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Thx Art, great to put the name to the face
Plus a surprise member has joined !!!
only - 2 MMs till $0.60
yeah lets hope they didn't snag our Rig of Opportunity- lol
Even though Addax still says its coming THIS YEAR
yes we pay/paid $410,000 /per day for the AA - according to Addax was a heck of a deal - now we see Petrobras paying 50% higher $600k / per day
[this just puts more pressure to find bigger and bigger fields to justify the huge day rates]
So I'm feeling pretty good about the JDZ and our chances
and Addax has a 100% drill success rate offshore W.Africa
first time EVER calling a marktet on our stock
Very interesting indeed
its a new MM new to ERHE and was on the BID
Who is Market Maker MITR - potential Big Buyer
Addax in Toronto for Annual SHM 06/26
[local ERHC'rs should attend for an update]
Addax Petroleum Annual SHM
Kensington Room
King Edward Hotel, 37 King Street East,
Toronto, Ontario
Thursday, June 26, 2008, at 10:00 a.m EST
Better to be boring at $0.50 vs $0.20 anyday
there will be boring days at $0.75 and $0.90 and coming up N of $1.00 too
so you'd better bring a good book to read
MM VERT which appeard to be a Net seller at $0.40 seems to have taken a leadership role now on the BID N of $0.50
Perhaps the last quick run up to $.61 were the MMs hoping to shake loose a few shares to continue to build their position
It will be interesting to see the next update of institutional interest of ERHE, which very well be quite telling and I hope will confirm additional buying activity which may help explain the volitile trading
http://tinyurl.com/6jez4r
p.s. they wont be getting mine this cheap
"poor underwriting" HUH ??? .... in 1999-2001 former CEO Tirman had to issue several million share blocks under $0.10 to keep the company afloat with $Cash,
geez its only been 10 years with $0 revenues and we are still standing [stronger than ever too]
**Comments may be left below the Chronicle Story**
http://www.chron.com/disp/story.mpl/business/5793223.html
Perhaps this is what caused the run up yesterday morning and none of us caught it
http://www.chron.com/disp/story.mpl/business/5793223.html
Nice to see Peter stand up to tough questions - best part ....
"This company is actually living the American dream. We have foresight. We have vision. And we've continued to demonstrate that as little as this company is, we can do good things with very little. I think that's a great investment story."
Thanks for posting it Side / Brez
I went there and searched and did not see it
Business Section, Front Page, ???
Plus there is NO DATE on this story - is it older ?
Side Link Please to this story ...
I went to the Chronicle and could not find it
Homeport Source of Story & Link please
there is alot of BS in this story and incorrect facts.
I would tend to think Addax did not bite off more than they can chew, but rather added smartly to their already deepwater portfolio and increased rig exposure and info sharing
Howardd3 Welcome !!
Addax has stated 1 Billion Barrels in JDZ 1,2,3,4
http://www.addaxpetroleum.com/investors/management_presentations
[see May 2008 PPT, Slide 12 & 13]
ERHC has interests as follows
JDZ Block 2: 22.0%
JDZ Block 3: 10.0%
JDZ Block 4: 26.7%
Get your calculator out
and dont forget we have rights in JDZ BL 5,6,9 and
2 x 100% Blocks in the EEZ and 2 more 15% blocks
Spec29 Yep
U R the Phone Man
if we call Singapore we can find out when the Aban Abraham will be finished modifications and begin sea trials
http://www.abanoffshore.com/Aboutus.aspx
Singapore Office
Aban Singapore Pte. Ltd.
No.8, Shenton Way,
#32-03, Singapore 068811.
(Phone: +65 – 65001300 to 9)
Fax: +65 - 62948540
Spec29... recall the frenzy and excitement surrounding OBO-1 [the head of OPEC stating 1 Bbls] and then the subsequent Shut Down of the News - total leakage blackout [even rumors of dismissal throughout CVX employees for those with loose lips]
could we be see history repeat?
You would think with Addax only at $50 PPS they need desperately to increase market cap to fund all their exploration and activities going forward
so THEY IMO would have NO hesitation to have full, fair and quick disclosures [unless they wanted additional wells to confirm total size and depth of the find] ??? what do you think
aggressive buyer assumes the bid
EOIM - although most here have NO CLUE what this means
we can deduct you seem quite EXCITED ???
How much Oil & Gas can we expect ?
ADDAX Says 1 Bbls in JDZ [1-4] is their share [risked+unrisked]
Much Thx EOIM, RIG & IPO Please
ERHC NEWS !!! RedChip to Showcase the New Fisker Karma At Its 2008 Small-Cap Investor Conference in San Francisco
RedChip to Showcase the New Fisker Karma At Its 2008 Small-Cap Investor Conference in San Francisco
Monday May 19, 10:02 am ET
Get a First-hand Look At a Prototype of the Fisker Karma, the World's First Luxury Plug-in Hybrid, Presented by Fisker Automotive, An Affiliate of Quantum Fuel Systems Technologies Worldwide, Inc.
ORLANDO, Fla., May 19, 2008 (PRIME NEWSWIRE) -- RedChip Companies, Inc., announced today that the Fisker Karma, the first of its kind plug-in hybrid premium sports sedan created by Fisker Automotive, an affiliate of Quantum Fuel Systems Worldwide, Inc., will be showcased at the RedChip Small-Cap Investor Conference at the Palace Hotel in San Francisco, California, June 5, 2008, from 8 a.m. to 5 p.m., PDT. The conference will feature presentations by the CEOs and executive teams of numerous emerging small-cap companies.
For a preview video of the Fisker Karma, introduced by its designer, Henrik Fisker, visit
<If Blocks 2 through 4 contain just 5 billion barrels>
Wow !!!!
But... back to Reality on the Ground ...
Addax says publically 1 Billion Barrels in
JDZ BL 1,2,3,4 is ADDAX's share [risked and unrisked]
Addax has .....
40%/14%/15%/38% respectively [1-4]
We will all hope and pray they have underestimated by 500%
and while I conceed they are probably being conservative to their shareholders
- we should be logical and rational going forward
However as we approach first oil and as a good friend just finished watching Academy Award Winner Daniel Day Lewis in There Will be Blood [I recommend it highly for all Oil enthusiasts]
it sure will be sweet when the oil comes up
CHCR & ERHC Board Moderators : since we have some fresh new leadership on Ihub here - perhaps its time we took a few minutes to fresh'n up our IHub ERHC description above, links and overall flow to the Ihub erhc message board
many of the old links above are old and irrelevant and some are bad links
Milestones section listed is too lengthy
Our partners web sites and presentations are not listed etc,
It should not take too long but a good spring cleaning is requested by this reader
thanks in advance,
PS [I got the idea from MiamiDrift]
watching L2 activity and all the large block trades going thru lately leads this investor to believe they are starting to nibble and we will see those April and now May numbers increase significantly
Rig and IPO please
Instutional Investors dont care if there are some silly pictures on a website or not
They care about one thing OIL
When Bovell presents at the RedChip Conference
will he be stressing the great graphics on our site or will he be pitching the massive OIL potential we have, describing our world class drilling partners and telling our rich story and giving guidance on future drill plans and estimates.
hmmm.
yes and she sat proudly infront of the classic
"ERHC Shareholder Parking Sign"
and her and John Coleman would always be so cheerful and often say their favorite words over and over again
"No Comment"
MiamiDrift - Addax does $1.1 Billion in Revenues / Quarter
They receive $470 Million in Cash / Quarter
ERHC receives $0.00 - "ZERO" !!!!!
2 totally different leagues
You should be happy with what we have and where we have come from.
For many years we basically did not have a website, never any investor conf calls and were lucky to have 1 PR every 6 months
Now we have now had 11 PRs in the past 60 days and are planning Regular Investor Conferences, Quarterly Investor Calls, Planning a European IPO, finally attracting some Institutional Investors
Be Grateful Sir
Magic this was also added per the SEC Disclosure Rules
http://www.erhc.com/jdz/
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions.
We use certain terms on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC at the following Web site: www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235.
Cayman08 / appears a few institutions are taking notice:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=ERHE&FormType=Institutional&mkttype=&pathname=&page=holdings&selected=ERHE
Oil nears $128 /bbl, Goldman says $141
- prices rise as Saudi Arabia nixes Bush plea
The OPEC nation rejects calls from the President to increase production as oil reaches a new record near $128 a barrel.
Goldman Sachs, predicts $141 this year
the most active investment bank in energy markets, on Friday sharply raised its forecast for oil prices in the second half of this year, citing tight supply.
The bank expects U.S. crude to average $141 a barrel in the second half of 2008, up from a previous projection of $107, it said.
Institutions now are positioning
*** WOW *** Great NEWS Mark !!!
Rig and IPO please
Magic/RedTx Institutions are the key to our success going forward
NEED NEW BUYERS !!
first time we are seeing increased institutional activity in a long while ....
200,000k Sky Investment Corp
100,000k PARK NATIONAL CORP
85,000k FIRST AMERICAN TRUST
Rig and IPO please
ERHC Upcoming Conference Info ...
http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp
San Francisco: June 4-5, 2008 | The Palace Hotel
RedChip Home ... http://www.redchip.com/home.aspx
"We’ve Found 40 Small-Cap Companies that are Really Going Places"
Undiscovered
Under Followed
Unsung
UNTIL NOW
Nice - MARK Welcome Back !!!!
**Great News** a first for ERHC and
**ERHC intends to make
such presentations quarterly**
" present their stories before hundreds of investment
bankers, fund managers, institutional and accredited investors, and research analysts. RedChip discovered such well-known companies as Nike,Starbucks and MarketWatch while they were still relatively unknown to investors."
yes a 240,000k buy below the current market price
there will be a lot of positioning going on
prior to drilling
expect to see a lot more of these type big block trades going thru we have already seen a small sample