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Homeport it also requires establishing a channel of distribution. That requires storeage as well as transportation. Both will require time to set up. Immediate value may be very minimal if it is gas
Dane my screen still shows .67 last 174,353
Dane Isn't it about time for that 200,000 share buyer at .67 to show up? As for names its not only the states and counties but the city streets. BTW that chart at the bottom of the page is impossible to follow.
With so many being on the east coast maybe we should have the party at Foxwoods or Atlantic City
midter what do you see as an actual time frame to prove up the JDZ? In your opinion will SEO then retain rights to EEZ? ISn't EEZ a larger target?
Why in San tome Princepe? I thought it should be JDZ
Dane transfer as much as you can from IRA's to ROTH
Isn't the saying vol preceeds price?
Thanks Bigmoonshot. nice to learn about negotiating in the Chineese culture. WEinUSA will need to become better at it for sure.They are our Big bankers.
excellent Fishdog eom
I just check again that report was a month ago. Rigs get delayed, and other wells could have been added.
It says Drilling in July and 3 wells in Blk 4. I thought therer were 5 wells in #4
Midtier I suspect you are right on at least 2 wells in each of 2 or more prospects.It would appear both parties need to know the deal they have is what each believed it to be as each estimated the results of future drilling to be. As I see it each company has an escape clause. There is urgent need to determine if the clasue needs to be exercised, or wavied.
midtier will the 5 wells in #4 be sufficent to determin reserves in #4?
When the rigs arrive how many wells are to be drilled in each block? tia
who bennifits from drillong delay
Vol sucks less then 1/3 of yesterday. Hey maybe Oily's buy is still comming.
Fishdog Thanks good info for potential on BOMU
Midter SEO holding until proven and having an oil Royalty CO. doesn't mean ERHC will be the end company. There has been much said ERHE will not be. If I was SEO I'd want to have proven. Then make a buy out of ERHE via Chrome or another off shore company.I just don't believe SEO will accept anything lss then $10 prior to proven. I do expect him to be the one to move the company into another he can control. I would think he would want it listed on some exchange so he can use bonds for future acquisitions. He will want to borrow funds and bonds give him the best avenue.
emdyal forget the buy out SEO has had many times to do so. He wants an on going oil royalty company.That spits cash and lets him expand. Short sighted shareholders only want a quick buck,not the way this game is going down.
rkt lol
Where is oily getting the $4.375 number I thought his was $3.75
Oily What happended to the 3.75?
exceo Get away from the daily look until early August. You will have pleanty $'s so relax take a sea cruse rates are cheap. Heck you likly have more in the bank then it will take to care for you and wife in nursing home.Travel while you can you can always look at the old ERHE charts in the nursing home.
As for Pup I was only asking for verification. I may be wrong to do so, however at this point in the game anything not verified IMO can be suspect. We have seen posts rigs coming JDZ will make anouncment etc. Sometimes they prove out sometimes it doesn't occur.Dates have been all over the board rig in June Rig in July now Rig in August.
DG if he can't verify then he could be a dumper his statement places more delay and more uncertainty. thus time value tells some sell I can get back in and maybe lower then I sell. If his remarks are unverifiable what are they worth? What if he posted erroneous info and rigs appear next week as some had earlier made us to believe. Everyone has been jumping on midter, but now pup is a hero. doesn't make sense.
Dane right in fact if Pup is right then Midter is also right.
Pup where did you find this info Tia
kownski once at location what is the set up time to spud?
DG thanks for the PM Hope you get a possitive reply That is one which states case abandoned. I met a JD lawyer in a bar a year ago and was told they were to busy with other things then.
DG talking about DOJ investigations on a chat board will not get the DOJ to act.It only brings doubt into the mind of a new investor. Why don't you instead call the DOJ and ask for action?
Fishdog I agree there comes a time when it is not more money it is accomplishment. Accomplishment is not a short term goal. That is why we have heard from the company it is seeking other production. It will be an on going concern.Companies don't sell shares for shareholders to make money they do so for the company to make money. At some time it becomes better for the company to sell bonds then shares. With bonds the company has better control over its future then with bank debt. When we have production share price will rise we will get a listing and the ability to sell bonds at favorable rates to make acquisitions will be there.
tamatam what is the pennalty for failure to comply or not to comply in a timely manner? TIa
Dane notice that there were a few new posters with records back to gogo boards, then a nice chart. Watch now for the positive items again
emdyal from what I have observed is they may have a dry hole but use the info to select a better site for the next hole. I'm sure there a few here with much more experience that can comment.
jbofthecloth Are you sure you understand investing in an exploration oil play? Have you ever been involved with an oil well before? In this game its accept your risk or find a risk investment you can tolerate.
jbofthecloth That is your opinion. ERHC can expand staff when it has production. They want to be an on going concern. Corporations are formed to make corporations money. In order to make money they need to have a plan and stick to it. Shareholders come and go. Share prce can have an effect should a company want to raise capital via an offering. ERHC will not need to sell new shares when it hits it will have ability to issue bonds to expand. JMO
down maybe due to Pathfinder in August not July--uncertanty and more delay. We need SNP to be on time to chase this SP up the ladder.
jbofthecofh Why should ERHC put itself up for sale. Management has said it wants to be an on going oil company. Best way for the company to expand then is to have producing assets which it will upon drill. Then ERHC ccan acquire other properties. I believe that is what has been proposed by the company.
OK as I see it if oil is found and it is not giantic then the deal goes. IF it is more then JGC thinks he can pull the plug and if its all dust the SNP pulls the plug. Is this right?