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.
I don't second guess myself in hindsight...
you can go nuts that way! The future of ERHE is clear and strong. Do I wish I sold in the 0.90's?
Well DUH!
But it just as well could've went to $3. Instability in Nigeria, search warrant, and a deaf mute CEO has taken it's toll. But that's all temporary.
Or you could just pony up at the ask.
"SEO wants the stock price down" Nope, but...
it isn't a priority AT ALL right now. SEO used his influence to secure significant rights in the JDZ.
Why? to turn around and sell those rights before proving oil?
Nope.
Did he secure those rights just to sell ERHC to the highest bidder?
Nope.
Sir Emeka Offer used his influence to secure rights to a significant portion of the OIL that is in the JDZ and STPEEZ. They haven't even poked a hole to prove out anything let alone set up any production rigs. SEO and to a lesser extent, Mr. B could care less if the share price went to a dime. it is irrelevant right now. They know that at the end of the day the rights they have will justify a market cap of $10B maybe even $20B, if they hit the mother load. Gotta poke holes to find out, and until they do, this share price is going to meander up, down, and all around.
Play it if you have the stomach for it, but don't be out when a buy-in announcement hits... which could be early next year... or tomorrow.
Addax won't mention ERHE...
We want Brandhuber to go on a road show to promote ERHE to the investment community. That's exactly why Addax is going on a road show... to promote THEIR shares. I would be SHOCKED if they mentioned ERHE at all... unless all this road show talk is the result of a merger deal between the two.
I'm not ruling that out yet.
As for recent share price action... I think there were a LOT of people in ERHE that were in for the pop after the PSC's were signed. Well, that didn't work out so well.
What's left is people realizing that this might just float at this level like a turd in a toilet until rigs are moved, oil found, production implemented. It could be YEARS before this moves.
I personally don't believe that, but many do. They bought for the PSC pop that didn't pop and one by one they are giving up.
We should be bottomed out by now. If we had management that owned shares maybe things would be different. In time, that will change.
wbrandhuber@erhc.com, let him know what you think.
There are "quiet periods", I understand that.
A 50% drop without a word is neglect, not a quiet period. If they want this stock to be popular, as we do, then THEY have to change their ways. If they have a deal pending with Addax then go ahead and do the whole quiet thing, but that does NOT mean they can't comment on the search warrant... a simple "without merit" statement will do. I'm use to MM's shaking loose hands out, but management itself orchestrating selloffs? This puppy is a weird one for sure.
Mr. B, when you're losing the loyals it speaks clearly that you need to change.
lol@umbra... take a nap.
Move on to what, umbra?
Instead of "very, very wealthy by Easter" you now say the price could fall into the 0.40's. Is THAT what you want to move on to? Why? What's in it for you?
For someone supposedly close to the action don't you think that shift is a bit extreme? According to you, many here have went from retiring to losing a lot of money in just two months. You've painted yourself into a corner, you're a joke... a fraud.
I wondered after Meridian turned when you would follow. Now we know.
"supposition, feelings, thoughts, ideas, recommendations"
Those things are what this board and others are all about. But posting "By Easter you will be very, very wealthy" without anything to back it up is a bit different than posting "what if's".
You made a statement, and made that statement as thought it were fact. Two months hence it is still a bunch of bullsheet. And now you want credibility as you turn negative trying to deflate the share price?
Whatever ERHC has in the works must be getting real close! LOL!
"What does one say without offending?"
Verifiable facts might help?
OT: Hunter...
For seven years I've watched you post how you only rely on your own DD, yet you did not know Offer is COB of ERHC???
I find that quite humorous!
Walldog, Brandhubers own words...
"Anything is for sale, for the right price."
NEVER rule that out. SEO may want control of ERHC Energy, but for 10 billion dollars he could start over again... with rigs this time.
BB, based on the 10-14B bbl estimate in the JDZ.
The only way to even get close to the CONSERVATIVE estimate is multi-billion bbl finds. Block one has the most and best prospects. This isn't a 100M bbl find as suggested by BM... not by a long shot.
You know that.
david, ABSOLUTELY!!!
"a road show for a fifty cent stock with no company operations?"
This will be a road show to explain to Wallstreet that ERHE has an average of 17% rights in THREE OF THE MOST PROLIFIC OIL BLOCKS IN RECENT HISTORY!
ABSOLUTELY now is the time to tell the story. With the PSC's in our pocket I'll bet the majority of B's time has been prepping to tell the story.
I also believe there will be an announcement the will catapult ERHE off the garbage OTC... they won't list on another exchange overnight, that'll take some time, but they will clearly demonstrate the ability and qualifications (ie. share price) prior to the road show.
JMHO
"What is it that we have for sure? Signed rights to 3 blocks with good seismics...carried to first oil..."
GOOD SEISMICS??????
Estimates of 14B bbls in the JDZ... at $72 a bbl...
what ERHE has is a foot in the door of a room containing over a TRILLION dollars worth of oil.
Belittle it all you want, it's still huge. I'm not to the point of saying Brandhuber needs to be replaced, but he's running up on a deadline imposed by the markets to ged-r-done.
Just look at the share price.
Supposedly there's a road show planned for June-July, for his sake... and ours... I hope so.
I know these things take time, but to allow ERHE to wallow at this level after signing the PSC's points to management incompetence.
Fishdog... I'm sure
they didn't use a crystal ball and a crayon. If you're going to produce maps of the prospects, don't you think it would be wise to use the seismics that identified the prospects to produce those maps?
To answer your question, I don't *know* that they were used. But c'mon, do your really want to imply they weren't?
doug c, regarding your PM...
I agree it's all speculation. But I prefer that the speculation has some sort of tie back to some known data.
Look at the map of the prospects. There is not a miniscule shred of evidence anywhere that ANY prospect in #1 could be mostly in #2.
It's detrimental to say things like that and get peoples hopes up. The letdown when reality hits only pushes the share price further down.
Based on the prospect map about 25% of prospect A2 (by area) is in block 2. Given that most structures thin out near their edges I would feel lucky if 10% of the oil in A2 is in block 2.
To suggest otherwise, er, I mean speculate, is just wrong. Those maps were created from high quality 3-D seismic data. They are accurate to within a couple of meters.
http://i50.photobucket.com/albums/f346/CobraJet1/B1-FIELDS.jpg
The only prospect with the majority of it's oil in block 2 is C.
Block 1 prospect A might straddle, but only at it's outer fringes and commercially worthless. A1 does not straddle. If we're lucky A2 will net ERHE 10% of it's oil.
I wish people would quit saying things like this:
" possible that the cvx 150 ft net pay well is on the first point of the football with the main part of the football in blk 2"
"The main structure is in block 2"
LOOK AT THE STRUCTURES:
http://i50.photobucket.com/albums/f346/CobraJet1/B1-FIELDS.jpg
A and A1 are CLEARLY not in block 2. A2 has a significant (but less than half) overlap into block two.
Look at the dang map and quit posting this garbage that the majority is in block 2. It isn't. To say otherwise is pure worthless pump.
Since CNBC doesn't cover pennies, and Mr. B said ERHE would be on CNBC in June or July, could this dead silence from the company be the quiet period before some buy-in announcement that makes ERHE grow beyond the penny ranks prior to CNBC coverage?
150' net pay, multiple pay zones, off structure
oilphants "herd of elephants" seems to fit. We need a drillship, bad.
So just what DOES Brandhuber do all day?
We've got full carries in the blocks where we participate so we aren't responsible for drilling. To my knowledge 5 & 6 aren't being offered yet so there isn't any negotiating for those and the STPEEZ is on hold for now...
Yet Brandhuber is too busy to replace that godawful "Coming soon" with an actual letter to the shareholders on their website? What's he doing? If ERHC plans on any serious investors taking note then the website needs a serious overhaul.
The only thing I can see that would monopolize his time like this is buyin/buyout negotiations... yet it seems too early for that, we don't know what's down there yet.
So is he really busy, or is he golfing at our expense?
LOL! @ umbra eom
umbra, apparently you don't read my posts...
Posted by: tryoty
In reply to: Art2004 who wrote msg# 55244 Date:5/25/2006 10:21:40 AM
Post #of 55935
Art,
I think we know that answer. They will release as little as possible... UNLESS they'va already secured buy-ins in the other blocks, which is HIGHLY unlikely.
There was never a doubt that the PR would be useless... except that they released one that claimed there IS oil. The fact that they didn't say dry hole is huge. I expected them to try that.
It's bigger than we expected! LOL! Why'd
they even bother?
Art,
I think we know that answer. They will release as little as little possible... UNLESS they'va already secured buy-ins in the other blocks, which is HIGHLY unlikely.
namy... some answers...
Posted by: jdubs
In reply to: None Date:5/16/2006 10:57:55 AM
Post #of 55240
Email from WB...
Ok guys. I just received email from Brandhuber. I've been in contact with him since mid-April but held this from you on his request (up until today.) He asked that I send his earlier email (April 28th) to you that would give you some info. ENJOY!!!!
Dear Mr. XXXXX,
>
> Thank you for your kind remarks.
>
> I understand your concern for more information about the company's
> activities and progress. When I joined the company in late January the
> company faced a whole series of critical issues that needed and continue
> to need my undivided attention. It is my objective to growth the company
> and to significantly increase shareholder value during the course of this
> year.
>
> We are preparing a investor road show. The date will be announced. A
> series of interviews with film footage will be aired on CNBC in June or
> July.
>
> Rest assured that major developments will be announced in a timely manner.
> However, it takes a lot of preparatory work before we can take it to the
> market. We are making up for a lot of lost time in the past. I ask for
> your patience and support. Thank you.
>
> Sincerely
>
> Walter F. Brandhuber
> President & CEO
> ERHC Energy Inc.
OT: question to a moderator.
Sometimes when I get private messages clicking on the link to them takes me to an unrelated message. I can only see the subject line in my mailbox and can't get to the message body.
This is very frustrating.
$1.1B SIGNING BONUS??? For a 40% stake???
Good lord, what will they offer ERHE when we have PROVEN in block 2?
Talk about thirsty!
doug c...
The entire 2 hours is worth watching whether you know the result or not. It was absolutely the best musical entertainment I have seen in my lifetime!
They may call it reality TV, but Idol is the most pre-planned and staged show out there.
And it was worth every penny tonight.
tex, I truely appreciate you sharing that. You're lucky to have a pension to back you up and you've indicated that a 10-12% avg market return on your "investment money" wouldn't impact you in a positive way, at least not significantly.
That makes sense.
You have your pension. Using your investment money on a potential zip code changer as your are is understandable.
I sincerely hope to here about that new upscale neighborhood when you move in!!
I mean that!
I read it. It's ones like this that irk me...
"Posted by: umbra
In reply to: Tapco1 who wrote msg# 36228 Date:3/24/2006 4:11:18 PM
Post #of 55132
By Easter you will all be wealthy...very, very wealthy."
It's posts like these that sucker in the naive. I have never traded on your words, or anyone else's, that's crazy. But the fact is... people do things like the above as fact you should bear responsibility when they turn out to be pie in the sky.
If and when your words ring true I will offer a public apology and eat my hat! I was just taken aback by Claude's post that he has effectively EVERYTHING in this. This is a little minnow facing hundreds of big oil's best lawyers. They could be squashed like a bug and left with nothing. Where would Claude be then?
Being upbeat and positive is fine, lord know almost all of us are. But to post things like By Easter you will all be wealthy, and now investors "will find themselves more wealthy, ultimately, than they would ever have imagined."
Those are posted as a fact, not as opinion. There are people that act on that stuff, thus we have bashers and hypsters.
I've said what I needed to.
Peace umbra.
Umbra, posts like these...
are fun to read, but you said the same thing in the 90's and now it's in the 60's.
Will you say it again in the 40's?
Will you feel guilty for naive people like Claude Alain that posted he has 95% of his money in this?
People make horrible mistakes like that based, in part, on your predictions of incredible wealth. They shouldn't, but human nature is what it is.
Will you bear any responsibility for your actions?
Nope.
We all hope it's true, but until it is you're just another shark playing his game... whatever that is.
umbra, would you go so far as to put a 3, 5, and 10 year number on that strong belief?
I would hope so, but doubt you will.
Walldog, the "news" that has us rising is simply, "ERHE filed, the 'E' is gone."
I very strongly doubt that CVX's PR will do anything for ERHE's price... unless of course the PR includes something about buying the straddle from ERHE!
If what I saw in my account were true... You'd never hear from me again! LOL!
Brokerage computer updates run cycles every night. Hopefully everyone will be on the same page by morning. I doubt it, but given the fact that the "E" raised our SP I would expect the silence on the removal to do that as well.
People invested in a stock that will take several years to develop should realize the it WILL TAKE SEVERAL YEARS TO DEVELOP!
Art,
in Mr. B's response he said "very soon".
A few months should be about right.
This is a funny place...
People blast the meridian's, the umbra's, the oilphant's, and the angryasian's when anything they say doesn't happen.
People, you ALREADY know most, if not all of these characters under other "respected" aliases. Treat what they say as such.
Trust your DD and make decisions accordingly. Having a thought beyond entertainment value based on this board is foolish.
For every barrel pumped...
50% goes to the JDA right off the top.
The remaining 50% is split 80/20 at first into cost oil/profit oil which slides over time to 20/80 cost oil/profit oil.
So in the beginning, based on the PSC percentages ERHC will get
(on average) about 1.7% of total oil production which will increase as costs are recouped to 6.8% of total oil production. Remember, that's profit oil, after costs. Other than the admin expenses back in Houston and ongoing negotiation costs, that's BOTTOM LINE OIL!
If 9-10B proven reserves exists in 2, 3, & 4 combined the math works out to ERHC have about $20B USD (at todays prices) in profits sitting in the ground. It'll take decades to get it out, but that's a LOT of profit.
And it's just the first three blocks. I am REALLY curious why SEO/Mr. B negotiated partials in the JDZ, but locked 100% in the STPEEZ. Do they know something about that area already?
This is a 10-15 year hold until any of us realize what we have. I'm not saying it won't run a lot sooner, in fact I'll be disapointed if it does run hard this year. But maturity is a decade or two out.
" I still was surprised to see that WB plans a roadshow in June or July"
It wasn't a road show. It was a spot on CNBC.
I think the email stating that is why Jane had to hit the road. If you look at most of the emails sent that week Brandhuber signed them without his middle initial.
The one posted by jdubs included the middle initial and all the other enticing tidbits. I believe Jane was helping to wade thru the mountain of email and let the cat out of the bag and got canned for it.
Bingo@alwright! Who would dare being out of this over the weekend?
TFA, the "E" just means news is just around the corner.
What better indicator that a company is going to announce within a very short timeframe than the "E"?