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Thanks Krom, very nice!
Cheers
Brez
hopefully an astroid won't hit the earth. Then again...the strain...the strain...
Thanks and certainly hope so! We don't have much altitude to loose!
Cheers
Brez
Spoken with British accent:
" well played sir, well played"
Cheers
Brez
I've seen it rise through the 80s and 90s multiple time just like you then. You made your choice to take or not take profits just like I did.
Your choices, not the company.
So how about we act accordingly?
Wow..that's some powerful sum up (not).
So, to sum up...Cepsa always had those choices, and all investors knew it prior to buying. Where did we loose you?
Even if the announcement today said that "Cepsa as decided to go directly to drilling" the obvious down side would have been "yeah well they will wait 2 years to do it".
All positive to me!
1. CEPSA still in
2. Proceeding to next phase as planned.
3. TheWon was correct.
The only negative thing that people can bring up is that they wanted more!
I'm all in with a smile
Cheers
Brez
Thanks Doc
I must have missed it!
Cheers
Brez
Thanks Krom, good find!
Cheers
Brez
Yep, everyone has a name and fit in a category. Are you saying you care about investors?
Buy more at this entry level and you will make tons of money or at least average down. If your done buying because you have lots then great, protect your investment. See you in three years.
Doc,
Did you mean to say:
" I can't believe that a new buy-out offer will not be presented..." or
" I can believe that a buy-out offer will be presented..." ?
I always believed and still believed that given the right circumstances a buy out will be offered.
Cheers
Brez
Thanks for the reply. I would like to see a good news that will finally excite the market and strangers to this stock. Excite them as much as what I believe this stock can do!!!
Cheers
Brez
Man...... I'm tired of being a bottom dweller!
Cheers
BreZ
Why are you asking the obvious?
Welcome to the board TheWon.
Cheers
Brez
Krom,
I agree, that's exactly what I'm thinkin' happened!
Cheers
Brez
Copy. Thanks
Brez
Thanks!
I see that it is an "estimate" only. Therefore we didn't actually receive that amount. It would be nice though!
Cheers
Brez
Sorry I can't open the link. Could you cut and paste the article in a reply please?thanks
Brez
Perhaps they want an orderly flight to the moon?
Cheers
Brez
Thanks oldoil,
Please let us know if/when you find out the reason why!
Cheers
Brez
Sorry thanks,
Cheers
Brez
Realist, but I really hope it does more than double with hopefully good news on
Chad partners
Chad seismic
Kenya seismic
Kenya drilling plan
EEZ partners
Cheers
Brez
I think we are all holding our breath!
Cheers
Brez
Hope the sellers hold tight on the ask! Those 30k shares will go quickly enough at .066 and then we can start to slowly climb!
Cheers
Brez
Thanks! I'm sure that they have or will look at all angles!
Cheers
Brez
OT. Sweet! Watch out for gomers! Not much hiding behind terrain there! Currently in YBG.
Brez
Thanks Seek
Cheers
Brez
Sorry Herkload, no.
My next YOD venture will be Aug/Sep timeframe!
Cheers
Brez
Hope she was worth it! LOL
Cheers
Brez
Thanks Majic,
I guess to put a timeline to the Kenya 11A block from the 10Q:
The PSC (announced signature on June 28, 2011) with the Government of Kenya obliges ERHC to carry out the following minimum work program:
(A)(June 28 2011 - May 28 2013) During the Initial Exploration Period of Two (2) Contract Years – Minimum Work and Expenditure Obligations:
- Acquire and interpret 1,000 km2 of gravity and magnetic data (at a minimum cost of US $250,000) and
- Acquire and interpret 1,000 Km/line of 2D seismic data (at a minimum cost of US $10,000,000)
(B)(June 2013-May 2015) During the First Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligations to:
- Acquire 750 km2 high density of 3D seismic data (at a minimum cost of US $30,000,000), or
- Drill one (1) well to a minimum depth of 3,000 m (at a minimum cost of US $30,000,000)
(C)(June 2015- May 2017) During the Second Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligation to drill one (1) well to a minimum depth of 3,000m (with minimum expenditure of US $30,000,000).
I added the dates but since the PSC was signed on or around the June 28 2011 it seems we are just a little off the timelines but catching up rapidly!
Cheers
Brez
Well said. Thanks
Brez
From Kingpindg
ERHC Energy Inc. Receives Presidential Seal of Approval on BDS 2008 in Chad; Commences Funding of Work Program
Survey to Focus on Areas North of Discoveries in the Doseo Basin and East of Discoveries in the Doba Basin
April 28, 2014 07:01 | Source: ERHC Energy Inc.
HOUSTON, April 28, 2014 (GLOBE NEWSWIRE) -- ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that it has now received the arrêté (decree) of the President of Chad giving presidential seal of approval to the Company's retention of oil exploration Block BDS 2008 and its voluntary relinquishment of the Manga and Chari-Ouest III Blocks. ERHC had earlier announced the agreement of the Ministry of Mines, Energy and Oil to ERHC's request for relinquishment. The request was made to enable the Company to focus its resources on the highly prospective Block BDS 2008.
With the receipt of the Presidential Order clearing the path for ERHC to proceed with exploration activities in BDS 2008, the Company has commenced – in advance of a potential farm-out – the financing of approved geological and geophysical work. ERHC is currently issuing a series of convertible notes to fund magnetic/gravity surveys and, thereafter, 2D seismic acquisition.
Modeling for gravity/magnetic surveys of BDS 2008 was completed recently and constitutes the basis for ERHC's request for bids from reputable survey companies for the requisite surveys. ERHC's plan is to gather data from an area of 5,000 square kilometers, with two main areas of focus:
- North of Esso's Tega and Maku discoveries in the Doseo basin; and
- East of and on trend with OPIC's Benoy-1 margin discovery in the Doba basin.
ERHC has 100 percent of the interest in BDS 2008 in southern Chad, which encompasses 41,800 square km. or more than 10 million acres. The Block is located on the northern edge of the Doba and Doseo basin, the site of active exploration and development projects with discoveries exceeding 1,290 MMBOE. Based on its current understanding of available data, ERHC estimates the un-risked resource potential in the two focus areas in BDS 2008 to be 250 million barrels of oil equivalent (MMBOE).
In addition to its oil and gas exploration interests in the Republic of Chad, ERHC holds interests in the Republic of Kenya, the Sao Tome and Principe Exclusive Economic Zone (EEZ) and the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ).
http://www.globenewswire.com/news-release/2014/04/28/630417/10078496/en/ERHC-Energy-Inc-Receives-Presidential-Seal-of-Approval-on-BDS-2008-in-Chad-Commences-Funding-of-Work-Program.html#sthash.MLga201W.dpuf
Thanks King
Cheers
Brez
Kingpindg
Thanks for the great dd!
Cheers
Brez
Thanks Seek,
good info and way ahead in there!
Cheers
Brez
ERHC Energy Inc. Announces Changes in Exploration Team
Exploration Manager Gertjan van Mechelen departs
HOUSTON, April 1, 2014 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that Mr. Gertjan van Mechelen has left the Company effective March 31, 2014, by mutual agreement.
"In a relatively short time as exploration manager, Mr. van Mechelen made significant contributions to ERHC's progress," said ERHC President and CEO Peter Ntephe. "We wish Gertjan the best in his future pursuits."
ERHC's exploration team will absorb Mr. van Mechelen's former responsibilities. ERHC's exploration team consists of a talented and experienced geological and geophysical (G&G) technical staff, including Senior Petroleum Engineer Dr. Ken Seymour, Senior Geophysicist Michael Shafie, Geologist and Geochemist Dr. Peter Thuo who heads ERHC's Kenya operations, and Geoscientist Martin Wensrich.
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its stockholders, 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 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 stockholders' meetings 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 Kenya, Chad, the JDZ and the Exclusive Economic Zone of São Tomé and Príncipe, 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.
Spin #1
Great job accomplished with Kenya. Now exploration rests with CEPSA with Dr Thuo's oversight! No need for extra salaries.
Cheers
Brez
ERHC Energy Inc. Announces Changes in Exploration Team
Exploration Manager Gertjan van Mechelen departs
HOUSTON, April 1, 2014 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that Mr. Gertjan van Mechelen has left the Company effective March 31, 2014, by mutual agreement.
"In a relatively short time as exploration manager, Mr. van Mechelen made significant contributions to ERHC's progress," said ERHC President and CEO Peter Ntephe. "We wish Gertjan the best in his future pursuits."
ERHC's exploration team will absorb Mr. van Mechelen's former responsibilities. ERHC's exploration team consists of a talented and experienced geological and geophysical (G&G) technical staff, including Senior Petroleum Engineer Dr. Ken Seymour, Senior Geophysicist Michael Shafie, Geologist and Geochemist Dr. Peter Thuo who heads ERHC's Kenya operations, and Geoscientist Martin Wensrich.
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its stockholders, 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 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 stockholders' meetings 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 Kenya, Chad, the JDZ and the Exclusive Economic Zone of São Tomé and Príncipe, 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.
Ok let's play nice! We have enough to pick at with dum and dummer on other board!
Cheers
Brez