OC,

I don't think it is a 'make it or break it' well, like I substantiated some posts ago.

They will make sure that they have multiple rounds at the 'roulette table' with their chips, all 154 million (pre R/S) of them. And then, there is Offor, and then there is that other guy, and who knows how many more...

They know that with oil, they don't have to pr, and without oil, it will only works modestly and shortly... so why bother.

The Doctor.

Troy,

$20,- to $30,- is just 20 to 30 cents pre R/S, and post dilution.

Pre-dilution it is 80 cents to $1.20

I can tell you one thing: if we find oil in the least commercial amounts on this first drill, the price will be higher than that $1,20 since we already were at a dollar, pre JDZ with NO oil, just a frantic outlook.

One pitfall: on finding oil it could be possible that ERHC will not be rewarded in the sense 'pre glut-oil', and that means that with oil in the books, only after 2 years (approx) FULL valuation is/will be reached.

In conclusion: on finding oil ALL BETS ARE OFF. Certainly for us.

And this, my friend, is EXACTLY the reason why those two Disney figures bought as much as they did.

The Doctor.

SSD, with all respect. You cannot influence me.

Some day it will sink in, I'm sure.

Let's hope so. Hahaha.

Can I talk to you in private?

And THAT, my friend, is EXACTLY why management bought so much shares at these levels...

The Doc.

Troy,

Troy, IT IS "quick and attractive" for them. That is why they bought at the 'right time'.

In that scenario, the Disney-figures Peter Pan & Silly Willy will be crushed along with us.
Troy, to be honest, even if they *wanted* to, they could not achieve what GLUT OIL and LACK OF FUNDING OPTIONS did for them... you know that.

The Doc.

From yesterday:

Hi, Doc:

Based on what was included on page 10, it would appear that ERHC has received some but not all of the monies from Kosmos:

http://www.sec.gov/Archives/edgar/data/799235/000114036116054425/form10q.htm

“…the Company received $1.5 million and recognized a gain of $657,806 of reimbursement of exploration costs incurred during the three months ended December 31, 2015.”

Sincerely,

Daniel Keeney, APR
DPK Public Relations
800.596.8708
www.dpkpr.com

The Frenzy begins...

How my discovery of crude oil in Turkana County was stolen

http://www.standardmedia.co.ke/article/2000192385/how-my-discovery-of-crude-oil-in-turkana-county-was-stolen

:)

https://nl.wikipedia.org/wiki/Turkana_(district)

Hence them two buying the amounts they bought, mostly at around 1/10th of a cent... ring, ring.

They knew WHEN to take a chance. It's as simple as that, Troy. That is why they are STAKEHOLDERS right now.

I'm not ruling out little Peter cheerleading the way ONSITE block 11A, when the drillbit hits depth.



While we are pizzing our time away talking to the negative gang...

from $0.16 to $0.0004 is a factor of 400

We were at 16 cents with the Kenya block not even in sight... if I'm correct.

Go figure.

If everything works out above expectations, we will realize how filthy rich Peter & Sylvan will be.

Don't we hate those guys?

If large amounts of oil are found, and they keep on drilling in our basins, and oil glut slowly disappears, think about a share price in the range of $200,- (formerly $0.50 pre R/S, post dilution). A frenzy share price will be among us again in that case.

Oh Yeah...

No, I'm not delusional, it has always been about oil.

$200,- divided by our current $0.08 is a factor of 2500

That means that a $5000,- investment now will get you best case $12.500.000,-

How is this possible? Well, because the dilutionfactor of 4 CREATED a fear gap of 400 (before cn's and glut, but no oil)!

Company's worth $6 billion with oil and exuberance. Yep, is possible.

half a billion barrels at $50,- for instance is worth 25 billion dollars, at $100,- 50 BILLION DOLLARS.

I've read an article today in a Dutch newspaper that the global oil agency, thought that in five years time, thanks to an absent exploration enviroment, oil could explode up again. 'Up' as in really, really expensive oil.

GO CEPSA.

Is he refering to 'oil seeps' on the Islands?

No, can't be. But no one has drilled in the EEZ yet, right?

So in both basins. There is one 'but':

So NOT in both basins it seems, just in the Tarach basin alone...

LOL?

Since they do not mention the number of drillable prospects in the other basin, I really suspect that they only talk about TARACH, because they also say: "To date", implying they are far from ready with the process of identifying drillable prospects and leads (in the other basin... Anam)

The Doctor.

That is what they are right now...

$10,- is actually $0.10 pre R/S. $0.025 cents after dilution.

Even $100,- is a possibility with oil. Do the math.

$100,- was $1,- pre R/S was $4,- before dilution.

So if we could reach 4 bucks in the JDZ time with a certain amount of oil, we could achieve that now these days also,

$100,- now was $4,- back then.

Hahahaha.

Yes.

WHY, why are you spending so much time here, why ERHC?

Now, if you came up with a credible scenario regarding ERHC, I would follow you in the blink of an eye!

Why did Offor put in an additional $250,- K? To help Peter and Sylvan in their 'scam'?

You MUST come up with a coherent scenario.

You constantly talk about dilution and printing shares. If I only listened to you, I would not even know that in a few weeks they are drilling for oil.

Strategy, can you reply to SSD please?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120681806

The Doc.

I'll let Strategy reply to this, OK?

Are you from Africa, or the US, by the way? Or Europe?

SSC,

Like I said, you are a pro at this.

The current market cap is just over $2 million. No lender is going to risk any significant $'s if the companies market cap can not support their hopefully payback by selling shares. These loan shark entities are ruthless and I would say immoral BUT they aren't stupid. They will not lend any more.

Your suggestion that ERHC management did not pay for the shares they bought is unfounded. They would have waiting for a next round of dilution, if there would be a remote chance on oil.

I'm missing common sense in your posts. And what is the reason for your intense posting behaviour here?

Why don't you just wait for that next round? Easy money, right?

Why do I get the feeling that you are trying to influence investors with your tsunami of posts?

SSC, I refer you back to my previous post, QUICKLY.

New shares will not be issued. Ignoring it, does not add to credibility.

Thanks for your quick, very quick reaction to my post. You are all over ERHC. Just a side note.

You are a true professional when it comes to create fog in your answers. I do realize that the share price will be FAR ABOVE $20,- when oil is found, YES.

That is what I explained, in that post. It's not outrageous at all. I always assumed it is the very reason you are here 24/7?

Depending in the amount of oil that will be found, even $100,- is a realistic possibility. Remember that is just $1,- pre dilution, $4,- after dilution.

SSC,

You spend ENORMOUS amounts of time on ERHC, and even more on Ihub, but up until today I cannot get a grip on your investment strategy regarding ERHC.

Can you lay it down for me, so I can follow your strategy, maybe?

What is the plan?

Short remark: "(...)billions of new shares to issue."

This has been addressed, even yesterday. DO NOT ignore true information. A new round of issued shares is out of the question:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120655595

Acknowledge that please.

If we take a conservative $0.80,- pre JDZ drill, so no oil:

Kenya commercial minimum should of course result in at least that.

Dilution is 4 x so that is $0.20 pre JDZ drill.

We are now at (pre R/S) at 0.0008 so...

0.20 divided by 0.0008 = 250 times run up.

If oil is found this run up of 250 is the very minimum.

Go think about that. Wow.

If more is found and glut oil gone I do not rule out a 500 times run up, or more...

Wow.

A LOT of dollars... a LOT!!

Hahaha.

The Doc.

How long does it take to drill a well?

http://oilpro.com/q/898/how-long-does-it-take-to-drill-a-well

That is a very good question, with the fact in mind that they are STAKEHOLDERS now.

We should be able the deduct a logical answer.

Can you give it a try? Why do they seemingly allow some additional dilution?

Did they not expect this?

They are not buyers themselves right now, according to:

http://openinsider.com/ERHE

Or will they file soon?

Or is Manti simply right?

"The only problem with that thinking (paying the debt off with cash) is that most of those contracts are written such that the lender controls whether or not he will accept cash or shares once the initial prepayment window has passed, so I suspect that erhe is at the mercy of the loan sharks until they're gone... "

Troy,

What is interesting here to note is, that this has been addressed already, some months ago...

Now why SSD forgot I'm not sure.

I also already said to him that for the first time Peter & Sylvan are true STEAKHOLDERS. They probably took a salary cut also! Makes their investment even more significant.

There is no INCENTIVE anymore for them to (if at all) 'crush' the share price or 'mismanagement'.

If CEPSA hits oil in several weeks, the payoff would create such an unbelievable gain, from the levels those two managers bought, I hardly want to think about that scenario.

But what did you think of my arguments regarding what happens when the first drill is a dry hole?

Please reread my posts about that scenario. Would it be 'the end' for ERHC, with them (and Offor and who else for that matter in the background) or is there simple too much potential still for the coming years, with glut oil slowly disappearing?

Can you tell me and the board how much dollars Peter and Sylvan lose if ERHC would go belly up?

Tell me and the board here:

$...

And it’s a big playing field, with Kenya poised to become the central East African oil hub and king of its infrastructure if any progress is made on some very big plans.

Despite the infrastructure uncertainty, and the fact that Kenya isn’t producing yet—there is another factor that might lure in investors. As many of its neighbors are buckling under the pressure of low oil prices, Kenya is enjoying a budget surplus—its first in half a decade, according to the Financial Times.

Indeed, the country is being touted as a beneficiary of the oil price slump, and this year will be a good one—precisely because it’s not yet pumping its own oil and is enjoying the cut-rate imports.


End of game for ERHC, if we hit a first duster? Really?

GO EHRE

Brother,

There was supposedly $300K of debt that wasn’t converted before the 3B cap was hit. The market needs to absorb $300K worth of selling. How many shares that is depends on the price.

Now I ask you again: What will happen to the share price range if they find at least commercial oil, in several weeks?

That the price will go 'up', is understandable, bro. Give me a range, a scenario in figures.

Troy,

Any comments on my rebuttle posts on your "The End" post?

Give it to the doc.

Go ERHC

Since Peter and Sylvan are extremely incompetent, it is indeed expectable that they would have been buyers over the last year.

They should have listened to you, and start buying in the next round of dilution indeed.

Most likely the creation of a 3nd generation of wiped out legacy shareholders, will create the true winners.

WHY doesn't MANAGEMENT listen to you, the well known Ihub poster?

Seriously, I don't get it.

SDD, tell me in the mean time, what will happen with the share price if those CEPSA botchers find commercial oil on their first drill?

THE DOCTOR!

Symba Energy Limited was registered on 23 Nov 2004 with its registered office in London. The business has a status listed as "Dissolved" and it had 4 directors at the time it closed. The company's first directors were Ms Anna Thornqvist, Mr Reginald Fubara. Symba Energy Limited has no subsidiaries.

https://www.duedil.com/company/05294773/symba-energy-limited

Old crappy website? Strange, because Kenya is mentioned, so not that old.

Anybody care to email them? gideon.simon@paramountcsp.com

In case you missed this post by accident:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120323931

I have posted this 400 number half a year ago.

You don't have to invest. In your case: I even would advice against it. But only in your case.

The Doc.

P.s.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110262839

A buyout by CEPSA could indeed be in the cards, given the buying spree by those insiders.

And how about this one: lol:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115166394

I am FAR from impressed by that fear-answer.

I know even about people clinging on to message boards, much worse. Hahaha.

And by the way, factual wrong. OTCBB is always high risk, now, and back then also.

Buying shares now could recoup all of your eventual previous losses. It has been EXPLAINED IN GREAT DETAIL BY ME, TROY, and others.

So, if some choose to not understand, they have that right.

Talking on a 24/7 basis here, won't get you anything.

I'll take my chance, like I did in the past with the JDZ.

If oil is found, I'll be laughing, and others will be crying. But it has always been a gamble.



Well, tell it to CEPSA.

Peter and Sylvan bought massive amounts of shares, any way you spin this. They bought massive amounts for the first time, and have become stakeholders. Others just talk while having no $$$ on the line. Shoud I take them serious? Hahaha.

Fear-mongering posts are a VERY, VERY bad advisor.

Does anybody have a clear picture how much is coming approx, these days?

As usual, the key point left out by you is the fact you never addressed:

Peter and Sylvan are IN the loop, we are not.

We know they took a chance (and a DIRECT interest) by buying massive amounts of shares.

On a OTCBB there are no sure things (like you always suggest is needed), but if they REMOTELY shared your point of view, they would not have bought yet.



First: there is no LOL here. Says something about the writer.
Second: the very statement 'delusion' is exactly what I mean, in relation to Peter and Sylvan (and SEO) buying.

They are for sure not as 'delusional' as we are: that is exactly what I meant. So you are probably wrong, that is: more likely than not.

I did NOT have taken that option into consideration indeed.

It could indeed be that CEPSA will continue ANYWAY, because of the simple fact that we have TWO area's in block 11A.

So, I can hardly imagine that it would be 'end of game' in total, if we hit a dry hole end of March.

Thanks for the reminder. 11A is indeed huge.

To date, two basins, Tarach and Anam, in the eastern and western parts of the block respectively, have been identified. 12 drillable prospects have been mapped in the Tarach Basin alone. Volumetric calculations and risk analyses have been completed leading to a total mean resource estimate of 662 MMBO. The well is scheduled to spud on or about March 1st, 2016 if all conditions precedent are met.

It would all be lost on Peter and Sylvan... and SEO!

Remember again also, Kenya oil is cheap to produce... cheapest in the world I thought the article I recently posted said.

Here it is: http://www.standardmedia.co.ke/business/article/2000191356/kenya-would-be-among-cheapest-world-oil-producers-tullow-says

Troy,

ERHC will be entitled to receive from Kosmos as follow:

· A limited refund of verifiable past costs of which $1.5 million has been received to date.

· Cash consideration of $2.5 million.

· Further value consideration dependent on whether exploration (i) proceeds through seismic to drilling of wells and (ii) results in a commercial discovery and production.

Isn't the EEZ pre-salt potential THAT big that SEO wants to hang on to these rights, and put's the company into hibernate?

This would even benefit Peter and Sylvan, since if out of business they lose their paycheck either way, but also their massive share holdings...

I guess they too would be inclined to keep this thing afloat, which is absolutely possible like Strategy earlier claimed. Cost cutting by this 'holding company' could be extreme/massive.

And don't forget about Chad, which is the most sure way to real commercial oil! If glut oil is gone, Chad is back in sight.

And even after that their is the JDZ chance... they are worth real $$$ if drilling is initiated again, not in the least because of the MASSIVE drilling information/data that is available for that area.

Do you agree that there is real incentive for all major players, to keep the company with it's rights alive?

From the levels that they bought, any small commercial oil outcome AFTER a Kenya dry hole is STILL ENORMOUS!

We are talking about a 400 fold increase minimum, with just ONE hole successful, no matter where that is.

"In many ways, the oil market instability is reminiscent of the seven stages of grief: disbelief, denial, bargaining, guilt, anger, depression, and acceptance. We’ve reached the bargaining stage and presumably producers will now face guilt over their failure to contribute and then anger from those who are, depression about giving up sales and finally acceptance of their responsibility."

http://www.forbes.com/sites/michaellynch/2016/02/16/the-opecnon-opec-output-freeze/#62a33f9d77bf

Troy, regarding:

Don't you see any other backup scenario, in Chad and the EEZ block? Certainly if oil goes back up, and ERHC goes into some sort of hibernation, like Strategy mentioned as a possebility?

I still am of the opinion that SEO, Peter and Sylvan have some sort of next round option, since they invested a pretty hefty som of money...?

And is there still a role for the so called "strategic investor" in that scenario? Maybe SEO himself, to save his company for another round after glut oil, with Chad, EEZ and even JDZ...?

I can't believe the one horse gamble they would take?