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Midier thank you, that is what they said period all these other things being posted are not accurate, it may change once the stuff comes out in writing but that is what they said initially the shares will be 1 for 1 but if need be additional shares will be issued to fund activities {{{ buying marginal properties to create a revenue stream}} so all this stuff about no dilution of shares is not accurate
That's cool, thanks for your input. I hope you do agree that they put it out loud and clear that they knew nothing more about total than we did.I hate it when people put out inaccurate info on the board it can be a place to have logical discussions about an investement we are all in, now if someone wants to put out opions are fantasy are even wild and crazy predictions but call it that I do hope it comes to pass it would make sense if total would get involved considering they already have infrastructure close by, and if they pay a decent price to cvx it in some way assigns value to our blocks.Thank You for attending shareholders meeting I hope I can also attend the next one and hopefully a lot more shareholders will be able to and we start receiving much better news i:e: that snp is going ahead with phase 2 or such and really hopeful that in the future we go up in SP instead of what we have been doing
No it was Dan Gralla during the Q & A they were being pushed on what they new about total buying cvx part of block 1 he made a crack about do you think the shareholders of cvx or total know. anything and peter finally said that they Knew no more they we did in the audience {{shareholders}} and Dan said something about no more than gossip are what has been printed in the oil related rags are something like that. They made it clear they knew no more than us. A lot of the talk after that {{after Q & A }}I heard someone say something about it may or would make sense since Total was already there But again they knew no more than us.You would have to had been there for example when Mr. smith kept pushing in the beginning of the Q & A about Feltang over and over peter actually spelled out the name of the ceo or owner of feltang. Basically when you ask the same question over and over to someone and they have given you the same answer over and over the answer will then usually turn sarcastic. I do wish reflecteing now that someone would have pushed on the gas only WAs there no oil do you see a prospect of re-entering the holes and going deeper for oil????? But again you would have to have been there and seen how out of hand the Q & A got in the beginning with Mr. Smith. I hope they learned their lesson and never allow 1 shareholder to disrupt and extend a meeting again. Whether that shareholder has 1 or 1,00,000 shares they actually got to the point where they threatned to have a person removed and as I said before I beleive it was midtier who came up for questions after Mr. Smith and he kind of caught the flak got screwed on his time because Mr. Smith and taken so long and got so Blank
did you not say earlier that it was Dan Gralla who made the total statement?
again you were not there, yes they did get him under control and I think if you ask the rest of the shareholders what they think about mr. Smiths actions yesterday. That figures you know him. I do not know the man therefore can I or would I judge him but's his actions yesterday were perhaps disruptive of the meeting in my opionion. What you think because he owns millions of shares he is holy? Should be revered?I'm tired of playing with you. LEAVE ME ALONE perhaps consider psychiatric help. Oh by the way the reasons I'm posting is that I was there yesterday, I was trying to share what I learned or didn't learn with the other posters who could not or did not attend been holding erhe for approx. 5 years don't trade {{{which I would have if that would have made some money! But wouldn't post lies on this board for my gains
Kobisahi I bought 5000 more today @0.30 actually 0.299. I have researched this stock for years. I have read all the stuff on Sir Offor including that hustle he pulled with the contract to update and repair the refineries in nigeria, that still don't work how he made his millions are billions.I'm not in amj status of these so called millions of shares, This investement is a long shot for me. I'm sorry all shareholders could not be there for shareholder meeting yesterday. All of the factual stuff is there the Q&A was really tuff because of the mr Smith should have been brought under control before it got so out of hand.
I beleive it was midtier who kinda got shafted on his time and questions the thing had already gotten so out of hand that unfortunately I think midtier kinda caught a bad break after MR. Smiths antics they were really trying to bring it under control. The presentation is there on the website for every one but what I Really got was the informal discussions after. Hey I may have been hustled BUt the Board to a whole JUST WERE SO confident Happy at EASE whatever you want to call it, they sat there after for long time trying to talk to everyone, very patient. hey we would all love for this thing to shoot up overnight but what they were trying to put across was the future of this company. Again I wish more shareholders could have been there but I was very concerned about the lies coming out thats why I called amj on it the posters I have named in other posts did a very good job of giving a factuaul description of the meeting. I figured the sp price would dive this a.m.just on the fact that no oil was mentioned with the wells just gas and I held and bought more I guess I will just lengthen my time frame, and yes I'm underwater right now on my cost basis
Yankemike sorry about all the grief from amj, her calling me a trader it's a lie and I'm real tempted to let you look at my ameritrade account history and if I prove amj is lieing once again ban him her I do not know if it is a man or woman no disrespect meant
I WAS trying to correct someting that was said that was either a mistake or a lie I have been in this stock for approxx. 5 years have not traded a share. YOU WERE NOT THERE WHO IS YOUR SOURCE ARE YOU TO CHIKENS""" TO SAY I tried to say it nice but when someone post false info either their info is a mistake wrong misinterepeted or a fffff LIE which is it.As a moderator yankeemike had an easy decision he highlighted your article you were not there I was and so were others and the thing about total that you quoted was pure bull sh""" it may happen tommorow but they made it EXTREMELY CLEAR THEY DID NOT KNOW WHAT TOTAL ARE CVX plans WERE DO YOU THINK THEY KNOW WHAT THE NEXT DEAL IS THAT CVX IS GOING TO DO COME OUT OF FANTASY LAND YOU ARE A FOOL ARE ALIAR AND YOU SHOULD NOT provide false info when people have money on this HAVE A NICE DAY
Kobashi a lot of it has been covered. What I will offer is my take on things NOT MEANT TO BE FACTUAUL my opionon. I spoke briefly after with a few board members, mostly niceties. [b]THEY ALL SEEMED TO BE CONFIDENT AND AT EASE[/b].{{EVEN AFTER THAT SIdeshow we had during the Q & A it got a little ugly}}} In the after coverstions that I heard were positive things Dan Gralla explaining how it's such a large area{the J.D.Z.} that there are many more prospects.In terms this is just the beginning. Peter discussing how far we have come the free carry on the JDZ blocks 2,3,4, what this meant to the company and how it put us in a unique position, sinopec is paying the way they have deep pockets and how much has already been spent and how much {may be spent} to take the JDZ to production but it would cost us nothing up front , yes we have to pay for it with the oil produced but what better deal could you want. He really spoke well of the advantages we have trying to do buisness in nigeria with our connections, are largest shareholder is a nigerian that knows the buisness culture there. That he Peter is a Nigerian that understands the way to communicate work within the framework of the nigerian buisness culture, that yes we are an american company and that gives us an advantage when it comes to acquiring finacing later down the road but we have that nigerian connection
To yankeemike petemantx wrote a good one on how the aim listing was explained to us, IF ADDITIONAL SHARES OR ISSUED yes it will dilute the value per share. Again petemantx has posted very accurate accounts of the shareholder meeting, also mabinn1 and midtier. No one is going to get it word for word but they seem to be trying to do it honestly. Perhaps in the future you should examine closely the post you highlight. No more amj third party post about the meeting please!For Example markgovals JDA UPDATES where is he at, why doesn't he explain the pumping he did on here EXample His sources were wrong? They were LIars? is he a dy trader that just put out false info to make his trades? Is he still holding Shares?Please consider the facts before you ever high light his post again. This board can be helpful to investors if you know which members are posting honest are true facts, are honest opions are just discussions.
petemantx read my post #211923
So You are saying you traded erhe afterhours correct??? You did say last night correct? and you got out of the shareholders meeting at what time? What service do you use ameritrade , etrade, schwabb?? and what is their commisiom for trading an otcbulleitein board stock erhe in extended hours trading? That would be the p.m. session since you said you sold it last night?
Yankee mike please I was at the board meeting please if you are gonna highlight a post about the board meeting it would be nice to at least highlight ones where the person was actually there and hopefully posted accurate information, that crap about total being certain please reconsider that one it's not accurate. They covered it during the Q & A Dan was actually making a joke are being sarcastic about it , he made a crack about would total or cvx if they were in a deal would their shareholders know and then someone in the audience said something about how many shares that shareholder held help me out with this someone that was there
People there is all kind of stuff posted on this board and I do follow and own this stock. I would like to compliment petemantx his post seem to be balanced and pretty accurate when it comes to what went on at the shareholders meeting Thank You petemantx, BUT some of the other stuff going around, not quite lets say true
amj23 Please I'm not picking for a fight I'm here because I beleive in this investement But the Total certain thing??? Was your guy at the same meeting I was, because I also heard what Dan Gralla said during the meeting. He actually made a joke about knowing anything about Total he had been questioned quite a bit about it then made some comment about shareholders of cvx or total knowing anything about it, It was a joke, sarcasym other board members even talked about it I beleive Peter, point being they put it out loud and clear they did not know what Total and cvx were or were not doing no more than we in the audience knew so for anyone to post anything different is?? lets say an honest mistake, someone might actually beleive it
I attended the shareholder meeting, got there late and sat in the 3rd row from back far side from door, did not ask any questions. I missed the first hour and 15 mins are so arrived during are right at beginning of presentation, there for Q & A and hung around listening to conversations after.
your post seems to be one of the more accurate ones along with mabinna and I also noted midtier posts seemed to be factual, the factuaul part Thank You. But all this stuff about information coming out to a few are wanting to sue are whatever is bull the board just seemed to be very courtaeous and hung around after and spoke with stock holders. seems a lot of questions and discussion directed to Dan Gralla after meeting during informal questions discussion and meet and greet No material info put out that I heard, but I did hear Peter say at least once to persons after the meeting that it was just discussions and coversation not exact words But a quote I will repeat is that he is very careful not to give dates are timelines and noted the FLAC he had received previous about giving timelines just as pressed during the meeting his statement of hoping to have aim listing done by years end he did clarify that with that was not a hard date. I'm curious to know who the other i-hub members that were there? And who was the guy asking the questions for the first part of the Q & A sitting in front got a little rough between him Peter , and the P.R. Guy and who was it that the P.R. guy said he would have removed if he didn't follow the procedure for questions are however it was stated?
I plan on going, want to see those running this company in person, hopefully get a better feel for this investement. Live in lafayette area
Yes it takes a lot of water to produce hydrocarbons in shale fields, and the problem is what to do with the water after. Actually have been in another stock longer than this one that supposedly has the answers wsce, but they are at $0.21 {not pumping} at least erhe is worth a little more than I paid for it. Like everyone else , just waiting for official news and maybe see erhe finally break a $1.00, and hopefully go a lot higher
One of the best post I have seen Thank you
last trade 0.56, follow thru on monday? Encouraging bounce but very little volume, someone in a hurry to grab some before the break? But agree we need to see volume. Have noticied quite a few stockholders on the board have a much lower averagecost per share, are in the green, personaly have been a long time holder but did not add during the low stock price time, average cost probably in the range of 0.62. Big question what do we have down there OIL please, Gas I don't know if it would make a big difference, does anyone know how much gas is just flared off in Africa, the reason majors such as CVX are building LNG compression facilities is that some goverments in Africa have forced them to start using the gas that is produced by a certain date or have to pay for it anyway, here off the coast of La. and in mainly the Lake Charles area actually Hackberry they are and have built the facilities to receive LNG and then put it into the pipelines to sell, hell just look at CVX stand the other day no more drilling for gas in U.S., Look at haynesville shell, huge discovery HUGE but the price of gas where it's at,YES I Know XOM made a pretty sizable purchase for more exposure to gas But what is their time frame they are looking at to see results Let's all be serious Sure Hope it's oil they have found in commercial quanities. Not bashing not trying to trade just my thoughts, what I look for on this board accurate and tru info and yes what other investors think Hope all are having a wonderful Christmas
I do read your post, this one was well written, and I do agree with you, I want accurate info and yes opions too but not just ra ra. I too have been in erhe for approx. 5 years have to check my records to get accurate start date.I do not hold near the shares that some hold, but for investor of my level have probably risked more than I should have, but if we ever get info release of what most of us think the regions reserves hold, I of course will wish I had bought more. And if this stock does turn out to be a flop,""HOPE NOT"" it will not affect my ability to pay the bills. What I'm a little disgusted with is that I bought a few more quality stocks after the downturn in market, line, oln, atk, and the results have been very nice not to mention excellent divedend yields especilly line , but I'm in this one for a nice homerun. I guess sooner or later I'll know if it was the right move to take this risk. To all a MERRY CHRISTMAS and HAPPY NEW YEAR
BOUGHT AGAIN @0.51 WONDERING IF ANYONE else on the board are still accumalating shares?
Well do we hold 0.50 today, are fall through? I'am a long term holder thinking of buying more, but at some point we need to see results. Do we float around at this stock price range or lower? TIME for some positive information, without, even if we get a bump up it won't hold. I feel for those who have either had enough or need to liquidate some for living expenses. I wish everyone who has been with this stock could be here when and yes I hate to say, if the news that provides a catalast to this stock comes. Best wishes to all and may your holidays and Christmas be merry
good post wtao I second that been a long ride, Hopfully things will work out and we can all turn a nice profit
ewing4. To put it in a nutshell I would hope that this board is a place to share relevant info on erhe. I posted a relevant thought on relevant news, I do not read this board for cheerleading I read it for possible info on which I act or don't my choice as an investor. If shell is selling those assets approx 5 billion ,then you have to consider, will sinopec go after it, or not?? it is relevant to erhe either way.I have been and contiune to be an erhe stockholder. Just contiune to do research on it. This news hit the wire today and I wanted to get other posters thoughts on it...I hope for the best for all of us with this investement. It's not an INNER or OUTER PERCEIVED thing we are all in it for 1 reason. TO MAKE MONEY, TO PROVIDE FOR OUR FAMILIES, TO DONATE TO CHARITY, TO BLOW PARTYING OR WHATEVER but everyone on this board and in this stock I'm pretty confident are in it to MAKE A PROFIT/MONEY.SO good luck to all and I do appreciate relevant info positive are negative BUT ACCURATE
If Sinopec chases after those shell assets with gobs of money, it may be considered a bit of concern for erhe, less money to go around?
Count 1 more lafayette area, planning on attending.
I would like to hear news in cc, but we have to remember only the
operators can release results, the conference call may just be a review of financials and general update on company, yes I would really like to hear large oil discovery tommorrow during CC but if we don't I guess it's a little more waiting
Mark posted this news on Dec 1 post# 188525 of oki drill,Then a few post further down he specified oki east good job Mark. I'm in the camp of why would they be spending $600,000 a day if they did not have to unless there is something to go after
Yeah been in erhc for some time, small amount, have added more lately but still on a small scale, compared to some on here, thinking of adding more. considering picking up more before the press release on the 12-15-09, although I really don't know if we will actually finally get answers then. Possibly we won't know anything more then, I guess what we need are the actual results on the wells drilled to date
are you from lafayette, I'm in the lafayette area and curious if there is another erhe holder localy
walldogo 51% thats what ofo chrome owns check it out
3 more wells,would snp be spending the money unless they had reason to.cvx walked away after 1. Fact is this is a penny stock maybe with some hope but a penny stock. I also have been long erhe for some time and added to my holdings again recently I have gotten to the point where I read this board every day to see what others are saying are possibly Know?The question that I have is as on friday with those 300,000 shares trading in the last minute does anyone here have that kind of buying power are as far as that goes selling power. It would be nice to know exactly how much people on this board affect the volume are is it that this stocks story is getting out there and new money coming in? I personaly only hold approx. 10,000. It would be nice if others gave an idea or range of their holdings I know it's like everything else on this site to be taken with a grain of salt to easy to lie are maybe day traders on here just trying to move price to their advantage but for that to work the members on this board would have to be able to create enough volume to make a difference. Holding long and strong
read news on cvx, lots to do with China's oil companies bidding against majors for oil assets in Nigeria.Points to how hungry china is for their own oil sources and willing to pay for them