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We should send these PR's to CNBC
I little blurb about the Little Minnow that could wouldn't hurt.
They just might bite.
Someone posted Chevron's find...
was Kazakstan offshore sized. That means what Chevron hit is the size of the previous estimates FOR THE ENTIRE JDZ!
Man-o-man-o-man-o-man... the implications are staggering!
ERHE in the 3 blocks with closest proximity to block 1 and #4 especially has some good formations.
And it's under a buck. This company needs a PR firm BAD!
Maybe pete has a big sell order in for the open?
I'm just kidding Pete, but you can't post things like that and not follow up without taking a few shots.
Sorry, I'm kinda new here.
Meridian, does your alias have anything to
do with the Prime Meridian running through the JDZ?
Just curious
So all the stock-screening sites volume flag just went up.
ERHE will get some attention tomorrow, IMO. If the companies involved follow through with company PR's it should be a good day.
The *only* people on the planet screening Reuters for news on ERHE today are those that have committed too mush to this dream.
LOL!
I wouldn't say "nobody's" heard the news, but I will say a whole lot more will have by tomorrow.
badog, be careful what you wish for there!
"Who knows what oil will be valued at as we go into production"
The decimation of the world economy wouldn't help ERHE, no matter what the price of oil.
tx pete. Fair enough.
Mongo jumped.
If there *is* going to be a name change, now's the time.
No need to run months of PR's building an awareness of ERHC Energy if you're planning on changing it.
I think we'll hear something sooner rather than later on the topic, if it's true.
We need to start hammering Chevron's IR dept about block #1.
petemantx, where's the goods?
I suspect you have some Chevron dig results. i haven't been around here long enough to know about your posting integrity.
So what's the scoop?
$10/sh/bbl proved, let's get diggin! LOL
They can stop with the 1/10th cent increments any time now. ERHC deserves the respect of full round cents! LOL!
May the JDZ have this many elephants!
A JDA announcement of a successful PSC signing, followed by telling us how big the block 1 find was, and how much they estimate is in ERHE's block(s) would teach flippers a VERY expensive lesson.
That's how a company rewards its true longs.
I have a new respect for goats.
Why hasn't mongo been deleted?
I ignored him after reading his first 5 posts, but I still have to read the countless reply's to him.
Total truth...
If ERHC's not into oil in 7 years I'll have forgotten its symbol.
I'm not worried about current day-to-day, but if they aren't into oil in 12-24 months I'l be playing in a different sandbox.
After reading the last 2-3 hours posts...
I have concluded that to be "long" in this stock one needs to hold it for 57 seconds.
Geeezuz people! It'll all work out in the end, hopefully tomorrow, but maybe not.
Too much hand wringing going on here by folks that claim to hold shares purchased 4+ years ago. No wonder SEO wants to move to London. There's just no loyalty in the U.S.
dig... EXACTLY!
TheDane, thanks!
I'm assuming there is some political reason for ERHE's existence... the JDA required that the blocks be awarded to international parties, and ERHE was tagged as a U.S. connection.
I still can't fathom how this "shell" ended up in this position, but as long as they sign the PSC's this week I don't care!
Why does ERHC exist?
Why didn't Chrome just bid on these blocks on it's own? That's been nagging my lately.
Post of the day!
How many people read Shea's cr@p the day February's signing ceremony tanked? He wrote about boogiemen and he's out, sell sell, sell. All so he could try to get in cheaper.
The funniest thing is that he dropped his shares at the low of the day, and may pay double/triple to get them back if he's stupid enough to wait longer.
Others should submit his site to enforcement@sec.gov as well.
That's ERHC's biggest problem!
"However the on-going problem with ERHC is 90% of the NEWS directly related to the company comes from other sources a continuous dilemma to face shareholders "
Offer needs to offer up some PR's to keep people informed. At this he seems to fail miserably. Hopefully it's just his poker face while negotiating and he'll recover from laryngitis soon.
*IF* rumors are true, ERHE will split, but not a reverse.
If Chevron's hit is Kazakstan big as rumored, and the formations in the other blocks are equally rich, ERHE will control many billions of barrels.
As a general rule (very general) market caps of oilco's run 10X their reserves... 4bbl reserves = $40B cap.
ERHE may split down the road, but it won't be a reverse, IMO.
(Yeah, I know, there are about 20 "if's" in there)
ENOUGH on the reverse split already!
First, it was simply an OPINION of Meridian.
Second, reverse splits are not viewed as negative. It's the reason for the reverse that's negative... most r/s are to maintain a share price required to continue a listing on a specific market, which indicates company weakness.
That is NOT the case here at all.
Reverse split talk is just mental masturbation and basher fodder at this point... we don't even know it will happen yet.
Doug, Alternative Investment Market...
AIM is to the London Stock Exchange what the ASE is to the NYSE.
Field name...
"If you could name the biggest oil field in the GoG what would you call it?"
It would only be appropriate to call it "Meridian Field"
Post of the day. Are you listening Meridian?
I too have been down the path of a U.S. company listing on the AIM. For ERHE to even consider abandoning the U.S. market entirely would be disasterous. There are too many shareholders in the U.S. and it would just be a big legal snafu the company doesn't need.
U.S. shareholders would be stuck with shares they could not sell without increased expense, delays, and paperwork.
It cannot be allowed to happen.
Cobra, my point is this....
ANYTHING that will make a $10 stock move up a dollar will make a $100 stock move $10
It really is irrelevant. They can do a 1 for 10 reverse or 10 for 1 split... the value of the company is it's market cap.
Whether we own the same number of shares, or 10% of that, or 10 times that, makes no difference. The markets will move the stock the same percentage in either direction based on perception of the company's value.
Cobra, that's crazy...
"If, pre-rs, I have 100 shares and the stock goes up $1 then I make $100. But post-rs I now make $10. The incentive to stay vested long term is greatly diminished"
If a stock makes a 10% move it doesn't matter. In your example let's put a price on it... say $10...
So you own 100 shares of a $10 stock ($1000)... it goes up a buck (10%)... you've made $100
post R/S
So you own 10 shares of a $100 stock ($1000)... it goes up 10% ($10)... you've made $100
A 10% move is a 10% move whether it's a $1, $10, or $100 stock
Not so much the "hunter" these days...
playing more of a "gatherer" role it would seem.
GLTA
Thanks for all replies today. em
With volume this low I'd say MM, but even a small seller could move it on a day like today.
Something isn't right...
Estimates range from 6-14bbl of unproven in the JDZ.
Even using the low end and a low unproven value of $2 ERHE's value should be $2-3.
It seems that the markets as a whole (read: us) don't believe a signing is forthcoming.
On the high end going with 14bbl and all proven ERHE's 20% stake in the JDZ is worth mid $40's (yes, dollars).
Yet it trades at 0.77
That's not a lot of confidence that the signing will happen. A no-brainer isn't a no-brainer when it's not.
And no, I do not want cheap shares. I do not have a buy order in. Just voicing concerns. One plus one isn't adding up to two on this. I'd like to hear long-timers views. Is this just once bitten, twice shy? Or is it just that everyone that wants in is in. If it's the latter ERHE is likely to see only sellers when the signing happens. If it's the former it'll rocket to the moon.
"Lucy holding the football..." ROTFL!!
Um, TAP.... what would that do to the share price?
[wobbling knees]
We're talking trillions of dollars here...
People are posting like we're dealing with blind monkeys. With money this big on the line stupid people get devoured fast.
PSC's will be signed on the 14th, if not earlier.
"Source would only say that all look very good and that he could not make an official statement at this time"
This *could* be bigger than huge.
So bashing a stock *IS* allowed here...
as long as you try to *hide it* ?