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OT. In the spirit of the Superbowl Weekend,
It doesn't matter if your quarterback is a rock star, your team is only as good as its offensive and defensive line. You've got to play like a team for the team to win.
Have a great weekend
Brez
PS. WDIK I'm Canadian??
OT. Tamtam, let me jump on a plane and I'll join you!
Cheers
Brez
Standby for the shortly to follow article which will probably state;
" ...Sinopec offers infrastructure upgrade to the island in the form of fibre optic cables to homes and free XM satellite radio throughout the island..."!
Cheers
Brez
I guess everyone is doing what I'm doing.....
sitting at home with their Scotch saying to themselves "WTF... over"!
Cheers
Brez
Just for the sake of new guys on this board, let me put up the definition of disinformation again.
Disinformation is false or inaccurate information that is spread deliberately. It is synonymous with and sometimes called Black propaganda. It may include the distribution of forged documents, manuscripts, and photographs, or spreading malicious rumors and fabricated intelligence. Disinformation should not be confused with misinformation, information that is unintentionally false.
In espionage or military intelligence, disinformation is the deliberate spreading of false information to mislead an enemy as to one's position or course of action. In politics, disinformation is the deliberate attempt to deflect voter support of an opponent, disseminating false statements of innuendo based on the candidates vulnerabilities as revealed by opposition research. In both cases, it also includes the distortion of true information in such a way as to render it useless.
Disinformation techniques may also be found in commerce and government, used to try to undermine the position of a competitor. It is an act of deception and blatant false statements to convince someone of an untruth. Cooking-the-books might be considered a disinformation strategy that led to the Sarbanes-Oxley Act.
Unlike traditional propaganda and Big Lie techniques designed to engage emotional support, disinformation is designed to manipulate the audience at the rational level by either discrediting conflicting information or supporting false conclusions.
Another technique of concealing facts, or censorship, is also used if the group can effect such control. When channels of information cannot be completely closed, they can be rendered useless by filling them with disinformation, effectively lowering their signal-to-noise ratio and discrediting the opposition by association with a lot of easily-disproved false claims.
A common disinformation tactic is to mix some truth and observation with false conclusions and lies, or to reveal part of the truth while presenting it as the whole (a limited hangout).
http://en.wikipedia.org/wiki/Disinformation
Lmlt
I believe the target of the comment was not the phanster but rather someone else.
But no worries it's an open board.
Cheers
Brez
Dude,
It's clearly stated as my personal conclusions. Go ahead and read again. Perhaps you should revisit your purpose here?
Homeport,
Although I do enjoy reading your posts, I don't enjoy the "drive by comments" that you make. Could you let it go, please, and just keep on posting your well thought out posts and DD.
respectfully
Brez
Thanks....but your killin' me!!!!!!
So hurry up already I've got new socks on for the occasion.
Cheers
Brez
Longtimer,
We know that ERHE PR Officer and probably board members follow iHub. Therefore if it is important enough for them to follow the board, it is not too far fetch that Adopec would have a bunch of "hired guns" on this board to carry out a "disinformation campaign" in order to achieve there goal. Great story MZ157.
Cheers
Brez
Disinformation is false or inaccurate information that is spread deliberately. It is synonymous with and sometimes called Black propaganda. It may include the distribution of forged documents, manuscripts, and photographs, or spreading malicious rumors and fabricated intelligence. Disinformation should not be confused with misinformation, information that is unintentionally false.
In espionage or military intelligence, disinformation is the deliberate spreading of false information to mislead an enemy as to one's position or course of action. In politics, disinformation is the deliberate attempt to deflect voter support of an opponent, disseminating false statements of innuendo based on the candidates vulnerabilities as revealed by opposition research. In both cases, it also includes the distortion of true information in such a way as to render it useless.
Disinformation techniques may also be found in commerce and government, used to try to undermine the position of a competitor. It is an act of deception and blatant false statements to convince someone of an untruth. Cooking-the-books might be considered a disinformation strategy that led to the Sarbanes-Oxley Act.
Unlike traditional propaganda and Big Lie techniques designed to engage emotional support, disinformation is designed to manipulate the audience at the rational level by either discrediting conflicting information or supporting false conclusions.
Another technique of concealing facts, or censorship, is also used if the group can effect such control. When channels of information cannot be completely closed, they can be rendered useless by filling them with disinformation, effectively lowering their signal-to-noise ratio and discrediting the opposition by association with a lot of easily-disproved false claims.
A common disinformation tactic is to mix some truth and observation with false conclusions and lies, or to reveal part of the truth while presenting it as the whole (a limited hangout).
http://en.wikipedia.org/wiki/Disinformation
OT. TopShelf you've got mail
Cheers
Brez
Tapco1
There's a lot of things that went wrong with Meridian's posting a couple of years ago, but one thing he did call right (other than the red bull and vodka) was the 2/3 to 1/3 split for a free carry. Meaning that ERHE would give up 66.66% and maintain 33.33% for a full carry. I for one would be very happy for this arrangement in the EEZ.
Cheers
Brez
Topshelf,
check your email.
Brez
Agree with an exception on
"Sinopec wants Offor out and want his piece of ERHC (they dont need him)..."
Sinopec may not want or like SEO, but they still need Nigeria. Therefore they will not want to piss off the bankers, politicians or famillies of all the above because they dislike SEO.
These Nigerian entities are probably pressuring Sinopec to come to terms with SEO, because they too, have the internet and are on the Rolls Royce web site choosing the interior colors of their dream cars.
Therefore, as long as SEO is on board so will Nigeria (a good controlling bunch of Nigeria anyway) will be on board. Sinopec will have a "come to Jesus" moment, one way or the other.
We all see the smilling faces, but I believe the on going knife fight in the phone booth is hidden from view.
cheers
Brez
Hey, look on the bright side, if people were waiting for .44 for the double bottow/ W or whatever, now we go it!
So now then, since this significant technical event is out of the way, maybe we can have a good Friday afternoon!
Cheers
Brez
Fishdog,
Thanks for the info, could you let us know to what degree of certainty you believe in this information? And if you have a ROM figure for the amount of oil there?
Thanks in advance
Brez
Thank you Tamtam
Let's hope for a great end to this week!
Cheers
Brez
OT: Tamtam
Could you do a favour for me please and forward, via a PM, my email address to Topshelf?
Thank you very much
Brez
OT. Topshelf,
I don't have PM ability but I will ask tamtam if he can PM you my email address.
Cheers
Brez
Strass,
I know you are correct, but I'm just tired of ours here.
Cheers
Brez
That's why I look forward to moving or co-list on a better exchange. So we can leave these obvious manipulators behind!
Let's go Erhe, the sooner the better!!
Cheers
Brez
Thanks Tamtam,
Cheers
Brez
Tamtam,
I agree there has been a "dedicated constant irrational ranting" or a total "lack of moral fiber" demonstrated by either some buyers with an agenda or some current shareholders.
Either way, the next few weeks/months will settle all of that out and the market will truly price this latest news.
Cheers
Brez
I am amazed that you are continuously hurting your own investment???? I am amazed that you are spurting fictitious doomsday scenarios without a shred of evidence?? I am amazed that you see no positive in this outcome?
All I can say is "Wow.."
Thanks
Brez
Dude,
You are truly living in a "not so" parallel world! If they were to announce a $100 buyout today, you would still find issues with that!
Sit back, relax, step away from the computer and try posting again tomorrow.
Frigg man!
Brez
JC,
I have the same concerns. My thoughts on this is that they will probably have a dual listing , AIM/OTCB. The SP will climb in tandem. The good news is that being listed on the AIM, the SP in UK will climb as our assets will be more easily recognized there. This will force our SP on the OTCB to climb. If it doesn't then everyone would jump on the OTCB to buy the cheaper value of the same stock, therefore it will then climb.
Pretty much what AXC did with its TSE/AIM dual listing.
That's what I think anyway, but does not mean that I am correct. Appreciate any thoughts from anyone (almost anyone, bashers need not apply) on this.
Cheers
Brez
Tamtam,
I believe that ERHE management is continuing with Plan A, unless Plan B suddenly seems more appealing!
This is a great strategy! We cannot wait forever for a potential buyout. We continue with our company growth strategy, which now includes AIM listing, any potential suitor will be force to realize that ERHE will only get more expansive as time goes on. Therefore, ERHE management is forcing their hand, or it will simply continue to do what is right for the company!
Cheers
Brez
PS. Had a great "golden dragon" Belgian beer yesterday, it was fantastic! Too bad I was driving, I had to stop at one!
Thanks Dan, and great news!
Brez
Longtimer,
Thank you very much! This is recent indeed!
very good, imo, very very good.
thanks
Brez
Dude,
We get your drift, you don't have to post continuously to hammer it in. The SP will do what it wants when it wants when the cards are revealed. If you're desperately trying to get in to this stock cheap, just put in a buy for 5000 shares per day and you'll have plenty for your needs without the constant hammering at your point to try to lower the SP. This just clutters this board.
Brez
To the board,
When were these jobs on Addax Nigeria site first noticed? Did anyone actively monitor the job search area and these just finally popped up? Or were they always there and someone finally fell upon them?
Cheers
Brez
LMLT
Congratulations! I wish you and your spouse many many years of happiness together.
Cheers
Brez
Homeport,
Please feel free to remind me of anything personally, as I have alway and still enjoy your posts.
I don't fully follow the " ... to gave been broken with the phantom team withdrawing to the sidelines..." but I'll take it as a good jab!
I did receive a few PMs concerning a questions/comment that I posed earlier on to Oily. I do feel though, that I have fully earned my right to free speech. Although the end objective may not be apparent to some, this fact does not nullify that right.
Cheers and respectfully yours
Brez
Oily,
Is "Big day for ERHE 20100107!" posted as your quote, mean July 1st or tomorrow (jan 7th)?
Cheers
Brez
Retep,
Many posts have shown how the turn around point has been December in this stocks SP. Starting mid-Jan all the way to April we are looking at a gradual (maybe even sudden) climb to beyond the previous highs.
I for one, am very encouraged that we stayed above the 50 cents levels during sell off seasons for all those that got averages higher than that. This level is the highest in years (I discount last year since it was a freak economic year!), this tells me that we are in for a good ride! Good luck to your friends, buying is easy, but accumulating a large position is difficult without jarring up the SP.
Cheers
Brez
Good Morning Tapco1, thanks Tamtam for forwarding me the post I have been on the road with limited time to spend on the board.
Tapco
Tamtam forward me you post because the spreadsheet and text from Tamtam's posts are mine. At the time of the posting I was on the road and could not post properly my spreadsheet therefore I forward it to tamtam via email for him to post for me.
The values (4.5-12) are net worth values after you remove all taxes, royalties, costs etc. They are not based on any actual current barrel of oil valuation ($60-140). The reason why it is difficult to do that is because, most royalties and taxes are on a varying scale with the price of oil and the production (actual formula is on the JDA website). Therefore if a bb or oil increases from $50 to $100 the profit may not double due to increase brackets in taxes and royalties etc.
The range of $ net worth were taken from previous deals of acquisitions where the companies themselves did the math for us and gave the value to the seller. Therefore I use those numbers as a rough order of magnitude. For example when Akpo was bought, the value for the proven and unproven oil was pegged at $4.5 per barrel. This was back when oil was $50 per barrel. But again due to varying scales of royalties/taxes etc, when oil will be $100 it does not mean that the AKPO equivalent should be at $9 per barrel. An example of this is what is happening with the latest Iraq oil fields, no matter how high the production or cost of oil goes, the developers will only get in the neighborhood of $2 (or so) per barrel!
The range of values was to demonstrate that the once oil is proven a higher value of net worth, such as $10 or $12 will yield a much (quantified) SP value. The intent was for investors in ERHE to see how quickly the SP can increase beyond the current valuation once oil is found and proven.
Also it allows the reader to see that block 2,3 and 4 is only a small part of our portfolio. Finding NSAI results in these 3 blocks alone will get us over the $3 PPS. The rest of the ERHE's portfolio will get us much higher.
Cheers to both of you and Happy New Year to all.
Brez
Thks RKT
Cheers
Brez
Thanks RKT,
But now that you have sparked my interest! Is it a guess/hunch or you heard it through a grape vine?
Cheers and Happy New Year!
Brez
Chris,
We all have been loaded to the gills (400K+ for me) for years. We are just waiting for the unveiling!
Merry Christmas to you and your family
Brez