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It could mean 2 things:
Don't quit your day job.
And More buying opportunites await!
Sorry! I thought phase2 drilling next year would get you in trouble on this board.
Now Now don't be a basher! Drink your Koolaid and wait with the rest of us for Robin Leach to start pouring the champagne. Elephants and Oilphants abound!
When he says things like this, especially on a day when Mark has given an update, he gets an even higher flip price.
Look at the timing of the sp rise in concert with the postings.
Follow this up with a few days of hearing nothing but crickets, and we get to do it all over again.
Pure manipluation!
If you and Red are right, don't you think that will mean two more years of this same shareprice range?
I wouldn't worry about it Jake. You are batting 500. That is far better that Oily, Mark, Umbra, Swinging K, or any of the prophets/prognosticators we have had over the years. Except for 1 and that is Crappie. He has always been right with "nobody knows nuttin." LOL
Why are you invested here? What are you expecting? Are you willing to wait until the end of phase 2 to get results? You say that you are 72 years old. Will you be happy if everyone once again starts with the be patient crap? I am up awhopping 10 percent after 6 years because of todays gains. Yippee. We had a 500K day Yippee. I still don't see anything that you can hang your hat on. I am from Missouri. Show me a real move up on real volume. Otherwise it is BS as usual.
Exactly! So why all the bullshot about a big shareprice increase? This will be just another milestone followed by another buying opportunity.
and what agenda might that be? I don't trade this stock. As a matter of fact, I only have 3000 shares that would be impacted by short term captal gains. I just commented on the fact that every milestone we have hit in the last 6 years has given us an opportunity to buy low again. Tell me that I am wrong!
Huh? I think you replied to the wrong message Mr. Fi dolla love you long time!
If it is not a clear winner and we have to wait for phase 2 drilling results, we will all get the chance to add more shares in the 40's. I have owned this stock since we were all worried whether ERHE's rights would be upheld in the JDZ and every milestone since then has been another opportunity to buy cheap shares.
Yes, if Phase 2 is a go, I guess it means good news for the sum total of the JDZ, but that news alone with no elephants announced would probably mean that we are indeed trading at fair market value for marginal proven reserves(per block) without production.
I am putting in a buy order for shares at 50 cents based on the rumors of news again this week.
Krom,
I must be having Deja vu. I remember the same conversations going on when we were awarded our percentages. We then fell all the way to ten cents.
My worst fear: Hearing the same crowd saying once again. Of course the stock won't go over a dollar until first oil. You'll just have to be patient!
Here's to Mark being proven right! and hopefully soon. At least I have my new share certificates to keep me warm in the doghouse.
I might be a little over sensitive. I bought more at 69 cents based on the hype and I should know better after 6 years! Sorry again. That was a very bad thing to insinuate.
Sorry YankeMike, Dane, Mark, and even Oily, I was trying to make a point, but it was not the right way. Lets try this.
Dane you called these new negative people Cockroaches. Let me ask you how you would feel if you had searched on new stocks to invest in last week and saw that ERHE was up 40%. You then reviewed all of the DD and thought "wow this could be a good investment". Then you read all of the hype over the news that we are all waiting for and you got hooked.
You then got your rear end handed to you over the last two days. Would you deserve to be a little upset, or should you be labeled a cockroach/basher " should have done your own DD" right?
Didn't mean anything by it Dane and I am sorry, but your cockroach comment over dissenting opinions just put me over the edge.
Oh Yea! that is the same article that everyone called Nigerian fishwrap when I accidentally called it a PR. It is the same article that everyone Poo Pooed because of this quote:
On insinuations that the results of the exploratory drilling in the JDZ have not been encouraging, the COO argued that it was premature to arrive at such conclusion.
He said: “It is premature, especially as the results have not been released; to talk about not meeting expectations. The kind of analysis being done on the results is composite analysis of all the blocks and not on individual basis. What we just finished is the first exploratory phase. Let us look at the results first before judging the performance.”
Crap! I must be low on Kool Aid again!
YM Where did that quote come from?
Thanks in advance!
Mark was the one you said if you don't believe me call yourself. The number on the site is incorrect. If he is in contact with the JDA, why wouldn't he give it out?
Another independent validation might help. Especially if it came from one of the less "Rah Rah" posters. I vote for Strass! LOL
Tomorrow say goodbye to the sixties
Mark,
Don't get us wrong here. We do appreciate your posts. I think all of us hope that you are right and we appreciate your hard work. I was simply stating that this stock had to fall based on the fluff PR that was put out talking about long term growth. There are a lot of people here for the quick buck. Hell I have been here for the quick buck for 6 years! LOL
Anyway, I am not a basher, but I am from Oklahoma!
Without solid news, we will trend downward. I bought more at .69 today. If no news, I will try to buy more lower tomorrow. If the news is delayed longer, then I hope we can stay above key resistance levels.
I hope Mark's news does come out today and it is a game changer. I am just saying that if it doesn't, the long term holders will continue to hold and the short term guys will take this down heavy. I haven't sold a share is 6 years and this has happened every time. Oily isn't helping either. His attempt to manipulate will caise us to crash even harder. IMO
Taken at face value, this article is going to cause the stock to fall. Everyone has worked themselves into a frenzy over Mark's expected news of quick returns. This message suggests slower long term growth. I would not be surprised to see the 50's again shortly if no results are posted this week.
Hey Roscoe P Coltraine,
Looks like hukd on foniks is werkin fer ya!
What does Boss Hawg think of ERHE? How bout them Duke boys? LOL
Hot Tip: If you are going to call someone stupid, you shouldn't use the word ain't in the same sentence.
Say hello to Jed and all the kinfolk
That is a solid post Midtier. Even for a Buckeye!
Thanks Try! Looks like you answered my post even before i was done writing it. Can you give me tomorrow's winning lottery number too? LOL
Was ERHE doing one of those energy investor trade shows this week? I have been on travel for a few weeks and was wondering if there was something other than Markgowolverine's post or, God forbid, the greasy pacyderm's posts that caused the stock to rise 40%.
If not, then it is scary how much influence this board is having on the stock price.
Why didn't they report on Oki-East?
Was this drilled beyond the timeframe for inclusion in the report?
Is there gamesmanship going on to keep the prices in check for EEZ bidding?
Have I had too much Kool Aid regarding block four and am not willing to accept that my baby is ugly?
Thing that make you go hmmmm!
Jinx... Cokes on you!
I am sure Sinopec is happy with the blocks that ERHE picked because Sinopec picked them IMO
I don't see what is so strange. The stock is up so now its time to manipulate it back down. Isn't this how penny stock gangs work!
Crap! I must be out of Kool Aid again!
Thanks Kingpin.EOM
what happened to run don't walk to the exits!
You seem to be trying to boost the news of the EEZ with your own BS to take advantage of the run up IMO
Either that or you are about to pass a kidney stone LOL
If he got the information from Dana, wouldn't he only have information on one other well? I could be wrong, I don't know Dana's percenctages/blocks very well.
Is March 8th morew or less significant than Jan 7th? According to you, that was the date whe ERHE was going to become WELL known.
So do you think Offor will be willing to stand the dilution of his shares, or do you think the dilution will only apply to us little guys who have been loyally holding shares for years?
Looks like gas in not worth 50 cents a share in deep water!
Krom, I have a success story to share. I have a friend who did what you described with Ford Motor Company Stock with a quarter million dollars (everything he had) when it was trading at 1.00 Dollar. It is now at 12.00 and he is talking of retiring at the ripe old age of 46. I am hoping for the same thing with ERHE! The bummer is that he did it in less than a year and I have been here now for over five.
I agree with you Dadd 100%. If you want the SEC to investigate, just violate the terms of the agreement for the sole purpose of raising the share price.
And... If one of these operators does turn out to be a potential suitor, I can't think of a better way to kill the deal than to annonce information without their permission.
Who wouldhave thoughtthat the shareprice would suck this bad so far into drilling. The first time This hit 90 cents on the award news four years ago or so, my brother sold it and I bought more. He sure looks like the smart one now. Mostly because he hasn't been on this board since. Back then people said it dropped because of the long wait ahead to drilling. I have been waiting for someone to say that this drop is due to the long wait until production. I may have to hunt that person down and kill them.LOL. Just another disillusioned bagholder
farrel,
Do you have proof that OBO1 was drilled of structure or is this another message board rumor turned to fact over time?
Thanks,
TS