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Seek, My first thought was that Offor wanted to transfer the Hydrocarbon assets to the TSX shell company so as to eliminate any change that the U.S. Government might step back in and block or delay any deal to sell the company to a foreign Entity like SNP.
I think that when all the CD are none, some news worthy event might unfold like P-50 numbers for the EEZ and the other half of Kenya block 11A or a partner emerges from the EEZ MOU.
Another option may be that NGAR buys a small farm-out position in block 11A, whereby ERHE receives some very valuable Cash to keep it in play though the drilling process.
JMO
Sneak
The coals are getting hot and this old school Steam Locomotive should be starting to roll North soon.
JMO
Sneak
Bravo Seek!! Yes indeed something bigger than a nickle for sure.
O.C. I am one of the original Longs and Continue to hold. In the words of Austin Powers, Management, "Just Throw Us A Frick-in Bone Already"!
9 month to go and counting!
Sneak
Just more speculation and uncertainty for the shareholders to chew on, "F-IN" Unbelievable.
Will the existing shareholders get screwed by an asset transfer or purchase of certain hydrocarbon properties on the cheap? or will the company be sold off on the cheap, for less than .05 cents a share and deprive long term shareholders of their due share of profits or is all this just speculation whereby ERHE is simply just sold off prior to drilling and the proceeds from the sale allow Peter and company to gain willful employment by investing in the new company.
Just my wild speculation as No useful news ever comes out of the ERHE Headquarters.
Sneak
Seek, I Agree. Nothing happens until after All the CD'S are converted.
Just My opinion.
Sneak
Dan is looking at the latest company maneuvers behind the hay bail.
Look out below, Stuka bombing run coming tomorrow!! LOL
No news as always.
Sneak
This stock is diving faster than a Stuka bomber from WWII. LOL.
Sneak
With everybody looking for the "Kaboom" on Monday, one may want to brace themselves for the word "Kaput" as No real useful news gets released. I am just saying.
Just trying to keep it Real!!!
Sneak
This stock is breaking down in price. It broke above the downward trend for one day and now is having trouble maintaining the upward mobility without any Good news. (Please do not hold your breath waiting on Pete to say something constructive)
Like all stock plays, Buy on the Rumor and Sell on the News or lack there of!
Depending on where this stock closes, I think this stock will retest the .0009 or .001 levels.
Just my Observation, Please do not take my word for it as I could be wrong.
Sneak
Yes sir John. Just get tired of all the B.S. as everybody knows Nothing. The facts are such that in 9 month if drilling does not take place this stock play is over.
Just keeping it Real.
Sneak
Yes, Sir, Spot On!
Sneak
The KABOOM is Just a big "KA-BUST" Big Jane must be Markgovols with a sex change.
Just thinking out load.
Sneak
There are about 213 trading days left until the end of March 2016.
So here we sit in Silent Bliss wondering why important news is Amiss!
Just food for Thought!
Sneak
In order for this stock to reach .35 a share it would need to double in share price every month for the next 9 months or add about $119 million dollars worth of new share purchases each month until drilling or oil discovery. Just think at .35 ERHE would have a market cap of just over $1 billion dollars and that is a lot of cash to wager on (1) "Make it or Break it well".
Just food for thought.
Sneak
T minus 10 month and counting. This rocket takes off (Hits oil in 11A) or Blows up on the launch pad (Drills dry hole in 11A)! All the rest is nothing but mellow drama and means nothing. Stay focused on the End Game.
Sneak
Gloom and Doom Prevailing on the other Board! AKA Chicken Little, the Sky is Falling!
Some need to get a Grip! This is a HOLDING Company, Not an E & P Company.
Lets hope the Assets get Monetized and SOOOOOOOOOOON!!
Back to Sneaking.
Krom: In the Spirit of former Posting Great "BB" a Reverse split is all BS!
Answer this riddle and you may be on to something, The Why did Chrome pay ERHE $250,000.00?
Sneak
Arnim, SHHHHHHHH! Any bit of good news is sure to bring out the Ankle Biters!!
Thanks for the Update!!
Sneak
Try knows Nothing.
Sneak
The company will never get to .75 cents a day for 30 days because of drilling results in 10 month. But they may get there via a Buy-out offer in 10 Months or less Pre-Drilling.
Just Food For Thought!
Sneak
When he steps down, The Market will get Excited!!!!! LOL
The Truth sometimes, HURTS!!
Sneak, Oh how sad but True!
I would like to see ERHE swap a percentage of the Kenya block for a percentage of a producing oil well that will generate enough cash flow to keep ERHE is good standings. Mr. Blair are you still around?
Just food for thought.
Sneak
It is to early to tell. Do we have pre-salt in the EEZ?
Only time will tell.
Sneak
The .32 cent stock options expire in 11 months. I believe the stock has to be above .75 cents for 30 days before they can be exercised.
Just Food for Thought!
Sneak :0)
Please, Do Share! The Seismic that is.
Sneak
Everybody Knows Nothing!! Only Wild Speculation that support their Twisted Thinking. If that helps you get through this Horrifying Moment of the Stock Price Collapse, then "Think Away".
I for one will withhold my Judgement or Rational Reasoning until the outcome is Clear.
Have a Wonderful Weekend!!
Sneak
Pudski Investment advisor(s) are now comparing CAK which resides on the AMEX to lowly "ERHC" which resides on the pink sheets. The only thing the two may have in comment is the number of shares outstanding? Oh how Lame it is.
Hold on ERHE fans!! Our day in the Sun is Coming.
JMO
Sneak
John, call me at the office.
Have a Nice Day
Sneak
Seek, it does not matter anymore about SEO, Pete or the BOD, The Die is Cast!! If ERHE can get a partner, sell off some assets, Trade some assets for some much needed cash flow to stay afloat or Strike Oil, ERHE will Rebound, If we get a delay in drilling or drill a dry hole, we are all Burnt Toast for holding on to Long.
SEO should have taken a Hint from the AXC Oil deal Master Himself and Sold with Claude, for a bird in the hand is worth two in the Bush!!
Have a Nice Day!
Sneak
It was not to long ago that some shareholders would say, you can buy 3 share of ERHE for $1.00, now you can buy 3 shares of ERHE for One Penny! Unbelievable!!
Just a Sign of the Times, Where World Wide Chaos and Uncertainty Rule the Day!
Sneak
ERHE'S New Theme Song!!
Paul Simon's "The More You Near the Destination, The More It Keeps Sliding Away" It represents ERHE!
Well, It is Official, We have an Outside Investor or maybe he should be looked upon as such since we do not here from our largest investor on a regular basis. I have but one thing to say
" Hey Pete' Is the Market Getting Excited"!!
Good Showing me boy!
Just some food for thought.
Sneak
Never Happen Seek. There are only a few exist strategies.
1) Sell now and take a beating!
2) Sell right before they start drilling to catch the upswing in share pricing.
2) Sell when the shares take off should they hit oil.
3) Wait for management's [b]"Steady As She Floats"[/b] Management Style until the ship slips under the waterline due to its lack of forward looking direction.
JMO
Sneak
When AXC sold out early, I was surprised, but when drilling results came forth, I could then see they made the right move.
"A bird in the Hand is worth two in the Bush". The oil drilling business is Risky and Deep Sea Drilling is not even close to being a Perfected Science yet.
Hopefully we hit something that is sellable!
JMO
Sneak-attack
Is Deloitte, Hospice-care for stocks on the Rocks?
Just thinking out loud!
Sorry
Sneak
Seek, Even a Blind Squirrel Finds an Acorn!
Even a Clock can get the Time right, Twice a Day!
Still No Earth Shattering Achievement by No Stretch of the Imagination on his Part.
It will be what it will be.
Still waiting for Drilling!!
Sneak
It would seem that the Closer ERHE gets to the Promised Land, Well it keeps Sliding Away!!