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Thanks. Good info.
There were a lot of trades today marked with a 'W'. I know what a 'T' trade is (before/after market) but does anyone know what a 'W' trade is?
Todays Trades. One paint at EOD 392 shares @ .0511 = 19.92 - commission.
Does anyone know what a 'W' trade is??
15:49:35 0.0511 392 OTO
15:49:19 w 0.0558 50392 OTO
15:49:17 0.056 50000 OTO
15:49:02 w 0.0558 35000 OTO
15:48:47 0.0567 25000 OTO
15:48:41 0.0567 10000 OTO
15:48:18 w 0.0558 144000 OTO
15:48:11 0.058 50000 OTO
15:48:08 0.0567 94000 OTO
15:47:54 0.0575 50000 OTO
15:47:39 w 0.0558 255000 OTO
15:47:27 0.0575 230000 OTO
15:47:26 0.0575 25000 OTO
15:47:08 0.0558 5598 OTO
15:46:52 0.058 5598 OTO
15:46:36 0.058 8000 OTO
14:33:25 0.0575 10000 OTO
14:33:10 0.0575 10000 OTO
14:10:27 0.0575 35000 OTO
12:51:28 0.0567 10000 OTO
10:33:55 0.0556 20000 OTO
09:49:57 w 0.0558 10010 OTO
09:49:50 0.0558 10010 OTO
09:30:06 0.0551 5700 OTO
09:30:02 0.057 4300 OTO
IMO drilling would be the best outcome but I also think 3D seismic would be a positive. It would mean that Cepsa is still in and willing to spend another $30M to redefine the best location for the first drill from the prospects the 2D defined. Granted ERHC would have to raise funds for their share of the first drill but I would not think that would not be difficult at that point, other companies have done it.
All good IMO. If the stock drops on this news I will be snatching up more shares.
The Aprtl 27 2013 purchases were part of the rights offering which I believe all officers participated it. As Dan Keeney is not an officer of the company I don't believe he is required to file a form 4 so we don't know how many shares he owns. You could email him as ask if you want.
Peter Nepethe owns over one million shares (1127467) not including his options so he has plenty of incentive to do his best to make the company successful IMO.
I am restricted to 1 post a day so I won't be able to answer you if you reply.
What is the point of all this talk on the other board about the JDZ. Kenya/Chad seems to be our future.
These are the officer purchases from 2011 to present:
The ones dated 04/27/2013 were from the right offering but never the less purchases
Odobulu Sylvan 4/27/2013 41666 for $3125
Uzoigwe Andrew 4/27/2013 158333 for $11874.98
NTEPHE PETER 4/27/2013 356295 for $26722.13
Jeter Howard 4/27/2013 133333 for $9999.98
Oviawe Friday 4/27/2013 41666 for $3124.95
Prior to rights offering
Odobulu Sylvan 9/17/2011 30000 @.105
NTEPHE PETER 9/18/2011 51000 @.11
NTEPHE PETER 8/26/2011 120283 @.1264
PULS-Cash $25M Debt $116M Sales $357M Float 17M
What is your opinion of PULS. Loss per quarter has been decreasing but they have a lot of debt.
Yes. I believe that the 2D seismic was completed ahead of schedule.
Afren plans 2D seismic in H2 2014 in Kenya’s block 1
SEPTEMBER 10, 2014 BY SAMUEL KAMAU MBOTE
Afren plans to carry a 290 km 2D seismic in block 1 as it prepares to drill an exploration well late 2015.
The block which is located in Kenya’s north eastern border is connected to the Ogaden basin with an oil seep close to the Tarbaj-1 well in the south-west corner of the block confirming the presence of hydrocarbons.
In this block where Afren is the operator with 10,696 km airborne high resolution gravity and magnetic survey already having been carried out with another 1,900 km 2D seismic completed.
The latest seismic follows six leads and prospects identified by Afren in the 1900km of 2D seismic in 2013 with the largest of these leads covering in excess of 350 km squared being subject of the programme.
“The decision on where to drill will be made following the interpretation of this new dataset which is expected to conclude in early 2015,” Afren says in a statement on the company’s website.
Last week the Business Daily reported that Afren had filed environmental disclosures with the National Environment Management Authority (NEMA) as it plans exploratory drilling in El Wak (Mandera County) and at Konton in Wajir County.
“Block-1 has some positive hydrocarbon history…an oil seep and tar staining was observed in a water well and in an adjacent 52-metre borehole cored by Total at Tarbaj in the south of the block which demonstrates that oil has been generated at some point in the basin’s history,” the daily quotes the filing by Afren to the environmental body.
Apart from block 1 Afren has 100 percent interest and is the operator in Blocks L17 & L18 where it also plans a new 2D seismic in 2H 2014 with two exploration wells planned in 2015.
Someone bought almost 6K worth of stock on Thursday. I wonder who?
Do you know when this interview with Dr T was done.
Someone wants shares @ .006 almost 1 million so far
It has not been dead money since the rights offering. You could have bought below .05 and if you had wanted sold some above .10. A nice 100% gain. If you have any other stocks that did better please let us know.
It has happened several times.
No. Interpret it any way you like but this and other news releases are telling me that other companies have had a high success rate in Kenya so hopefully we will be equally successful. But please bail if you choose, I am sure someone will buy your shares.
Africa Oil, Marathon Oil initiate drilling of Sala-2 appraisal well
http://oilnewskenya.com/2014/08/28/africa-oil-marathon-oil-initiate-drilling-of-sala-2-appraisal-well/
Can anyone explain these 2 trades today:
10:46:30 0.0825 97378 OTO
10:43:10 0.0845 97378 OTO
Remember how many times ERHC has had news after 3 day weekend. Will it happen again?
Do you think that there could be an extension to the Aug 28 date?
IVAN chart looks good but as far as I can tell they have a large debt and no revenues. They say they do not have enough funds and will have to raise additional. Probably dilute. Should we buy just based on the chart?
Someone playing with stock price:
Time Price Volume Market
13:58:42 0.082 600 OTO
13:19:56 0.082 50 OTO
13:18:47 0.082 80 OTO
13:01:24 0.085 150 OTO
12:52:27 0.082 200 OTO
12:51:34 0.082 250 OTO
Did you get back in LIQD?
MSTX- I get a full sto of 63 not 99 on Stockcharts.com
Remember when the convertible debt was issued back in April the stock price was about .05 not the current price.
In my analysis I miissed the clause that states that ERHC/Cespa has to notify Kenya of their intentions 1 month prior to the end of the exploration period. So that would make August 28 the date that they would have to notify Kenya.
Thanks king. I missed that 1 month prior clause.
The way I read the filings is that ERHC signed the PSC with Kenya on June 28 2012 and the effective date was 90 days later, than the effective date is September 28 2012. If that is correct then the initial exploration period will end on September 28, 2014. So a decision on the next step (drilling or 3D) should be expected by September 28.
The way I read this is that if ERHC signed the PSC with Kenya on June 28 2012 and the effective date is 90 days later than the effective date is September 28 2012. If that is correct then the initial exploration period will end on September 28, 2014. So a decision on the next step (drilling or 3D) should be expected by September 28.
I don't claim to understand all the nuances of the convertible notes but one thing to keep in mind that when these notes were issued in April the stock price was .05 not .09.
What happened here?
AugustaFriends Tuesday, 07/08/14 09:44:55 AM
Re: stock_observer_77 post# 318486
Post # of 321453
LIQD same here, I wanted 18,000 shares and just got me some under 2.05 -- so now is 18,000 shares at 2.03 AVG.
If Cespa walks they will have paid for the FTG and Seismic plus given ERHC about 2 million in cash. The 55% will revert back to ERHC and ERHC will be free to find another farm in partner (Tulllow?). I wish SNP had walked 5 years ago a left ERHC to find other alternatives in the JDZ.
Not much. I posted this awhile ago. These numbers may not be exact but jn 2008 there were about 720M shares outstanding. Now there about 764M shares outstanding. Not a big increase over 6 years.
Does anyone know who this ssc character in on the other board. He has been around a long time but never posts anything positive. All his posts seem to have a negative slant.
Just my thoughts for today....which may again change tomorrow as I think about it some more.
Krombacher
Your constant changing your opinions is driving me crazy.
They are.
The seismic in block 12B apparently was not good enough for CESPA but was plenty good enough for Swala and Tullow. If they make the same decision in our block they will have paid for the FTG and the seismic and the block will revert back to ERHC and we will be free to make another farm-out (Tullow?), All speculation at this point.
I was talking about our block. Your post makes it seem to me that you are implying that Cespa will also pull out of our block. Maybe I am taking your post wrong.
I agree with Krom. I don't understand what your point is. Are you implying that CESPA will be gone in a month?