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Oilman, not sure how you found the JDZ board, but most of the "longs" post on the erhe board. Instruct has put alot of great dd info on the header on this board. That's a good place to start. Also, Dadd on erhe board has a website (link is at bottom of his posts). And, there's someone on RB who used to post "verifiable due diligence" but can't remember posters name and not sure if he still does this. Can someone answer this?
Imo, someone new to this stock should read all they can about the JDZ and then decide if they think there is oil there. If so, then look at the companies that own percentages. Imo, the smaller companies are going to give you a bigger return as the JDZ represents a larger market share for them. That being said, ERHE (to my knowledge) is the smallest and cheapest publicly traded company in this area.
For a snapshot, check out the latest SEC filings (maybe 5). As you'll see last communication from the company was an 8K for a search warrant. Many people believe that this is conjunction with the Congressman Jefferson investigation. There are many ties to FORMER employees and shareholders that seem to have some sort of relationship with Jefferson. Looks to me like the relationships with ERHE were severed about 5 years ago.
Then, just so you'll really know what you're getting into, news.google "ERHC" and read latest articles written by a "self-confessed" journalist with an agenda.
Re: respected posters, the erhe board has many that have been around for a long time and have a lot of their portfolio in it. Frustration is running high, however, due to lack of communication from the company re: significant events. The CEO did email a couple of posters saying info coming soon. However, any questions you have during your dd, will usually be answered, often with links to back it up. Note, though, speculation is high with different respected posters providing different info from different sources.
To sum it up, this isn't one to step into without a clear conviction that there is oil and ERHE will benefit from it-but there's no real understanding yet (imo) of when and how much.
Having said all that, I have a decent stake here. Glty.
If you're interested in the oil sector, take a look at RIG. Very cheap right now, imo.
OT, but interesting.
'We want more than just oil from Africa' -China
Peter Harmsen
Posted Thu, 15 Jun 2006
Johannesburg - China would begin round three of an intense diplomatic campaign in Africa on Saturday when Premier Wen Jiabao embarks on a seven-nation tour of the continent.
Wen would spend one week travelling through Egypt, Ghana, the Republic of Congo, Angola, South Africa, Tanzania and Uganda, pushing ever harder his nation's economic interests that would inevitably focus on oil.
"Agreements on economics and trade (to be signed in Africa) will of course also deal with co-operation on energy and resources," said assistant foreign minister He Yafei.
"It's true that energy is an important part of China's co-operation with Africa." But while China's insatiable demand for energy would attract much interest, the government and Chinese researchers say Wen would be looking to consolidate and expand on a far wider range of economic issues.
From copper in Congo to timber in Liberia, China has been looking to Africa more keenly in recent years for a wide range of natural resources. Meanwhile, the continent has become increasingly crowded with Chinese construction workers building highways, railways, ports, dams and hotels, while products bearing the "Made in China" label were becoming ubiquitous. Trade volume between China and Africa reached around $40bn in 2005, a rise of 35 percent from a year earlier and almost four times higher than in 2001.
China has done its best to further woo Africa this year, first sending Foreign Minister Li Zhaoxing to Cape Verde, Senegal, Mali, Liberia, Nigeria and Libya in January this year. President Hu Jintao visited Morocco, Nigeria and Kenya in late April, with Wen's trip the third high-level diplomatic mission to Africa in less than six months.
One stop on Wen's trip that was expected to generate particular interest was Angola, sub-Saharan Africa's second largest oil producer after Nigeria. China has already invested in several projects to rebuild infrastructure in Angola following a brutal 27-year civil war that ended in 2002, and extended a $2bn credit line to the country.
China's investments have paid handsome rewards with Angola now rivalling Saudi Arabia as the Asian nation's biggest supplier of oil. Angola shipped 2.61 million tonnes of crude to China in March, ahead of Saudi Arabia's 2.43 million tonnes, according to Petromatrix Gmbh, a Swiss-based trade advisory and risk management company. In April, Angola slipped back to become China's second-biggest supplier shipping 1.77 million tonnes of crude, behind Saudi Arabia's 2.24 million tonnes, Petromatrix said, commenting the two were "really head to head".
China's state press also reported this week that the nation's largest refiner, Sinopec, had acquired stakes in three Angolan oil exploration blocks that had total proven reserves of 3.2 billion barrels of oil. However assistant foreign minister He and Chinese observers emphasised that Wen's trip was not just about oil and Angola. "China is the world's largest developing country, and Africa has the world's biggest concentration of developing countries.
”They share many interests," said Chu Shunchang, spokesman of the China Africa Business Council. "Wen's visit will help Chinese enterprises better appreciate the opportunities that Africa offers."
Zhang Xiang, vice president of the China Society of African Studies, a government think tank, highlighted the fact that Africa could learn lessons about development from China. "In the past China was poor, but now it's developing very fast, and it's become very attractive for the African countries," Zhang said.
"The African countries are increasingly willing to co-operate with China, because they want to find out how China developed so fast."
However China's interests have attracted much concern in the West, amid allegations that the Chinese were exploiting Africa's people and resources, and backing some of the continent's worst regimes such as the government in Sudan. -AFP
Please, oh, please, email him back and tell him you're willing to sign the NDA.
Geesh! I can't stand that Silverstein guy!!!!!! Of course, we all knew he was going to somehow have to package the STP report and the Jefferson case since he made such a declaration in his first article.
And, btw, now you go to news.google and you get:
Meet William Jefferson's Political Supporters
Harper's Magazine, New York - 2 hours ago
... First I'll explain the history of a small energy firm called ERHC, which was born in Lafayette, Louisiana but is now based in Houston. ...
William Jefferson: Tollbooth Operator on the Road to Africa
Harper's Magazine, New York - Jun 7, 2006
... Jefferson also has interesting ties to São Tomé and to some Americans doing business there, specifically people linked to ERHC. ...
Paved With Good Intentions
Harper's Magazine, New York - May 22, 2006
Back in May 2003, I wrote a story for the Los Angeles Times about an unknown Texas firm called ERHC, which had obtained lucrative oil concessions in the ...
We need a PR that's picked up by many wire services so these are all buried!!!!!!!
The only good news is that he isn't including the ticker symbol so if you news.google "erhe" at least you get this...LOL!
Xinhua Funeral Dance of the Tujia People
Xinhua, China - May 12, 2006
Also called sayi'erhe in the local language, funeral dance is to be found in the middle reach areas of Qingjiang River -- the second branch of Yangtze River ...
And, the bonus is, if we see another article by Silverstein that includes the ticker, we can surmise he reads this board. Ha! Ha!
Imho, this is exactly what's happened. eom.
By Olufunso Fafowora
Nigeria may be facing another fuel crisis in the near future if the Independent Petroleum Marketers Association of Nigeria (IPMAN) goes ahead with its plans to strike if the federal government does not address some key issues affecting the industry.
IPMAN has accused the Nigerian National Petroleum Corporation (NNPC) of deliberately frustrating the petroleum industry by favouring private depot owners at the expense of the NNPC depots. The accusations were made on Tuesday during a press briefing in Ibadan - hosted by the western zone chairperson Prince Olu Adesanya.
According to Adesanya, the situation was compounded by the decision to build mega stations in major cities in Nigeria.
IPMAN therefore called on the federal government to act according to its responsibility and do something urgent about the situation or that the workers will be forced to down tools.
The Niger delta region has seen a number of hostage situations recently as militant groups seek to end foreign companies' free reign on the country's oil resources.
Nigerian Tribune
New scramble for Africa
Sinikka Tarvainen | Madrid, Spain
14 June 2006 09:31
As instability in the Middle East threatens energy security, the West is turning to Western and Central Africa, which is emerging as an increasingly important player in global oil markets.
The region from the Gulf of Guinea to Sudan is becoming the subject of fierce competition by energy companies in a new scramble for Africa -- for its high-quality, easily refinable oil.
Although politically friendlier than the Middle East, Africa is, however, an unpredictable partner in other ways, with political and ethnic violence, crime and corruption rife in many oil-producing countries.
The gradual discovery of new oil fields could bring the biggest influx of income in the continent's history, but observers fear it will do Africa more harm than good, propping up corrupt regimes and exacerbating poverty.
Africa accounts for about 11% of global oil output, a figure which is expected to rise to 30% by 2010. The continent holds nearly 10% of the world's reserves.
Nigeria, Algeria, Libya, Angola and Egypt contribute more than 80% of Africa's production of nearly 10-million barrels per day. Other established producers such as Gabon, the Democratic Republic of Congo and Cameroon have been joined by Equatorial Guinea, Sudan and Chad.
The latest members in the club include Mauritania, where an Australian-led consortium is extracting 75 000 barrels a day, and the tiny island state of São Tomé and Principe, which has received tens of millions of dollars in front-end payments from the United States oil company Chevron and its partners.
There are also thought to be significant reserves in Western Sahara, though a dispute between the occupying power Morocco and the independence movement Polisario over who controls the oil makes exploitation difficult.
The United States, which already gets 15% of its oil imports from Africa, is investing tens of billions of dollars in the West African energy sector.
Oil investment is estimated to represent more than half of foreign direct investment in the continent, with emerging players such as China and India increasingly challenging the influence of the US, Britain or France.
Critics say the scramble for oil has obliterated concerns about human rights, as in the case of Equatorial Guinea, a country of half a million residents, which has raced ahead to become one of the main sub-Saharan producers. Washington re-opened an embassy in the country despite its reputation as a ruthless dictatorship.
The US and other Western countries are also seeking to increase military cooperation, such as training for African armies.
The threat of terrorism is deemed relatively low for the time being, but the oil production faces other security concerns in the volatile region.
In Chad, for instance, rebels are trying to overthrow the government, Sudan is mired in a long-running civil war and the Darfur conflict, and Mauritania's regime was toppled in a coup last year.
Africa's largest producer Nigeria is prone to political, ethnic and religious violence, which also targets oil companies.
Attacks against oil facilities and kidnappings of oil workers have become commonplace in the Niger Delta, where militants are claiming a larger share of oil revenues, forcing dramatic cuts in oil production.
Oil companies have not hesitated to ally with repressive local power structures, with Shell accused by some activists of involvement in the deaths of Ogoni environmental demonstrators and the execution of writer Ken Saro-Wiwa in 1995.
The instability is partly a result of the oil trade, "Africa's curse," which has encouraged reliance on only one product, preventing the development of other industries, while the oil wealth has nearly always been frittered away on enriching the ruling elite.
Critics say oil producers such as Nigeria, Angola and Gabon are doing worse than many countries without "black gold".
In Nigeria, tens of thousands of oil barrels get stolen every day, but that is only a reflection of the massive theft which has gone on at state level.
Up to $400-billion have gone unaccounted since 1970 while the country's per capita income has plummeted, with more than 70% of the 130-million population now living on less than a dollar a day.
Another flagrant example is Equatorial Guinea, which has one of the world's highest per capita incomes, but where three quarters of the population do not have enough to eat.
Oil companies making advantageous deals with corrupt regimes worry little about such concerns, but in the long run, they could become an additional problem for Western governments trying to secure energy supplies in Africa. - Sapa-DPA
Nigeria: FG Earns $2 Billion from Sale of Oil Blocs
June 13, 2006
Mohammed Shosanya
The federal government earned the sum of US $2.187 billion as signature bonus from the sale of 152 oil blocks awarded between 1990 and 2006,Tony Chukwueke,the Director of the Department of Petroleum Resources (DPR), has said.
Chukwueke who disclosed this yesterday while presenting a paper titled "Ac reage Licensing Rounds in Nigeria-The journey So Far" at a stakeholder forum in Lagos, said the federal government will continue to woo investors into the country with a view to boost the downstream sector. The director however regretted the recent capture of five Koreans by Niger Delta militants and said that the nation loses over 800,000 barrels of crude oil due to the recent upheaval in the nation's oil rich region.
According to him, Shell Petroleum Development Company (SPDC), incurred about 500,000bpd of the entire loss occasioned by the attack. "We are experiencing one of the most difficult periods in the history of Nigeria's oil and gas industry. As I am talking to you, Nige ria is losing over 800,000bpd. So this is a trying period for the Federal Government despite its drive to ensure that sanity reigns in the sector".
The DPR boss further warned that if the incessant spate of attacks is not arrested, it might jerk up the price of crude oil in the international market to an abysmal level. While faulting the Bonga oil field being operated by Shell Nigeria Exploration and Production (SNEPCO), as a shallow exercise, the Director said the FG stands to earn nothing from the project in which it has committed much funds.
I thought there was an accountant and a temp in addition to Brandhuber.
Mongo, I would think the employement agreement in an SEC (edit) filing from 12/05 is probably more up to date re: Brandhuber's compensation.
Or maybe I missed something you were trying to point out?
Strass, I can't figure out how to post it here - but here's link Spec provided previously. The very last paragraph on the first page of employment agreement (pg 18) states that his "bonus" is based on pps.
http://sec.freeedgar.com/displayHTML.asp?ID=4187176
Strass - I'm probably a little too jaded to be debating with you. This is the OTCBB and, from my experience, ERHE is doing better than most re: their filings. Glty.
Personally, I don't think they are the same people and I don't think their posting styles are described in this example. Additionally, I think they both are very upfront in their posts.
However, you asked for "proof" that poster on message boards with multiple alias' could somehow affect the pps. I was simply giving an example.
Strass, agreed the filings, communications, etc. have been very poor.
I know that I'm in the minority here - but it IS an otcbb company with 3 employees, one a temp, and 2 who've been with the company between 3 - 6 months. Not only that, they are SIGNING good contracts with Nigeria and China, involving oil. I absolutely give them credit for what they've accomplished this year.
I can understand the frustration many longs are having (I have the same with other companies I'm invested in). But as a "newbie" here, I think they are making things happen. And, in my experience in OTCBB stocks, they are typically "talking" about all they are going to do through press releases, yet rarely accomplish anything. Imo, ERHE is the polar opposite.
Again, I really think we need a quality pr but am willing to wait until there is solid information to announce.
Glty.
Amj, if you go to news.google and try erhe you only get latest Silverstein articles - pitiful! We need a PR.
I would like to see the example of how using multiple aliASSes works in getting people to either buy or sell. Show us.
Below is an example from the SEC on how posters use the "pump and dump" scam on message boards using multiple alias'. On the flipside, as far as I can tell, there has been no indictments (or "proven" instances) of a "paid basher". Not to say individuals aren't utilizing the boards to manipulate, however, the "paid basher" theory remains unproven.
SEC Brings Emergency Action in Federal Court to Stop Fraudulent Manipulation of Microcap Stocks
On April 6, 2006, the Securities and Exchange Commission filed a civil injunctive action in the United States District Court for the Eastern District of New York charging Faisal Zafar and Sameer Thawani with perpetrating an ongoing securities fraud over the internet. The complaint alleges that since late 2004 and as recently as March 2006, Zafar and Thawani have engaged in a "pump and dump" scheme to manipulate the market for at least 24 thinly traded "microcap" or "smallcap" stocks. The defendants have made over $873,000 by purchasing the stocks, anonymously disseminating false information about the companies on popular internet message boards, and then selling the stocks at artificially inflated prices.
Acting on the Commission's application for emergency relief, the Court issued a temporary restraining order that, among other things, froze the defendants' assets and set a date for a hearing on the Commission's motion for entry of a preliminary injunction against further violations and other relief while the action is pending.
The Commission's complaint identifies the defendants as follows:
Faisal Zafar, age 32, resides in Yaphank, New York, and is listed on the website of a company called Secure-Minds, Inc. ("Secure-Minds") as its President and CEO.
Sameer Thawani, age 27, resides in Lake Grove, New York, and is listed on the Secure Minds website as its Vice President.
The complaint further alleges the following facts:
After buying shares at prevailing market prices, Zafar and Thawani used online aliases to post messages touting the stock and containing phony press release excerpts or other fake "news" about the issuer to deceive investors. The phony headlines concocted by the defendants include huge business contracts, mergers and strategic alliances between these little-known issuers and an array of major corporations -- such as Google, Kmart and Sun Microsystems -- and other dramatic developments designed to make the targeted stocks appear to be surefire investment opportunities. The defendants have also preyed on fears about terrorism and international health epidemics to deceive investors. After the London subway bombings and reports concerning a deadly "bird flu" virus, Zafar posted messages falsely stating that one issuer was receiving a contract from the Department of Homeland Security to improve security on New York City subways, and that another issuer was acquiring a company that produces "bird flu" vaccine.
Zafar and Thawani are engaged in a classic internet "pump and dump" manipulation scheme whose basic structure is as follows: (1) one or both of the defendants purchase shares of the issuer's stock in their online brokerage accounts; (2) the defendants register multiple online identities ("User IDs") with internet message board services; (3) the defendants post multiple messages attributed to their User IDs on internet message boards devoted either to the touted stock or to other, more widely followed stocks; (4) the messages contain materially false statements about the issuer and urge other investors to buy the stock; and (5) as soon as the stock price increases due to purchases spurred by the false statements, the defendants sell their shares at the inflated price for a quick profit. After their sales, the price of the stock quickly returns to its pre-manipulation level. These events sometimes all occur within the span of a single day.
The defendants have created at least 300 different User IDs and have used them to post well over one thousand messages fraudulently touting the stock of at least 24 small-cap issuers, some of them on multiple occasions. The defendants created these multiple online aliases in order to conceal their identities from investors and make it appear as if the same breaking "news" is coming from multiple independent sources. More recently, the defendants have also targeted specific investors by posing as moderators of internet user groups devoted to low-priced stocks and sending emails to the group members while simultaneously posting false messages on different internet message boards about the same stock under different user names. The emails have been sent out under user names such as "marketgeneral" and "danielbknight," among others. These emails purport to alert investors to imminent news about the stock and urge them to capitalize by buying the stock before the "news" is made public.
The complaint alleges that by engaging in this conduct, the defendants violated antifraud provisions of the federal securities laws. Specifically, the complaint alleges that Zafar and Thawani violated Section 17(a) of the Securities Act of 1933 ("Securities Act"), Section 10(b) of the Securities Act of 1934 ("Exchange Act") and Rule 10b-5. The complaint seeks a final judgment (i) enjoining the defendants from violations of these provisions of the federal securities laws; (ii) ordering them to disgorge all their ill-gotten gains; and (iii) and imposing civil money penalties. Pending a final determination of this action, the complaint also seeks a preliminary injunction against the foregoing violations and continuation of the emergency relief ordered today.
The Commission acknowledges the cooperation of the United States Attorney's Office for the Eastern District of New York and the Federal Bureau of Investigation in this matter.
http://sec.gov/litigation/litreleases/2006/lr19642.htm
Imo, it's already started His regal, pedantic, superiority cloaks a lethal purpose as time will tell.
Posted by: umbra
In reply to: Strassenheim who wrote msg# 59211 Date:6/12/2006 2:57:24 PM
Post #of 59299
I'm glad to know some of you picked this error up earlier. It seems quite odd that "management" would seemingly allow it to go uncorrected.
Posted by: umbra
In reply to: Art2004 who wrote msg# 59204 Date:6/12/2006 2:11:26 PM
Post #of 59299
Thank you for correcting my failure to include an (s), Art.
Read Carefully the 02 March sale. It mentions Block 2 twice but the last sentence in that paragraph says Block 4.
IMHO
perhaps this typo has been corrected or is of little consequence. Very unprofessional though don't you think?
Posted by: umbra
In reply to: getgreen who wrote msg# 59193 Date:6/12/2006 1:39:26 PM
Post #of 59299
I assume that in the "Sale of Participation Interest" section, the 02 March transaction pertained to Block 2 and not Block 4 as stated.
This might well be "old news" but I thought atleast someone could verify the correction.
Many thanks
Don't follow this company but just got this email and thought folks here would be interested.
NANO-PROPRIETARY, INC. ANNOUNCES THE ALLOWANCE OF PATENT FOR SYSTEM OF SELLING ADVERTISING OVER THE INTERNET
AUSTIN, TX – Nano-Proprietary, Inc. (OTC BB: NNPP) through its subsidiary, Electronic Billboard Technology, Inc.(“EBT”) announced that its U.S. Patent Application No. 09/553.012 entitled “System and Method for Selling Advertising Space on Electronic Billboards over the Internet”, covering all indoor and outdoor electronic displays, has been allowed. This patent application was originally filed April 20, 2000 with a priority date of April 22, 1999.
The allowed claims relate to methods, systems, and computer programs that facilitate displaying advertising information on multiple indoor and outdoor electronic billboards, displays, and other types of electronic signage.
These claims relate to electronic displays managed using a network of information handling, transmission, and control systems communicating with each other using the internet or a computer program.
For example, claim 23 of the patent covers the concept of managing, from a remote location, the information to be displayed on a network containing multiple electronic displays, including the ability to control the time, duration, and the display location of the advertising. The claim also covers the method of paying for the advertising as part of the process.
Several claims also deal with computer programs developed to manage the information, including claim 41 which deals with computer programs designed
to: receive content, receive a designation of a target display device to display the content, receive a designation of a time to display content, and to provide information on the date and time availability of target display devices.
“We are pleased that this seminal patent has been allowed,” said Marc Eller, Chairman and CEO of Nano-Proprietary, Inc. “With the explosion of digital advertising, this patent has tremendous value and should begin generating revenue in the very near future.”
Digital advertising networks have experienced exponential growth in recent years and now are a multibillion dollar market. This patent applies to any situation when the placement of digital ads is remotely controlled using the internet or a computer program. Examples could include indoor and outdoor advertising, including high traffic locations such as airports or train stations, indoor and outdoor Sports arenas, digital point of purchase and other advertising in national, regional, and local retailers, as well as other high-traffic locations. In addition to this allowed patent application in the U.S., Nano-Proprietary, Inc. has similar patent applications pending in Europe, Canada, Korea, and Japan.
Nano-Proprietary’s business model is to license its intellectual property to others, or to combine its resources with industry leaders to deploy the technology that results from that intellectual property. We will consider all options and business models that relate to this patent in order to maximize
shareholder value, but we expect revenue generated by this patent to be related to advertising displayed on devices using methods covered by this patent.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary’s business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary’s annual report on Form 10-K/A for the fiscal year ended December 31, 2004, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary’s web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the field of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc.
(EBT) possesses technology related to electronic digitized sign technology.
The Companies have over 200 patents or patent applications pending.
Nano-Proprietary’s business model is to license its technology to partners that will manufacture and distribute products using the technology.
Nano-Proprietary’s website is www.nano-proprietary.com.
Sidewinder, just to clarify, this is Addax's road show. Brandhuber may or may not attend and there may or may not be any mention of ERHC.
LOL! All I could come up with was "falsehood"...
Probably...but could you imagine going to an "industry event" to make such an announcement and ending with "we just don't know what to do about it"?!?!?!
I could never do business in Nigeria - this kind of stuff would make me lose my mind. Imo, hats off to Brandhuber for what he's been able to accomplish.
Nigeria: Over 800,000 Barrels of Oil Shut
© 2006 The Associated Press
LAGOS, Nigeria — A Nigerian government official said Friday that 800,000 barrels a day of oil production are shut in at the country's Niger Delta, higher than previously reported.
Speaking at an industry event in Lagos, Tony Chukwueke, director of Nigeria's Department of Petroleum Resources, said "This is a huge loss to Nigeria and we don't know what to do about it."
Until now it was thought that attacks by the region's militants, who are fighting for regional control of Nigeria's oil resources, had cut the country's crude oil output by more than 500,000 barrels per day, most of it from a joint venture operated by Royal Dutch Shell PLC .
The major militant group _ the Movement for the Emancipation of the Niger Delta _ warned recently it was preparing for a major attack on the Nigerian oil industry.
Militants have also said they were aiming to cut Nigeria's oil exports by 1 million barrels per day.
Nigeria, a member of the Organization of Petroleum Exporting Countries, currently exports between 2.3 million and 2.4 million barrels per day.
Nigerian industry sources were unable to say why an extra 300,000 barrels per day are offline.
http://www.chron.com/disp/story.mpl/ap/fn/3954695.html
OT: Alright, here's another good joke whatever your party affiliation...(taken from another board)
George Bush has a heart attack and dies.
> He goes to Hell, where the Devil is waiting for him.
> "I'm not sure what to do," says the Devil. "You're on my list, but I
> have no room for you. But since you definitely have to stay here, I am
> going to have to let someone else go.
> "I've got three folks here who weren't quite as bad as you. I'll let one
> of them go, but you'll have to take their place. I'll even let you
> decide who leaves." George thought that sounded pretty good, so he
> agreed.
> The Devil opened the first room. In it was Richard Nixon and a large
> pool of water. He kept diving in and climbing out, over and over. Such
> was his fate in Hell.
> "No!" George shouted. "I don't think so. I am not a good swimmer, and I
> don't think I could do that all day long".
> The Devil led him to the next room. In it wa s Tony Blair with a sledge
> hammer and a room full of rocks. All he did was swing the hammer, over
> and over, tim e after time.
> "No! I've got this problem with my shoulder, I would be in constant
> agony if all I could do was breaks rocks all day", commented George.
> The Devil opened the third door. In it, George saw Bill Clinton Lying on
> the floor with his arms staked over his head, and his legs staked in a
> spread-eagle pose.
> Bent over him was Monica Lewinsky doing what she does best.
> George Bush looked at this in disbelief for a while and finally said,
> "Yeah, I can handle this."
>
> The Devil smiled and said "Ok, Monica, you're free to go!"
>
"We found this vein thanks to Brother Supermanny"...
Ameritrade shows .42/.42. eom
You forgot 8K saying corporate offices were searched and article written by a journalist with a grudge against the company on Harper's online. :)
Rambus, thanks for posting! Here's text:
"This publication sets out the basic information on tax and business regulatory issues that potential and current investors need to know when investing in the Gulf of Guinea, comprising: Angola, Cameroun, Equatorial Guinea, Gabon,
Nigeria, Republic of the Congo and Sao Tome & Principe.
The information contained therein is intended to be of general interest to the reader and it does not address the circumstances of any individual or entity. Although the contents of the publication are correct to the best of our knowledge and belief at the time of going to press, readers are encouraged to seek specific professional advice before taking any action on the basis of opinions expressed.
We disclaim any responsibility whatsoever for any loss or damage suffered by any person on account of reliance on this publication.
KPMG"
Page 76
"Licensing Rounds
In June 2005, five offshore oil blocks in the joint development zone between Nigeria and Sao Tome and Principe were awarded to various bidding companies including the America based Environmental Remedial Holding Corporation
(ERHC). Oil block and interests in oil blocks were granted to other companies such as a consortium of International Commerce and Communications (ICC) and Oil Exploration Consortium (OEC).
Before then, in April 2004, Chevron was awarded the right to conduct exploration activities in deepwater Block-1 in the Joint Development Zone (JDZ). Other companies such as ExxonMobil, Esso Exploration and Production Nigeria-Sao
Tome "One" Limited, and Dangote Energy Equity Resources, have also won the right to explore for oil and gas in the country.
Major Players in the Oil and Gas Industry in Sao Tome and Principe The major players include ExxonMobil, Chevron and EHRC."
Hoehne - I'm not very good at technical analysis myself, still learning. But, so far, I've liked this site to give me a snapshot of typical indicators.
Others with more experience may have more input on what sites they think are beneficial.
http://www.stockta.com/cgi-bin/analysis.pl?symb=ERHE&num1=41&cobrand=&mode=stock
OT: Ok, I know I'm going to prove the old saying "it is far better to have people wonder how stupid you really are than to open your mouth and remove all their doubt" but is there really such a verse? 'say one thing and do another and u shall be blessed'
Thanks for the update. eom.
Posted by: Art2004
In reply to: None Date:6/7/2006 11:08:36 AM
Post #of 58269
Just spoke to Carol at ERHC offices. Now, Brandhuber is not due back to the office untl the end of the week.
I hope he is in a far away land doing something that is very important.
Lol! Me at .59!
Mongo, great link, thanks. It supports an earlier theory of mine that "individuals" are prosecuted for their actions when working for a company.
2 of the cases outlined discuss criminal indictments being issued to several individuals involved in the alleged bribery. All, I believe, still working for the company.
The (edit) third case details a case where the company was actually paying "commissions" that are considered illegal, therefore, the company faced fines.
So, imo, IF, IF there is any evidence of fcpa violations, the individuals responsible for them will be indicted. There's NO WAY it's Brandhuber or the accountants who've been with the company less than 6 months. It will be former employees or board members.
Just wondering, where do you see bottom?
I agree and am not overly concerned about the warrant. I figure if I can google "congressman jefferson" and find an article with erhc in it (one that alleges erhe bribed the Pres, no less), then anyone involved in the investigation could, too. Since I found that article I've been convinced the govt agency investigating the matter is throwing darts to see which will stick.
And, all connections I've seen are in relation to Noreen Wilson. Prior to the Platt's article, I didn't realize she actually worked for erhc. Thought she was just a shareholder. As far as I can tell, though, she hasn't been with erhc since 1999, does that sound right to you?
I also agree there's no way Offor would've needed anything from Jefferson. But, there was an earlier suggestion that maybe Jefferson wanted Offor's help and attempted to contact him through the erhc office.
Although, I don't think anything will ever come of this warrant, I do think it has and will continue to make some investors uncomfortable enough to sell or not buy. This stock is already considered "very high risk" by many - the combination of Nigeria, China, oil...then you throw in the 8k and Silverstein's interpretation of it, just too much of a gamble for lots of investors.
LOL! "2 months too long" - me, too. I have such a hard time "trading" when I come to believe in a company - always convinced "tomorrow will be the day". Don't know how many times I have to learn this same lesson...
The entry was posted in 5/06 but the article is from Platt's 1997.
There is no mention of wrongdoing on erhc's part in the article, the poster, however, is trying to make a connection to the Jefferson case with Noreen Wilson.
My point about it being from 1997 is that, if indeed, that's where any connection comes from, it was 9 years ago.
Agreed, article has nothing to do with Jefferson. Just found it interesting that there are other forums out there with conjecture that erhc has any connection with Jefferson.
And, I also found the article interesting re: company 9 years ago. Just for fun, anyone been holding this stock that long?
OT: Below is a blog with a post at the bottom re: erhc. Not sure why, but this poster also connected erhc to jefferson. Note the article referenced is from 1997 - almost 9 years ago.
http://strata-sphere.com/blog/index.php/archives/1879