Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Magic, you missed one other fact...
Brandhuber should be embarrassed and his employees ashamed of where this share price is.
He could fix it, but he CHOOSES not to. Probably looking for even lower priced options... which seriously undermines his credibility with the market, and me.
Nigeria would invade STP before renegotiating the JDZ.
Can't we just accept that ERHE's rights are set in stone? The JDZ is done. The STPEEZ is years away and will be stalled years beyond that if STP pulls and stupid tricks. In my opinion, once STP gets a taste of the stupid amounts of money headed their way they are going to cooperate to make sure they can get even more.
STP is about to become the richest nation per capita on earth. Does anyone seriously believe they want to stall that for a decade?
Ain't gonna happen.
You sat on that for 7 days??? I would think something that important would be posted immediately... I know I would.
Thanks for sharing it though.
I LOVE this!!!
"An industry analyst said the ongoing investigation of ERHC with a controlling interest by a Nigerian firm is an indirect way of checking the influx of Nigerian companies in DRSTP. He added that it is wrong for the US government to launch an investigation based on a report that is a direct attack on the Nigerian government. "It appears that the investigation has been orchestrated to create grounds for terminating the valid contract with ERHC and create opportunities for US majors to dominate the country’s E^P activities needed to guarantee supply to the US. The matter of interests in the JDZ awards is the subject of treaty between the governments of Nigeria and DRTP", he said"
They just told the U.S. DOJ: "bite me."
ROTFLMAO!@DBD/IBN eom.
I know I won't renew my I-HUB subscription until Matt gets off his "gotta be politically correct" wagon and grows a set.
For the amount they charge we have to tolerate far too much B.S.
TFA, if I had to guess...
which I do... I'd say that the entire ERHC website will be updated and this company will promote itself at that next level.
There ain't gonna just be a "letter to the shareholders", the entire site will be redone, IMO.
I hope so since half the information there is inaccurate anyway. Dang site still has us paired with Pioneer!
Sidewinder, "hopefully" Sept or Oct...
It's 100% in their control, but they are "hopeful" to get it done in either Sept or Oct.
In my experience CEO's don't like hold shareholders meetings where they can't gloat about how wonderful they are. So when I read Sept/Oct I get the feeling shareholders will be in a happy place by then. Whatever they've got for us, they're hopeful to have in in our hands by Sept/Oct.
________________________
Tryoty:
According to the company, ERHC is hoping to have an AGM in September or October.
Dan Keeney, APR
DPK Public Relations
_____________________
dan@keeneypr.com
wbrandhuber@erhc.com
Now THAT would make a GREAT news headline...
Condaleeza Rice charged with directing illegal search and seizure as favor to Chevron buddies where she sat on the BOD.
Where's a good investigative journalist when you need one?
Talk about political corruption and oil... this fits in with the best of them.
emdyal, if you're truely *that* concerned about...
communication then take it up with Brandhuber and the BOD. Whining like a first grader on the board won't do you, or us, any good whatsoever.
I started this fiasco by trying to rally the board to pressure management to flip us a bone now and then. You took the torch and instead of pressuring management you are complaining incessantly here. Your agenda is clear. *We* can't release PR's, so your posting here is simply to instill doubt and induce panic.
That ain't gonna happen, too many seasoned vetrans around here. If you were really concerned you'd be barking up a different tree.
Send management email, if you don't get or don't like the answer, sell.
Geezuz, here we go into another weekend!
Did I start this this morning with my mini rant?
I apologize if I did.
Niko, Brandhuber is PAYING for a PR firm that he has gagged.
We could send 10,000 emails a day and it wouldn't affect ERHC personnel... that's what the PR firm is for.
Are you happy that they are spending who knows how much $$$ on a PR firm that they have instructed to tell us nothing?
Is Keeney a relative of Brandhuber or what??? "Here's a check, don't do anything."
Geez.
emdyal...
Your last sentence is insanity. All that will accomplish is a transfer of wealth... OUT of our hands.
Other than that I agree. Everyone with a dollar deployed in ERHE should be emailing both dan@keeneypr.com and wbrandhuber@erhc.com.
Anyone that hasn't or doesn't do that shouldn't say a d@mn thing here about the lack of communication.
They don't communicate because they can get away with it and have for years. Start emailing and tell them enough is enough.
I don't know if eoffor@erhc.com is a valid addy or not, I haven't tried to email him. Ya don't wanna p|ss off a Nigerian king pin! Anyone with a brass set... feel free to voice your displeasure to da man! LOL!
We're approaching 5 months...
since the signing of the PSC's. ERHC's share price has been cut by more than half. Our CEO hasn't said a word during the whole ordeal. Is everyone content with that?
Don't be lazy, send these guys a message.
dan@keeneypr.com
wbrandhuber@erhc.com
he11, try: eoffor@erhc.com
The more people they hear from, the more they'll understand it's time to communicate.
This is bullsheet...
Every single person reading this should email Brandhuber and Keeney PR and SCREAM bullsheet.
"hoping"?
"or"?
They and they alone control if and when. The is no "hoping". There is no Sept "or" Oct.
______________
Tryoty:
According to the company, ERHC is hoping to have an AGM in September or October.
Dan Keeney, APR
DPK Public Relations
_____________________
dan@keeneypr.com
wbrandhuber@erhc.com
oil-cowboy, no...
Iran has nearly all heavy sour.
"Survival Guide: Addicted to Oil"
CNBC, 8PM EST (about 40 minutes from now)
$70B for a 51% stake in a 30B field???
I hope PGS's conservative 14B bbl estimate is just that... conservative. This little minnow could do a tail-walk across the pond before it's all said and done!
Thanks for that!
Oil at $76.29. em
Welcome back Maestro...
I have never been *that* far off from what you say, but have had issues with your delivery and timing of some of your messages.
Avoiding the "I told you so's" and kicking people when they're feeling down, whether you're right or not, will go a long way to making this a more useful place. None of us are right all of the time. Mostly we are always wrong, both the hypsters like me and naysayers alike.
A sincere welcome back from this poster.
If PGS's conservative 14B bbl estimate is accurate, we're golden. I suspect their "conservative" estimate is roughly half of what they really believe. Throw in technology advancements to coax more recoverable out of a structure and the STPEEZ (not factored into the 14B bll estimate) and we *may* be 24 kt gold plated gold bars!
Welcome back.
"Survival Guide - Addicted to Oil"
CNBC: Thursday, 8PM EST
FWIW, I'll be ecstatic if they are drilling
in all 3 blocks during 2007.
That would make 2008 a pretty darn good year
I would think. Throw in the STPEEZ and next
bid round in the JDZ and we'll all get to where
we want to be.
nwtf, who is trots?
You talk in other posts about being adult about this and that. Surely you weren't name calling, you're above that, right?
So who is trots?
Gomes knows about as much about drilling
schedules as we do. Our partners are playing
their cards as close to their chest as CVX/XOM
are. They'll drill when they drill.
If you want to disect Gomes statement because it happens to fit your boogie-man "scare everyone you can" strategy, why don't you disect it accurately.
Gomes said exploration drilling in blocks 2, 3, & 4 would happen by late 2007.
Have you considered that he meant ALL THREE blocks would be actively drilling by then?
No? Oh that's right, you only point out negative things.
Sinopec could have a rig drilling this summer and Gomes statement would still be true.
Here's a fact for you Oilman...
The JDA/JMC are on their own time and always late... wait, that was your point.
Then you tried to get people to connect the JDA/JMC being late with drilling schedules being late. You're a con-artist.
Sinopec is on Chinese time and will drill when they get a rig slot. They will tell the JDA they plan to drill and the JDA will say "go, we need the money".
Addax is on Canadian time and will drill when they get a rig slot. They will tell the JDA they plan to drill and the JDA will say "go, we need the money".
You trying to connect the JDA's past performance with commercial companies future performance shows you lack morals and are here to deceive. If you truely believe drilling will not commence for 16 months prove it and come back then.
You won't because you can't scare people out of shares if you don't post and that's how you make your money, you con people out of it.
Yes...
A buy-in could mean a jump to anything from $2 to $4 or more. I don't think Offor would accept less than $2 and anything over $4 would be insane, not knowing what's down there.
Announcement of a rig slotted and drilling schedule will put ERHE on the map, as the date approaches it WILL climb in anticipation.
The buy-in possibility is the real bugger. There may be nothing in the works and this is dead money for a year, but if there is something and you're out chasing something else when it's announced, the last 3 years of torture have been for naught.
Dan Keeney is a hard @ss...
Perfectly polite, but tight on info.
Tryoty:
Thank you for contacting us. Because of Reg FD, communications of the sort you’ve described between a shareholder and CEO is no longer allowed.
Dan Keeney, APR
DPK Public Relations
_____________
Dan,
I am sorry to here that. You were hired to address shareholder concerns. The search warrant and ongoing investigation is a rather valid concern, don't you think?
I have written Mr. Brandhuber and explained my outrage that ERHC Energy is wasting shareholders money on a PR firm that merely stonewalls investors and refuses to answer pertinent questions.
I'm not a daytrader looking for an edge. I'm a very long term investor with money on the table and I am demanding some answers to very valid questions that any reputable organization would be prepared to answer.
Sincerely,
Tryoty
_______________
Tryoty:
Thank you for contacting us.
It’s simply a matter of law that all shareholders must have access to the same information at the same time. Therefore, personal correspondence of the sort you’ve described is not allowed.
Regulation FD (Fair Disclosure) provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information.
http://www.sec.gov/rules/final/33-7881.htm
Dan Keeney, APR
DPK Public Relations
___________________
Dan,
I understand that completely. I am not asking for "personal communications". This company is under attack by the DOJ and SEC and shareholders deserve to know why.
I ask that you update shareholders specifically with regard to whether its rights in the JDZ, its only asset of value, are in jeopardy.
Give shareholders "access to the same information at the same time". I wouldn't want it any other way. I've got hard earned dollars on the line and I'll be damned if you're just going to push me aside. Put out a PR. It's fair, legal, and the right thing to do.
Without its rights in the JDZ, ERHC Energy isn't worth 2 cents a share.
Sincerely,
Tryoty
_________
FINALLY, AN ALMOST ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Tryoty:
We understand your frustrations and are working to establish a flow of information. As stated last month, “ERHC continues to pursue its business plan and the opportunity to develop its rights in the JDZ.” It would be irresponsible for any company to characterize, interpret or predict events that are out of its control. For a discussion of various risks, refer to Item 7a. “Quantitative and Qualitative Disclosures about Market Risk” in the annual report.
Dan Keeney, APR
DPK Public Relations
I guess in their minds that is telling us the rights are safe.
:-/
I am sure Sinopec...
isn't advertising squat about their schedule. They'll drill when they pry a rig out of someone elses hands. And I'll bet that happens long before 2007 Q3.
I can't prove it any more than someone can disprove it.
*That* is why message boards exist.
The more we talk it out, the better off we'll all be.
Cowboy...
Someone posted that Addax trading volume has gone to near zero in the last week.
We *all* know ERHE communication has gone to zero.
If you connect the dots you can tick off Maestro and Julius at the same time!
Dig...
Something brewing between Addax and ERHE? Addax 3 month avg daily volume is 150K shares, recently near zero, and ERHE is quieter than outer space.
Hmmmmm.
When I first joined this board...
I didn't understand all the references to fortnight this, and fortnight that.
Unfortunately I am "getting it" now. It takes a month of fortnights to get ANYTHING done.
Investing in ERHE is like watching paint dry... but once the paint dries it turns to pure gold... so we sit here and watch it.
First of all, this is IMO...
Could erhc be sold in its entirety while under investigation?
Yes. There are outstanding legal issues with nearly all companies, all the time. If outstanding legal issues prevented a sale nobody would ever get acquired.
If erhc were incorporated into another company what would happen to the investigation?.
The investigation would continue to its conclusion. Any personal penalties would be levied against the former entities management and the corporate penalties would likely be dropped.
Could erhc move to another stock exchange while under investigation.
Absolutely, although the exchange would need to know in detail the nature of the investigation. It would probably be best to wait until the investigation is concluded.
I'm not sure how unitization works.
I know if I'm a block 2 member I'm not going to sign anything based solely on block 1 telling me what's don't there.
In my mind unitization is done when everyone agrees what percentage of the structure is in each block. ERHE is in no position to make that determination.
AngryAsian, Sinopec is not buying in...
It just makes no sense. They have no more data now than they did negotiating the PSC's. You're suggesting a $3.57 buy-in. They could have done that during PSC's negotiations; "Here's $3B for half of your percentages in 2,3 & 4". They don't know any more now than then.
*If* there's going to be a buy-in the suitor will be a member of the block 1 consortium. They are the only ones with knowledge of the accuracy of the seismic by comparing it to OBO-1 data.
You can rule out CVX and XOM right off the top. Neither of them is going to partner with Sinopec in block 2 and have the Chinese carry them to first oil. They're too arrogant for that.
So that leaves who, Dangote & EEL? Half of EEL is owned by Dangote, so EEL *is* Dangote.
So if we have a suitor, the only logical choice is Dangote. Do they have the financial fortitude to make a big enough offer? Doubtful.
Therefore I conclude that a buy-in at this point is a bunch of dung. Not only would ERHE be stupid to accept a buy-in not knowing what's down there, any suitor would be stupid to make an offer without knowing what's down there... with the possible exception of a block 1 member. And even they only have one data point as yet.
Well said Maestro,
If TA worked at all with ERHE the traders trading on it rather than posting about it. The more a TA guru posts targets on a message board the more suspicious it appears to me.
If I'm looking for an entry point at .37 based on the charts why on earth would I tell everyone. Creating buying competition at .37 would not be in my best interest. If a TA guru is calling for .37, you can bet they are buying .40+
TA works in conjunction with message boards and lemmings. If they keep guessing and manage to hit a few calls, then the lemmings follow. The next thing you know their "calls" become a self fulfilling prophacy.
Manti,
That'll feel good if they announce a buy-in at $2-$3 tomorrow!
Good luck.
"I like looking at my investment from all possible angles"
Then look at it FROM ALL POSSIBLE ANGLES!! For the last several days your ONLY angle has been ERHC is doomed by the DOJ/SEC.
You've posted 50+ times with ONE angle, the demise of ERHC.
Your quote above is hypocritical.
Talk it down crazy, YOU CAN DO IT! em
I think I got bit by message board
abbreviations on this one. FD's nothing
new, I'm just an idiot sometimes.
What ever happened to spelling things out?
Geez, I'm showing my age!
After the Stretch Armstrong comment the
other day I thought I had come out of
the closet with the age thing! :-P
Hey. I'm trying!