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After bell .41
I just went to check something on Edgar and it seems ERHE also filed an amended "Current Report Filing", changing, at least, Franklin's designatiion from CPA to MBA. I wonder if the other changes (pointed out by Manti, maybe?) were also made. If I get a chance later, I'll try to find previous post to see if typos, etc. were also changed.
http://sec.freeedgar.com/displayText.asp?ID=4559946
Geez, sorry all...I misread Rheddle's post, thought he was saying candidate for next CEO was mentioned. Thanks, Umbra and Lughead for the replies.
Rheddle - I must've missed this one "The fact that another chap has been mentioned as the interim CEO on Friday afternoon. Any chance you can point me in right direction? Tia.
Edit: Sorry I'm being lazy and don't want to go back through all the posts if I can help it.
Susie, just saw this board from your post on Poster Talk. Found this awhile ago and saved it, thought it fit appropriately here. Long but good.
The Bandwagon Theory:
A Glimpse At How The Market Really Works
(exerpt from Tools & Tactics For The MASTER DAYTRADER
by Oliver Velez and Greg Capra) - some of the best reading you'll ever do!
Imagine a bandwagon that is rolling forward at a quickened pace. Music that is very pleasing to the ear is being played from speakers from each side of this bandwagon, and a few people on the back of the wagon are partying, having the time of their lives.
The music, loud and clear, starts to attract many other onlookers that happen to be idly standing on the sidelines. These onlookers, unable to resist the sweet sounds being played, run to join the party that seems to be going on.
Progressively, more and more onlookers jump on the back of this bandwagon, and those few who were enjoying the first phase of the party begin to leave.
As the crowd of the new party animals on this bandwagon grows larger, the bandwagon finds it harder and harder to move forward at the same pace. It slows, enabling more and more late onlookers, witnessing the great fun, the chance to jump on.
The crowd grows even larger. Larger and larger the crowd grows, until the bandwagon, heavily laden with bodies of drunken party animals, can no longer move forward.
It finally comes to a complete stop.
Now that the bandwagon is at a complete standstill, more people jump on. And why not? At this point, joining the party is easy. Absolutely no work is required, for individuals wanting to join the crowd no longer have to run to jump on board.
But the nature of the bandwagon is to move forward. It's motionless state is unnatural, and therefore cannot last. It tries to move forward but can't.
The crowd piled on back is too large. It must free itself of the heavy burden. And it does.
It quickly shifts itself into reverse, and jolts backwards, knocking a few of the party animals off the back.
The music stops.
Puzzled faces from the crowd begin to emerge. Before anyone figures out what's going on, another backwards jerk takes place, only this one is move violent. Another large group of people get thrown off the back.
Now reality sets in.
The FUN has turned into a NIGHTMARE of EPIC proportions, and panic begins to run rampant. Some decide to jump off to their deaths. Another thrust backwards sends an even larger group of drunken, offbalance people, hurling to the muddy ground.
It doesn't stop.
The jolts backward continue, each successive one more violent than the last. At this point, only a few die-hard dwellers are holding on, their very lives hanging in the balance by a very thin thread.
Failing to be completely free, the bandwagon angrily puts the pedal to the metal, and this final thrust backward is so vicious that it's front wheels lift high off the ground, momentarily suspending the wagon in a perpendicular position.
The last of the hangers-on crash to the ground, broken and maimed to no end.
At this point, a new group of onlookers emerge from the nearby woods. They are clean and serene. Each move they make is deliberate and powerfully energetic, for they did not take part in the tragedy that just transpired. Or did they?
A few of the dejected souls lying on the ground take a closer look, a look that reveals something very interesting.
This seemingly new group is not new at all. It is the same group that was seen quietly exiting the party before it came to it's violent end.
An even closer examination by a few more beaten-down onlookers reveals something even more stunning.
This group not only exited the party early, they were the originators of it!
"My God," someone exclaims. Paralyzed, and unable to move freely, all these dejected souls can do is watch, as the masters of the game go back to work, again
No sooner does this bandwagon's wheels hit the ground, than this professional platoon bolts for the wagon. In a flash they are onboard. Easy
The bandwagon, now free of the larger crowd, can move forward freely and gracefully, comfortably carrying the more astute group with it.
It's pace quickens, and before long a smooth elegant stride is in place. After a few more miles of uninterrupted movement, someone from the masterful group flips on a switch, and suddenly the loud sound of entertaining music starts up again.
Someone yells, "OK everyone. Here they come. Let's do it again."
Within moments, those who were the former victims of the backward crash become interested again. The music almost calling them from the grave.
And once more the never ending cycle repeats.
(the hidden wisdom embedded in these metaphors, will allow you to claim a higher level of understanding and mastery at the game of the market).
Happy trading all and hope you enjoyed this long exerpt!
Norms
A Quitter Never Wins and a Winner NEVER Quits!
http://www.investorshub.com/boards/read_msg.asp?message_id=2595337
Here's another one I like.
http://www.investorshub.com/boards/board.asp?board_id=4964
Posted by: oilphant
In reply to: None Date:7/30/2006 5:07:11 AM
Post #of 67382
#67343 wd should have been wb(Walter Brandhuber) #67345 ed is Edmund Daukoru
Irish Agenda: Takeover rumours centre around Elan's other blockbuster
Joe Brennan
ELAN’S share price gained more than 12% in New York last week to $14.94 (€11.72) amid speculation that Wyeth, an American pharmaceutical giant, was considering a bid for the $6.4 billion company.
Market participants say a takeover would be a logical step, given their partnership in a multibillion dollar Alzheimer’s programme.
“But why now? They could have snapped up Elan a year ago when its stock was worth half what it is now,” said a Dublin-based fund manager. “Is it that the Alzheimer’s pipeline has thrown up amazing results in trials?”
Indeed.
Wyeth declined to comment.
The partners’ first hopeful treatment for the degenerative disease, AAB-001, is expected to move into Phase III clinical trials later this year, after they unveil the results of the second phase. Phase III is the final stage before pharma companies apply to the regulatory authorities for approval.
A second drug, ACC-001, is to move into Phase II later this year, about the same time that a third treatment is expected to enter clinical trials.
With the hype around Tysabri, the multiple-sclerosis treatment, the Alzheimer’s programme has been pushed into the background. Goodbody Stockbrokers forecast earlier this year that if the first drugs get the green light, they could account for half of what it predicts to be a $10 billion Alzheimer’s drug market within the next 10 years. It is currently worth $3 billion.
“It would make perfect sense for Wyeth to take Elan out before the market really starts to price its prospects,” said one analyst.
But others remain sceptical. “Elan’s share price is notoriously volatile. This is not the first time it has been surrounded by takeover rumours and, I suspect, it won’t be the last,” said another dealer.
A third analyst said: “A move by Wyeth at this stage would suggest it was somewhat shortsighted by spending €1.8 billion building a facility at Clondalkin last year when Elan’s factory in Athlone is only running at 40% capacity.”
It is understood that a partnership agreement for Tysabri between Elan and the American group Biogen contains a clause that if either company is taken over, both sides have to put in a sealed bid for the drug.
http://www.timesonline.co.uk/article/0,,2095-2291024,00.html
LOL - Used to see this on RB all the time - first time I've seen this spam here.
http://www.investorshub.com/boards/profile.asp?User=78495
I'm fairly new to the pennies and I have found the Golden Lists board very helpful. SSP is the moderator.
I don't know if it's the type of board you want to list here as "newbies" don't usually post there.
The frequent posters are very experienced, and their dialogue takes awhile to understand. They are straight shooters and as Jim Bishop advised once to another poster, they are happy to answer questions (after market closes). As a subscriber, I have pm'd Jim many questions and he's been very helpful.
http://www.investorshub.com/boards/board.asp?board_id=94
Imho, they timed the PR (after hours on a Friday) to minimize the effect on the pps.
Oilman, re-check my posts on the JDZ board, I never called you a "basher" and did nothing to get you banned from that board.
I simply disagreed with your interpretation of the information posted and your insistence that old information should be posted continuously.
For some reason you seem to feel the need to attack any that don't "see the light" when you post information and offer your opinions.
And, not even drilling yet. Hopefully, by the time our partners get their rigs out there much of this will be settled. It looks like there's been many steps taken recently that will eventually get money into the local (Nigerian) economy. Imo, this may minimize local support for this type of destruction.
Outlook for Nigeria oil output worsens after latest attack
By Sally Jones
Of DOW JONES NEWSWIRES
LONDON (MarketWatch) -- The outlook for Nigeria's crude oil output deteriorated further Wednesday after a flowstation owned by a unit of Eni SpA (E) was attacked overnight.
News the Ogbainbiri flowstation in Bayelsa State in Nigeria's oil rich Niger Delta had been attacked drove U.S. light, sweet crude futures for September delivery up 0.7% to $74.07 a barrel.
An initial statement from Eni suggested the disruption had caused a "significant decrease" in crude developed at the facility. Nigerian insiders, however, said the impact was marginal and only between 16,000 to 35,000 barrels-a-day of crude oil had been cut at the Nigeria Agip Oil Company's facility.
But the disruption is the latest in a wave of similar attacks by militants as they fight for regional control of oil and gas resources in the region. Including the latest disruption, attacks by the Niger Delta militants have now cut Nigeria's production by over one third, or 715,000 b/d.
Nigeria, a key member of the Organization of Petroleum Exporting Countries and the world's eighth largest oil exporter, relies heavily on foreign oil majors to develop its oil and gas sector.
Royal Dutch Shell's PLC (RDSA) oil facilities in the Niger Delta have also been heavy disrupted in recent months, largely due to militant attacks. Close to 680,000 b/d of Shell's Nigerian production is now believed to be shut-in, after 180,000 b/d was shutdown due to a pipeline leak, late last week in the eastern delta.
Nigerian oil officials warn the attacks will get worse, especially in the run up to Nigeria's presidential election in May 2007. Militants have also threatened to raise the scale of attacks next month.
"Already the Nigerian government has very little control of these kind of activities in the delta," said one Nigerian industry source. "Militants will raise their game in the run up to the elections."
News of Tuesday night's attack comes the same day Niger Delta militants threatened to destroy the Olokola Liquefied Natural Gas, or OKLNG, plant being planned for western Nigeria.
In an e-mail message Wednesday, Cynthia Whyte, self-acclaimed spokesperson of the Revolutionary Council, said: "We will sabotage the pipelines. We will ambush and attack its workers. We will take hostages. We will sabotage the project's logistics and vandalize every facility we set our eyes on."
The threat came after partners in the OKLNG Tuesday signed a memorandum of understanding to use a free trade zone for the $6 billion project.
In an email to Dow Jones Newswires Wednesday, the Movement for Emancipation of the Niger Delta said they will commence a wave of attacks on facilities in both the eastern and western parts of the region.
"Our next wave of attacks against the eastern and western delta commences mid August," Jomo Gbomo, self acclaimed spokesman for the movement, said, adding his group planned to "shut down all export terminals this time around."
MEND is a coalition of militia groups in the Niger Delta. Most of its threats of attack on the oil facilities have been carried out, with varying degrees of success.
Despite the recent problems tapping into Nigeria's huge hydrocarbon reserves still remain a priority for foreign oil firms.
Wednesday, Exxon Mobil Corp. (XOM) said today that its affiliate, Mobil Producing Nigeria Unlimited, has started up an oil recovery project offshore Nigeria. It is expected the project will produce 530 million gross barrels of additional oil reserves and will provide a peak volume of 120,000 b/d.
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B8EB1E...
Outlook for Nigeria oil output worsens after latest attack
By Sally Jones
Of DOW JONES NEWSWIRES
LONDON (MarketWatch) -- The outlook for Nigeria's crude oil output deteriorated further Wednesday after a flowstation owned by a unit of Eni SpA (E) was attacked overnight.
News the Ogbainbiri flowstation in Bayelsa State in Nigeria's oil rich Niger Delta had been attacked drove U.S. light, sweet crude futures for September delivery up 0.7% to $74.07 a barrel.
An initial statement from Eni suggested the disruption had caused a "significant decrease" in crude developed at the facility. Nigerian insiders, however, said the impact was marginal and only between 16,000 to 35,000 barrels-a-day of crude oil had been cut at the Nigeria Agip Oil Company's facility.
But the disruption is the latest in a wave of similar attacks by militants as they fight for regional control of oil and gas resources in the region. Including the latest disruption, attacks by the Niger Delta militants have now cut Nigeria's production by over one third, or 715,000 b/d.
Nigeria, a key member of the Organization of Petroleum Exporting Countries and the world's eighth largest oil exporter, relies heavily on foreign oil majors to develop its oil and gas sector.
Royal Dutch Shell's PLC (RDSA) oil facilities in the Niger Delta have also been heavy disrupted in recent months, largely due to militant attacks. Close to 680,000 b/d of Shell's Nigerian production is now believed to be shut-in, after 180,000 b/d was shutdown due to a pipeline leak, late last week in the eastern delta.
Nigerian oil officials warn the attacks will get worse, especially in the run up to Nigeria's presidential election in May 2007. Militants have also threatened to raise the scale of attacks next month.
"Already the Nigerian government has very little control of these kind of activities in the delta," said one Nigerian industry source. "Militants will raise their game in the run up to the elections."
News of Tuesday night's attack comes the same day Niger Delta militants threatened to destroy the Olokola Liquefied Natural Gas, or OKLNG, plant being planned for western Nigeria.
In an e-mail message Wednesday, Cynthia Whyte, self-acclaimed spokesperson of the Revolutionary Council, said: "We will sabotage the pipelines. We will ambush and attack its workers. We will take hostages. We will sabotage the project's logistics and vandalize every facility we set our eyes on."
The threat came after partners in the OKLNG Tuesday signed a memorandum of understanding to use a free trade zone for the $6 billion project.
In an email to Dow Jones Newswires Wednesday, the Movement for Emancipation of the Niger Delta said they will commence a wave of attacks on facilities in both the eastern and western parts of the region.
"Our next wave of attacks against the eastern and western delta commences mid August," Jomo Gbomo, self acclaimed spokesman for the movement, said, adding his group planned to "shut down all export terminals this time around."
MEND is a coalition of militia groups in the Niger Delta. Most of its threats of attack on the oil facilities have been carried out, with varying degrees of success.
Despite the recent problems tapping into Nigeria's huge hydrocarbon reserves still remain a priority for foreign oil firms.
Wednesday, Exxon Mobil Corp. (XOM) said today that its affiliate, Mobil Producing Nigeria Unlimited, has started up an oil recovery project offshore Nigeria. It is expected the project will produce 530 million gross barrels of additional oil reserves and will provide a peak volume of 120,000 b/d.
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B8EB1E...
Thanks for the reply. Not used to working with such large numbers, I must've inadvertantly added a couple of "0"s.
And, as always, I appreciate the information you continually post for the rest of us.
TO THE BOARD: Sorry for my continued "clutter" in regards to Oilman007 posts.
I just don't think the drivel in his posts should stand unchallenged.
As stated previously, I'm going out of town for a long weekend so at least he'll be able to enjoy posting to himself in peace.
Have a good weekend and gltya.
I'm getting ready to go out of town so just want to be clear.
The article you posted this morning was full of the journalists' opinion. Just because it's published on a website promoting itself as "news" does not make the information "fact".
Coupled with the fact that the factual information in the link you provided ONCE AGAIN IS OLD NEWS.
As most on these boards, I don't typically post information that I think is inaccurate or editorial without a disclaimer stating so. Therefore, the fact that I chose to re-post the more objective article by saying something to the effect of "good read", means that I do believe there are watchdog groups out there asking for transparency in Nigeria.
Do you usually post information that you disagree with?
And, I take it you don't think the following article posted on WEEKLY WORLD NEWS is accurate? Now who has their head in the sand?!?!
BUSH TO STAR ON FOX'S 24?
Rove Fears Role May Confuse Constituents
Um, guess you didn't open the link on my next post. Well, never mind, I'll copy it for you below.
I realize this journalist doesn't interject his own opinions as much as in the link you provided, but it's still an interesting read (even though it's a couple of weeks old).
Posted by: Nightdaytrader
In reply to: None Date:7/2/2006 11:21:41 AM
Post #of 65968
Global group faults oil bid process in Nigeria
*************************************
Looks like these are different blocks (i.e., not JDZ) but this type of news won't help ERHC either.
ND9
*************************************
Global group faults oil bid process in Nigeria
July 2, 2006, 7 hours, 41 minutes and 42 seconds ago.
By ANDnetwork .com
The controversy over the last round bids for Oil Blocks took a new twist as The Federation of Global Watchdog, faulted the entire process and asked the President to review the whole process to ensure TRANSPARENCY.
The group in a statement issued at the weekend from its base in Finland, maintained that having followed with utmost concern and interest the controversy trailing the entire bid process for oil blocks licences in Nigeria, and given the fact that Nigeria is a signatory to several international protocols on TRANSPARENCY in the conduct of businesses, the FGW calls for a sanitisation of the process for bids to remove allegations of political victimisation, corruption and unethical conducts.
Mervi Nystrom, programmes co-ordinator of the FGW who issued the statement on behalf of FGW, said that her organisation "views with utmost disappointment and condemnation the alleged lack of TRANSPARENCY and ethical misconducts that characterised Nigeria’s 2005 Bid Round for licenses in the Oil and Gas Sector".
“Expectedly, the bid Round has been greeted with controversy, arising from alleged cases of tardiness” by officials of government.
While tracing the controversy to the decision of former Defence Minister, TY Danjuma’s Company, South Atlantic Petroleum Ltd, to go to court to challenge the federal government's decision on OPL 246 the Group insisted in a petition it forwarded to TRANSPARENCY International that a correction of the wrongs in the whole process is needed because "this has cast a slur on the global reputation and integrity of Nigeria and put to test President Olusegun Obasanjo's well known war on corruption”.
IT added: "The level of alleged cases of ethical misconduct and victimisation have reached such an alarming proportion that the country’s former Defence Minister and an operator in the all-important Oil and Gas Sector, TY Danjuma has slammed a legal action against the presidency in a bid to seek constitutional redress. There are so many victims of this open abuse of TRANSPARENCY ...who, for fear of political victimisation, cannot raise their voices."
It would be recalled that the 2005 bid round for the award of licences in the oil and gas sector have been characterised by controversy, accusations of lack of tidiness and ethical misconducts.
The Finland Scandinavia based affiliate of TRANSPARENCY International in its demands called on Obasanjo and all other global anti-corruption monitors to "intervene and ensure that correction of the wrongs is transparent, open and just, for anything short of this, would amount to an official endorsement of corruption by the Nigerian government".
She added: “We hereby call on president Obasanjo and the international community to investigate those involved in these alleged shady deals in order to institute a regime of TRANSPARENCY and global confidence in Nigeria’s oil and gas sector.
“This can only be done by ensuring that the wrongs in the 2005 bid rounds are corrected, the suppressed and short-changed are issued their licenses signatures or instruments without further delay, especially at a time when the rest of the world is looking up to Nigeria as a nation with the prospect of becoming Africa’s major hope. What is at stake is also indigenes firm because the oil majors are insignificant here."
They warned that oil and gas sector play a strategic role in Nigeria's development, the FGW urged the international community and Obasanjo to save the situation.
"The oil and gas sector holds sway in Nigeria, one of Africa's most significant nations. It is therefore against this background that the Federation of Global Watchdogs reiterate its call on President Obasanjo, global anti-corruption agencies and the international community to intervene in the worsening situation and controversy.
We however note with hope and optimism that Obasanjo has the capacity to effect these proposed far-reaching remedies, given his avowed stand against corruption.
This Day
Btw, anyone see this post on the ERHE board? I realize it's a little old but thought you all may want to see it again.
http://www.investorshub.com/boards/read_msg.asp?Message_id=11854354&txt2find=transparency
OT: Just found this site - apparently this is what's happening in the world - didn't realize all this stuff was going on but I now understand if it's on a website somewhere it must be true. And, don't be confused, this is NOT the journalists' opinion it IS FACT!!!
http://www.weeklyworldnews.com/
Homeport, don't know if you can help here, but any idea who the members of the OPTS are? After a quick google, I can find lots of references to it, but no membership list. What I'm trying to figure out is, in the headline it says "Oil Majors", do you know if this includes US companies (i.e. Shell, Exxon)?
Also I did a currency conversion and N57 billion equaled approx. $43 billion. Does this sound right to you?
"We get the bad news first to flush the traders, then the buyin news after they've sold.
FWIW, I've only been in one stock that did a r/s but the news came out after hours and the date effective was the next day -no opportunity for anyone to sell.
Got this email a couple of weeks ago and have repeatedly asked IR how this impacts IMMG, with no response as of yet. I wonder if this is contributing to the continued decline in pps.
NANO-PROPRIETARY, INC. ANNOUNCES THE ALLOWANCE OF PATENT FOR SYSTEM OF SELLING ADVERTISING OVER THE INTERNET
AUSTIN, TX – Nano-Proprietary, Inc. (OTC BB: NNPP) through its subsidiary, Electronic Billboard Technology, Inc.(“EBT”) announced that its U.S. Patent Application No. 09/553.012 entitled “System and Method for Selling Advertising Space on Electronic Billboards over the Internet”, covering all indoor and outdoor electronic displays, has been allowed. This patent application was originally filed April 20, 2000 with a priority date of April 22, 1999.
The allowed claims relate to methods, systems, and computer programs that facilitate displaying advertising information on multiple indoor and outdoor electronic billboards, displays, and other types of electronic signage.
These claims relate to electronic displays managed using a network of information handling, transmission, and control systems communicating with each other using the internet or a computer program.
For example, claim 23 of the patent covers the concept of managing, from a remote location, the information to be displayed on a network containing multiple electronic displays, including the ability to control the time, duration, and the display location of the advertising. The claim also covers the method of paying for the advertising as part of the process.
Several claims also deal with computer programs developed to manage the information, including claim 41 which deals with computer programs designed
to: receive content, receive a designation of a target display device to display the content, receive a designation of a time to display content, and to provide information on the date and time availability of target display devices.
“We are pleased that this seminal patent has been allowed,” said Marc Eller, Chairman and CEO of Nano-Proprietary, Inc. “With the explosion of digital advertising, this patent has tremendous value and should begin generating revenue in the very near future.”
Digital advertising networks have experienced exponential growth in recent years and now are a multibillion dollar market. This patent applies to any situation when the placement of digital ads is remotely controlled using the internet or a computer program. Examples could include indoor and outdoor advertising, including high traffic locations such as airports or train stations, indoor and outdoor Sports arenas, digital point of purchase and other advertising in national, regional, and local retailers, as well as other high-traffic locations. In addition to this allowed patent application in the U.S., Nano-Proprietary, Inc. has similar patent applications pending in Europe, Canada, Korea, and Japan.
Nano-Proprietary’s business model is to license its intellectual property to others, or to combine its resources with industry leaders to deploy the technology that results from that intellectual property. We will consider all options and business models that relate to this patent in order to maximize
shareholder value, but we expect revenue generated by this patent to be related to advertising displayed on devices using methods covered by this patent.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary’s business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary’s annual report on Form 10-K/A for the fiscal year ended December 31, 2004, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary’s web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the field of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc.
(EBT) possesses technology related to electronic digitized sign technology.
The Companies have over 200 patents or patent applications pending.
Nano-Proprietary’s business model is to license its technology to partners that will manufacture and distribute products using the technology.
Nano-Proprietary’s website is www.nano-proprietary.com.
and their position is advisory only
Are you referring to Akin, Gump? And, if so, what does this mean? If not, no need to explain. tia.
OT: You should check out the JDZ board. For the last 4 days the topic has been whether Al Qaeda will attack ERHE partners when drilling begins. Lol! Talk about borrowing problems.
Sounds like a edit) good plan, I'm in.
"- and I respectfully and emphatically disagree with you. "
Are you saying you believe I am hyping this stock?
"- if they have been discussed at length, than it was only between the hysters who ignore important issues."
How do you know this? Have you read the posts?
"Statements that because an oil rig has not been struck yet as a claim that it will never happen is all hype and no reality."
These are people's opinions, if it's a positive opinion, does that make it hype just because you disagree with them.
"What is the point of your post? That because something has been discussed before, it cannot be discussed again? Is that what you are saying? I guess then you must disallow all posts until news comes out?"
The point is that, for some reason, I'm still trying to explain to you why your posts are not taken seriously. Why others don't eagerly read the links you provide to discuss the issues you bring forth. As I explained previously, I am tired of researching the long term impact on ERHE in re: to the search warrant. I stated that if you had any NEW information, I'd really being interested in seeing it. I may be wrong but my guess is that most feel this way on this topic.
Oilman007 - I disagree with your insistence that this board is only used for hype. First, look back at my posts on this board. Why would they be allowed to remain if Instruct only cared about hype? Why don't other posters disagree with me when I say this is a very high risk stock? I am not hyping this stock and they don't seem to have a problem with my posts.
Secondly, I tried explaining this before. These issues have already been discussed at length - THEY ARE NOT NEW. The discussions between the US and Nigeria/STP re: patrolling the area goes back to at least 2002. There are links posted regularly on the ERHE board about militant attacks and kidnappings. There is usually no discussion re: the articles, however, as everything has already been said previously.
Once again, any investor who has done dd on this company and this area, factored the security issues into their decision making process. They've already made their decision on whether this is going to impact ERHE in the future. And/or, they don't care since they are hoping to have made a nice profit and be gone before any of these scenarios are even possible.
Posted by: Homeport
In reply to: None Date:7/18/2006 3:54:05 AM
Post #of 65511
GoG News: NG Govt, U.S. Hold Security Talks On Gulf of Guinea
This Day (Lagos)
July 17, 2006
Posted to the web July 17, 2006
Lagos
Nigeria and U.S. security personnel at the weekend began discussions on security and safety issues in the Gulf of Guinea.
The meeting was held under the auspices of the Presidential Implementation Committee on Maritime Security and Safety (PICO-MSS) and a U.S. technical committee on maritime security.
The U.S. had in recent times stepped up operations in the Gulf of Guinea to enhance security in the strategic and resource-rich region.
Speaking at the opening session of the meeting in Abuja, Nigeria's Minister of Transport, Mr. Abiye Sekibo, said the country was always willing to partner with other countries on the issue of security and peace in its maritime domain.
Sekibo said that co-operation with the U.S. was a welcome development, in view of the great potentials in the Gulf of Guinea.
He said that such co-operation would ensure that peace reigned in the area to enable people carry on with their legitimate duties.
He stated that the security needs of today were enormous and required such joint efforts.
The minister, therefore, enjoined the meeting to brainstorm and come up with "worthy recommendations" that could be jointly implemented by the Nigerian and U.S. governments.
Also speaking, PICOMSS Secretary, Major Lancelot Anyanya, said that the meeting was convened to exchange ideas and brainstorm on the important issues of safety and security in the nation's maritime domain, particularly the Gulf of Guinea.
In his response, the leader of the U.S. military team, Cdr. Nancy Norton, of the U.S. Naval Forces in Europe, U.S. Sixth Fleet, thanked Sekibo for the warm reception accorded them since their arrival in the country.
She explained that the goal of the cooperation between the two countries was to build long-term relationships that would promote greater security and stability in the region.
Norton said that the Gulf of Guinea was of great importance to Nigeria, in particular and to World maritime trade in general.
"We are looking at building the capacity and capability of the nations down there to secure the maritime domain to address security threats and other illegal activities," She said.
Maritime security is critical for the region to benefit from its natural resources and prosper economically, the U.S. military officer noted.
Africa provides almost 15 percent of the U.S. oil supply, much of which comes from the Gulf of Guinea.
In addition, the region is rich in timber, iron ore, copper and other mineral and aquatic resources.
"Our goal is to ensure a more stable maritime environment to ensure their ability to get those resources to market is unhindered. The focus is also on helping African nations increase their naval capabilities with help from the U.S.," she added.
A U.S. military source said the country's presence had increased its presence in the region from almost no activity in 2004 to 130 ship day in 2005 and planned more ship days this year.'
The region faces several potentially destabilising factors, which include narcotics trafficking from South America, smuggling of illegal aliens into Europe, about $1 billion a year in illegal fishing and pollution that threatens the coast and the local food supply, among others.
Toward that end, the submarine "USS Emory S. Land" recently wrapped up a three-month deployment to the region, where its crew conducted a series of security cooperation activities.
The deployment included port visits to Senegal, Ghana, Nigeria, Sao Tome and Principe, Gabon, Angola and the Republic of the Congo.
This is where the discussion gets a little convoluted. The article did not state that Al Qaeda would probably be targeting the JDZ. It stated that these terrorists may attack Western targets in Nigeria.
*If you look at the current terrorist activity in Nigeria, it mostly targets onshore with the occasional offshore.
*The JDZ being so far offshore offers some protection, imo, just in terms of logistics.
*The high profile American companies drilling in and around Nigeria/STP further decreases the desirability of attacking an oil rig who has a minority partner that is a US company.
*The US Navy partnering with Nigeria and STP in this area will further decrease the ability to get to this area.
So, the question is there a possibility that an oil block that ERHE is participating in will be attacked by terrorists at some point? Um, sure, there's always that possibility. But these days most anything is possible. Probable, not in my opinion.
And, btw, you do realize if these events were to occur, we are talking about at least two to three years from now?
Oh, I see...
Withuall, you're getting your "newbies" (who are convinced nothing negative can be posted) confused - this guy says he just bought 10k shares. It's the guy on the ERHE board that's supposedly a "large" shareholder.
I know, I know there's been speculation they are the same but no proof as of yet.
Just because I (or anyone else) disagrees with you, does not mean that I (or we) have our heads in the sand. Your opinion does not equal fact.
I'm not even sure what your point in all of this is. That when drilling commences in the JDZ, you expect terrorist attacks (or at least the threat of them) against the companies operating there? Is this the point you're trying to make?
I take exception with your tone. I asked you very legitimate questions and thought I could expect you to clarify your points.
"The article was about Al Qaeda and their desire to set up training camps and attack Western targets in Nigeria. I didn't write the article, but I felt it was a good article."
So, do you believe ERHE would be considered a "Western target" with their partners doing the drilling and a Nigerian as a majority shareholder? And, how high do you think this priority would be with Exxon and Chevron also there?
"It is totally legitimate to conclude that terrorists attacks in the area are possible."
Uh, yes, I agree...it already happens about every fortnight.
"As I have said numerous times, you can keep ignoring these FACTS, but do so at your own peril."
Your whole argument is predicated on ERHE being considered a "Western Target". You have no "facts" re: this and I disagree with your opinion that this article outlines any additional risk to ERHE and it's investors.