A Blessing.

Go ERHC—-

Shorts covering?

Go ERHC—-

Can you link to an example of someone buying W/O somebody selling?
Thank you Ponz.

Gee, pretty , colorful charts....Thank you for showing this beautiful chart.
Makes me want to buy more...right now !!!!!

Anything else?

Didn't we have a 35% carry on Kenya block 11A?

Bullshit.....(my friend )

Shorts been in panic mode for several months.... At least !!!!

Go ERHC——LONGS——
.....$$$$$......

10 cents is a topic that shorts like to talk about. ( including BK and falling off the charts).

As an investor (long) I'm (we) are much more interested in discussions about our assets and probability of successful exploration of Crude oil (or equivalent )
Last year I remember a post about all our assets and projected crude oil discoveries.
If anyone can resurrect that information , we can discuss ERHC's success ($$$$) instead of talking about "Shorties" and any possibility of ERHC's demise.
Anyone?

GO ERHC__

They really don’t concern long shareholders

We've seen it for many years....They're screwed.....And forgot the fundamentals of trading Short....
Betting on the failure of ERHC was, and IS a disastrous bet.
Time to pay up folks...


GO ERHC________________________________________________________

Please explain that comment?

How can you say that?

Link to all companies that Warren owns shares in ????


“LISTEN to the Market” my friend.

Link please?

Duh ??

Don’t forget the 2 oil wells in Texas suppling is with a constant cash flow, my friend.

Go ERHC—-

Thank you for that wonderful blessing.

HUH?

Thank you for posting that very sad note. I too had many contacts with Phillip over many years and often sought his counsel on matters regarding ERHC.
Very sad day for us all.

Looks like 7’s closing to me???

How’s $7.00’s Monday sound??
Enjoy your weekend.

Thanks Krombacher...fun chat...

Go ERHC_______________

If that's true Krombacher, you won't be bothered by a large personal Jet, OR having body guards to protect you....
enjoy your ham sandwich my friend...Obviously, I'm quiet surprised hearing you go from $8-10 Dollars to ham sandwiches...
If cash is a concern, you can apply for a short term "Bridge" loan or second mortgage on your home?
THEN:
as crude oil market goes back to $50-100 bucks, you can still put that JET and Security guards back in your "Bucket".
Since it's been 13 years since MY first purchase of ERHC, I'm good to wait a few more months for my Ocean-Liner Yacht. (and security guard)

Peanuts (?) or (GOLD).......(wink wink)______________

Go to ERHC website and there is all "Public" notices.
Also the 400 page "Contract" disclosure...
Some shareholders have had phone conversations with Management of ERHC, which have been disclosed here recently.

Have you had any conversations or (winks) with anyone connected with ERHC or Total concerning possible paths forward during this World crude oil downturn?
Sorta paving the way or acquiring support from other shareholders?

Is that about an eight cent deal? (again)
It's still a Ham Sandwich.....You would take 32 Million dollars. great Krombacher.
I don't see SO or Peter surrendering to temporary reduction of world Crude oil market pricing.
Probably LTAO.

Think about what you just said.
Oil prices off 50-60% yet prospects for ERHC shareholders is off 95%
Really?
Do you think Offor will sell at 8 cents/share? Why?

eight cents per share has Never been discussed here ever. until a few days ago.
This board has been discussing 8-10 dollars per share for many years. Based on a description of ERHC's assets and estimation of discoveries. Even during the times when crude was mid 20's a few years ago.
Granted the oil market is in the crapper BUT when demand and supplies change so will the activity around ERHC. Maybe tomorrow?

Thanks Krombacher,
I have a feeling, as an experienced Business leader (as are ERHC current Management) That Offor is LOL.
At the preposterous discussions of Exiting at 8 cents.
Just my opinion. (at 8 cents, you would take approximately 32 Million bucks. Congrats to you for your fore site and purchasing 400 million shares. Less than a Billionaire but, hey, 32 big ones ain't bad huh?

Crude Oil may come back in the near future....think?

You're playing "Checkers" if you're running for the EXIT for an 8 cent deal.
Frankly, our ERHC management doesn't strike me as softball players.
Looking back, we're been lead by a management team that seems to understand the ebb and flow of business cycles.
Over my past 40 years, I had several sleepless nights wondering how I could make payroll for over 150 people....yeah, those were the tough times....
But as the saying goes, "When the going gets tough, the Tough get going"
We'll have the opportunity to see a 5% deal, along with several 15% deals (plus CASH)
One of our leaders often spoke of playing chess !!.....Suits me!!

The 10 cent sellout is still a ham sandwich any way you cut it.
Where do you see Crude oil in next 12 months?
Is the wait for a better market the most prudent investor advice? Hmmm??
A return to $50. Crude is likely as OPEC and the world returns to pre virus existence

Where’s the “ Go ERHC “?
———

It’s still a Ham Sandwich.
Where will crude market be in 3-6 months? Maybe 1-2 years?
A pig in a poke.

I'm still interested in your "theory " of being OK with a 10 cent buyout.

Based on your example of crude oil market being hugely down, roughly 50% from mid 50's to mid 20's
how did you arrive at .10 buyout?

Understandably , for some "Longs", a 10 cent buyout is a nice payday...but for the vast majority, it's a Ham sandwich at best....
During our past years evaluating ERHC's assets and reasonable estimates of expected crude discoveries most, including me, did the math and could see a path forward to $8-9 per share.
I have listened to you and respect your analysis of ERHC and our assets.....Frankly, you lost me on the 10 cent buyout...

Oh....
Did you miss the 400 page contract?
If so, it clearly explains ERHC and Total have a contractual agreement (DEAL)
Check it out.

Since my 13 years here, the crude market has fluctuated from low 20’s to low 100’s.
Surely selling ERHC on low crude pricing wouldn’t satisfy Offor or shareholders.
I’d withdraw from the deal with Total IF that was a possibility.
Offor’s business background surely wouldn’t allow that to happen.
Unspeakable.

The Best scenario would be:

1). CASH, first step

2)CARRY, step 2 (then the curtain is lifted)

3) BUY OUT, step 3...THEN....$$$$$

That, my friends would produce a few "BILLIONAIRES"________

It's clear the market won't move w/o more information...
I also believe for Most investors, A cash and carry is the better deal.
(.08-.10 is a LONG way from $8.00, what am I missing?)

Lets get back to prospective profitability of Block 4, PLUS the rest of our blocks....

An investor holding 200 million shares @ .08 = $16 million.
" "" "" " " " @ $8.= $1 Billion, 600Million.

An example of the "FEW" who hold 200 million+++ shares... Many are holding substantially fewer shares.

I did Not see a typical "Escape Claus" in the 400 page contract,
Which provides protection for ERHC Investors should Total not perform within the guidelines.
There are other Major oil companies who also might like our deal.
I believe ERHC investors are entitled to a "PEEK" at the progress (Or Lack thereof) of the existing deal.

OTHERS?????????

Surprised?

Go ERHC——

Perhaps you can do a "Google" search.....

Last closing of oil market:


Oil Prices
Brent Crude Oil 25.57 / BBL -9.82%

Light Crude Oil -37.63 / BBL 148.55%

Natural Gas 1.93 / MMBtu 9.33%

Unleaded Gasoline 0.67 / gal -5.97

Costs of exploration will never be lower than now.
Market prices can easily turn on a dime.

Go ERHC——. (1)