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with lots of NEWS and Buying !!!
thanks for setting up this thread -
$10 by XMAS !!! Great day today !!!
presto - like clock work
BOFA plays the hide and seek game
leaving the ASK prior to open
and returning 1 hour later
if he has as much to unload in Sept. vs August
it will indeed be a long month
so he was asked to get involved but it appears his services were not needed
We knew this all along
the STP AG report had nothing to do with Jefferson and NG backed up the process as legit...
Some smoke but no fire ........
this post is worth more analysis
on CNBC tonight they ran a special on Mcdonalds. They detailed their Chinese growth plans to add several thousand new restaurants over the next few years ........
FYI Mcdonalds recently partnered with SINOPEC which have 30,000 retail gas outlets in China
soon to be upgraded w/drive thrus
Food for thought
Q4/Q1 '09 - depends when OPL 291 starts
from Addax ...
We will be drilling, as operator, one commitment well in OPL291 and three commitment wells in JDZ Block 4 and Sinopec, also party to the rig contract, will be drilling one commitment well in JDZ Block 2.
We have not yet determined which of the wells will be drilled first, however, even if we decide to drill OPL291 first, we would still be drilling in the JDZ by late 2008 / early 2009. Jeff's [Schrull] team continues to work on re-interpreting seismic in order to determine which well we would drill first - and we would still consider drilling earlier should we be able to get a drilling slot.
Unfortunately, we have not received a recent update from Anadarko as to when they plan to drill on Block 3.
BOFA left again today at 9:20am - now parked at .33
yest. he came back at 10:30
lets see what happens today
feels like he will be back top ask soon enough
its not 200k its more like 10-20 Million
they blue out 200k just today
this doesnt account for the 30 days they have been selling
this surely is a high stakes game if it is that
I'm sure when the dust settles all will be fine
the question remains when??
FACT: 720 MM O/S @ 660k traded =.0009%
Thats all we know
all else is anyones guess - I agree with WD we have seen a similar pattern before - just not at these levels and any selling is compounded by the small VOL.
BOFA is a new [not Regular] MM to ERHE a Net Seller since July
How much is left?
Who is selling?
Who is he selling to?
Whats the motivation?
Whats the strategy?
Who is calling the shots?
Is this manipulation?
When will it end?
Another FACT:
ERHE/ERHC has never missed a day of trading since 2001 - never Halted - every day solid
Big news will come out of left field as all leaks have been shut down i.e. SEO leaves and we traded only 400k that day + drilling is still 1 year away
Buy into selling and Sell into Buying
Keep you eye on the prize - Turn off the monitor
you got it, a $10 million margin call LOL
so sell the penny stock at a 4yr low to cover
sounds right
and btw take your sweet time to sell to cover 4-6 weeks
the compliance dept. of the firm wont mind
another 60k by BOFA - he likes this figure
msg from 8/17
you are wasting your time with him
he doesnt have to say squat nor should he
what I asked him on the call and how he replied is enough - why should be repeat him self [at $300/per hour - lol]
RIGHT ARE SAFE SECURE !!
WD - 10:36 MF is back
9:19AM now parked up at .375
Again NO COINCIDENCE BOFA leaves the pps goes up on even SM VOL
BOFA GONE again - for now !!!
Lets keep our eye on him
Today is the GODSONIC Deadline for 9% BL 4!!
assume news should be forthcoming
In July 2007, ERHC and Godsonic commenced negotiations over relinquishment by Godsonic of any claims by Godsonic to entitlement to a 9% interest in Block 4.
A provisional settlement agreement has been reached on payment of $250,000 accrued this quarter to Godsonic in consideration of relinquishment of all claims by Godsonic, with the condition that if settlement is not completed by August 30, 2007, the settlement is null and void and of no effect. If the settlement is not completed, litigation might ensue between the parties.
http://www.sec.gov/Archives/edgar/data/799235/000114036107015876/form10-q.htm
BB 100% agree - plans are in motion
simply read between the lines or as some say its what the company DIDN'T SAY that speaks volume and the JDA Pres. needed to give the GREEN light
Additionally, the board approved management’s recommendation to reformulate the Company’s business plan. The reformulated plan will permit ERHC’s management to expand the Company’s business focus beyond the Gulf of Guinea. Under Mr. Luca’s leadership during the past year, ERHC’s management has reaffirmed the Company’s rights in the Nigeria-Sao Tome & Principe Joint Development Zone (JDZ), strengthened relationships with governments and regulators in the region, stabilized the Company’s finances and put strict controls in place to keep expenses in check.
In coordination with the board meeting, ERHC’s management met with leaders of the Joint Development Authority (JDA), which oversees activities in the JDZ. During informal discussions with the JDA Chairman Ado Wanka at the JDA’s offices in Abuja, Nigeria, ERHC’s representatives reiterated the Company’s commitment, in conjunction with its technical partners, to fulfill its obligations in terms of exploration and production activities and community relations initiatives. ERHC representatives left with an expectation of the JDA’s continuing cooperation with ERHC and other holders of rights in the JDZ. ERHC holds rights to participate in exploration and production activities in six of the JDZ Blocks.
that RARE public message by SEO should be a screaming buy signal for his local boys
- they always seem to come bargain hunting about this time
- perhaps they are still getting their cash together
regardless they are pain in all our butts
unless like Nick you need more cheap shares
end of July
BOFA is killing us I am changing banks
mostly ALL Sells by BOFA
3:59:36 PM Trade 0.275 18055
3:59:16 PM Trade 0.275 500
3:58:54 PM Trade 0.27 4100
3:58:06 PM Trade 0.27 5000
3:58:06 PM Trade 0.27 2800
3:58:06 PM Trade 0.27 5000
3:57:36 PM Trade 0.271 7000
3:55:32 PM Trade 0.271 2000
3:54:50 PM Trade 0.271 1100
3:53:50 PM Trade 0.271 5000
3:52:20 PM Trade 0.271 55000
3:51:40 PM Trade 0.271 10000
3:50:16 PM Trade 0.271 20000
3:50:04 PM Trade 0.271 25000
3:48:22 PM Trade 0.275 5000
3:43:38 PM Trade 0.275 2000
3:40:08 PM Trade 0.271 75000
3:39:40 PM Trade 0.275 25000
3:39:24 PM Trade 0.275 25000
3:39:02 PM Trade 0.271 25000
3:39:00 PM Trade 0.28 7100
3:38:34 PM Trade 0.28 1000
3:31:20 PM Trade 0.28 5000
3:07:26 PM Trade 0.275 10000
2:47:16 PM Trade 0.271 6000
2:32:58 PM Trade 0.271 25000
2:30:24 PM Trade 0.275 25400
BOFA taking stock but only backed up a bit from .275 to .28
What is this guys deal ?????????
just took another 47.5k and doesn't budge !!
He has taken ALL the buys today by himself
fyi if BOFA was gone IMO we would certainly be in the mid .30s perhaps low .40s
hmmm BOFA just clocked the .28 bid for 65k
watching MM BOFA at TOP ASK for over a month now leads me to believe he may NOT be a true seller
BOFA is simply capping ERHE so not to rally - pegging us in a trading range
BOFA rarely hits the bid - but does sell stock to the buyers who come to his ASK price
He does seem to back up with excessive buying
BOFA gets out of each buying rally only to reappear once the buying has ceased
BOFA is also very patient and will stay for hours and hours at one set price
prior to the 2003 - 2004 - 2005 rallys up to .90 MM NITE acted the same prior to the run up
then it was MM NITE that led the buying rally up
the big question is WHY ????
who calling the shots at BOFA ???
what is this odd behaviour really about
in order to get REAL VOL IMO new buyers will need to come into the picture
this group cannot continue to buy&sell to each other year after year without the infusion of new investors and new capital
to get this ....
a] resolution of investigations
b] buyin / out
c] drilling
d] oil
these events are on track and finally
e] get off the OTCBB
if BOFA would get out of the way
the sky's the limit
Oilphant what about 104948 ???? vs 83050
" 6 " (5 !) / 20 = 6
please explain
you sure nailed 103202
thanks
more Positive Developments behind the scenes
Independent Directors
Wish to "expand the Company’s business focus beyond the Gulf of Guinea"
Management meets with leaders of Joint Development Authority to reaffirm commitment
sounds like more news is cookn' or at the very least management is doing a much better job in ensuring shareholders during trying times
Great news CASE Dismissed !!!!
Tune ... Brookemadison@gmail.com
Fish/WD I also recall days of like 1000 iHub/RB posts
100s of newbies asking what the F was going on
where are they now
2-5 MM / day there may have been a 1-2 day 8-10 MM day surge
we all have a gift again here at .3
NO ONE here will be able to say they missed the low
the bigger trading issue here is the inability to attract NEW Buyers - we have been buying / selling to each other the past 2 years
New Blood is needed for us to surge ahead with any conviction
simple as ABC
a] Buyin/out
b] Investigation cleared
c] drilling
Oilphant too few to recall - I do recall however the pps running shortly after ERHC cleared up old lawsuits and got their books in order
prior to the 2004 Lic Round
pps ran from .30 to .90
hmmm didnt ERHC recently resolve old lawsuits / clean up books / revise web site ??
eh. must be a coincidence
Good day on Fri and better week indeed
interesting to note again BOFA left the scene again FRI around 11 am - and poof the pps rose on very low volume and lack of any major block trades
he was acullly backing off on Thursday and again the pps ran same as it did after SEO departed
still intrigued by all the recent events and looking ahead we should expect news from Addax/ERHC on the updated BL 4 increases and assuming the same formula from Addax should leave us with even more cash on hand and more free carry percentages
but the big gorilla who has left us I am waiting to hear what juicy deal has been struck and who will lead us to first oil
I refuse to believe he and his millions of shares
simply left us hanging
No Way Jose
agree NO ONE has a Friggn Clue
But Add it Up .......
CC
SEO Departure
Lawsuits Settled
Books in order
New % in BL 4
New Revised Web Site
New Enhanced PR machine
rumor of a deal from mysterious posters
Again could mean nothing or could mean everything
***BOFA*** TOP BID !!!!!!!!
Hunt on for Offor successor... 08/24
Upstream Online
Someone kindly post
HOUSTON-based ERHC Energy has accepted the resignation of its controversial Nigerian chairman and non-executive director Emeka Offor and says it is now in.....
thx Homeport - anyone keeping track of all these W.African Oil Discoveries - seems like we are hearing new finds every week
our turn comes this time next yr
cant come soon enough
08/24
new UPSTREAM Story on ERHC can someone post ....