this one was better...."
By 2015 SEO and friends will be rich, they will wait..can u?
IMO
Why would a company put out unofficial/validated drill results to shareholders. The results would be read many different ways and conclusions would be made by "shareholders" that aren't qualified to read raw results. That is not taking care of the shareholder, "here it is, fend for yourself" you figure it out.
That is not what management has done or will do, I applaud that..too many companies put out bs and the MARKET decides how the results are and a lot of shareholders get burned!!!
Kindergarden is right, and NO you can't take a potty break right now. Wait for validated results and a plan attached..late May early June 2010. There is a date....
They have come out and said that they don't have results yet, it takes time. They have come out and said they are still waiting for these results several times after "the shareholders" screamed enough to force some lame update. The reason they don't say they will be ready on such and such date is because if the date comes and goes all of the "share holders" start screaming and yelling again..we've made our own bed on this board, no lets sleep in it..
The SP and volume shows that the results are not done...
Wake up!!! everyone should stop trying to make the story fit their expectations...
If you can't SELL SELL SELL like Kramer says....
Maybe the results aren't done. We are accusing them of not releasing data, maybe they don't have a certified results report.
Like I said, noone is going to commit 100s of millions of more dollars if it it isn't a viable deal/risk.
Where has anyone gotton a confirmation that the results were finished by a qualified company and just not released???
NOONE has that info, not even Mark...:)
IMO drill results will not be available til late May/June. Apko field took that long from the first drills to results..5 - 6 months. Don't expect any updates at the meeting other than they are working on the results...
It is looking like a complicated plan that needs committment from all parties. Especially the operators that have to flip the up front costs...BIG gamble for them .... They want to make sure they will have plenty of oil...I'm sure the big wigs at SNP are looking at it hard before they give the ok..
We all assume it's SEO negotiating a deal, IMO it's all the operators/JDA trying to come up with a profitable drill plan for the JDZ.
Stellar or expected results will have the same outcome. The JDZ needs to be drilled more to pinpoint fields, either way the results come in they have to drill some more to narrow the drill opportunities to the best spots to reduce costs to the operator. NO operator is going to just drill around town and see what they will find, it's to expensive to all.
All of the JDZ players know that oil is on the rise, it will stay there for a couple of years. They will make every attempt to get some of the fields into production as quickly as possible.
IMO 4 - 5 years oil will be flowing from some of the fields...hopefully this is a 25 year project..that means they found lots of oil in many fields.