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Total Fina is the only name that matters, They are the Work Horse and China is the Feed Store. The U.S. will not let the majority of West African Oil that is controlled by ERHE"S rights land in the hands of the Eastern Power House. Total Fina gets ERHC share for the West and everyone is Happy.
Just thinking outloud.
I could be Wrong, But I Do Not Think So!
Sneak
No way, Say it is not So! Someone on the other board told me he complains to the Ihub Brass about the responses he get from fellow posters and what do you know, they get put in the Dog House. Maybe management feels it is better to ban a few posters than listen to his constant complaints. He reminds me of the West End of an East bound Mule. LOL
Sneak
Here you go Boys and Girls: Three years ago it started and now it is starting to take shape.
http://bp0.blogger.com/_-FMOIAuiCIU/R-TwODuKokI/AAAAAAAAAAk/HjI-hO4yKpg/s1600-h/whiteboarderhe4.jpg
Sneak
CPC is SNP any way you slice it. CPC gives up Chad blocks to ERHC and after sipping the sweet hydrocarbons in phase 2 of the JDZ, Look for the French to Sweep ERHC from all their Troubles. Management can not release any info as it could Scuttle any deal that is in the works. China has the Money and The French have the Technology. It look like they have started baking the Cake.
There I go again, Thinking Outloud.
Sneak
Seek: The purchase value has to be achieved via the hand picked asset accumulation that is taken place by the suitor operating in the background before an offer to acquire takes place. These asset valuations along with hydrocarbon cash flow(Small operating company with hydrocarbon cash flow)will complete the dance to enter the AIM Market Listing. As this value approaches the selling price, the Suitor will sweeten the Pot, Some here may be Totally Surprised!
Have a Great Day!
Sneak
Gas Origin Theories to be Studied
Burning water? This liquid came from a water well at the site.
Photos courtesy of Thomas Gold.
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The AAPG Hedberg Conference on the "Origin of Petroleum -- Biogenic and/or Abiogenic and Its Significance in Hydrocarbon Exploration and Production," will be held June 9-12 at the Institute of Petroleum in London.
Organizers said the conference is designed to provide an opportunity to present the hypothesis, evidence and data for an organic origin of petroleum and for an abiogenic origin of petroleum through oral and poster sessions, with ample time for discussion and debate.
Day 1 will deal with the origin question. The significance of each through case study exploration strategies using both models will be the focus of Day 2. Day 3 will deal with petroleum migration under both origin scenarios.
Organizers are Michel T. Halbouty, of Halbouty Energy; Peter Odell, Erasmus University; Brian Abbott, Institute of Petroleum; Barry Katz, ChevronTexaco; and Ernest A. Mancini, University of Alabama.
Click here for MORE INFORMATION or write to Debbi Boonstra in Education Services of the Geoscience Department.
METHANE (CH4) The Siljan Ring project in Sweden was supposed to answer a lot of questions about the origin of hydrocarbons, but not even the sight of burning "water" ended the mystery. The research -- and the increasingly intense debate continues.
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The debate about cooking up hydrocarbons keeps getting hotter.
Some scientists insist that all petroleum comes from abiogenic processes, with hydrocarbon development occurring in the Earth's mantle.
Most geochemists and petroleum geologists remain convinced that crude oil and natural gas have organic origins.
Look for this dispute to intensify in 2003, with new heat coming from an unexpected venue. In June, AAPG's typically sleepy Hedberg Conference could be the spark that sets off scientific fireworks.
Hedberg conferences address topics proposed by AAPG's Research Committee. They take place in informal settings, with attendance limited to 80-100 persons.
On June 9-12, however, a Hedberg Conference will be held in London with the theme "Origin of Petroleum -- Biogenic and/or Abiogenic and Its Significance in Hydrocarbon Exploration and Production."
"The timing is right," said Barry Katz, a ChevronTexaco Fellow in Houston and a member of the conference's program committee. "Historically, what has been the big issue is that there's essentially a Western and an Eastern school of thought.
"On the Western side, we've gone through what you've typically done in the scientific method," he noted. "The Russian arguments have been just that, arguments. We have yet to get them in a room to see what they have on the table."
Katz said he hopes the leading theorists from both sides will attend, so "we can have a balanced view and get everybody to talk to each other. That's what the Hedberg conferences are all about."
Is It Commercial?
An explorationist might dismiss the entire controversy over petroleum origination, except for two key points:
Theorists of abiogenic petroleum tend to see hydrocarbons as not just abundant but super-abundant, with no possibility of constrained supply.
Petroleum generated by abiogenic processes could occur anywhere, so exploration need not be limited to sedimentary basins, or to depths of only a few miles.
Modern theory directly links petroleum origination to organic detritus, according to Michael Lewan, a research geochemist for the U.S. Geological Survey in Denver.
"The modern, organic theory of the origin of petroleum states that a portion of the lipid fraction of micro-organisms deposited in anaerobic sediments is the original source of petroleum," he said.
Proteins and carbohydrates make up 85-95 percent of the weight of these micro-organisms, and are rapidly degraded by microbial activity, Lewan said.
The remaining 5-15 percent can be preserved in anaerobic sediments, representing "unique depositional conditions that result in organic-rich, sedimentary-rock intervals in some stratigraphic sequences," he explained.
Lipid material preserved in the original sediments polymerizes into kerogen, an insoluble organic material, Lewan said.
"As these organic-rich rock intervals are heated with burial in sedimentary basins, the hydrocarbon polymers within the kerogen thermally crack through a free-radical mechanism to yield liquid and gaseous petroleum hydrocarbons," he said.
Research in the lab and in the field demonstrates that petroleum development can and does take place in the earth's crust, he stated.
"I feel we've done a very good job of simulating production of petroleum in the laboratory," Lewan said. "Between the lab work and the fieldwork, we've put together a very good picture."
Although hydrocarbons can be produced from inorganic sources, a 1993 study based on helium isotopes found that abiogenic hydrocarbons account for less than 200 parts per million of cumulative global production to date, Lewan said.
"Is it so diffuse that it never really accumulates? Is it focused in certain areas where it can be accumulated?" he asked.
"I don't think anybody has ever doubted that there is an inorganic source of hydrocarbons. The key question is, 'Do they exist in commercial quantities?'"
From Russia, With Love
Various other theories oppose the organic-origin explanation. The principal counter-theory is often called the abyssal, abiotic Russian-Ukrainian theory of petroleum.
In 1951, a group of Russian scientists issued a challenge to the theory of organic petroleum origination. They claimed that hydrocarbons are produced from inorganic materials, at upper-mantle to lower-crust depths.
New controversy over that proposal resulted from a paper published in August 2002 in the Proceedings of the National Academy of Sciences (U.S.), "The evolution of multi-component systems at high pressures: IV. The thermodynamic stability of the hydrogen-carbon system: The genesis of hydrocarbons and the origin of petroleum."
This paper, written by J.F. Kenney of Gas Resources Corp. in Houston and three Russian co-authors, rejects the proposal that petroleum can derive from "highly oxidized biotic molecules of low chemical potential."
Drawing on scaled particle theory and simplified perturbed hard-chain theory, Kenney et al. present an evaluation of the chemical potentials and related thermodynamic affinities for n-alkanes. They conclude:
"The H-C system does not spontaneously evolve heavy hydrocarbons at pressures less than about 30 kbar, even in the most favorable thermodynamic environment. The H-C system evolves hydrocarbons under pressures found in the mantle of the Earth and at temperatures consistent with that environment."
They also briefly describe the experimental production of petroleum hydrocarbons using only wetted marble (CaCO3) and solid iron oxide (FeO), in an apparatus allowing investigation at pressures up to 50 kbar and temperatures up to 1,500° Celsius.
Kenney said there is no real debate about petroleum origination.
"There has not been any 'debate' about the origin of hydrocarbons for over a century," he stated. "Competent physicists, chemists, chemical engineers and men knowledgeable of thermodynamics have known that natural petroleum does not evolve from biological material since the last quarter of the 19th century."
In their paper, Kenny et al. contrast the H-C system with the H-C-O system, "which manifests consistently decreasing chemical potentials with increasing polymerization."
They then discuss reactions involving C6H12O6, or glucose, as a "typical biotic reagent." In response, Lewan noted that neither carbohydrates nor proteins are now thought to have a part in petroleum formation.
"Significant scientific advances over the last 40 years have tested, modified and refined the organic theory for petroleum formation in the Earth's crust," Lewan said.
"It is unfortunate that Kenney et al. have chosen to ignore these efforts of other competent scientists, and elevate their inorganic theory on the misconception that the organic theory is based on carbohydrates being the source of petroleum."
The Golden Touch
No one in the United States has been more associated with the theory of abiogenic petroleum than Thomas Gold, a professor of astronomy at Cornell University, now retired.
"The only real opponents to this story (of abiogenic origin) are in Western Europe and in the United States, and they are the professional petroleum geologists," he said.
"The subject of organic chemistry was wrongly taken by petroleum geologists long ago to mean chemistry of biologic origins. You can still have a book of organic chemistry that has nothing to do with organisms at all."
Gold most recently explained his theories of the origin of petroleum in his 1999 book The Deep Hot Biosphere, which presents the view that life on Earth exists to a depth of many miles.
That helps him explain the apparent organic constituents of petroleum. In Gold's view, hydrocarbons form at a depth of 100 to 300 kilometers and take on some organic attributes as they migrate upward.
"Oil is a very good nutrient for microbiology. In 1972, I began to realize that the oil had soaked up biological molecules that the petroleum itself had fed," he said.
Migration also explains another commonly offered piece of evidence for organic petroleum, depletion of the carbon 13C isotope, according to Gold.
Photosynthesis and other organic activity favor the stable 12C isotope over the stable 13C isotope. The resulting 13C deficiency is taken as an indicator of organic processes.
Petroleum shows the 13C depletion to an even greater degree than its supposed organic source matter, but in a ratio similar to that of the lipid fractions of those organisms.
Gold theorizes that carbon-bearing molecules diffusing through a porous mass, in any process, results in fractionation that favors the lighter 13C isotope.
"Biology is not a nuclear reactor. It can't make carbon-13 or carbon-12. But it's treated in the literature that the 12C-13C preference is strictly a plant matter," Gold said. "It's quite clear that there is an isotopic fractionation occurring in the migration path."
More evidence of upward hydrocarbon migration from great depth comes from the prevalent occurrence of helium with petroleum, Gold said.
"We have two conflicting pieces of evidence. Petroleum contains helium, which the plants cannot have concentrated," he said. "Petroleum also contains purely biological molecules, which petroleum-fed biology deep in the ground could concentrate.
"This (upward migration from great depth) is the only explanation I've ever heard of to account for the amount of helium brought up with petroleum."
Petroleum explorationists have good reason to care about the true origin of hydrocarbons, Gold noted.
"For one thing, they always avoid drilling into the basement rock," he said. "They've probably avoided drilling into a large amount of very productive rock."
Also, in Gold's theory hydrocarbons continue to well up from the mantle. He believes depleted petroleum reservoirs are refilling, all over the world.
Seeing Is Believing?
A new perspective on isotopic analysis of abiogenic hydrocarbons appeared in a letter to Nature magazine in April 2002, "Abiogenic formation of alkanes in the Earth's crust as a minor source for global hydrocarbon reservoirs."
Barbara Sherwood Lollar and four co-authors from the Stable Isotope Laboratory at the University of Toronto reported their analysis of gas from the Kidd Creek mine in Ontario, typical of hard rock mines operating throughout the Canadian Shield.
"These gases had been known historically in the mines for a very long period, up to 100 years, but nobody had investigated them until the 1980s. In Precambrian rock, it's not intuitively obvious where these hydrocarbons come from," said Sherwood Lollar, a professor of geology at the university.
According to the authors, the Kid Creek gases were composed of methane, ethane, H2 and N2, with minor concentrations of helium, propane and butane.
"We knew that these were unusual in composition. They don't look like thermogenic. They don't look like microbial," Sherwood Lollar said.
An unusual pattern of d13C values among C1-C4 alkanes provided evidence of abiogenic formation. Additional support came from study of d2H values.
"The inverse relationship of 13C isotope depletion and2H isotope enrichment between C1 and C2 for the Kidd Creek samples supports a polymerization reaction as the first step in the creation" of higher hydrocarbons, the authors concluded.
Because the isotopic signature differed markedly from that of thermogenic or bacteriogenic hydrocarbons, Sherwood Lollar theorized an origin in water-rock interactions.
"The gases are found intimately associated with these saline groundwaters and brines, with up to 10 times the saline content of oceans," she said.
Identification of the 13C-2H inverse relationship in abiogenic gas allowed comparison with isotopic ratios in commercial gas reservoirs. The study found no meaningful presence of abiogenic hydrocarbons in commercial natural gas production.
"Based on the isotopic characteristics of abiogenic gases identified in this study, the ubiquitous positive correlation of d13C and d2H values for C1-C4 hydrocarbons in economic reservoirs worldwide is not consistent with any significant contribution from abiogenic gas," the authors said.
"The key point is that abiogenic hydrocarbons have been talked about for a long time, but until now we didn't have a very good constraint on what they looked like," Sherwood Lollar observed.
Katz said Western science recognizes that abiogenic hydrocarbons can result from natural processes, including the possibility of hydrocarbons originating at great depth.
"I don't think anybody's arguing that gas couldn't be generated from the mantle," he said.
However, even the Russian scientists he has worked with accept the organic origin of petroleum found in large, commercial accumulations.
"I've worked with geochemists and basin modelers at what was the Soviet Union's Institute for Foreign Geologic Studies. They were working with the same concepts we were," he said.
If abiogenic petroleum exists in amounts large enough for economic production, he hopes details of the science involved will be presented at the London Hedberg .
"I have yet to have anyone show me that there are commercial quantities of these hydrocarbons," Katz said.
"I'm a scientist, so I have to keep an open mind. But I need to see some evidence."
Have a Great Day
Sneak
5 Things You Didn't Know About Oil
Thursday, July 21, 2011
Oil is one resource that has been the subject of many conspiracy theories, controversies and myths. It has always driven the political dynamics between countries and played a pivotal role in crippling or elevating economies. Have you wondered what it would be like if the world hit 'peak oil', or what that concept entails? Do you know how far the oil industry dates back to? Have you ever noticed how entrenched oil products are in our day to day use? It isn't called Black Gold for nothing.
This week OilVoice compiles five things about oil that you may have always wanted to know and we were afraid you would never ask.
1. Origin
The term 'petroleum' is derived from a Greek word 'Petra', which means rock and a Latin word 'oleum', meaning oil, so the word 'petroleum' literally means 'rock oil' and the term was first introduced in the year 1556 by German mineralogist Georg Bauer.
There are two theories doing the rounds on how petroleum or crude oil is formed. One theory, the more popular and accepted one, attributes its formation to fossilised planktons and algae, the reason why it is also known as a 'fossil fuel.' The second theory, called the Abiogenic origin hypothesis, refers to oil springing from hydrocarbons beneath the earth's surface, which are of a purely inorganic nature.
Drilling for oil dates as far back as 347 AD in China, where people linked bamboo shoots to obtain oil from pits dug 800 feet/240 m deep. There is also evidence pertaining to the use of asphalt in building walls in ancient Babylon. From such modest use, the oil consumption has increased tremendously since the advent of industrial revolution in the 18th and the 19th century. The resource has seeped in to every aspect of our daily life giving rise to an industry that sees billions and billions of dollars worth of investments every year to meet the growing demand. Today, China and United States figure prominently in the world's largest consumers of crude oil. The USA consumes 18,613,000 bbl per day (2011), which is more than 25% of the world's total and China has recorded 9,310,000 bbl per day (2011).
Sneak
All Aboard, This asset Train is leaving the station soon.
Issue shares to exchange for cash or hand picked assets.
Bundle the hand picked assets.
List on major exchange.
Those that took shares for cash or shares for the asset swap will be getting a very nice return for the efforts.
This company will be sold to the company operating in the back ground.
Oh my, Thinking outloud again.
Sneak
TamTam: Thanks for the heads up, I wrote to Ed, let see what happens. The Ihub board was a better place when "BB" was around, A lot more enjoyable reading, I should say.
Best of luck to you and yours.
Sneak
badog
Share
Monday, July 11, 2011 3:54:45 PM
Re: midtieroil post# 242893
Post # of 242932
I saw a post...can't remember by who, that indicated that Akpo drilled 2 wells and estimated 200 million barrels of oil. I have not seen one quantitive number similiar to that coming from blocks 2-4...even cumulative. And what was the estimated amount of oil from Chevron in block 1? Didn't they put a number on that? Yet 'no oil' in blocks 2-4. I don't care how complicated these are...when someone says that no commercial quantities of oil were found it is reason for concern. And just because you do not think the results were that bad does not ease my concerns...especially since you don't know the results. You are just guessing that it is different than they say.
When you invested in ERHE I assume that you knew that they were amateurs in the oil business. You were not investing in their oil expertise...were you? So as you said, they hired NSAI to provide that expertise. They needed to know what they had. What should they have done?...hired one of Totals top guns...to analyze these highly complicated results...when the cost of hiring NSAI was probably much less?...and not an ongoing cost as an expensive employee would be. And it's likely that if ERHE had released the results from NSAI it could be a violation of their agreement with SNP. If that had happened there could have been actions by SNP that could have cost ERHE thier interests...or at least legal fees that could have burned a good portion of thier cash. Then you would be telling us all how stupid of a move that was.
You say that PN has no real clue of what he can and should do. Yet since you cannot see all that he is dealing with on all issues how can you second guess him? You do not have all the facts...and many of the facts may be ones that he cannot disclose...without consequences. How would you know?
So far I know that SNP came in and bailed us out when we were desperate for a partner/operator. They spend a tremendous amount of money while giving us a free ride. I don't know that SNP is playing ERHE? Do you know that? If you do then verify it. Personally I think that SNP found little in the JDZ and needs time to try to devise a plan B. In the mean time they have every right to keep the information close to the vest. And no...I can't verify what I think SNP is doing...and I can't verify what PN is doing...so I don't accuse them of doing us dirt. Find things that you can verify...and then go after them.
Badog
Sneak's response: Pat,Pat the "Good Doggie, Good Doggie" now Down boy Down before you get banned like me. Becareful, Barking at Mxxxx could get you in trouble, the I-snub dog catcher is watching!
Sneak
Seek, Be careful, Do not respond to him! post your responses to "NONE", I asked TamTam to help get you back on board, Do not blow it. I have been banned from the other board for the second time for pointing out Mxxxx's agenda. His history of posting has been to let the wind out of this company's sail. I can not post on the other board, but will watch and post from this board.
Good Luck!
Sneak
ED: No it sounds like the truth and sometimes the truth Hurts!
Sneak
Middy: You must not have read my post about "False Hope". Thinking you can take your fight to this board and not the Source of your displeasure is "False Hope".
Do not get Mad, Be Glad :) You have a budding career a head of you should you choose to become "The Guy from Houston". If the start up capital is to high, Then maybe a wearing a Sandwich Sign out in front of the Houston office will do the trick.
Go Get them Middy!
You have my Blessings and Prayers.
Have a Great and Delightful Weekend Middy!!!:))
Sneak
DG: Evasiveness, AKA The chosen dialect of Attorneys and Poloticians. Oh fiddle sticks, He is Both!
Must be one hell of an oil patch in the JDZ in order to feel the need to place the likes of such in the CEO's Position to guard agianst unwarranted releases of information that could collapse the Free Carry Contract!
Quiet an interesting observation won't you say.
Just food for Thought!
Sneak
Middy: How could $14.00 a share be possible with No Proven Hydrocarbon! Please put down the Kool-Aide. ERHE is just a Holding Company with hydrocarbon block rights and leases.
Sneak
Middy: There you go again, beating yourself up. I beg to differ with you on this quote "I think most investors are like me." I doubt that, My God Chap, are you a ledgend in your own mind? Come on now, You place a bet on a PENNY STOCK for goodness sakes. With all your constant rants, We can all tell that this investment is not going well for you Mate. We are all on the same ship Middy, yet the majority of shareholder in this company are not Ranting day in and day out. Get a Grip on yourself, Your talent is being wasted complaining, try digging up some insightful news you may find it rewarding and helpful.
We look forward to your input Middy and not the Rants.
Hey, maybe you could open a website like "The Guy from Boston".
you could be "The Guy from Houston" Now that would be taken the fight to the source. They (CEO & BOD) would not like your brand of Rants going World Wide.
Have a Great Weekend Middy!
Sneak
E: So you want a CEO that Tickles your Ear with in factual hyperbole, So you can feel good about yourself and this Investment. HMMMM
Hang in there old sport! This company has just started their Road Show!
Sneak
BD: In discussing Hope as it relates to this investment:
Hope is distinct from positive thinking, which refers to a therapeutic or systematic process used in psychology for reversing ones pessimism. In other words, hope is a feeling of optimistic feelings in a negative or failing situation to overcome it in success.
The term false hope refers to a hope based entirely around a fantasy or an extremely unlikely outcome.
Hope here with this investment would refer to postive drilling results when they have not been achieved yet. People need to sit back and give it sometime as deepwater drilling is costly and time consuming.
A false hope as it relates to this investment is about a few investors being negative about everything that this company does or has not done as effective as they might have achieve as seen through their own eyes. Somehow they believe that if they complain enough and more board members join in on the frey, that somehow they may feel better about themselves and this investment as others share their pain.
The climatic conclusion to this false hope is that they think they are punishing the CEO, BOD and SEO, When in fact they are hurting the long term stockholders as well with the low share price as few investors purchase this stock and others wait on the sidelines looking in. When people treat other with this kind of discourse, I am not suprised at the lack of information coming from this CEO and BOD of this company, after all the CEO and BOD are letting them chew on their own fears.
All investors should be keen to this company not just listing on the AIM, but Jumping to the AIM and leaving all the discourse behind them.
Just food for Thought.
Carry On.
Sneak
DE: No one is pumping this stock, if anything the continued bashing of the CEO and BOD is hurting the share price and themselves. As unsettled and spoked investors head for the gate and new investors stay on the sidelines. Outside of ERHE's own website, this board is a place for investors to air their opinions. What we have here on this board is a few paranoid gamblers masquerading as investors.
People with limited resources should not be placing long term bets on a penny stock company. SEO and Company tried to sell their rights to XOM and others with no takers, Addax was interested in adding ERHC to their asset base of window dressing before their Big Dance with SNP, but that did not work out.
NoBody is going to pay Billions for a company worth Millions and no proven Hydrocarbon Reserves. SEO and Company have realized that reality and with the addition of Mr. Bliss of Addax fame on board, they have started a series of asset acqisitions.
One must ask themself, Who helped select the EEZ blocks, Who helped select the Chad blocks, Who help select the investment in Exile Resources and the many more to come, HMMM. The scary thought would be ERHE made the selections which is very disturbing indeed. I think not!
Have a Great Weekend:)
Sneak
Kobiashi: Here is a secnario for you: The rumor had it that SEO and Company wanted $10.00 a share or $7.2 billion for SEO and Company to sellout. The buyer does not want to pay that much for the company with unproven Hydrocarbon resources. The buyer asks for SEO polictical help in collecting other Hydrocarbon properties in Africa. SEO and Company go out and line up a string of Hydrocarbon properties that will make the buyer very happy after all the buyer picked out the targets. What you see is ERHC doing some window dressing before the Big Party.
JMO
Sneak
Tip of the Day! People with limited resources should not be placing long term Bets on Penny Stock Companies!!
Sneak
It does not matter who the Ceo is. This is just a penny stock and the SEC could give a rat xss as to how it is run. We are all along for the ride no matter how you slice it. The sooner you realize that the happier you will be, so cheer up!!
Sneak
Let us see if the Puppet Masters will load up the balance of the oustanding shares to be issued by more Private Placement deals at the let say .21 a share. That will complete the balance of the $50 million shelf reg. and use the balance of the 212 million share left to issue. "This All Aboard the ERHC Train" dealings will allow for all those late to the party to get in on the Dance.
JMO
Sneak
Middy: P.N. is nothing more than a puppet, It will not matter if he leaves, as the Puppet Masters Control how this company's Final chapter will be Written! One might as well say this company is running on Auto-Pilot. Life will be better for all those concerned when this company is Sold!
Now hurry up and sip away, round 2 coming or should I say Phase 2.
Sneak
Middy, Nothing will ever change if you continue to bark at this board and it's members and not the Source of your Displeasure.
Stop stressing out, Pour yourself a stiff Crown Reserve on the Rocks, sit back, sip away and relax. Life is Good when you are top side!
Sneak
MZ: I have not changed my tune. I have been in this play for 10 years and have added to my position along the way. The Buy-out around the corner vision did not materialize as all had Hoped!
This stock is like rooting for the Boston Redsox of old. You got to love the action (The Stock Play) and say when things do not work out, We will get them next Year! The Yankees that is (Hydrocarbons).
Keeping the Faith!! and long live the visions of posters like "BB".
God Love and Bless the Optimist.
Sneak
MZ: Without a proven hydrocarbon reserve base, No one is going to pay billions for a company worth millions. Not even the Hydrocarbon Starved and Dollar Drunk Chinese. So the Window Dressing Continues!
Have a Great Day.
Sneak
F90: I do not think that they will sell any part of the JDZ Or EEZ. Mr. Bliss is on board and ERHE maybe lining up a string of assets to get listed on the AIM (window dressing if you will) and look for someone to purchase to whole company just like Addax did.
JMO
Sneak
EHP: What is the Truth? Most here do not want to believe the truth, which is that ERHE can not release any information about the JDZ phase #1 drilling results unless the Operator allows such release. That is Plain and Simple, This company is a Very High Risk Investment in the unproven deep waters of the Nigerian Toe Thrust Region. Also This is a PENNY STOCK COMPANY and it is run like such. This is not an S&P 500 Company.
This company is window dressing it's assets to display for an attempt at listing on the AIM. The powers that be are going to do as they see fit. As the AIM listing gets closer, the news releases should become common place.
ERHE is going out and making deals that they themselves do not need to ask permission from those that gave them the FREE CARRY in the JDZ!!
Some people have to much Idle time on their hands.
Sit back, Stop the quacking and be Happy, The ball is starting to roll in our favor.
Sneak
Marty: He thinks he is attorney Beaz! from the Casey Anthony trial. Just toss out enough info to confuse the masses.
If the news is good, watch for the shorts to charge the gate in order to cover their position. We could get a Nice POP!
Sneak
Middy: "There are probably a number of people who have me on ignore that may never see it." NO WAY!! Middy on Ignore, Now that is Funny!!
See Middy, It is not to hard being positive. Looking forward to all your post that are uplifting.
Just think of how the Nazi Blitz on London would have turned out if the Prime Minister would have complained about his Governments failures that resulted in the run up to the war. Instead he focused on the Silver Lining to every dark cloud during thoses days.
Cheer up, It looks like the ball is starting to Roll in our favor!!
P.S. Nice Find!
Have A Great Day!
Sneak
Chop sticks anyone!
Sneak
Middy: I know you are not alone in your displeasure with how this company is being managed. My statement to this board is take up this fight with the source of your displeasure. The share price is indicative of how people feel. They have sold and moved on until management get closer to realizing the true potential of the JDZ assets. All of which are out of are hand. Just think how this company would look if SNP had not happened along to rescue this venue from it's utter demise. Any number of new investors who happen to visit this site will be discouraged from investing because of the negative and hateful post about management. He'll man file a lawsuit and get a class action status for minority shareholders and let us all see what takes place. Let all those you feel victimized put their money where their mouth is.
Have a great day.
Sneak.
Absolutely!! Now SHHHHHH! Please do not wake up the ankle nippers! LOL The Peace is Enjoyable this holiday weekend.
Tam, See if you can help Seek get back on board. He seems to have some very interesting post.
Thanks for your help in advance.
Have a Great Day.
Sneak
EHP: Welcome back from the Darkside View of this Investment. Things should start to heat up as more deals get announced.
Indeed it will be interesting to see how they pay for such interesting moves in the Oil Patch. The dry land deals should turn out to be very informative as they do not have to watch what information that they release since it is their own Road Show.
Have A Great Day!
Sneak
Middy: You said "I want the details and I want them all instead of always being told the minimum allowable under law." In order for that to take place, you may have to submit a request to the BOD to allow (1) minority shareholder to sit on the BOD.
When one sells controlling interest in his house to a New Partner and but pays no expenses to the new partner for his share of expenses related to maintaining house, He can not rightfully complain about the color of the house or it's condition, He has already taken his Capital out of the Game!! and is awaiting for the value to increase before he sells off the balance of the house to his Partner.
Why small investors continue to think that they are entitled to classified information about the vital workings of sensitive deals in the works is beyond me.
With these new properties, they are in complete control of the flow of information and with an AIM listing in the cards, they will be able to relaes information that does them good, as the JDZ news is being held under a tight lid by SNP. So ERHE is out there with their onw show.
Sneak
Middy: Why are you acting like Alan Greenspan? Do you think that all of us longs here are Expressing Some Irrational Exuberance?
Be Happy My Friend!
May you have a Great Day!
Sneak
BD: You are right about the Assets! The AIM has a more Refined and Sophisticated Ankle Nipping Crowd! LOL they do not beat a dead horse to death, They just pull out their money from the investment, So Mangement better enhance their "PR" Game or it could be the last stand for this Stock!
They have to start to "Think Outside the Nigerian Box" this Company has been run like it was managed by a "Politician" with no concern as to what awaits them down the Road! Todays move by ERHE is just more "Window Dressing" before the Big Dance!
Have a Great Day!
Sneak
SEO and Company are loading the ERHE team up with hydrocarbon properties, Window Dressing if you will. Management has not spoke of these and other deals in the works for very obvious reasons. Once the SEC investigation was put to bed, an effort to improve the companies long term position in the oil patch was put in place. All the Nay Sayers can say what they want, Phase one drilling was never about finding Oil in the JDZ, It was about collecting vital information that could lead to an oil discovery during phase 2. If they had found the mother load in Phase 1, than so be it. Like a Trufffle dog sniffing the landscape before he digs up the prize! There must be a hell of a lot of Hydrocarbons in the JDZ (10 billion last count) in order to warrant such delays.
Have a Great Day!
Sneak
To all the negative bim-bobs, This ship is about to set Sail (Sale) and leave the ankle biters at the dock!
Sneak