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.
Nobody can be that "Obtuse" to the facts as you are claiming.
ERHE could get $100 million for her "Entire EEZ, JDZ and the Two Nigerian Deepwater Portfolio of Assets".
The Two Nigerian Deepwater Assets sold for $100 million several years back.
So, Total Fina must have liked what they have seen from existing Seimic Data in the area and thus have Carved Out a Dominant Position in the Area that is Second to None!
ERHE is being towed along in Totals Wake.
Total could become the main operator in the JDZ and EEZ. Look at it. Circle JDZ blocks 2, 3,4,5,6,7,8,9 and 11 along with EEZ Blocks 1,2 and 4.
All these blocks are connected in One of the most Massive Hydrocarbon Assets in the area!!
This position reminds me of M.C. Hammer when comparing this Massive Asset to Kosmos EEZ Assets, "Kosmos, can't Touch this"!!
Please conduct your own research in case I am Mistaken.
Sneak-attack
EZ, Total Fina got EEZ block 1 a few month ago. Thanks for posting as we can see Total get 55% of EEZ block 1, Sonangol gets 30% of EEZ block 1 and Sao Tome get the balance of 15% free carry in EEZ block 1.
Total Fina seems to have run the board on Kosmos's request to secure the Lion's share of Deepwater Hydrocarbon Assets in the Region in and around the Islands of Sao Tome & Principe as well as the JDZ.
Total Fina could have just encapsulated the ever Elusive "RIVER OF OIL" IN the Region.
One thing that seem sure is the Farm-in partner for Total Fina and that is Sonangol.
It will be interesting to see how much ERHE got for EEZ block 4. Peter talked about selling off the entire Deepwater Portfolio of Hydrocarbon Assets, which may also include the (2) Nigerian Deepwater Assets as well.
Could $100 million be the Right Price?
How much Oil and Natural Gas exist in the 80 marginal properties that the Nigerian Government wants to sell off for $100 Million?
Hmmmm. Just Some Food for Thought.
Back to your original thought of Total Fina getting back into JDZ block 1 with 150 million barrels of proven Hydrocarbons and maybe ERG getting a piece of that discovery is very interesting indeed!
Please conduct your own research in case I am Mistaken.
Sneak-attack
The "Obtuse" one's are surely Clueless.
Inflation is starting to take shape in this economy.
International Trade Deals could be signed before years out.
Oil could hit $120.00 a barrel in 4 years.
Oil reserves could be worth $40.00 to $50.00 a barrel.
All this is possible when Total Fina discovers the "Mother Load" in ERHE'S and Totals blocks!!
Please conduct your own research in case I am Mistaken
Sneak-attack
All you need to know is the MOU with Starcrest Energy!!
Looks like the "Short Sellers" are being Out-Flanked by the Circle of Trust!!
Please conduct your own research in case I am Mistaken
Sneak-attack
"MOU" with Starcrest Energy!!!
Please conduct your own research in case I am Mistaken.
Sneak-attack
The MOU between Starcrest Energy and ERHE involving OML-40 will be the launching pad of things to come for ERHE and its Investors Operating within Nigerian Territory.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Chevron buys Anadarko for $33 billion in a cash and stock swap or $22.40 a barrel of Proven oil and gas (boe) reserves of 1.473 Billion barrels.
Chevron also assumes $15 Billion in Anadarko debt.
Exxon may be looking at acquisitions as well.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Krom, their Ship is already Listing Badly!
It will not be long for those on that listing ship full of short stock sellers to slip under the waves.
Please conduct your own research in case I am Mistaken
Sneak-attack
Wells Fargo also would not allow trading in ERHE as they also claimed share delivery problems.
The Blackstone Group was involved as well.
Could this Blackstone Group be the same fund that backs Kosmos?
The S.E.C. needs to look into the "Naked Short" selling of ERHE.
Please conduct your own research in case I am Mistaken.
Sneak-attack
During the convertible debt, TD Ameritrade stop excepting trades in ERHE as the shares could not be issued to clients who purchased ERHE due to failure to deliver the shares purchased.
The only one reason this happens (failure to deliver the stock) is because of Naked Short Selling as the shares were not purchased first before being shorted.
Morgan Stanley just got accused by LYFT of allowing client to engage in Naked Short Selling of Lyft. Morgan Stanley has denied the charges.
Naked Short Selling is a Cancer on All Equities, So please do not pretend that this selfish evil tactic does not take place, especially in the OTC Market!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Could Nigerian Starcrest Energy pick up the 55% share of OML-40 that the Nigerian Government Controls for "X" compensation?
Starcrest could control 80% of OML-40.
Could ERHE purchase 30% of OML-40 from Starcrest with the proceeds from Total Fina for EEZ block 4?
OML-40 produces about $657 million a year in gross revenue. The Nigerian Government receives about $133 million for it 55% after also receiving about $328 milion in taxes on OML-40.
ERHE could receive about $98 million in yearly revenue with 30% share of OML-40.
STARCREST ENERGY could load up ERHE with other Marginal Oil Field Assets going forward in Nigeria.
ERHE, Operating on SEO'S HOME TRUF COULD BE UNSTOPPABLE!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Some keep complaining about ERHE having 9 lives like a Cat.
ERHE is not Fortuitous in maintaining an existence in the JDZ and the EEZ as The CEO alonh with his management team has maneuvered through some of the toughest business environment that most companies could not endure.
ERHE shareholders should be focusing on the next leg up for ERHE in the month to come with TOTAL as a partner in EEZ block 4 and possibly in the JDZ as well.
The two Nigerian deepwater block may also be in play as well as Several Marginal Nigerian Onshore Hydrocarbon properties with a Hydrocarbon Revenue Stream.
Let us all focus on the next chapter in this Great American Corporate Comeback Story of the decade.
Money from the sale of deepwater properties.
Purchase a % of Revenue producing properties with in Nigeria.
Possible AIM'S Listing on the London market.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Krom is spot on in his review of the Harris County Court brief from October 2018.
I only had two years of Business Law in College and in no way does that remotely qualify me as a Lawyer, but when I read that brief, I could not believe what I was reading, Peter's admitting to a breach of confidentiality in its block 4 contract with Kosmos.
Yet when I finished, I thought my thoughts were just bias and in favor of ERHE as the contract was signed by ERHE-BVI!
In any event, I have always defended Peter as he has shown the ability to maneuver ERHE past numerous Legal Mine Fields since taking over the Helm of ERHE.
Please conduct your own research in case I am Mistaken.
Once again, Hats off to Peter and his Management Team!!
Sneak-attack
The Nigerian Government is looking to sell off part or all of its production interest in some onshore and offshore Hydrocarbon Assets.
This Nigerian Government action in and of itself is big news for small and mid-size exploration companies that are looking for some opportunities in the Hydrocarbon Oil Patch.
Who knows, maybe ERHE can buy a percentage of some producing hydrocarbon assets in Nigerian Territory.
Please conduct your own research in case I am Mistaken.
Sneak-attack
$99.00 a share? What a Fairy Tale Fable being sold as Truth.
On the day ERHE conducted a 100 to 1 Reverse Share Split, ERHE was selling for .0005 and agter the 100 to 1 Reverse Split was complete, the share price was .05 cents a share.
Some here would have you believe that the day of the 100 to 1 Reverse Split ERHE was selling for .99 cents a share which is mot so.
ERHE reached an interest trading high of .96 a share sevetal years before the 100 to 1 Reverse Split took place.
ERHE had about 742 million shares outstanding when it reached that interest high or about $713 million dollar market cap.
Once the drilling results proved non- Commercial, well investors started selling off long before it was official and many years before the 100 to 1 Reverse Split took place.
In fact, ERHE had about a $90.00 million dollar market cap prior to any announced 100 to 1 Reverse Split.
So to insinuate that investors lost $712,500,000 million in ERHE in a very short time span is just flat out wrong and those pushing that narrative know it and so does every investor who is still holding shares.
So, Please conduct your own research in case I am Mistaken.
Sneak-attack
The "Circle of Trust" will not be persuaded to give up the fight to see our shares gain in value and notoriety here and around the investment community reguardless of how much negative rhetoric get lodged against ERHE, Its Management Team, Hydrocarbon Exploration Partners and Fake Legal cases get filed against it.
Total Fina is with out a doubt the Largest Stakeholder in the JDZ and may become the Largest Stakeholder in the EEZ as well.
Oil Pools in the Deepest Offshore Geological Stuctures and Total Fina has the Lions Share of the Deepest Offshore Hydrocarbon Properties in the JDZ and around Sao Tome.
Time is on the side for those within the "Circle of Trust".
Please conduct your own research in case I am Mistaken.
Sneak-attack
ERHE shareholders have a chance of Monetizing their shares as TOTAL FINA takes charge in the EEZ and JDZ Exploration Zones with ERHE'S Deepwater Assets in Tow!!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Their are currently 10 JDZ blocks under assignment with IOC for exploration.
Total Fina could control 43.5% of the Hydrocarbons located within the JDZ if they intend to purchase the entire JDZ Deepwater Hydrocarbon Rights from ERHE.
Who knows, maybe they already have or have the rights to do so if the 3-D seismic data for JDZ block 7, 8 and 11 pan out.
Total's 43.5% of the JDZ is certainly Massive in and of itself.
Combine EEZ block 1 and 4 with the JDZ rights and Total could be sitting on one of the Largest Hydrocarbon Holding in the Area!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Investors are still nibbling on the Apple!
If oil hold that $60.00 plus price thru the summer, oil reserves could be valued at $20.00 a barrel.
Total is Full Speed Ahead in Exploration Activities within the EEZ and the JDZ!!!
Please conduct your own research in case I am Mistaken
Sneak-attack
Nobody ever said that SEO would be buying shares at .01 a share.
It was proposed that ERHE may buy back shares in the open market at may be .01 a share as a way of repaying Starcrest Energy by exchanging repurchased shares for any possible financial help that ERHE may have received from the MOU with STARCREST ENERGY.
There you have it, the facts about the False Rumor concerning SEO buying back shares in ERHE.
Did Kosmos file their brief with the Harris County Court yesterday or did the case against ERHE get dismissed?
Please conduct your own research in case I am Mistaken.
Sneak-attack
Who ever purchases ERHE'S entire Deepwater Assets could end up with ERHE'S 5% Free Carry in EEZ block 4 and exercise One of the Two 15% Working Intetest in any block within the EEZ not already under a PSC.
This company could get 20% of EEZ block 4 and a average of 24% across Six of the JDZ as well as a sizable intetest in Two Nigerian Deepwater Blocks not to mention that ERHE'S JDZ Deepwater blocks Shadows Total Fina's JDZ and EEZ blocks.
How much could that be worth? Maybe $100 million to $300 million.
Who really knows?
Just Some Food for Thought!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Market Makers Pencil Whipping the Public Again.
Please conduct your own research in case I am Mistaken
Sneak-attack
Kosmos 18% farm-in sell off of the Giant 15 Trillion Cubic Feet of Gas is the equivalence of 450 million Barrels of Oil.
Kosmos would like to get between $2.22 and $3.33 a barrel of oil equivalence.
EEZ block 4 may contain 1.428 Billion barrels of P50 if Kosmos standard 35% stake in the block is used as an estimate with Kosmos evaluating each barrel at $1.00 thier cut.
Just some Food for Thought.
Please conduct your own research incase I am Mistaken
Sneak-attack
Kosmos looks to raise between $1 billion to $1.5 billion for selling of 18 basis points of thier 28 basis points stake in the Giant 15 Trillion Cubic foot gas field.
The reason given was to reduce the exploration cost going forward.
Although TOTAL wanted 60% of that field back in 2016, it is not likely TOTAL would seek that fram-in deal as TOTAL and Kosmos are engaged in a bitter legal battle for EEZ block 4.
Please conduct your own research in case I am Mistaken
Sneak-attack
Kosmos has a very aggressive expansion business model whereby they seem to rely on acquiring World Class Hydrocarbon Leases and selling Farm-in interest to very large and experienced exploration partners.
Kosmos's share price continues to tank as thier operational losses from on going operations continues to widen. Kosmos has sold $600.00 million in a new bond issue to payoff the maturing bonds and finance thier current and expanding operations. Maybe losing EEZ block 4 seems to have been the straw that broke the camel's back.
In my opinion, Kosmos need to secure EEZ block 4 in order to raise capital by selling a fram-in interest to most likely BP.
Kosmos current share price is quickly approaching the 50 day moving average and when it closes below that level, it could test the 52 week low of $3.53
Kosmos has about 298 million shares outstanding and Hedge funds have shorted 31 million shares of this stock.
Kosmos has a 28% stake in the 15 trillion cubic foot gaint gas field and looks to sell off part of thier remaining 28%.
Kosmos 28% is equivalent to about 700 million barrels of oil. This Gas Field is scheduled to come online in 2022 with a 2.5 million tons of annual gas product with future development topping out at 10 million tons a year.
I do not believe that TOTAL will exchange EEZ block 4 with Kosmos for entry into the Gaint Gas Field they once wanted into and I do not believe Kosmos wants the exchange any part of thier 28% stake as they need the Cash generated by selling off addition rights in that block.
However, Kosmos could use the farm-in revenue to buy into EEZ block 4 from TOTAL or maybe buy the balance of ERHE'S Deepwater Assets if Total Has not done so already.
In any event, it looks like Kosmos will be having some financial trouble going forward short term as the the market may also believe the same via the shorting of over 10% of Kosmos outstanding stock.
Please conduct your own research in case I am Mistaken.
Going forward, issues surrounding ERHE and her Deepwater Hydrocarbon Assets could get very interesting.
Sneak-attack
Manuel, maybe you should read the post again. I never said ERHE had purchased 50% of yesterday's trading.
"Do your own "DD" why you have to be joking, as I am quite sure you jest. I have been with ERHE for 20 years and I have never left this board or the defence of ERHE'S Assets through the good times and the bad times.
However, I was referring to how ERHE might pay back Starcrest for any money that they may have been lending to ERHE in order to stay afloat.
Maybe that info is stated in the MOU with Starcrest.
It was reported that ERHE was interested in financing their legal fees with and outside concern. How was ERHE going to pay back the financing? Cash from the sale of EEZ block 4 or maybe as in past dealings by issuing shares.
Who stand to gain the most from getting paid in shares?
ERHE can not issue shares unless they buy back share as they only have about 120 million left to issue if the outstanding share count is correct.
In any event, those in the "Circle of Trust" like myself have a somewhat beter understand of what maybe going on behind the scene via several paid news subscription service publications that cover the Hydrocarbon Industry.
Please conduct your own research in case I am Mistaken.
Just some Food for Thought! I know who purchased 42% of yesterday's shares!
Have a Great Weekend.
Sneak-attack
Interesting Events have been unfolding before are EYE'S within the EEZ and the JDZ with TOTAL.
TOTAL continues to Rake in the Hydrocarbon Assets in the Region.
It is no secret that ERHE has been trying to divest itself from her Deepwater Hydrocarbon Assets and possibly retain a small 5% for herself.
It looks like Starcrest continues to provide funding for ERHE'S Legal fight and ongoing Operations.
Could ERHE be buying back 50% of the shares outstanding and exchange them for the Starcrest Loan if one does exist though the MOU with Starcrest.
Just some Food for thought!!
Somebody is buying shares today.
Please conduct your own research in case I am Mistaken
Sneak-attack
Hats off for King's find where Total Fina signed a PCS with the JDZ officials to explore for hydrocarbons in blocks 7, 8 and 11.
Maybe, now we may know why Exxon was turned down in its request to be the operator of JDZ block 2 with a minority stake in the block.
Thanks King.
Please conduct your own research in case I am Mistaken
Sneak-attack
We are talking about "Shorting Shares" that sell for $1.00 or less on Any market that the S.E.C. regulates!
I can not remember reading anywhere in the S.E.C. regulation that waves the $2.50 a share deposit fee per share when shorting shares that sell for $1.00 or less "Electronically".
Maybe you could show us that exemption as it sounds like you have violated that S.E.C. regulation in the past.
Please Govern yourself Accordingly.
Just Food for Thought!
Please conduct your own research in case I am Mistaken
Sneak-attack
I wonder if those crazy market makers are posting a $2.50 per share security deposit for every share they shorted below $1.00 in market value?
Short
Selling
Charlie
The S.E.C. would like to Know!!
Please Govern yourselves Accordingly!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Only "Shorting of ERHE Shares" is by the Market Makers who handler trades in ERHE.
Their Short Position will not show up on Any FIND A report as the Market Makers are the only entity that can Legally conduct "Naked Short Selling" in order to create a market for the stock.
Market Makers only run a foul of S.E.C. regulations when they do not cover there position in 3 days.
Could EEZ drilling start by July 2019?
Hmmmm.
Please conduct your own research in case I am Mistaken
Sneak-attack
Could the Hydrocarbons in EEZ block 4 be on Par with the ANWR Hydrocarbon Reserves in Alaska?
Just Some Food For Thought!
Please conduct your own research in case I am Mistaken.
Sneak-attack
China could be interested in building a new shipping and possibly a military hub in West Africa.
China is in Advanced talks with Sao Tome officials in expanding and building a new multi-purpose deepwater port as well as expanding the airport, roads and electrical grid. The total package could be worth $1.3 billion (U.S.).
Please conduct your own research in case I am Mistaken.
Sneak-attack
One thing is for sure about the AEI Article and that is the "Article" was not that very Positive to though who hold Short Positions!
Total is on the Move!!
Ca-Ching! Ca-Ching!
Please conduct your own research in case I am Mistaken.
Sneak-attack
Absolutely Fake the reports of $90 share price.
The Facts are as Stated ERHE sold for .001 before the 100 to 1 Reverse Split.
The .90 cent Stock high was back in 2009 and the stock low was .001 January of 2015, which was 6 years before the 100 to 1 Reverse Split.
The $90.00 a share price is a Total Fabrication of the Mind. Why not use the $6.92 stock high from 1990 and them claim the stock sold for $692.00 what a laugh!
Spin it any way you want, the All that Past Info is just that Water Under the Bridge.
I find it very interesting how the Bad Press Never Ends.
Well Total's deal with ERHE may end the "Fake Press News Blitz"!
Please conduct your own research in case I am Mistaken.
Sneak-attack
The Biggest "Fake" Story Lines going around is ERHE sold for $90.00 a share at one time by claiming the 100 to 1 Reverse Split reflex this Falsehood.
ERHE sold for $6.52 back in the day when the Bass family own the Company and a little over 2.2 million share were outstanding, this is a FACT.
ERHE sold for $1.00 a share back in 2006 when 742 million shares were outstanding. Fact
ERHE sold for .90 a share back in 2009 with about 746 million shares outstanding and the market cap was about $671 million. Fact
When the drilling results proved less than Stellar, the stock sold off and by the time the 100 to 1 Reverse Split could take place in January 15 2016, ERHE was selling for about .001 and after the split ERHE was selling for .10 cent a share with a $3 million market capitalization, thus $668 million in market capitalization had disappeared long before the 100 to 1 Reverse Split could take place. As investors left in large numbers, so did the their money. Fact
So one can see that management is not entirely to blame, but very poor drilling results by a Deepwater Green Horn named SNP.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Looks like somebody is Trying Very Hard to Shake Loose Some Shares from Weak Hands!
All I Can Say Is Poor Fellow, Better Luck Next Time!
Thanks for the Update John.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Who is buying the balance of ERHE'S deepwater hydrocarbon assets?
(2) 15% paid interest in future EEZ Blocks.
(6) JDZ blocks with a combined 140% interest.
(2) Nigerian Deepwater blocks with a combined 150% interest.
Will ERHE retain a 5% free carry working interest in these blocks?
Please conduct your own research in case I am Mistaken.
Sneak-attack
.0003 are gone. 54 million plus available at .0004
Have a wonderful day
Please conduct your own research in case I am Mistaken
Sneak-attack
It would seem that ERHE has a Slight Life Sustaining Revenue Stream via the MOU with Starcrest Energy!
Could ERHE have purchased unsold shares from those that held them as collateral and could not convert at such low prices?
Could ERHE have Exchanged these non convertible shares with Starcrest for Debt Repayment to Starcrest?
Did CESPA give ERHE a "Free Carry" in block 11A?
Please conduct your own research in case I am Mistaken.
Giddy Up!!
$neak-attack