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you do have a way with words try. ouch!
i can relate as i've planted well over 100 trees on my property myself. great excercise also.
all the best strass.
awesome if true. i'll keep good thoughts so i can sleep better at night.
"increasingly positive". hmmm. makes me a little worried. were they not positive previously? i thought they were "extremely positive" or something like that two weeks ago. white knuckles for sure.....
Some folks on this board are adamant that it is impossible to drill holes in secret. maybe the article is in error.
thanks, this was helpful.
couldn't agree more. it appears we have a winner.
yes, thanks mark. can you confirm they actually said "extremely positive"? holy bat sh*&!!!
just heard about it on another board and began checking it out recently. bummer that i missed the big runup so i'm just going to follow it for awhile and see i can find a good point to buy in.
i see you folks are getting to know ta-trader, notorious for getting banned for ever by every single message board that is moderated, including the ERHC board in 2006 and the JDZ board just this year. i remember him way back on the world gaming boards (raging bull) where he insisted on arguing with every single person who posted and so polluted the board that most went off to form their own message board just to get away from him. you haven't changed a bit ta-trader, insisting you are always right on everything. your meds are waiting for you...
you make a lot of sense and i agree we could easily be in play now. the dots are hitting us in the face like a two-by-four.
I don't think i heard that comment by Jeff Schrull before. thanks for reminding me off that great comment!
you could go back even further with that question:
good news or bad news when Exxon sold out of the JDZ?
good news or bad news when Addax sold out of the JDZ?
good news or bad news when Anadarko sold out of the JDZ?
On the other hand, Addax bought in before they sold out and Sinopec bought in even bigger. i have no earthly idea what the answer is - only the drilling will show who was correct.
thanks Petemantx, it has been a learning process for sure.
thanks mark. i guess middy was off by one week.
then can you speak to the concept of delayed action due to contract deadlines? in other words, no action until forced to act. for the life of me i can't understand why companies get the rights to huge areas of land and then sit on them. The drilling business is about buying and waiting it appears.
i think he meant hydrodynamics, HDY. Petemantx, even though they say by 2014 they will drill, doesn't the contract they have say by 2018? from what i've seen with these oil companies, if the contract doesn't force them to action, it doesn't appear to occur easily.
not only that try, but then two more wells are promised in block 4 making 5 wells drilled in the three blocks by xmas. wow! almost can't believe it is finally here.
after that excitement and assuming some level of success in finding oil, what happens next?
Good effort at least mid. hope we get the results as you asked of them.
any ideas on why the rich american oil companies (record profits and all) didn't do much (except buy back their own shares) over the last 8 years even with oil men running the political side of things? i don't agree the current administration has a thing to do with the lack of action. i have no idea WHY exxon (for instance) doesn't do more, but it isn't because of who is in office, as the last 8 years have more than proven.
If foreign companies have been kicking our butts "for years now", then the current "horrible political climate" cannot really be blamed now, can it, since this horrible climate (as you see it) has existed for 6 months.
Why Umbra, that sounds like sarcasm to me.
welcome bigjim but don't worry, drinks are on degenerategambler and krom as together, they may have 3 million shares! am i wrong about that degen/krom??
Dadd, i think the milestone is awesome also. Actual drilling instead of legal issues, buy-talk, etc. Homeport, Strass, Dat, YankeMike - that was a great discussion of STPs running of the mouth and its consequences, the licensing of the EEZ, etc. back to vacation...
LOL exceo.
Homeport, BMS sounds intelligent, connects dots, writes well and we might as well say it: he sounds like balance builder. maybe BB has been re-incarnated into BMS. Regardless, is is fun reading.
Tryoty - we are getting close to a share price where i can finally forgive you for getting me involved in this stock!
I know, i always thought it would take a couple years for the AA to dril 10 holes due to breakdowns! but with the new rigs, the total amount of wells about to be drilled is no longer clear to me. anyone want to speculate on that?
The AA was going to drill 10 straight wells once it started, or so we were told. How many wells do can we expect now with the new rig configurations?
it looks to be, yes.
Great video tamtam, thanks for posting the link. i take it the DP is a dual action system like the one they discuss here.
exactly right krom re: the binary idea. had to do that in my previous life working for the navy in operations research. there may be some correlation between the price of oil and the ERHE share price but that is probably the only relationship we can count on. weak but real. wherer did you get your regression analysis experience Krom?
all the best
hetherb
Krom, unless you can somehow quantify the information from Markgovols in such a way as to make it usable in your regression equations, you can't eliminate it as a cause. On the other hand, simply showing two things are moving in tandem doesn't show causality either.
you get up on the wrong side of the bed today try? kindergarten?? he was just having a little fun, you know, you do remember how to do that right?
ok midtieroil, time to throw some water on the good news. lets see: it is NOT good news, it is just a rumor. or: just cause they drill doesn't mean anything, could be a duster. or:, well you get the idea. be happy for once. thanks for the good news mark.
Tryoty - weren't you a past PalTalk user? Do you know who oily is?
mentioning vegas along with this news really puts you out on a limb mark! god bless, we all hope you are onto something.
thanks!
No disrespect intended to those who practice technical analysis but Krom, that was absolutely hilarious!
Has there really been a correlation in the past degen? seems to me when the price of oil was very high, ERHC share price was low and now that the price of oil is low, the share price is still low.
SPP119 - isn't the contract for the DP signed and the drilling slots already decided?