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INDEED !!
It’s expected crude oil prices to continue to rise. Post Covid, possibly a hefty rise.
Become acquainted with all of our blocks, especially the commercial probability.
Add these numbers.
IE:
Conservatively gross total expected is 2-3 billion barrels. Do the math.
I think 300-500 million plus percentages ranging from 10-35% on total find. Depending on which block. As commerciality rises so do our take.
Some believe expected gross crude for all our blocks could approach 6-8 billion barrels.
Does anyone believe Total, Kosmos, Shell or ExxonMobil would hang around for less????
Redo your shallow DD.
YOU THINK known longs would hang around for less???
You failed to mention one very (most) important fact:
We have Block ownership in highly anticipated and promising areas of West Africa along with multiple International oil companies.
Value?? Upwards to $8.00 per share.
Now,
If we can drill Block 4.....I’m Happy !
Go ERHC——-
2020 SEO’s net worth:
https://naijaquest.com/sir-emeka-offor-net-worth/
Very interesting.....
Thanks Krombacher...
GO ERHC..............
"8's"......onward and UPWARD !!!!
Sounds like a great buying opportunity?
Was there another “investigation “ that you’re concerned about???
Here’s the results of the investigation:
It’ll be TOTAL and ERHC....
Kosmos pleading
Absence of filing due to GAG restrictions.
We’re still in business and have “a few” shares available.
Interested??
old news..........
You posted ....why?
Link please for ERHC being investigated.......
More BULLS--T
I don't see any downside...It would especially be important coming from the Major shareholder, Krombacher. It would be possible to expand to include other major stakeholders too....
We're NOT asking for anything more than an acknowledgement we're alive and in a holding pattern or????
SIMPLE????? YES !!!!!
Go ERHC____________
"I understand your reluctance to contact ERHC directly but maybe there can be a way to encourage some announcement....For example:
Hey Pete, Its Krombacher and major shareholder for your company..ERHC. I am not calling for any inside information from you but am calling to encourage you to publish "Something" that all shareholders know the company is still alive and pursuing existing deals with Total and / or Kosmos. This doesn't have to violate any Nondisclosure agreements with existing companies. Anything would be appreciated."
Bye Pete !!
Maybe we should give CEPSA a call and see if they would like to drill block 4 plus our JDZ blocks?
I remember how quickly they came into Kenya's Block 11A..
And guess what..........We got a 35% carry !!
This 10 cents and a 5% carry is TOTAL BULLS--T
Sad, but your math is wrong.
Probably why we seem to be “paused”
https://markets.businessinsider.com/commodities/oil-price
See annual comparisons
How do you spell G-A-G ???
Hmmm? Rehashed 100 times.
Sorry but ERHC is a US Corp. governed by all C Corp laws.
Everyone knows that !!!
You may be right on LMLT !!
SEO AND MGMT Definitely can be trusted and should be. If you don’t have trust you shouldn’t be here.
Go ERHC—-
Agreed !!
That certainly is a well understood action for US based businesses...I doubt that certainty applies to other businesses around the world..
IE: Chinese and maybe even some African Businessmen...JMO.
Many take the longer viewpoint.......
I certainly agree with most of what you are saying. I'm also interested in this quote:
"Shareholders are not stuck. The name of the game has always been for erhc to monetize its assets through partnering with large oil companies with an eventual buy out. It makes no difference whether the company is public or private."
We agree that ERHC's assets have great value. I'm wondering why they would sell out? Instead of taking they're cash and continuing to roll in to other properties. SEO is a celebrated businessman, especially well know in Africa. I also think local politics would help ERHC acquiring more/better blocks to continue to operate.
You think buy out? Why?
Monday ERHC May be back in the Pinks.
Soon AIMS. ? We’ve endured and survived all the Short Negativity.
And how does that explain Kosmos 500 million dollar lawsuit and Total’s wanting block 4.
Naysayers out there ???
Maybe ERHC fought the Kosmos lawsuit because they (ERHC) thought Kosmos had overvalued block 4??
Hmmm???
Maybe Peter should give you a call for direction on a path forward ?
We need all the help we can get.
I know you are out of posts but when you're back consider:
Though block 11A in Kenya had a smaller projection than that of our block 4. We negotiated a 35% carry on block 11A. Had CESPA hit commercial oil find there, ERHC and shareholders would have been richly rewarded.
So if Block 4 could be considered more prolific than 11A, why would Peter (SEO) want a measly 100. million plus 5%? Just doesn't make sense to me at all.
A more likely deal would be $300. million plus 25-35% carry. Tell me why or why not?
This higher return on block 4 would put ERHC in the CASH drivers seat to maybe be an operator in some of the JDZ blocks OR...?
I doubt SEO is likely to do a giveaway on any of ERHC blocks..He's an experienced businessman with proven successes and , After all , ERHC is his step-child that puts his reputation on the line.
Just my opinion. I'd like to see ERHC prosper and have a continued business life in the oil patch.
Shorts covering...doncha think?
GO ERHC__
The sub-penny share price is last on everyones list....WE all know where the share price will go upon ANY news from MGMT.
The activity and persistence on ERHC has to do with one thing....ASSETS.....PERIOD.
Amen to that LMLT
Longs AREN"T selling my friend....
Shorts are frantic.....PERIOD !
I still agree with OPUS, any small crumb would be appreciated ......
GO ERHC___________
There is nothing in your post that I disagree with, you speak for me !!!
Thanks Opus X
kingpindg
My spreading that "Bullshit" acknowledgement of Peters Committee was unintentional ....
Thanks for the correction !!!!!
GEE....THANKS kingpindg.......
Indeed....
How could our CEO be on such a prestigious committee if we were going south?
'CUS we ain't !!!!
Our New committee has met for first time....OUR CEO has gained a lot of status:
New post on oilnewsafrica
US-Africa Energy Committee Makes Capital Markets Access its Priority
by OilNews
The US-Africa Committee of the African Energy Chamber held its first Meeting this week to discuss the future of energy cooperation and investments between the US and Africa post Covid-19. The US-Africa Committee gathers top private and public industry experts and executives from both sides of the Atlantic, all committed to fully exploiting the potential […]
Read more of this post
Cheap ain’t bad if you are holding millions of shares.
$8.00 of Apple shares buys you nothin.
But $8 bucks of ERHC buys you the world.
Yachts, jets , buildings, etc.
God help those who are holding Short shares. Too bad. Tic toc/——-
Your quote:
“Show me who cares. “
Those who are “enlightened “, my friend.
Disinformation?
Both Kosmos and Total, just to name a few have been fighting for a joint deal with us.
They both have seen the cards being held by ERHC and they like it enough to fight in the courts for 2 years ++. Both Block 4 and JDZ.
I’m glad you have a few shares but sad that you haven’t smelled the coffee yet my friend.