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Hey BB what of think of this. Are there any dots to connect?
Early buyout crowd pulling out or a shake IMO. See what kind of volume we have by the eod
Posted by: oilphant Date: Wednesday, April 18, 2007 9:46:55
2007? Timely for sure LOL
Agreed, it looks like that have meant what they said along. No buy outs/buyins. Drilling results must have been pretty good and they want to see the full value of the company instead of being bought out for peanuts. Offer/we are in for the big bucks IMO.
100 shares @.65
Bid/ask? tia
What Barry Morgan wrote about many moons ago.
I would like to hope its C. Both Upstream and ERHE had similar pr's. Fishdog's ego is alive and well and doesn't need to be fed anymore than it is.
Is that bell before last call? Dude, may I suggest, you get some serious counseling.
Many thanks.
Como se "leaks" por favor.
The MM's are playing that old 79900 signal again. lol
Probably because he has the order in.
I use alpha trade for level II and it shows nothing. The screen is blank...really weird.
Like he has a clue!
Great stuff! The king of over the top posts is calling the kettle black. Priceless
Uneffing real! Congrats Walldog.
FYI I am not whining, I've been here as long as you have and have a boat load of money invested here. You don;t think that by referring to this company as being "Nigerian held" as nothing to do with some serious investors being skittish about throwing money into it? If you looked at my previous post all I was saying is that we will live or die by the results. I would surely expect with all the various "birdies" that people have on the board we will got the unofficial results before we get the actual ones. Good luck to all.
Hey I'll toke on that pipe as well. LOL I believed we would have crept close to a buck by now and go over on news like we had today. The sad truth is that we lack new money and serious volume to break the ceiling IMO. I think that the Nigerian stigma has much to do with the lack of interest. I hope you are right and I am wrong.
Smart money coming in eod. It all comes down to the results as this much anticipation of drilling has brought us zilch. I'll wager 5000 shares that there is no buyout/buyin scenario this Thursday. My faith is that the seismic results are on the ultra conservative side.
The silence from ERHE is deafening!
Nothing surprises me with ERHE. I thought we would have been over a dollar by now anyway. How do we get an increase in percentages in block 3? Oh, we are drilling and unless there is a PR that we don't know about, we are still ERHE. (sorry BB & Oily)
Oily is 1 for 8......he's right about the commies! LOL
.73/.74 We need volume to get this off this snide. A paltry 150,000 so far.
6.72/6.73 vol. 15M, here in my dreams LOL
I hope that the bid raises before opening or this could be slow out of the gate IMO.
SSP, here you go, from bigshotmoon on the JDZ board.
If I may also add to your reply, I agree that the Chinese has/will offer to buy up the assets/company as I posted in post #5297. Here is why I believe that.
Looking at it from a Chinese perspective, they have been buying up natural resources worldwide with what they perceive as a weakened currency in the years to come. They want to invest this huge reserve of U.S. dollars in a market big enough where their investment doesn't impact the price precipitously like their investment in the precious metals market over a decade ago or so. Hence, the only viable investment option for the Chinese in the past decade or so has been the U.S. treasury bill/bond market. However, the Chinese have now grown increasingly concerned about U.S. Congress' voracious appetite for spending and have voiced their strong opinion. So what's the next best viable investment option that will also power their strong economy...natural resource assets!!! If the U.S. dollar is seen as a risky and depreciating asset in the near future, what choice do they have but to spend it now? The Chinese are long term planners and they see any perceived premium price paid for natural resource assets now as a worthwhile national endeavor as well as a much less riskier investment than the U.S. treasury bill/bond market in the future.
Secondly, the oil industry by its very nature is quite secretive in order to secure competitive advantage in terms of buying and selling oil rights and properties. Now add to the fact that the Chinese being very discreet by nature in their approach to personal finances & business and a compelling argument can be made in that the Chinese wants to minimize the talking grapevine as it pertains to disclosing valuable JDZ information. Thus, I conclude that a ERHE buyout of the company or selected assets is a likely outcome in the future...Offor & JDZ drilling results willing of course! The Addax buyout was a no-brainer for its assets as well as the exclusive technical knowledge of the JDZ offered by the team of Jeff Shrull & company plus the strong Western managerial expertise. I also believe that this core of the Addax group will remain long after the buyout has finalized with the usual financial incentives to encourage staying on board and to keep any possible JDZ secrets within. This is very important if a company is to become a global resource company as I anticipate more buyouts of natural resource companies down the road for Sinopec and the acquired Western managerial expertise will prove invaluable for future buyouts and labor negotiations in this part of the world where Addax have numerous ties as well as a good reputation with nearby communities. Once again, I reiterate that having a middle man (i.e. Addax) is an important business practice in Asian society such that one does not 'lose face' in business dealing. Thus, it is of paramount importance to have someone who is familiar with the Western and African cultures in acclimating to its business practices. Western Africa is a very strategic area for the Chinese to establish a foothold due to its sweet light grade of crude which is well suited to their refineries as well as being one of the most highly prospective area for oil in the world. Yes, the EEZ is very important as it relates to the potentially huge reserves as ERHE holds even more percentage rights there with even better terms than the JDZ. That is why I made the case for a ERHE/EEL/Addax merger in post #166649. ERHE has lost some leverage with the Addax buyout by Sinopec but the ERHE/EEL merger still remains an enticing combination for Sinopec for all the reasons discussed in that post.
I believe that Sinopec wants to control the JDZ as well as the EEZ. Acquiring Addax was a huge move in that step. Removing Anadarko is another piece added to the full picture. Will CVX be the next domino to fall? Possibly ... if economies of scale are not to CVX's liking. Taking out the U.S. registered companies is a viable game plan not only as global competitors but also as way of minimizing the grapevine for SEC regulated companies that need to disclose information publically to their shareholders. Yes, Sinopec is a NYSE company but they are a major FOREIGN company and not U.S. registered where the rules of disclosure are not as closely monitored and/or easily enforced. Hence, I believe that Petrobras will play more of a major role in the JDZ/EEZ territories than CVX in the not too distant future as they are also a foreign company (Brazil). In addition to the Lusophone connection to Sao Tome, China has a growing relationship with Petrobras in the pre-salt territories in offshore Brazil. Petrobras' extensive deep water experience in the pre-salt territories will prove invaluable here as the EEZ has deeper depths than the JDZ area.
On the other hand, Offor is a risk taker his whole life and to sell the company before he maximizes its potential does not seem to match his mindset. He will likely analyze a deal after drilling in the JDZ before deciding on how to proceed. If so, he may just sell the JDZ assets only in order to maximize his EEZ assets. For ERHE shareholders to profit from this scenario, a special dividend may be presented or use the money to buy a promising producing asset for the ERHC Energy holding company shell to go along with its prospective EEZ assets. Offor may also feel that he has more to gain in maintaining a relationship with Sinopec in the JDZ as it also increases his bargaining leverage elsewhere via his Addax connection (now Sinopec) through Starcrest (OPL291) and the natural gas project via Chrome. Also, the Chinese may view Offor as a frontman for them in getting future deals in Nigeria and may not wish to break that business relationship so quickly. I can easily see Sinopec and Offor in a continuing symbiotic relationship in the future as they do respect and understand each other. However the chips may fall, we are all following Offor's coattails; thus, it is really Offor's call to make in terms of ERHC Energy's future. It is my great hope that the ambitious drilling program in blocks 2,3 & 4 this year will satiate all our financial needs and that our fondest dreams will come to fruition whether by buyout or by long term stock appreciation via proven oil producing assets.
Has any contacted Dan about this?
No.... we're Exxon. LOL
No.... we're Exxon. LOL
Just keep the horsesh*t flowing, your bound to get it right some day. Forget brass balz, yours must be made out of titanium.
Anadarko is the operator in Block 3......as of today. Hmm
Office in Houston. Seems like image is everything. Also allude toa a larger staff as drilling commences.
I hope we break through and land on .80 or higher. Moreover, I would like to see some serious volume (5M and higher) which would signal new investors coming in.
Well if for nothing else ERHE remains ERHE despite all the bs prognostications that it would not be before drilling. Sorry pal you can't have it both ways.
$4.735 per Oily
$4.734 per BB
$10.00 per Offor
$600 per Yemonoil
I'll take $3.00 for half my shares LOL
.69 x .695
If Rig Zone is correct, my concern is that not one of the partners have announced it. Hey Dan K what say you?!
In Queens NY there is a street named Frances Lewis Blvd. I thought nothing of it until I found out that he was one on the signers. His two sons where captured by the British and they told him they would be executed for treason. The British offered to set them free, if he renounced his country. He refused.
Hopefully he'll be able to find his birth certificate when he's there!