The penny stock market doesn't "speak volumes". At best it mumbles and slurs. Penny stock prices are like a fart in the wind on a windy day. That's exactly why your second sentence is spot on... most here understand that.

No, the market isn't "saying" anything. The market cannot speak as it has no vocal cords. It takes "people" to speculate the reasons share prices do what they do, in this example... you. And the scant few investors that have made it big in the market demonstrates how difficult the task is.

"Did you know that he recently got married as well, so he's getting older and wants some happiness before he gets too old."

Yes, this is his third wife, and he is still married to the other two. In many cultures multiple wives are common. He is quite happy... or incessantly annoyed... I don't know.

As for Offor getting older, he is 56. He is not that old... but anything over 50 lands you in the shooting gallery of nature, no matter your wealth.

Agreed.

The "as well" in your post left me confused.

"Maybe its all a plot to increase his position in the 1 cent area"

At the end of the day not even Offor will make money if the stock isn't allowed to run... so we wait.

Ntephe's publicly available proposal was damn odd given the troubles the company he commands is having.

Is it a clue? Who knows?

The pertinent question is this... did Peter propose with the confidence that ERHC will be a success, or did he propose to lock in a woman that can support him if ERHC goes belly up?

Ntephe doesn't come across as someone content to be a "kept man". It's more likely that he is quite confident about the future of ERHC.

I wish he and his fiancé all of the best.

You really, REALLY need to watch this 2:15 video. It's only a couple ofo minutes... give it a look and you'll rethink your conclusions given the unstoppable growth in China alone.

http://www.vieuws.eu/fuelseurope/fuelseurope-crude-oil-used-products-applications-made-oil/

Compare human births (successes) with human deaths (failures). Successes are winning.

Throughout history humans have been born, grown, and started businesses... the shear growth in humanity shows that more businesses exist today than in the past.

Proof that more businesses succeed than fail.

That's a 180° turn from your position years ago! The argument back when oil was screaming north was, "crude prices don't affect ERHE because they don't have reserves".

Yet now they are relevant.

Whatever.

Why are there zero comments about the nearly 9% pop today from those that cry every time the stock is down a percent?

FYI, it's a rhetorical question.

I don't know about that. The weight limit of a fully loaded 18 wheeler is 80,000 pounds. I doubt they can just drive that across the sand!! To move a drilling rig they'll be using a dozen or more 18 wheelers and making many, many trips.

Swala commented after SEISMIC was completed, not after an FTG study that was conducted to determine the best locations to focus on for seismic studies.

Apples and oranges.

That's what CEPSA does.

Thanks doubleaa.

This is a false statement...

"since tens of thousands [pf] investors have given this company hundreds of millions of dollars by buying their shares."

You'd have to go back and look at the filing from the late 90's, but the only money ERHC ever got from investors was the bailout from Emeka Offor... I don't remember the terms, but I believe it was under $10M.

As for the rest of us shareholders "giving" money to the company? That isn't how it works. When shares are bought the money goes to the MM selling you the shares that he/she bought for less than you are paying. ERHC did not get "hundreds of millions", not even close.

They don't have a money wand, emdyal. They need(ed) a partner to carry them... unless you are suggesting that they crush the share price to raise the funds... and no, a nickel is not what I mean by "crush".

So we waited this long, and apparently have someone footing the bill to peak under the skirt of BDS2008. If it looks promising we will find out who, IMO.

Be happy.

Fair enough. However, if Ntephe put it in ink that it would begin in the 3rd quarter, I'd bet the target start date was late 2nd or early 3rd... Ntephe doesn't like to set deadlines.

Define foreseeable with ERHC... we're flyin' blind, LOL!

That could enter phase II next week for all we know. Not likely, but not impossible either. I don't disagree with the complaints about communication. ERHC's communication is and always has been... deplorable at best.

LOL! I thought you were talking about something starting in the 4th. My bad.

So the Chad FTG is done by now. That's fantastic! I suspect that CEPSA had a hand in funding that and if it looks good, a farmout will be announced in the near term. That's fantastic too!

...and December 31st is the last day of the 4th quarter.

They have until then before you have a valid complaint.

Dude, this is a penny stock... it's a coin flip. If there is no oil, we lose everything. If they find oil... we get 100+ bagger gains.

Any other reference to the day to day price is a waste of time and shows a lack of knowledge of what you invested in.

Just imagine the global fame and recognition Emeka Offor would get if ERHC succeeds... it would be, will be, monumental. To suggest that they aren't doing everything they can is illogical.

Yet another case of a desperate government taxing those *trying* to get rich instead of levying a fair tax on those that are already rich.

It's no different in the U.S.

Doesn't the third quarter end in 9 days???

"If it's only one month...then we are not that much further away from hearing some of the most amazing news so far...like drilling that block...and possibly as early as next week"

Take a look at the resurgence of hypernegativity and return of anti-erhc aliases.

It's getting close.

Those were F4 filing of share purchases by the officers. I am not sure on the early ones with Offor. As I understand it he was bailing the company out to avoid bankruptcy.

The more recent ones were purchases made by executives.

You are correct kingping, thanks for posting that.

Actually, Sinopec isn't required to release anything after the 5 years, the JDA is free to release anything and everything they want. Operators were allowed no more than a 5 year competitive advantage before the JDA could go public if operators were stalling.

That's where we are... waiting with no more sand in the hourglass.

"no company execs...have ever bought a share" Really? These current and past executives all bought, and still hold... actually, one died... whether his heirs hold I don't know.

4 ERHC ENERGY INC(ODOBULU SYLVAN) 04/29/13 (04/27/13)
4 ERHC ENERGY INC(UZOIGWE ANDREW) 04/29/13 (04/27/13)
4 ERHC ENERGY INC(NTEPHE PETER) 04/29/13 (04/27/13)
4 ERHC ENERGY INC(JETER HOWARD) 04/29/13 (04/27/13)
4 ERHC ENERGY INC(OVIAWE FRIDAY) 04/29/13 (04/27/13)
4 ERHC ENERGY INC(ODOBULU SYLVAN) 09/20/11 (09/17/11)
4 ERHC ENERGY INC(NTEPHE PETER) 09/20/11 (09/18/11)
4 ERHC ENERGY INC(NTEPHE PETER) 08/30/11 (08/26/11)
4 ERHC ENERGY INC(CHROME ENERGY LLC) 04/27/05 (03/09/05)
4 ERHC ENERGY INC(CHROME ENERGY LLC) 03/28/05 (01/28/05)
4 ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (OFFOR EMEKA)
4 ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (CHROME ENERGY LLC) 01/05/05 (12/21/04)
4 ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (OFFOR EMEKA) 01/05/05 (12/21/04)
4 ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (CHROME ENERGY LLC) 12/16/04 (11/10/04)
4 ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (OFFOR EMEKA) 12/16/04 (11/10/04)
4/A ERHC ENERGY INC(CHROME ENERGY LLC) 02/20/08 (03/09/05)
4/A ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (CHROME ENERGY LLC) 12/27/04 (11/10/04)
4/A ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (OFFOR EMEKA) 12/27/04 (11/10/04)
4/A ERHC ENERGY INC(ENVIRONMENTAL REMEDIATION HOLDING CORP) (CHROME ENERGY LLC)

I really don't know what you are talking about in this post. More importantly, I don't care because it sounds like more doomsayer-create-a-doubt-see-if-it-sticks stuff that doesn't matter to anyone unless they are selling now.

I'm not.

SEO is in no way an executive of ERHC! He is a private investor. He just happens to be the largest shareholder and a past Chairman, which puts him under an electron microscope for any and all transactions. If I'm not mistaken, Offor hasn't bought *or* sold since I have owned shares... going on a decade now. SEO is handcuffed and likely can only sell, and that's only if it is a sale of the entire company and all shareholders benefit.

Because of his role as Chairman and appointer of the current Board, anything he does will be scrutinized completely.

Oh NO!

It appears that the reporter went with the assumption that Sinopec abandoned the blacks based on the lack of activity.

Maybe they have, or are in the process, maybe they haven't and won't.

I *do* think the way ERHC is handling the question is slimy, at best.

It is illegal to trade with insider knowledge.

"hydrocarbons being found in expected quantities"

That claim was made by Luis Prezeres during an interview. Given his position in Sao Tome at the time it was given significant credibility.

Either Prezeres was completely wrong or deception reigns yet today... for what purpose? I don't know.

The way I see it the drop in both stocks from their 5 year high...

...a 93.1% drop for ERHE and
...a 96.8% drop for HDY

clearly show both companies are in the toilet. Why praise one and condemn the other? Venting at shareholders of either company is a pointless waste of time.

Investigate why Middy is back... Dan's recent comments about waiting for Kenyan approval are my guess.

*IF* the slug ever sold in the first place.

Rabid vermin commin' out of the bushes everywhere I look... I like it!

There's an awful lot of interest in this supposed "dog" stock. LOL!

Wrong. A plan to move forward has been submitted and is awaiting approval. CEPSA is the operator and author of that plan. CEPSA is not leaving.

That is a clarification that eliminates a lot of ridiculousness on this board of the last few weeks.

It seems pretty clear that the recent communications from Dan have clarified that not only is CEPSA not leaving, a plan forward has already been submitted to the Kenyan authorities for approval.

With that clarification there are some scrambling to reclaim positions they impatiently abandoned a short while ago.

Games are afoot.

They shot seismic, analyzed results, and put together a plan for the next steps. The decision to drill or shoot 3D has already been made, and it was made quickly. How do I know? Because they submitted their plan to the Kenyan authorities.

CEPSA seems to be moving rather quickly in Kenya. Let's hope the Kenyan's are equally quick.