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The only thing that should matters along with the BOD is, the public at large, are you buying?
Selling ends soon!
Drilling starts soon!
NGAR takes 1/3 stake?
Just my opinion
Sneak
Chevron sold it's 25% interest in the Chad properties including it's related interest in the oil pipeline to the Chad government for $1.3 billion back in June of 2014.
Sneak
I would guess that the BOD keeps on buying ERHE.
Just My Opinion.
Sneak
Share Count:
SOE: 329 million Pre-CD. estimated 43%
Pub: 436 million Pre-CD.
Total: 765 Million Pre-CD.
SEO: 43% of new share count or 1.29 billion post CD.
Maybe New Partner: 1 billion shares.
BOD: 130 million shares.
Pub: 436 million assuming nobody sold.
Balance to issue: 144 million.
Just My Opinion.
Sneak
Manti: That beagle has a Good Nose.
New Player may come on board for 1/3 of the company.
JMO, I could be Wrong.
Sneak
No Reverse split coming.
No Naferious moves at play here.
JMO
Sneak
Alot of Humble Pie was eaten today.
Keep up the good work.
Sneak
Salt Domes, HMMMMMMM! JDZ and EEZ.
And the board continues to BUY shares.
As they say in the Game of Chess "Check-Mate."
Sneak
NGAR is the pivot point for ERHE whereby ERHE heads off in a new direction.
Outside of personal Greed, Why does the BOD keep buying shares?
JMO
Sneak
NGAR
Sneak
This is for all the doubting Thomas's of ERHE standing alone on the dock when the ship sets sail over the Horizon.
To all those who feel Betrayed, It is not your fault. This ERHE ship has taken a very long time to sail into the harbor of good fortune and happiness.
We have all been worn down by the long running attacks of the ERHE Team.
The posting message is load and clear.
Dr. J you may not have a Clue, but the powers that be must certainly understand as my riddle got deleted.
Sorry Old Pal.
Have a Great Day!
Sneak
It is rather elementary DR. J, Just try and ponder what may be on the horizon and why the BOD is buying shares.
Sneak
Battle of the Bulge continues on the other side. Negatives views VS Positive view points.
Sneak
A little Insight.
Tony Henshaw, Director
tony@globalexplor.com
An energy sector professional with a geoscience background and an MBA from London Business School. Tony has board level experience for over 17 years, as CEO of a listed company for the last 5 years. Specific
skills in sourcing and closing deals in the upstream oil and gas sector, both in the UK and internationally in North America, Europe, Africa and the Middle and Far East.
In the late seventies Tony was a a Senior Geophysicist with Texaco North sea, moving to ExxonMobil in Houston where he played a leading role in the discovery of the Nam Phong gas field. In 1984 he moved to BP where roles included Chief Development Geophysicist (North Sea) and Deputy General Manager, Abu Dhabi assets. As a Director of Centrica Resources Ltd from 1996, Tony managed the North Sea asset base, then in 2004 became Director Gas Business Development where deals included purchase of Kerr-McGee assets for $560 million. In 2007 Tony became CEO of Exile Resources Inc. dealing in Nigeria, Zambia and Turkey. He built the team, and raised funding for the company which was listed on TSX-V, and taken over by Oando plc in 2012. Since 2013 Tony has been with Henshaw Energy Consulting, specialising in upstream, international and M&A advice.
Sneak
Nice rally of of the day's low! Blessed are those who can not see but still believe in Erhe than those that can see but do not believe.
Seek the reason for the B.O,D. share purchase and you shall find the path to the promised land!
Just thinking out loud.
Sneak
In the spirit of the News Update, for ERHE shareholders, I offer up SteppengWolf.
Using the TSX shell company for a source of investment revenue may lead to a buy-in or buy-out down the road. This comment is surely going to get the Dogs Kennel Barking Again. LOL
JMO, I could be wrong.
Sneak
I continue to buy shares along with countless others and it does not matter one bit what you and numerous other say about ERHE that spin this stock in a Poor Light.
We could wake up one morning after all the cd's are closed out and find a new Partner was added to the ranks of the ERHE shareholders and they control 42% of the company and are on equal footing as SEO in the ERHE family of Investors.
Just thinking out loud again, I could be wrong.
Sneak
Just some wishful thinking on valuations.
JDZ = $1 Billion = 500 million x $2.00 P-50 oil & gas.
EEZ (2 blocks) = $2 Billion = 1 billion x $2.00 P-50 oil & gas.
Chad = $1.39 billion = 278 million X $5.00 P-50 oil & gas.
Kenya = $3.61 billion = 722 million x $5.00 P-50 oil & gas.
$2.66 a share.
JMO, I could be wrong.
Sneak
Nothing happens until the cd's are complete and until all the assets are secured with partners, then this company could be sold prior to drilling.
Just a Hunch.
Sneak
Yes, indeed, rumors are abound. What would anybody be left to do when those in charge give only lip service. However the Transocean info is real and Chevron is buying 5 state of the art drill ship.
Have a great day
Sneak
Dr. J, Transocean has scrapped 7 deep sea drilling rigs an is now building 5 new state of the art drilling ships for Chevron like the one that may be used in the JDZ block 1 second attempt at making the block a winner. With the Saudis keeping oil prices down for sometime to come, this new technology will make smaller hydrocarbon targets more profitable. If the second go at the JDZ goes well, ERHE JDZ blocks will have new life and value.
JMO
Sneak
ZZ Top and "Big Jane" getting the ERHE Longs Fired Up for the Coming Kaboom!.
August .03
Septemnber .045
October .06
November .08
December .10
JMO
Sneak
August
Septemnber .065
October .080
November .095
December .12
Yes , I knew that Tam. I was asking if anyone may have a hunch as to when the new crew of drillers may re-enter OBO-1 or drill another hole in block 1.
Thanks anyway for responding.
Sneak
Tam, do you know when the new players will start drilling obo-1 in the JDZ?
Sneak.
This stock is still flying below the radar.
Sneak
A little JDZ history into the past may bold well for what is to come with the new technology that will be used to make the JDZ Block 1 a reality.
https://www.wikileaks.org/plusd/cables/04LAGOS704_a.html
It is always about the $$$$$$$
Sneak
SHHHHHHH! Let the mushrooms believe what they want to believe, after all, mushrooms do their best in the Dark!
Sneak
This stock is not turning around. The train has left the station.
Sneak
Just some more dots to connect here. Some interesting info about Atlantis Offshore drilling who will be doing the work in JDZ Block 1
ATLANTIS HOLDING NORWAY AS
Atlantis Holdings Norway AS (hereafter referred as “ATLANTIS”) was originally a fully-owned subsidiary of Norway Petroleum Geo-Service ASA(PGS). It mainly dealt with the exploration and production business. In 2003, the company was merged into Sinochem Corporation as a fully-owned subsidiary.
The headquarter of ATLANTIS is located in Dubai of the United Arab Emirates, whose assets includes 11 contract blocks distributed in Tunisia and United Arab Emirates, with the project operation area of 10,000 km².
At present, Oudna offshore oilfield of ATLANTIS, of which Sinochem holds 40% of rights and interests, is located in Tunisia Sea. It was already put into operation in November 2006, with initial daily output of petroleum of 20,000 tons per day. The gas field, of which Sinochem holds 100% of rights and interests, is located in UAQ Sea and under construction. The UAQ offshore gas field started the construction since March 2006 and was put to production in May 2008, starting to supply the gas for RAK GAS.
The Middle East has become a key region for Sinochem Corporation to implement its strategic expansion towards upper stream of petroleum business. On the basis of successfully developing UAQ gas field, ATLANTIS will continually search and develop new oil and gas projects in this region and make efforts to expand the production scale, in order to make breakthroughs in the upper stream of petroleum business and ensure the sustainable, smooth and fast development of the company.
Just Sneaking Around.
Sneak
Seek:
This stock had some rubbery legs late in the day yesterday. Let see if she can run today! :0)
JMO
Sneak
Quiet Day Today!
Sneak