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Maybe we should conduct this board as a GA meeting.
I think we may make better progress and get more out of the board..
also be nicer to each other...
Who wants to start with the 12 steps???
will be another long week of nothing..
silver lining = oil is over $85/bl
IMO it will be priced at .10 per share/warrant and they will issue 400000000 shares. Warrants probably due in 5 years.
1-30 reverse
This is my WAG...
GLTA
Erhe mangagement is what it is...we all know this by now.
So, I would suggest that anyone not happy or comfortable with the way they manage the company or manage the shareholder expectations, then sell. It was your choice to buy into the comapany. Noone bent your arm or held a gun to your head.
Many companies don't manage expectations well because they are afraid of a couple of shareholders not liking what THEY want to hear and end up taking them to court.. I wouldn't say to much either for this reason..
Just tired of the complaining...SELL...move on..
So, officially we are in the Phase 2 time line. Now we just need a plan to be announced. We're still in the same spot as last week, waiting for an announcement/news something...oh well, long summer coming up hope the weather is nice and the fish are biting.
This is a "Good Friday" to announce Phase 2..
Come on guys, believe in the LORD JESUS...:)
I think it's time for HIM to give us all an update too..
Happy Easter!!!
marty, who r the traders???
Current bid/ask spread is the best April fools joke.
Noone on the floor so they don't want to get stuck with over priced stock I guess..probably one newbie working this week with no senority...:)
good move it got scary with the green glaring at us!!!
Deep water rates may go higher with the new offshore bill obama signed, drill ships may be hard to find again. I'm not sure how deep the water is off of virginia.
do I have to study?
what's this green stuff on the chart today???
I nominate Krom for company spokesperson. Can we still get it on the proxy??
Thanks Farrell, I need to sign up for free trial, I will do it when I get home.
So, it looks like the timeline for results that we are all looking for puts them somewhere in the May -Jun timeframe.
If we have realistic time tables, it's easier to wait and be patient.
Does anyone have enough time and info on the APKO fields to do a similar timeline/milestone comparison with ERHE(i.e. first holes drilled, how long to drill results, how long to phase 2 and then to production)??
Maybe then we can get a better idea of how long all of this should take according to the oil industry and not be so impatient.Like me, it's the American way..
IMO there won't be any news until shareholders meeting. And at that time probably some generic blah blah blah....
I've come to realize that this is still a 2-3 year committment for a decent sp >2.00...
Obviously some this morning aren't waiting anymore and had enough, don't blame them...
Good luck, I'm done until ERHE comes clean with plans of phase 2. If it costs a little per share so be it, I won't have to make decisions on board theory and logic and contacts :)...
Is this why ERHE is wanting AIM listing???
Last year the FTSE 250 explorer established First Hydrocarbon Nigeria, a vehicle created to make acquisitions in Africa’s largest oil producer.
Any thoughts..are they similar or am I way off...don't know enough but enough to be dangerous to myself.
Krom is that you selling???
do u have big .58 block now also :(
Degen, if you follow the theory of once a screw up always a screw-up..I see your point. I think it was a hard lesson learned(they are not bankers and didn't have sound financial advise) but I think they will be more causious in the future. They are in the oil business, I think they have some very good associates that will guide them in this marginal field adventure.
They can't wait til they are almost out of money to take action, all of this takes time to develop, even marginal fields to start producing cash flow. You evaluate the business opportunity with your advisors and make a decision, but you certainly can't sit in your office sitting your pile of cash being conservative and hope the cash will last, other companies will smell that weakness (afraid to make a move) and wait you out, they have a lot more cash than we do... At that point you are in a position of weakness, cash straped and at their mercy, similar to the position we were in with the JDZ..However SEO made a pretty good deal considering.
We have to take risk as a company to grow, every successful company has taken risks to become a giant.
You want us to sit on the cash (like we just won the lottery) penny pinch, hope we don't get sick, hope you don't out-live your money.
That's NOT how business is run to be successful.
I applaud them to take some risk, hopefully with the best advice our money can buy!!!
I'm beginning to beleive that maybe they don't have a complete result of the drilling yet. I look at the volumes and sp for the last several months and the only volume up ticks have come from minor board activity. But NO REAL VOLUME yet. IMO they have an idea of what's down there. The data must not be complete for SNP or any other operator to commit at this point to a Phase 2 plan.
When they do have complete drill results in hand and a phase 2 plan is committed to, WE WILL KNOW a couple of days ahead of an announcement. People can't keep their mouth shut when they know something..
So, I'm just gonna watch the volume and not pay attention to this board other than entertainment value.
When the volume kicks to 3mil plus and holds, we will get results, positive or negative....
Leaning to positive 80 - 20 right now due to the construction activity in Sao Tome
IMO news for IND trial should come out next week. It's been 30 days since GOVX has submitted it to the FDA.
Little rally would be nice.
Looks like a long summer...
Well then the question is......
What will we get first,
1. drilling results from BLK 2,3, 4 or,
2. an update post from Mark
mark who?
Doug, if there is an elephant field and you have a sell order in at 1.25, you need to go back and have another physical, except with another type of doctor. :)
ERHE board dictionary.
Elephant field - a field of oil containing at least one billion barrels or more and a P/S for ERHE of $3.00 plus.
crap oily, now I'll have to consider getting out..are u sure?
This stock sure puts a wet blanket on my account. Green in everything else and one big red!! Getting old..
Doug, I suggest that you buy some more in the AM at .65 to ensure your gap. No dome and gloom, just frustration caused by my own doing. I.E. listening to the board and believing in some of the board gossip. Noone to blame but myself.
Number 1 rule that I never follow, don't buy or sell on board gossip.
I guess you're right LUG, they have nothing to lose. The only shareholder that they will answer to is SEO, and if he is fine with no results, I guess we have to be.
IMO It will come down to the shareholders meeting, they are not gonna show up empty handed..If they bring the Nigerian shuffle with them I don't think it will go over very well. I feel confident from MY sources(gut) that they will have some results...If for some reason they will not, the meeting will be postponed....
I guess we ran Mark out of town
both idcc2006 take the lead
i hear u. Do what you gotta do to make coin for yourself. I think with the IND acceptance in a week or so, they will move it back to .15 or so..but I dought any higher than that.
ok thanks
can you cut and paste, don't have facebook, nor do I want to.
thanks
frankie, I hear you..been here for over 5 years. But, if you want to make some real cash, this will be better in the long run.
It hurts, stinks but they need to raise cash or there is no govx next year..they need to cover their corp. expenses. Unfortunately the trials are taking time, but it has to be done. They should get additional $$$ from grants this year for their new boosted vaccine that harriet just spoke about..
Go long