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Agree 100% with your comment on this poster. I look forward to reading anything that he has posted. No hype, just facts. IMHO
S2R --
I agree with your view 100% and i also think JDA has the upper hand as long as Total is involved with the JDZ. I would think they would welcome the chance to be involved in the total blocks of the JDZ. Goes along with their APKO field very well.
Oil Companies Hit With Cyberattack, Likely From ChinaFeb 10, 2011 – 2:18 PM
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Hugh Collins
Contributor
At least five major oil and gas companies were the victims of a cyberattack that aimed to steal valuable commercial information, according to a report by software security company McAfee.
The attack, which apparently originated in Beijing, focused on oil and gas field production systems and information related to field exploration and bidding for new leases, according to the New York Times. The report dubbed the attack "Night Dragon."
The report did not name the companies affected.
"Starting in November 2009, covert cyberattacks were launched against several global oil, energy and petrochemical companies," George Kurtz, chief technology officer with McAfee, wrote on his blog. "This information is highly sensitive and can make or break multibillion-dollar deals in this extremely competitive industry."
Governments and major corporations have grown increasingly concerned about the ability of hackers to cripple their operations. In late 2009, Internet giant Google discovered that it had been the victim of online espionage.
In 2007, a cyberattack crashed the entire Internet infrastructure of Estonia.
The attack on the oil companies appears to be a professional one, rather than the work of individual hackers out to cause mischief. They even took place between 9 a.m. and 5 p.m. local time in Beijing.
"These people seemed to be more like company worker bees rather than free-spirited computer hackers," said Dmitri Alperovitch, McAfee's vice president for threat research, according to the Times.
The hackers first entered the companies' network using their Internet servers, according to technology site CNET.
From there, they were able to gain access to individual computers and harvest valuable information.
The use of these techniques points toward China as the country of origin for the attacks.
"The tools, techniques and network activities used in these attacks originate primarily in China," Kurtz wrote. "These tools are widely available on the Chinese Web forums and tend to be used extensively by Chinese hacker groups."
Sponsored LinksThe report even said it had identified one individual who allegedly provided vital infrastructure for the attack.
The individual is based in Heze City, in eastern China. McAfee stressed that the individual is unlikely to have masterminded the attack.
The hacking techniques employed were "unsophisticated," the report said.
"They simply appear to be standard host administration techniques, using standard administrative credentials," the report said.
"This is largely why they are able to evade detection by standard security software and network policies."
s2r, how do you find the URL of your page? Thanks for the alert.
Brez, Look at post 232863 and for the question look at 232862.
Kingpindg, I read the article at www.oilcareers.com this morning at 6:30am est and it still had the "reports directly to Erhc President/Ceo." Exactly like you printed the copy for all to see. Thanks for all that you do for this board. You are one of a few that I pay any attention to and rely on the info that you write. Please also add me to your list of fans and supporters.
Thanks for attending and reporting back to us. Also appreciate the powerpoint presentation but if I was them I would correct page 29 under the Management section which states:
Management
--Experienced Management Team
--A Track record of success in emerging markets
SHOULD HAVE READ:
--INEXPERIENCED MANAGEMENT TEAM
--A TRACK RECORD OF SUCCESS IN SUB-MERGING MARKETS AND SP.
Not sure who you are refering to about the hype and I-hub member. I was just recanting to you of what I had read some time ago. Maybe you should read posts 221790 & 221799. Have a nice day.
PS - By the way it's at footnote 12.
Dan
Don't forget the mention of Sinopec looking at ERHE's assets in the following article that another board member found earlier.
http://en.wikipedia.org/wiki/Sinopec
It's in the paragraph next to the picture of boats.
Kingpindg, If you compare these figures located in the ibox with our 22% vs EEL's 9% and what they are showing at web site that you sent to me then you can see that their is no match at all.
Operations in JDZ Block 2
ERHC's consortium partner Sinopec Corp. is the operator in JDZ Block 2. In August 2009, Sinopec commenced exploratory drilling of the Bomu-1 well, which was completed in early October 2009. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 2 totaled 77 million barrels of oil and 93.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 2 totaled 38.3 million barrels of oil and 47.9 billion cubic feet of natural gas (P50).
VS.
http://7.investorrelations.co.uk/equator/uploads/press/updateandclarificationonOPL321323andBlock2JDZ.pdf
Big difference in risked and unrisked don't you think? I hope EEL info is correct. Big increase wouldn't you say.
Kingpindg, doesn't match the figures listed in our information box does it? Listed below is what is listed in our ihub info block. Why do you think the different figures? I guess that was why i was trying to figure if this was new info or old. It just didn't match up with what was reported to ERHE from NSAI.
Operations in JDZ Block 2
ERHC's consortium partner Sinopec Corp. is the operator in JDZ Block 2. In August 2009, Sinopec commenced exploratory drilling of the Bomu-1 well, which was completed in early October 2009. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 2 totaled 77 million barrels of oil and 93.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 2 totaled 38.3 million barrels of oil and 47.9 billion cubic feet of natural gas (P50).
Kingpindg, Thanks for the information. I take it as old info then. Just didn't understand why they only reference Block 2 and not the others.
I was looking for new info on ERHE at different web sites and stumbled acrossed this at NSAI's.
Nigeria - Conducted assessments of certain properties in the Gulf of Guinea, including (1) resources in Oil Prospecting Licenses 321 and 323; (2) prospective resources within Block 2 of the Joint Development Zone of Nigeria and São Tomé and Príncipe; and (3) reserves and future revenue and contingent and prospective resources for Bilabri, Owanare, and Orobiri Fields within Oil Mining Lease 122.
Is this old or new information? And if new, why only Block 2 and not the other blocks? I thought they were reassessing all three blocks drilled but they only mention Block 2. Any idea's from anyone.
Jim,
Don't you first think that it would be prudent of us to check with EEL on their report about Block 2 of JDZ to see if it contains any erroneous information or if this was operators info released to them.
Secondly, i believe that we have some leverage with China on our blocks in the EEZ. We could always say if you want to be our partners in any of the EEZ blocks then you will have to let us release the information to our shareholders on our JDZ blocks. Now that's what you call "tit for tat" which is what real sex is all about. Agreed. Otherwise, I follow your posts and agree with most of what you say but i do feel we too are also partly in the drivers seat with our other interests in both the JDZ and EEZ which I believe China wants in on. Keep up the great posts. OMO.
Dan
Jim,
PS--He is also a big member of ERHE family.
Danny
Jim,
OT
10-4, My son graduated from Wm & Mary in the 1990's.
Danny
OT
Jim,
I also believe that Brez lives down in Yorktown,VA.
Danny GO ERHE
Jim,
One more for you. I live in Colonial Heights, VA (approx. 20 miles south of Richmond.
Danny
I thought they had to inform the JDA of or if there will be a second phase of drilling by Feb. 12 or 13th????
Sinax....sounds like what is happening to Tiger Woods right now. LOL
Hello Danny,
We are pleased to provide the latest news and information about ERHC Energy (www.erhc.com). Exploratory drilling continues in Block 4 of the Joint Development Zone in which ERHC has a 19.5 percent interest. This is the fourth well drilled since the comprehensive exploration campaign began in late August.
Meanwhile, the team is finishing work on filing the Company's annual 10-K report in the coming weeks. Plans are also underway for an investor conference call at 8 a.m. Central Time on Tuesday, December 15th. We expect to have specifics on how to access the call in the next week.
As we approach the Thanksgiving Day holiday, we want you to know how thankful we are for your continued interest in ERHC Energy. Have a happy and restful holiday!
ERHC Energy Chief Operating Officer Explains Interest in Marginal Field Opportunities
Author: Dan Keeney
Release Date: Wednesday 25-Nov-09 3:00 PM
On Tuesday, November 24, 2009, ERHC Energy announced that it was pursuing certain investment opportunities in the Nigeria oil and gas industry. Among the potential investments being considered is the Eremor Marginal Field located in shallow water offshore Nigeria. The discovery well, Eremor-1, encountered three oil and gas zones, the most prominent of which is the D-03 reservoir with 43 feet of net oil sand. It was re-entered for testing in 2005 with the D-03 reservoir testing 2,200 barrels... [More Info]
Posted by: Dan Keeney
ERHC Energy Inc. Update for Shareholders on Drilling in the JDZ
Author: Dan Keeney
Release Date: Thursday 8-Oct-09 6:00 AM
To ERHC Shareholders: I am happy to report that drilling is progressing on schedule in the Joint Development Zone (JDZ) Blocks in which ERHC has interests. Addax Petroleum Corporation (Addax), the operator of JDZ Blocks 3 and 4, has finished drilling a well at the Kina Prospect in Block 4 in which ERHC has a 19.5 percent interest. Based on the early analysis done to date, the well encountered hydrocarbons, but a detailed evaluation of information from the well has only just commenced so... [More Info]
Posted by: Dan Keeney
--------------------------------------------------------------------------------
News Releases from Recent Weeks
ERHC Energy Inc. Pursues Investments in Nigeria Oil and Gas Industry
Author: Dan Keeney
Release Date: Tuesday 24-Nov-09 7:30 AM
Signs Memorandums of Understanding related to interests in Eremor Marginal Field and stake in oil well testing company HOUSTON, November... [More Info]
Posted by: Dan Keeney
ERHC Energy Inc. Technical Partner Spuds Second Well in JDZ Block 4
Author: Dan Keeney
Release Date: Monday 9-Nov-09 8:00 AM
HOUSTON, November 9, 2009 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly... [More Info]
Posted by: Dan Keeney
--------------------------------------------------------------------------------
I agree with your post 100% Dadd. I also respect both of these posters and always look forward to their posting. I truly hope that both keep posting as you said. Thanks, you took the words right out of my mouth. I have mutual feelings towards both. Please keep posting guys. We all appreciate your posts. Happy Thanksgiving to all.
If gas is what we have in tcf's in our blocks as spp119 has posted about, then do we also have any oil under the gas? Are we bought or sold after pr? What do you think will happen to the sp when official pr is released in comparison to having oil in mmbls? How does the stock price work out to a chart price similar to the one that TamTam did for oil long ago but could now be gas instead? I guess my questions are many but I assume others on this board are just as inquisitive as I am as I know very little about oil and gas exploration and how many different scenarios that this could be presented. Any ideas or opinions are appreciated and I realize that they will only be opinions until official results are released by pr from ERHC. Thanks in advance for any thoughts.
Oil shortage? Sources charge U.S. influence inflates world's supply
David Schepp
Nov 10th 2009 at 7:00PMText SizeAAAFiled under: Energy, Economy, People
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Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that says figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current employee and a former staffer at the International Energy Agency, a policy adviser to 28 mostly industrialized nation that coordinates measures during oil-supply emergencies, among other tasks.
Despite forecasts that call for production to steadily rise by 2030, the world will likely instead see output decline, the U.K.-based newspaper reports, quoting an anonymous whistle-blower at the IEA. The senior official claims the U.S. has been influential in encouraging the watchdog agency to play down the rate of decline from existing oil fields while over emphasizing the chances of finding new reserves, the Guardian said.
The allegations bring into question the accuracy of the IEA's latest World Energy Outlook for oil demand and supply, published Tuesday, and raises fears that the world may run out of oil much sooner than thought.
At the controversy's core are figures that suggest the world can raise production to 105 million barrels a day from last year's 85 million barrels a day. Critics have charged that the level can't be achieved, arguing that the world has long since surpassed its peak oil-producing capacity.
That hasn't stopped those within the energy establishment to argue that oil production can be increased, with production estimates at one point reaching as high as 120 million barrels a day by 2030. The IEA has since climbed down from that estimate, the source said, having reduced them gradually to 116 barrels a day and then to 105 barrels a day last year.
"The 120 million figure always was nonsense but even today's number is much higher than can be justified and the IEA knows this," the source told the Guardian. The source said further that those within the organization believe 105 million barrels a day is unrealistic and that maintaining them even at levels of 90 million to 95 million barrels a day was impossible. Such pessimistic estimates have been kept under wraps for fear of spooking world financial markets.
Another anonymous source, one no longer with the IEA, is quoted by the newspaper to say that the organization viewed it as "imperative not to anger the Americans," regardless of whether there wasn't as much oil in the world as had been stated. "We have [already] entered the 'peak oil' zone. I think that the situation is really bad," the source said.
In its report Tuesday, the IEA warned that the recent worldwide economic crisis has led to a dangerous drop in energy investment, possibly thwarting recovery. It noted that investment in oil and natural-gas infrastructure in the U.S. slipped 19% last year to $90 million. That decline could constrain future supplies of electricity and oil and "undermine the sustainability of the economic recovery."
When it comes to natural gas, however, the IEA warned of a far different problem. Ongoing exploration in previously untapped shale fields will likely lead to a glut that will last until 2015.
The IEA's report comes a month ahead of next month's United Nation's Climate Change conference in Copenhagen, where world leaders will meet to discuss measures to reduce carbon emissions.
Thanks Mark for the up to date info. You are the "DDDD" M A N on this board with your wealth of sources. Thanks again. It sure calms my nerves and should others for that fact.
Thanks for this post. This one post tells me more than anything else posted. People need to "do the math" like you said. Again thank you for all you do for this board. Pay attention posters. GLTYA
Bob
What a funny post. It brightened my day. lol Still laughing.
Great post.
Very much appreciated. Thanks Mark for all that you do.
Hearing chatter that some news will be release on Wednesday (tommorrow). Can't confirm at this point but source has been good in the past. Will keep you'll informed if I hear anything different. Tommorrow will speak for itself.
D
Ditto also.
Also heard the same thing on CNBC. Sounds like good news to me.
THANKS MARK!Its always great to read any of your posts. You have made my day and probably a lot of others on this board. Fantastic News. Thanks again.
Danny
retep0517---I agree with your analysis. Not only would I not want to have my all my shares of ERHE for tne next 2 to 3 weeks but if those who are having problems getting in on the lows then they are really going to have a hard time trying to catch this stock going up on PR or good news. I feel it will climb faster than some can catch. All of course in MHO.
O Papa O
Yankee Mike I enjoy reading your posts. I agree with yours and Ruby 1100 perspective about this stock. It good to read a upbeat and positive view without a negative bite. Have been reading all posts for many months. Keep up the great informative posts. Of course all IMO
O Papa O