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I think that is Mork from Ork
naonaonaonao
I wonder where they got the info that Sinopec is looking at ERHE. It is very easy to assume that is the case...wonder if there was more to it to put it in print
DoubleAA - I think good news is coming soon as well. I do not know when, but base this on everything that I have read here...predominantly official reports and things from the company like the recent video. There do appear to be some posters experienced in the oil industry here and also appear to be some that have "sources" that may know more about what is going on than most. Of course, I would not make an investment decision based on a rumor or post from a message board, but there are many indications that things are going very well. 1 million dollars a day is a lot to spend for several months.
my question for you (if you made it this far in my post)- is your opinion of good news soon based on a "hunch", what you have read here, or is it from some other source? ( without naming names )
stoner, you do not spend 600,000/day to drill multiple wells if the results are not good. All indications are that the seismics were accurate. A company would not be valued at 420 million dollars without positive results. It may be a "few" weeks(3-10) , but those that hold their shares and/or load up should be very happy short and long term (IMO)
positive and optomistic; oki doki- thanks Markgovols for the heads up on oki...600,000/day to drill more in block 4 is a positive and optomistic sign IMO
I predict commercial oil discovery and signif shareprice appreciatrion. Is that what you think double a anonymous?Or double angry asian?
Thank You Patrick for transcribing the video....remarkable progress...major player...EEZ...optimal shareholder value...we are sooo close...a few weeks away...
this is an ivestment opportunity that could change the lives of the shareholders. Seismics indicate huge oil reserves...the rumors indicate substantial hydrocarbons... it is still a low enough shareprice to load up and get huge returns. I am glad I stumbled across this a few years ago. I have no idea who alerted me to this, but those that get in now can reap the same benefits as long term shareholders , and that is fine with me. The next 1-6 months will be a great experience for all of us longs and we deserve it!
midtieroil - how do think it would work it ERHE sold the jdz assets for cash? Would we get a dividend? Do you think the share price would go up based on the amount of cash ERHE received? What would they do with all of that cash, if it didn't come to shareholders as a dividend?
thanks vip1999...that was quick.
I think there are 3 reasons that indicate that the longs here have made a very wise choice to invest in ERHE
1. The analysis of the jdz blocks such as seismics/other technology indicate that there are hundreds of millions (or more) of barrels of oil in our blocks in the jdz. I am not an expert, but my understanding is that the technology to assess this is very accurate, otherwise there would not be....
2. over a hundred million dollars is being used to drill multiple wells over the next 3-4 months in our blocks. I think it is ~500-600,000 dollars /day / ship to lease these huge drillships. That is over 1 million/day for the 2 ships currently drilling or 100 million over 3-4 months. That is the kind of money that would not be spent without a very high degree of certainty that oil is down there, IMO.
3. Sinopec just bought out Addax. Although Addax has other assets/oil, they have (had) a large percentage of these jdz blocks. IMO, that is the major reason that this deal occurred right as drilling was about to commence. I doubt they would spend billions to acquire addax if they didn't have a very high degree of probability that these oil estimates are accurate ( or even low).
It appears to me that this recent pull-back over the last 2 days is just a normal stock trading pattern, and, IMO, the new 52 week high set in the last week will not be the 52 week high in the next week or 2.
Bueller? ... anyone? How do they know if they hit an elephant? Midtier? oilman? Will we know in the next month about a new huge discovery? I want to see the jdz on cnbc.
Bueller? ... anyone? How do they know if they hit an elephant? Midtier? oilman? Will we know in the next month about a new huge discovery? I want to see the jdz on cnbc.
thanks s2r. With the technology available today, I would think they should be able to assess the size of a well when oil is discovered. I hope that is the case rather than waiting for months or longer to see how much oil is down there. I do wonder how accurate and how quickly they can estimate or determine the actual amount of oil once it is discovered.
How do they determine the amount of oil after drilling begins. When they "strike oil" ( yes, when, not if), how do they determine how many millions/billions of barrels there are? Is there a way to estimate this based on pressures? Do they need to drill several wells to delineate the size of the oil field? In other words, will they know if there is an "elephant" once they hit the oil in the first well? Will they have an idea or certainty that there is a major find? Is this something that is known immediately, or does it take months or more to know how much oil is in each well/field?
How do they determine the amount of oil after drilling begins. When they "strike oil" ( yes, when, not if), how do they determine how many millions/billions of barrels there are? Is there a way to estimate this based on pressures? Do they need to drill several wells to delineate the size of the oil field? In other words, will they know if there is an "elephant" once they hit the oil in the first well? Will they have an idea or certainty that there is a major find? Is this something that is known immediately, or does it take months or more to know how much oil is in each well/field?
Does that post sound like the announcements will be before end of Q3 or that the drilling will begin before end of Q3?
There is no question that oily has made a lot of posts that have not been accurate. However, I cannot see how it is possible to post something that results in share price going from 18 cents to the nifty fifties. He seemed to know that volume (buys) were going to occur. I don't really care what oilphant posts - it does not result in me buying ( but the billions of barrels of oil and drilling to start this year do). I do think he must "know something" and therefore the 80's should not be too far off, IMO.
OILPHANT Do you still think this post of yours is correct? (sp will be much higher this time next week.) higher than 3/30 price; Are you still "predicting" eighties this week?
how does this help NEOM?
what msft news?
Does anyone know how it would work if Sinopec wanted to "buy-in" for 49 % of ERHE ? If they were to buy the entire company, then all shareholders get the price per share offered...straight forward. If they only buy half, I don't know how this would work.
2-3 years is 24-36 months...simple math/
Julius - Meridian has been asked this multiple times and for some reason is avoiding to answer it. If it is true( MONSTER find), then we all know the share price will be higher than 2-3 dollars in 2-3 years.
I agree with your #'s;
never again....until 12 hours later/
so what could meridian say to attempt to scare investors here into selling....reverse split ?? only going to be 2.00 / share in 2-3 years ( which is actually a "weak bash" since over 100 % gain in 2-3 years is not terrible); it seems obvious to me that meridian has an agenda here, especially since claiming to own no shares; be careful when you listen to what he says. ( IMO, signif. higher than 2-3 dollars in 2-3 years...could reach that level this summer)
Exactly what I was trying to say Badog.
I think that is one of the purposes of these types of boards. Obviously everything posted is not fact. If you have info. about ERHE then I think you should post it here, or don't bring it up at all on the board. Sorry to post that opinion, as I know you have been a great "source" here which is appreciated. I just don't like it when people imply that they have info. but cannot tell "the board" about it. Not that you do this, but in other stocks I own this occasionally happens.
Markgovols - why not "bounce it off" your friends and fellow shareholders here on the ihub board? I cannot see any harm in that.
If it is true ( which I think it is), on oil discovery like this will be on all the major news stations (TV) and in all the major newspapers, publications, etc... ERHE will begin to be mentioned as one of the owners of much of this oil. Fortunately for us, we know about it now ( and have for some time ) and were able to buy stock in this company before most others ever heard of it. It sure seems likely that at some point ( 1 week, 1 month, 1 year ??) that this stock is going to really show signif. shareprice gains. If it does take a while, I'm betting the overall trend will continue upward.
word will now begin to spread about all of the "rights" ERHE has in the JDZ and who is partnering with this "small" company. However, I still think it is only "us" that actually know what these "rights" mean. 99.9 % do not know about the billions of barrels of oil. Once Chevron announces their findings (assuming it is what we are told here), this will instantly become an international news story.
Who was the poster that said they knew a broker that was going to invest 50 million once PSC's were signed? Any word on that?
what is AAFES ?
they can start with mispelt; (lol) ; has it been confirmed anywhere that NEOM is getting money for all of these words?
PJ - can you post the e-mail you received...thanks.