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I believe it says they have 5 years to disclose which seems very unlikely.
apparently IHub must have a virus somehow as several of us have had the same thing happen when you hit the next button. I even changed over to FireFox today as it works better against virus's.
I have the same problem. It is the trojan.FakeAlert virus and it is a real b..... to get rid of. Rkill works the best followed by Malwarebyte. I also switched from internet explorer to Firefox this morning. Hope that helps.
I agree Art. I have talked to Sammy as well. He does sound intelligent but I also think he tells you what you want to hear. I have found he is not entirely accurate in his assesment of the situation. However, he is Nigerian and lives by different rules and timing. He understands that he cannot give out sensitive information so he deals in half-truths etc. I just wander what ever happened to those stringers that used to hang around for tidbits of news years ago!
Now you get the picture! LOL
we are waiting for pigs to fly and for Oily to get another one right! LOL
Art, did you forget that PN also said in Dec. that the results would be out real soon? Don't rely on his statements. He uses Nigerian time! IMHO of course
HAPPY BIRTHDAY TO YOU AND ANY OTHERS THIS MONTH.
I hope they got a bulk rate at over 60,000 proxies! LOL They could have attended another oil conference for what they spent on proxie mailing!
why even bother to execute the proxy? SEO has already made his decision which renders ours moot.
someone just posted a mercy trade just to see if we are alive.
it looks like no one is interested in us today.
but then we would have to pay their percentages of the drilling costs which we are not prepared to do.
what do you expect when they drill off structure? And only one well out of what ...10 prospects in the blocks? What happened to the "billion barrel find stated by Dakarou right after the drilling was completed? Smoke and mirrors and misdirection to say the least!
I think he was talking about a different promise land! LOL
red, I would not be pleased. It is time to stop dancing around and cut to the chase. We need results that say commercial and how much is estimated so we can get a value on the company. That is the only way the sp will go up.
Nah, the slippery swammi just got back from the Dentists office is all! He liked the nitrus oxide so much he bought a whole bottle of it to take home for personal use!
OT: TT, the program is AVG free version (company computer) and it had not updated yet so the virus got past it. I had to go into safe mode as it would not open windows at all. Then had to go to avg program, update it and then run scan. It then caught it and cleaned it. Don't remember the name of the virus though. The IT guy went thru and cleaned it out I think.
you might want to run a malware program or spyware program to see if your system is compromised. You would not even notice it and they do get past anti-virus programs. I had a virus yesterday that got past my anti-virus program.
no they have to negotiate a psc with another capable company before they can drill. Also they need to do 3 D seismics first to determine where to drill.
looks like opl 246 and opl 247 are encroached.
If my suspect memory recalls there was a sliver of that block that encroached into block 1 and the JDA had to get that resolved before they could put up the blocks for bidding. I don't remember how the situation was resolved however.
I love this quote from Warren Buffet "When it's raining gold, reach for a bucket, not a thimble."
Hopefully we will all needs plenty of buckets soon!
maybe we are going to do a merge with Afren! LOL
He can have all mine for $183 a share right now!
That is not good news. Isn't nigeria also looking to do a bid round soon of their own? The proximity to Gabon and the shallower sites will be a real thorn to the EEZ auction. Maybe the EEZ prospectivity will override the Gabon sites! We can only hope.
I think a buyin of some of the jdz assets is possible but a complete buyout is not reasonable IMHO. Only three blocks drilled of 10. Plus their actions of late do not for-tell of an impending buyout.
why do you guys keep talking about a buyout? Where in all the pr's and official filings have you seen that mentioned? What we have seen is a company that is forging forward with a game plan of being intact as is and looking to expand via margional field acquisitions, support company acquisitions, adding board members with vast experience (why would they be adding board members if they are considering a buyout?) etc. This buyout talk is silly and presumptous. It is being propagated by those that have millions of shares that can't wait for the sp to get over $1 so they can dump and run. This board is so focused on every little word that is spoken here that people will believe anything. Just trust in your own DD and act like you did not even know this board exists.
Dadd, you hit the nail on the head! I remember when that happened as well and was stunned when it happened. Makes you wonder why someone would be that calous and why they would not hold and let it continue its upward momentum. You would think they would just sell a little bit at a time and make more money. Why kill a run? Maybe it was orchestrated to make sure it doesn't go over a dollar so Funds would not buy in a make the sp go even higher. I hope it does not happen again but I know there are guys here that have millions of shares and they could do it very easily. I just hope when they do start selling it is when we are trading 50 million shares a day and the sp is over $10! JMHO of course!
why? according to Joe Shea Ledbetter is now homeless and jobless from getting let go by ERHE! He probably did not have the $430,000 to buy the stock at any rate.
SH meeting basically just to vote for three new directors (one of which was high level Addax) and a new accounting firm. No other business that they know of to discuss. I would not waste my time or money to go to the meeting unless there is more information coming out between now and then.
probably because of the expense of getting the field started if they need money right now. They probably have other projects less expensive that will bring in more money faster. Having Total in the area makes the whole dynamics change. We have to wait and see if it is a total buyout of the percentages and at what price. As always, we have to wait for the news. We are getting less and less patient on waiting. My patience has worn so thin they could use it for nanotechnology studies!
http://finance.yahoo.com/news/Chevron-to-shed-2000-jobs-apf-1318824695.html?x=0
Could be why CVX is selling block 1 percentage. They need the money.
it is the traders turning on the suction again! You would think they would let it go up so they could make more money but no way.
excellent! Post of the year.
remember that CVX only drilled off structure of one prospect. There are quite a few prospects in block one. If they drill all of them and they all can be tied together they can be substantial when tied in with AKPO. And that is just for block 1. Just think if they buyin to ERHE and then can tie all four blocks together they can have a field that would dwarf AKPO and would become a major player in the oil patch! JMHO of course
My problem is I dream of a Utopian world where all men are created equal and we all get along without pride or prejudice to hinder our quality of life. I guess that only exists in the afterlife as it will never happen in the real world. Too bad. Nothing like being with friends and helping one another in times of need.
Sorry but STP is rampant with thievery. Just look at their economy. The people are dirt poor yet the politicians have big houses and cars etc. They have to beg for money to get sanatation systems fixed and water filtration fixed etc. I bet the politicians don't lose a dime in the meantime. Your analogy is like putting two thieves in a house full of loot. Eventually they will each have owned every piece as they keep steeling from one another. I feel sorry for the people of STP. They will barely get to realize the benefits of having oil income. Just like in the Niger Delta area. The politicians syphon off the money to far away bank accounts and the people go without electricity or clean water etc. Disgusting. But it will never change even if you change the players. Greed always overcomes good intentions.
Dude the bid round ends in Sept. I do not think they will wait that long. I think the JDA will be riding them to get the results out soon.
Excellent! I think we will dwarf Akpo in size when you take in all three blocks and tie them together. I like the part about excellent light condesate that is highly marketable. We are golden. Just have to wait a little longer. 6 years now so I can wait a little more.