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thx ART sounds like things are cook'n
Dane $2.5 ??? -when-
thanks Electick - makes sense - lots of speculation with no news makes for fun rumors
speaking of which OILY has 4 days to produce some Rig news
or we serve some crow pie
Red - issues in STP - I'm shocked !!
Oilphant SEO branches out to ...
a] MPE
b] Saudi Oil Firm
c] new Nigerian shallow properties to be run by James
d] Chrome
are we still walking the plank
Rocky correct who first predicted the Belford D Rig?
Spec or Oilphant ? I suggest everyone RE - READ the lenghy post below over the weekend
- no one is talking - just be ready for action
http://www.investorshub.com/boards/read_msg.asp?message_id=15954653
*Only a handful of people know what is actually taking place and they certainly aren't talking. Nor will they. Discretion is the motto of merchant bankers
*ERHC’s SEO can-and probably is-leveraging price of an ERHC buy-in with that of a buy-in into Chrome Oil. And I highly doubt he plans on short changing himself with either, ….making my $2 ERHC pps reckoning in Part 1, appear to be a wee bit on the low-end….
BB a great post - thx for sharing !
Interview with Keba Keinde, MPE / MFC CEO
http://www.mpefunds.com/cms/view.php?id=176
MPE Energy Fund $1 Billion
Total of 5 Equity Funds up to $5 Billion - may get uo to $10B
Richard Matzke singled out as a industry specific professional fund manager [Sector Specific]
80% of Energy fund to invest in high growth areas [W.Africa]
Fund is estimated to return 20% - this is a conservative EST.
Pipline of Transactions is Well Advanced - may offer investors additional upside returns
Financing from Dubai World Dubai Bank
Fund seeking public listing on Dubai exchange
ERHE Form 3 James Ledbetter
1,000,000 Shares at $.43 Direct Owner
ERHC ENERGY INC Rpt Per : LEDBETTER JAMES
3 12/22/2006 12/18/2006
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Ledbetter James
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/18/2006
3. Issuer Name and Ticker or Trading Symbol
ERHC Energy Inc [ERHE.OB]
(Last) (First) (Middle)
5444 WESTHEIMER, SUITE 1570
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
Vice President Technical /
(Street)
HOUSTON, TX 77056
(City) (State) (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 2. Amount of Securities Beneficially Owned
(Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (1) 12/31/2007 12/31/2017 Common Stock 1000000 $0.43 D
Explanation of Responses:
( 1) This Stock Option was granted pursuant to Mr. Ledbetter's Employment Agreement. The vesting of the shares is subject to the satisfaction of certain performance targets fixed by ERHC's board of directors.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ledbetter James
5444 WESTHEIMER, SUITE 1570
HOUSTON, TX 77056
Vice President Technical
Signatures
James Ledbetter 12/22/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
StockGrid.com: OTC Stocks to Watch ERHE
on Thursday, December 21st, 2006
Sarasota, FL, Dec 21, 2006 (M2 PRESSWIRE via COMTEX) -- OTC Stocks to Watch on Thursday, December 21st, 2006 that appeared on www.StockGrid.com ERHC Energy, Inc., (OTCBB: ERHE):
Independent oil and gas company, ERHC Energy, Inc., (OTCBB: ERHE) announced Wednesday that the company had appointed James Ledbetter as Vice President Technical, effective immediately.
ERHE closed Wednesday at $0.46, up 4 cents
About www.StockGrid.com:
At the end of most trading days the Grid will analyze the performance and activity of up to 15 stocks trading on the OTCBB and some that trade on the NASDAQ. If we find that 15 can't make the GRID we will reduce this number to 10. Stocks are not pre selected beforehand but will make the GRID based on activity for the categorical criteria listed. Micropenny stocks will not be listed. This includes Volume, Price Moving Percentage, Bulletin Board Activity with a very unique "Sentiment" rating, Press Release Activity and Moving Trend Forecast. The information provide in the GRID which can and could be a daunting task is then compiled and crunched into a simple "grid" type format.
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CONTACT: eLocity Inc. Tel: +1 941 544 3498
Not Selling vs. Giving up Control
10:58:04 AM Trade 0.49 5000
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my Bad littleBitmoore1 $.50 !! 50k block buy
wow 112k Buy at $.45 !!!! nice
50K buy @ $.045 hmmmmm
amj23 actually according to the ERHC web site under Goverance / FCPA
in additon to a Fine - there is a potential for Prison time
However our RIGHTS WILL NOT BE CHANGED
RECALL we had the Protected STP/JDZ RIGHTS PRIOR to SEO coming on board [SEO just re negotiated the deal]
Where the anti-bribery provisions of the FCPA are breached, the following penalties may be imposed:
§ Fines of up to US$2 million against the company
§ Prison terms of up to five years and fines of up to US$100,000 per violation for individuals involved
§ The Securities and Exchange Commission (“SEC”) may seek further civil penalties.
Where the record-keeping and accounting provisions of the FCPA are breached, SEC penalties for violation of securities laws may be invoked. Wilful violations of the record-keeping provisions may result in up to 20 years imprisonment and US$5 million fines for individuals and up to US$25 million for companies.
ERHE News Icon up - dont see any news !
Watch for the Best! yet to come ??
http://www.marketwire.com/mw/release_html_b1?release_id=196833
cleaner version vs. yahoo
thanks
Most professional PR I've seen from ERHC in many years
Good news finally too
Thanks Dan
Thanks Alwright - ERHC will be Allright
Addax also told me yest. that they are moving forward with JDZ BL 4 and additionally Starcrest's OPL/291
they don;t seemed too phased by the bad press
Alwright -if this is your opinion please indicate
Today an Addax source confirmed with me 2007 JDZ drilling
what do you mean nothing will happen ???
ERHC wont get a new CEO/CFO ?
Hal,S Freed, BM and Oily and others are NOT BS ing !!
there are big deals trying to be put together !!
when they close - IMO in short order
so Stay Tuned ,,,
news icon is up
it is frustrating not knowing !!!!
As a teenager I used to watch Days of Our Lives with a former girlfriend [dont laugh]
I learned millions of viewers tuned in daily to find out what the F*** was going on - who did what - who said what - who was sleeping with who - who shot who ? on and on BS and more BS
After a while I stopped watching cause I realized I could tune in a year later - and they were still talking about the same old crap [ the gal and I spilt up too FYI ]
This is the Saga of ERHC
BUT you certainly wanted to tune in on those "TO BE CONTINUED" episodes
so STAY TUNED !!!!!!!!!!!!!
mhslowly read this carefully
"I expect the price to be at a slight premium to market to ensure an instant value uplift for the buyer.
I cannot see how this stock doesn't trade to $0.80 immediately and,
depending on the actions of the buyer, ****proceed from there**** "
$.80 - $6 is a process of events !!!
there is much speculation on these events
buyin / buyout / drilling etc
as RED says Roll the Dice
IMO there are no dice needed
BIG OIL IS THERE and WE HAVE BIG RIGHTS to IT
Exactly TIGHT LIPP'D thx littleBitmoore1
repost 12/04 from EF
The stars are aligning toward a purchase of half of Offor's position (
roughly 21% of the company) and his neutralization by installation into
some structure where he does not vote or the buyer votes his remaining
shares. This is a must for anyone to come in.
The price will not be near $2.00 a share. Offor cannot afford to hold
out for that amount. 1) His cash needs are substantial and has not
been paid on Starcrest (not that it's all his anyway). 2) He does
understand that the moment he sells that the stock rallies
significantly and his remaining ownership is enhanced. 3) No one would
pay such a premium to current price, notwithstanding what we may think
it's worth in the long-run.
I expect the price to be at a slight premium to market to ensure an
instant value uplift for the buyer.
I cannot see how this stock doesn't trade to $0.80 immediately and,
depending on the actions of the buyer, proceed from there.
the Dow is taking that 1B currency sell off ok - lol
SHHHHH cant talk - lol
Post 82477
upatnight you ever sell your house?
a] first you agree to a buyer
b] deposit is paid
then the paperwork ...
agents / lawyers / bankers / inspectors / on and on
back and forth -
this house is worth 1/4 of a Billion today
could be worth several Billion tomorrow
Santa is coming !!!
Some close to the deal have signed NON DISLOSURES
CANT SAY SQUAT !!!
this fact alone indicates "GAME ON"
AGREE DADD - someone confirmed to BM "Game On"
VOLUME OBSERVATION
some have questioned why if we are near a deal why doesn't VOLUME indicate more is happening
a] there is NO NEWS !!!!!!!!!!!
b] insiders have loaded the boat
c] leakage from this group has been EXTREMELY TIGHT LIPPED [which is a good thing - nothing would kill a deal more than all insiders running their mouths off prior to deal being announced]
d] PPS does the talking - just look at a 6 month chart
other ERHC/ERHE rallys have had big Volume days 5-10 MM shares but we have had only one 3.5 MM VOL days and a few 2 Million days
Again there is NO News - nothing on the wires nothing from the JDA or our partners, so the ONLY news comes from this thread [how sad -lol]
recall ALL THE [100's] of NEWBEES who posted on RB when they smelt gains in previous runs ...
this time ZIP - NO [select few] NEWBEES period
SO we have rallyed back up from $0.31 on no news just speculation and after sitting quiet for months and months [Volume under 300k]
IMO it SMELLS like a deal is on the way to being announced
we are OVERDUE for NEWS
odd a CEO/CFO have yet to be announced from 100s of candadites
[its apparant to some these changes will be announced when MPE gets SEO to step aside]
ERHC(Frankfurt:ERH.F) Change:+0.04 +12.90%
BB you get the Poster of the Year Award
MN UP
Dest Golf - you are discounting MPE / Oily / Hal and whom ever has contributed to the behind the scenes BM scenario
Plus the recent update of confirmed 2007 drilling
But the PPS usually ALWAYS tells the story
please explain the 3-4 run ups on bigger than average VOL with no news after being quiet for 5 months
answer - something is cook'n But WTFDIK
Homeport - I think this plays out in stages
IMO first stage get SEO out of majority control around $1+
announce new players / management
2nd stage a tender offer
3rd stage a buy out - who knows ??
my guess its ADDAX - 5/1 Stock Swap - at $33 CDN presto $6 -
Oilphant-at $6 we will need a few cases of #85331
and
BB exactly - how long does it take to reel in a new CEO - what ave. Sr. Oil Executive out there [out of 1000's] wouldn't want a shot at a "CEO" title on his resume - too many candatites
reason : the Millenium group appoints a new CEO/CFO after deal is announced IMO