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yes strass thanks....but..
(H) stock in sinopec is @ 7.00 $hkong dollars.......and there are 7 hkong dollars in a Canadian dollar...so thought of a diff approach maybe.
Baz
In addition to the two bases, the first-phase reserve program, which comprises a total reserve of 12 million cu m, includes another two oil reserve depots, located in Zhoushan, Zhejiang Province and Dalian, Liaoning Province respectively.
H shares of Sinopec fell 1.35% to close at HK$6.58 on Friday.
Copyright © 2008 www.chinaknowledge.com
good luck all
helo Umbra...Spec.
still patiently waiting for results via some official report...then by ERHC...leaks first hopefully.
I noticed that Sinopec trades ..hong kong market...question??
anyone know how to buy sinopec Hong Kong from Canada? thx
just a thought for us all...in event we are looking to stash our cash...from our minnow!
Baz
stocks
was that AKA Greedy Malone as well?
for newbies...history.
Mongo ..pounded the erhe filings as does printmail attempt to.
Skip to present...filings are clearing up and SOL is indeed moving eachday more Moribund...in the watching eyes.
Seems that there are less filings to pound so we see les of "OLD MONGO" or his AKAs.
Alas stocks you could be right with this "OTHER" approach for same boiler room antics....JMHO...mixed with some board history.
Cheer!!! everyone...the day is comming for us to consumate our DD and turn it into CASH!!!....lol...and bragging rights.
Baz
looks more like a decoy duck ....hopefully for us all "it" will be our Dancing Disco Duck...all the way to the bank
good fortune to all
Baz
In response to Oilphant who states sedco 702 has been possibly drilling for week(s).
Hmmm Oilphant or our co. ERHE..who to believe.
from:Tryoty
Whoops!
ERHC Energy Inc. Technical Partner to Take Possession of Drilling Rig This Week
HOUSTON, TX, Aug 19, 2009 (MARKETWIRE via COMTEX) -- ERHC Energy Inc. (ERHE), a
publicly traded American company with oil and gas assets in the highly
prospective Gulf of Guinea off the coast of West Africa, today announced that its
technical partner, Sinopec Corp., will take possession of the SEDCO 702
semi-submersible drilling rig this week. The rig will be used to drill the Bomu-1
Prospect in Block 2 of the Joint Development Zone (JDZ) in which Sinopec is the
operator and ERHC has a 22 percent interest.
"The Bomu-1 prospect is one of several prospects in JDZ Block 2 identified from
3-D seismic analysis and interpretation," said Peter Ntephe, chief operating
officer with ERHC. "The work during the next 45 days or so will focus on a number
of potential exploration targets at different depths and will considerably aid in
understanding the geology and hydrocarbon potential of this and other prospects
in the Block."
Sinopec has announced it will spud the Bomu-1 well before the end of August. The
water depth is approximately 5,400 feet. Sinopec will drill to a total depth of
approximately 11,600 feet subsea.
ERHC Energy has interests in six of the nine Blocks in the offshore Nigeria-Sao
Tome and Principe Joint Development Zone. The Company has additional interests in
the territorial waters of Democratic Republic of Sao Tome & Principe known as the
Exclusive Economic Zone (EEZ).
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on
growth through high impact exploration in the highly prospective Gulf of Guinea
and the development of undeveloped and marginal oil and gas fields. ERHC is
committed to creating and delivering significant value for its shareholders,
investors and employees, and to sustainable and profitable growth through risk
balanced smart exploration, cost efficient development and high margin
production. For more information, visit http://www.erhc.com.
Cautionary Statement
This press release contains statements concerning ERHC Energy Inc.'s future
operating milestones, future drilling operations, the planned exploration and
appraisal program, future prospects, future investment opportunities and
financing plans, future shareholders' meetings, response to the Senate
Subcommittee investigation, developments in the SEC investigation of the Company
and related proceedings, as well as other matters that are not historical facts
or information. Such statements are inherently subject to a variety of risks,
assumptions and uncertainties that could cause actual results to differ
materially from those anticipated, projected, expressed or implied. A discussion
of the risk factors that could impact these areas and the Company's overall
business and financial performance can be found in the Company's reports and
other filings with the Securities and Exchange Commission. These factors include,
among others, those relating to the Company's ability to exploit its commercial
interests in the JDZ and the exclusive territorial waters of Sao Tome and
Principe, general economic and business conditions, changes in foreign and
domestic oil and gas exploration and production activity, competition, changes in
foreign, political, social and economic conditions, regulatory initiatives and
compliance with governmental regulations and various other matters, many of which
are beyond the Company's control. Given these concerns, investors and analysts
should not place undue reliance on these statements. Each of the above statements
speaks only as of the date of this press release. The Company expressly disclaims
any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statement to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or circumstances on which
any of the above statements is based.
Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
...
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NICE ONE !!!! Tryoty....LOLOLOL
hey there gang
what is the theory today on AXC shares....vote yes for shares tendered?...wait and sell open market..possible further upside with good results from drilling?
what will be the window of opportunity for sale on open market if voting no for tender of shares?
wouldnt want to lose profits ...just for a later tax write off...LOL
thanks
Baz
Wally:
agreed...
but we will need an interpreter of drilling results as we wont be led buy the hand through them.Hope this is why he is here as a consultant then BA BYE...to him and IMHO most likely us as well .Sinopec doesnt need ERHE after any future buy out .they still are in tight with SEO by way of opl 291 (?).Also Chrome refineries could use a helping hand fron SNP...there are Synergies out there after SNP/AXC/ERHE..removes the SEC scenarios associated within.
I just dont see what we offer as a company to any mix.JMHO
Bazil
Timmer
It's possible they had legal advice to keep this low key till SOL ran out!!!....since then we had "white board" that still has legs today!!IMHO..as it was rough and hard to cypher.Then Red Chip events...and more news comming out in OUR own filings ;with AGAIN many things we didnt know IE SEO's loan(s)...and our most likely loss of 5+ mill.Somehow things are comming together as we know drabs more ..attributed to many hours of hard work from many DD'ers(I thank you all).
We are passengers looking for destinations here...traveling together ,enjoying stories and chat and of course INFO as "WE" drum it up ourselves...conjecture for sure,but largely interesting!
I think the time has come for "ERHE"/via drilling to tell its story...SEEMS like "OUR" encumberances are now past gone.
Manny
sneak
SNP's $13.40 is not just for NSAI numbers in the JDZ....included in that is the 130,000 + barrels of oil per day they are recovering "from all properties from Ghana and Nigeria , Khurdistan.
There might be a premium included with the $13.40,used to be, 8 to 12 range i had reckoned.
Anyway..Its not just for NSAI numbers for the JDZ.
GLTUA
Mid:
"these people"..who you are refering to,are board aquaintances,who I dont listen to (usually) and they are not trying to tell me something(usually)but rather we are here to discuss ERHC and the GOG events and how this all affects us. I am sure we will know way more(as in our companies) after 1 hole is drilled..than they know now...that was all I was saying....and maybe some of the risk will be negated with the looks of commercial oil "A POSSIBILITY".
I dont think I used the word certainty any where in my post...nor do most others.
Plesase stop the lectures and on with the discussions
TIA
Baz
JE:imho
BB:
ERHC waits for drilling results ....then ... we are bought by SNP for aprox 10$to 13.50$ a barrel...and so the picture will be clearer after drilling results in blocks 2 & 4 .
I dont know what techniques are involved in creating the different degrees of reserves..but...we will have descent estimates,I hope!
baz
Strass
I respect your opinion on how upset you are with JCG...what I dont understand is why we dont hear the same sort of blame towards yourself!
We are all to blame for being in this stock(yes even the timing we dealt/deal with)...I would have loved for myself only hearing about ERHC a few months ago and getting in at say .16 cents....but over the course of 8+ yrs here many times I have blamed myself,only to find out how much I have really learned about global everything and yes I spend too much time here.
Be well and let us blame ourselves all the way to our fortunes with ERHC!
In blame
Baz
helo gang
This relates to ERHE in regards to an operator hiding material from partners in the block.I am in another small Canadian player in Namibia(which has 10%)...where Sintezneftagaz (from Russia) is the operator of block 1711.The Namibian Govt. has declared this first wilcat well as tight hole status...and any PR we have gotten from other partners involved have not come up with any drill results.....this has been over 1 year since drilling and a boat load of testing.So even if partners know something.....they are being restricted to PR info...either by the operator or the Host country.
This is not written as anything but another side of the story....we still must have patience.....and hope...and LUCK!!!!
We all hope and conclude that there is commercial oil/gaz ..in JDZ
Let the drill bit speak loudly PLEASE!
P.S. there was a meeting In Namibia with Russian delegations and a small report came out stating that there is commercial gaz there...trouble is infrastructure stinks...
the consensis is that there is Presalt oil under all that commercial gaz.
gives hope for EEZ?..possibly!
Baz
Umbra
sorry to reply here but I have no private pms.
interesting...but all the other variables,including Addax's production, might be what Addax is being valued for...lol
So is the JDZ being the lost leader for the deal?URGH...I sure hope not.
having said all that...%'s will only tell us anything when we have #'s attached to those %'s via JDZ results for a peg on Addax's JDZ value.(this would take till the end of the year perhaps).
I see this deal being many more times complicated than what info we have privy to.
We will be wealthier for sure(I am already and hope you are too)by the end of the year.(I am very possitive going forward).
Just a Crazy Canuk
kind regards
Baz
Mid:
physically not connected yes!....geologically NOT connected?....
YOU MUST BE KIDDING...can we see a link for that ?
Bomu ...Obo.....Kina.....Merlin....etc...hmm was it 47 prospects?...they are all disconnected geologically?
You are saying this as IF you know...lol
WHO DO YOU THINK YOU ARE KIDDING?
surely NOT any of us longs
I think Sinopec also has seen seismics.
They seem relatively confident PRE drilling.
Baz
helo there
maybe the 8 bil was for all assets other than jdz eez....possibly that might be why Sinopec wants to see "first" what's down there as the deal might also have riders attached OR Sinopec has its own strategy and with a hooked deal in hand will have possible preferace to another deal for the rest of Addax/ErHE .
anyhow you would think that Addax would be much higher in share price with all these rumors....I guess EVERYONE wants proof from JDZ!!
Baz
nice sneak! regarding ERHE:
Jethro Bodeen would be proud of your cyferin and all those gosintas.
Hope you are close to the whole cement pond with that scenario.
I could live with this(a whole lot!)
Baz
lol:OT
been folding now for 9yrs.....gonna have to go to tanning salon(see nick)...after this plays out...bare chested on the beach...looking like im in love with myself!!!!!not the best hook for the ladies.
Baz
kind regards
hi Umbra:
@8bil rumor bid...Addax valued @ 51$ us....LOL
I think leaking this info on bidders lining up is their step1 deal!
keep smiling cause Addax IMHO will not be sold for 51$ US....more like 85.$ us...so 10/1 swap.... we need to be around 6$ us a share ...to still have an upside after we become addax...LOL...IMHO.
keeping long(ing) for 6$ ...and becoming addax...we could achive 10.00 @ share ...down the road(long?...short?)WE KNOW a tad more than nothing.....needing night vision glasses.
Baz
YUP...EOM
Art & Try
China lost out on the Unicol deal as this was an American company and things got very dicey with Govts.China didnt loose out on Akpo deal(even though it cost a premium)as it dealt with a South African aquisition as I recall.
IMHO..China will not loose this one as Addax ultimately will hold biggest %'s in most blocks and operatorship mostly as well(or at least head technical with block 2),IF ALL THIS COMES TO BE!!!
Addax is Canadian/Swiss backed and once it's pockets are as full as need be..then China will "Tailor" the deal to sweeten it up for Addax shareholders!!!!(which incidently might include us) for yet another multiple for the die hard taken out ERHE'ers.
To which Im happy to be 1 ...yes even after all these yrs(I guess the trick was to average down when possible...if you believe!
Baz
hey side
I have been watching and Addax is following the tsx either up or down...also the strength of Can. dollar/vs U.S.$ daily comes into play..aimho
Baz
how about herds of wildebeasts stampeding across the serengetti?
K C What?
Bazil
thanks Mark...LOL...why are your puzzles easier to follow?
OH YA!!!!! cause they actually make sense!
We all (minus a few that relish in ERHC's tough times)are waiting for possitive news.
P.S. especially like that Vegas sign...I will be there for sure.
Baz
well...im not sure about that..cause investors not traders...probably got stung with the market crash and....ERHE is doing me just fine in this market environment.So, maybe you are speaking(like ) a trader and not as a longterm investor.
thanks and happy trading!!!!
If I got under your skin?...im glad...cause your post was at least understandable!.Oily even though I dissagree because, ERHE is trying but interestingly profitable, my outcome over the years is pleasant.
Just tired of waiting like most here.
Holding for a Mark update....
P.S. he also has a way better sense of humor than you Oily!
good luck
Baz
Oily?
Regarding ERHC ENERGY...which of your many(too many to count)
scenarios are you willing to bet on.
((((((((((_____________________________________))))))))))
Let us know so we can do the opposite!.
many thanks for your being here as a contrary indicator.
My money is on Mark...HE has always been forthwright and his intel is seems to be fortlight years ahead of your curve.
Happy investing all...we all want to make money..and we are/ will..soon whichever scenario takes place.My hope is to be long and soon able to enjoy myself from this investment,especially after 8 and abit years.
Cheers!!!!
all kidding aside...me and my Winipegonian gal, will be ready to head onto VEGAS for the Stag/ette..hopefully befor next winter ...if this one ever leaves!!
Baz
LOL...yes we wouldnt want any of THAT kind of info/intel?
hey Big:
I dont in any way...and I mean ANYWAY want to endorse oily's post(maybe just should have ignored it)but I think he refered to Anadarko with the Belford dolphin!
yours in fantacy
Baz
ya!!!!
written by Oilphant,so everyone can understand it ...would make a lovely bed time story for children ..illustrations and all.
Baz
sneak:
sign me up
PRONTO
I love the ..having Addax shares for upside as well.
Some might think this would be short sighted, but, Addax could be a 3 to 6 bagger from here IMHO(might be after buy out).I reckon this would give me twice the amount I would get from a straight $10.00/share.This is based on $50.00 Addax and I think that IF WHEN Addax gets taken over they will be worth $75.00 to$100.00.
Play this out with your share counts..its favourable..IS ALL
its a scenario ..like many worth pondering.
Happy days!! Ladies and Gent
Baz
if addax doesnt get bought out...having those valuable shares will appreciate as our commodity becomes more and more dear!
Then Im heading to UK to have a drink with UMBRA!!!LOL
possibilities Strass.
I believe that Block 1 will have a hole punched there.
1...defrays costs to Addax as they have 75% of block and expenses.
2...Addax has 40% of block 1 with other partner The Chevy with deep pockets.
AMHO
Baz..(hanging on to my)rope now a thread as we get closer
thank you Dr.J:
block 2 seems to have a few large structures that straddle block 1...so we can extrapolate these estimates to partialy be in Block 1 .We still gotta drill...but by estimates from technical info ...looks like Block 1 will at least retrieve its costs including sig.bonus..(gotta be more to attract Major oil).AND!!!
they want to drill again as the DP is slated for block1 .....1 well ..who knows at minimum.
its gonna be interesting.
lets hope we are still here to have our celebrations along the way and prosper so we can achieve our future goals.
GLTA
Baz
could some one post that pic of the structues in Blocks 1-4 and their estimated bbls of energy within?
thanks in advance
there is a better reason XOM exited from JDZ..might be us?whatever it is..they will buy as much of it as possible when the time is ripe!AMHO!and time is of the esscence as there is going to be a global battle for West African Oil between east and west.
ACTION SOON!!!!!
waiver: in oil timelines
Baz
more?....LOL EOM
LOL..ya soon you will have a board with posts of just sticky notes...LOL
Just for fun...I know and expect deletion
Dadd: idealy yes ERHC Energy board "is only about ERHE and related matters,(but I think we must converse as to how things posted here affect us as investors)
but when posters dont use imo etc. and make statements that are percieved by the masses here as manipulation or incivilities,it then becomes about all this behavior and then a substantial % of a day's postings might be in contravention to IHUB Rules...LOL
Happy moderating in such cases
Baz...its not so all cut and dry
miami:
no one knows anything here more than another
ERHC Energy is either an insignificant pimple on an elephants butt..IE: we be taken out for our %'s ..as we add nothing as a company to the development of the JDZ and EEZ..OR..We actually take some cash and try to develop maybe diversify and remain a small time energy venture capital company or such...OR.... anything and everything in between!
So you see we need everyones, mostly useless posts,(especially mine)from which our family here has evolved and held eachother together through some rigorous times.
Keep up posting disagreeing ignoring etc.
Lets all just TRY to be civil about it.
Thanks miami
Baz
march 10/2009...(kinda sorry to bring ole Joey into this but)
Joe sheas blog has an interesting scenario...we have discussed this as well.
thought Kosmos/tullow/anadarko had the ABAN for 3 plus 3 or 4 plus 4,but the twist is in the funding towards that project.
All the best to us all
you are right homeport.
so to keep this about ERHE and not Eoim he was confronted tecnically and was exposed.
he is on another stock board of mine (stockhouse)Falcon Oil.He bashes there and spams all kinds of stocks that he wants a rise from IMHO
As we know beware of all posters!!
This is our Year!!!