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I would have hoped for something more. We knew they were working hard to get block 2 ready. If not signed now it would have been ready by next week. I guess we can't get too greedy.
-ach
Did we find out what Meridian's pleasant surprise was? I can't seem to find anything that would allude to this in what occurred yesterday.
-ach
When are we going to release a PR? I still don't see one on our website.
-ach
Just got back from a meeting. All I can do is provide a celebratory scream!! Ladies and gentleman. I give you the rallymonkey.
http://www.rallymonkey.com/video/kenindex.swf
He is going to be polishing off several fifths over the next few days. So let him out of the cage. The STPers were unable to cook him up and eat him for dinner!
-ach
All you have to do is watch the volume and the price. That should tell you.
The suspense is killing me. I woke up today and I told my wife I'm so nervous I'm going to be sick. She said, is it because I'm due to have the baby anyday now? I said no, I'm worried about block 3 and 4.
-ach
Just wanted to wish everyone good luck tomorrow. Hopefully the full moon Tuesday night will not have an impact and we finally get what we have been waiting for.
-ach
Knock...knock...knock
Oh hello
http://www.rallymonkey.com/video/kenindex.swf
what? Your wife kicked you out of the house because of your drinking problem? I guess you can stay here at the erhc board for a while. After all, we do have some celebrating lined up.
-ach
Alsoer,
I thought it was scheduled for 7 PM in Abuja? That would make the deal complete at 1:00 EST.
-ach
Was there any discussion on "Doc's" claims in Joe's recent posting this weekend, or are we considering Doc to be Joe still and ignoring it? Still would like to hear Meridian's take on what was written by Doc about SEO and his clan.
-ach
So much for 90 cents by lunch.
-ach
Oh hello. I didn't see you down there. My that's a lot of alcohol you've brought with you. You must be planning quite a party for the ERHE IH board Mr. Rallymonkey.
http://www.rallymonkey.com/video/kenindex.swf
-ach
It should be named SEO-4
-ach
Meridian,
Walldog just asked a good question regarding Addax's involvement in BLock 2. To expand on that. Why do we even need Addax in block 2? What does Addax give us in block 2 that we wouldn't already have with Sinopec?
Meridian,
Once again thanks. I think we should start referring to you as Yoda.
-ach
Thanks Meridian,
I appreciate the reply. Regarding my other question, did you have any insight on why SEO did not bid with ERHC in the NEEZ? Are there any future potential projects beyond the JDZ and STPEEZ?
-ach
Is that 22% retained out of the 35% we had with partners, or from the entire 65% (35% ERHE & partners + 30% ERHE)?
-ach
Meridian,
I was wondering if you had any insight on why SEO didn't partner with anyone under ERHE for a bid in the NEEZ. Are there any plans in the works currently for ERHE beyond the JDZ and STPEEZ?
-ach
Thanks Mark,
We now enter the dreaded count down. T-minus 8 days. Is Meridian going to reappear this week?
-ach
Could it be that ConOil is not allowed to sell their rights to CVX until after they have signed for the block?
-ach
We've heard Chevron and BP are buzzing around. But oddly enough we have not heard from XOM. Are they just sitting on the sidelines while everyone is jockying for position? I have a hard time believing that.
-ach
My TA advisor says the price will go up. He is offering free advice right now. Click on his link.
http://www.rallymonkey.com/video/kenindex.swf
He works for bananas
-ach
Face it, our Rally Monkey is a party animal that clearly has a drinking problem. We can't stop him, we can only hope to contain him.
-ach
OK. All my orders are complete and now I have my full position. We may now rocket to multiple $$$$.
-ach
just went to .745. I done messing around with tenths of a cent.
ach
Just had a partial fill of 20k at 74. Waiting on the other 10k. Once that gets filled we can let the rally monkey out of his cage.
-ach
I believe Addax will also be included in Block 3. So there still may be more review necessary if we were able to improve our position with Pioneer's departure and the addition of Addax.
-ach
Mark,
Does your contact have a response to Joe Blog's recent claim that Block 2 will not be signed for another 2 months? As usual Joe has presented it in a standard CYA format.
-ach
Vip,
I hold you completely responsible for my holdings. I'm going to roll the dice and hold off at least until the end of the day and probably through the morning tomorrow. We are going to keep the rally monkey in his cage for a little bit, as he is turning into too much of a party animal and I don't want him to become an alcoholic.
-ach
Vip and sahd are pulling me in different directions here about when to pull the trigger. I've got some additional dry powder today to add a pretty substantial amount of shares to my holdings. My initial gut feeling tells me to wait at least another day to see what happens with the price. I'm sure everyone will let me have it for not making the purchase immediately.
-ach
Volume has slowed significantly over the past 30 minutes. Do we have anything left to push use higher without news?
-ach
Ain't that somethin'. The one good thing about the Duke Energy Building is that they made their pop machines 25 cents a can for their employees.
-ach
Fish,
Once we hit it big we'll have to move to a new location. Maybe the entire Transco Building. Where on Westheimer is their office currently? I spent some time working at the Duke Energy headquarters. The Galleria is a great place.
-ach
It sure looks good to have that logo right at the top of the upstream page. I can't wait to see it on golf balls, umbrellas and swiss army knives.
-ach
All references to the rally monkey must maintain the applicable link for the full effect. Put it in your favorites!LOL
-ach
Here Mr. rallymonkey, we've got some more bananas
There you are!
http://www.rallymonkey.com/video/kenindex.swf
What's another 2 weeks, right? Although I think that we've all been saying that for a longgggggggg time now. This time WILL be different.
P.S. if we could just float around this price for a couple more days, i'd appreciate it, on wednesday I'm doubling my shares.
-ach
Nigeria blasts Sao Tome after failed oil signing
February 24, 2006 15:40:35 (ET)
ABUJA, Feb 24 (Reuters) - Nigeria's Minister of State for Petroleum Edmund Daukoru called Sao Tome a bad business partner on Friday after the African countries failed to sign a long-awaited production sharing contract with oil companies.
Nigeria, Africa's top oil producer, and the tiny twin island nation of Sao Tome and Principe, which has not yet started producing petroleum, have a joint development zone in Gulf of Guinea waters, one of the world's oil exploration hotspots.
"This is very, very embarrassing ... It is not good. It does not send the right signal to the outside world in terms of doing business ... This is not how to do business and Nigeria is not happy about it," Daukoru said after an aborted signing ceremony.
It was not immediately possible to obtain comment from the Sao Tomean authorities, while officials of the Joint Development Authority (JDA), which administers the deepwater area the partners share, declined to comment.
The JDA had been due to sign a production sharing contract for Block 4 with Houston-based ERHC, which is controlled by private Nigerian company Chrome, and its partner Swiss-based energy firm Addax.
Daukoru said the signing fell through at the last minute because the Sao Tomean authorities wanted to further scrutinise the joint operating agreement between ERHC and Addax.
"Whatever the partners do internally is not the business of the state partners (Nigeria and Sao Tome) ... I cannot even quantify the loss in terms of the bad image this has created, even the monetary value," he said.
The block is one of five that were awarded last May after a turbulent five-month delay plagued by disagreements between the countries and accusations of corruption.
The period since the blocks were awarded has been equally turbulent.
The JDA originally said production sharing contracts on all five blocks would be signed in September. But several partners have dropped out of the winning consortia, delaying negotiations.
In addition, more allegations have surfaced that the process of awarding the blocks was tainted by graft, including a critical report by Sao Tome's attorney-general. Daukoru has dismissed that report as internal politics of Sao Tome, which has elections coming up later this year.
As Sao Tome prepares to enter the world of big oil, political tensions have emerged. President Fradique de Menezes survived a coup attempt in 2003 and there have been several high-profile resignations from the government.
Has anyone seen the rally monkey? I've got some bananas.
Here little monkey, come get the bananas
.......rally monkey where are you? AC has some banans for you.
oh there you are.
http://www.rallymonkey.com/video/kenindex.swf
hats off to whoever put the rally monkey up here first. I can't remember who it was, but I keep him in my favorites.
-ach
Fish,
If you take your nephews out for lunch you should take them to Arrrrrrrrrrrrrrrby's.
-ach
You could call the block Of-4