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Total wants more than just blocks 1 and 2 in the EEZ, They are looking to Unseat Kosmos in the Region.
So Kosmos is looking to collect up to $500 million from ERHE, should ERHE share deepwater development information related to seismic imaging conducted in Kosmos blocks. What a Crock of Crap that line is.
History has shown that Despite Fabulous Looking 3D imagery, THAT FACT, in and of itself is Absolutely No Guarantee of a Commercial Discovery. Just ask HDYN!!!
As the time ticks on, ERHE should move past all this "Fake News Lawsuit".
If Kosmos wanted to protect its interest in the Region, then Maybe they should have broken out the check book and purchased ERHE outright on the open market.
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It would appear that ERHE won Round One with Kosmos. Kosmos will receive the same results in Round Two!
Total Fina Circling High Above, Looking at those Deepwater Hydrocarbon Properties that ERHE and Starcrest have.
Looks like Peter is Smarter than the Average Kosmos Attorneys as Kosmos DOES NOT APPEAR TO HAVE A BINDING CONTRACT ON EEZ BLOCK 4.
All that Pompus Doom and Gloom about ERHE is starting to Slip Away. The detractors my Friends are Freaking Out!!
Please conduct your own research in case I am Mistaken.
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Boy, some seem to be very nervous about ERHE teaming up with SEO'S Starcrest Energy.
Under the Stewardship of SEO and operating within Nigerian Territory and it's Political Realm of Influence in the Region, ERHE should continue to expand it Portfolio of Hydrocarbon Properties by adding Nigerian Marginal Properties with Proven Reserves and a Production Revenue Stream.
Look out Kosmos, but Total Fina is out to unseat you in Sao Tome's EEZ.
With the Value of Hydrocarbons heading higher, ERHE'S Hydrocarbon Prospects look better by the day!
Please conduct your own research in case I am Mistaken.
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So, it would seem that the "Truth Hurts", the non-believers in ERHE'S alleged NEW "CEO"!!
I can almost hear SEO singing "I'M, BACK IN THE SADDLE AGAIN"!! Smiling and Winking at the Detractors!!
Please conduct your own research in case I am Mistaken!
Have a Great Night Sleep!!
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The World is on course to consume about 33 billion barrels a year in Hydrocarbons, but the Hydrocarbon Industry has been discovering only 20 billion barrels of Hydrocarbons a year.
It will not be long before supply levels fall below replenishment levels world wide. Oil maybe selling above $105.00 a barrel by 2020 and could spike to $145.00 a barrel.
Deepwater Assets with new technology can generally take 3.5 to 5 years to drill and bring on line and can cost up to $5 Billion in Capital to do so.
As these Deepwater Assets become more valuable by the day as the World Approaches A Serious Replenishment Issue, ERHE could be sitting in the "Cat Bird Seat".
Marginal Nigerian Hydrocarbon Properties are looking better by the day and working with Starcrest and Eland Oil, ERHE'S future could looks better by the day as well.
Please conduct your own research in case I am Mistaken.
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Now the Peter is working for a Law Firm who might you choose to blame for ERHE'S shortcomings and poor business model going forward?
Blaming Peter for the non-commercial drilling campaign when ERHE was not the block operator and thus had No Real Say it what hydrocarbon target that got drilled.
So those who choose to blame Peter would be equal to blaming misspelled words on your Pencil.
Now that SEO maybe in charge of ERHE would indicate that ERHE may have entered the World of Nigerian Influence when it comes to Acquiring Marginal Hydrocarbon Properties within Nigerian with the help of Starcrest.
Just the way I See it, so please conduct your own research in case I am Mistaken.
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Making "Partner" in a Law Firm would imply that this new Partner can carry his or her own wait and bring in lots of money that not only benefit oneself, but the other Partners as well in the course of routine business at the firm.
Having said that, What Lucrative Legal Deals could Peter Possible bring to the Table that would Grant him a "Partnership" in the firm. Hmmmm.
Could it possibly be, The DeepWater Asset Sale? Maybe representation of ERHE (which he could not work for and represent at the same time) in their dealing with Starcrest, Elcrest or Eland Oil. Surely Peter will be working for SEO'S "Chrome Group of Companies".
Surely Bundling Deepwater Assets for Sale to a Potential Suitor(s) could be All Peter and fellow ERHE shareholders need to go out SMILING!
I can tell you this, those in the Circle of Trust stand to gain the most from being Positive ERHE shareholders after all these Years.
Please conduct your own research in case I am Mistaken.
Have a Wonderful Night.
Sneak-attack
One should look at the second wave of share selling in ERHE as the poison pill that might have prevented a hostile takeover of the company's hydrocarbon assets for a very low price.
With the total shares outstanding left unknown, federal tax debt and exploration development debt left unpaid and some unresolved legal issues working their way through the court system and delayed S.E.C. fillings.
ERHE now has the time to work a restructuring of the company without filing bankruptcy and thus retain control of their own destiny without leaving that choice up to a Judge.
Now I ask you, who had the Smarter Management Team, ERHE or HDYN?
Case Closed!!
Please conduct your own research in case I am Mistaken
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Seek, Total is now leaving Iran as Trump will be imposing economic sanctions on any company that does business with Iran since he canceled the Obama era nuclear deal with Iran.
Total will be Looking elsewhere to find and develop Hydrocarbon Assets outside of Iran.
The ERHE hydrocarbon leases are looking better than ever!
Please conduct your own research in case I am Mistaken.
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The world's Hydrocarbon assets are worth more than meets the ear as for the first time in exploration history, last year the World Wide Oil Exploration Industry Discovered Less Hydrocarbons Reserves than the year prior.
Now it does not take an expert to figure out that the World Wide PROVEN HYDROCARBONS RESERVES ARE NOT BEING REPLACED AT THE CURRENT RATE OF CONSUMPTION of 75 million barrels a day.
With World Wide Consumption of 100 million Barrels A Day coming in 2019, Hydrcarbon Leasing Activity is sure to taken off at a breakneck pace.
The value of these leases is anyone's guess, but surely they will demand a Premium Above Today's Prices.
Please conduct your own research in case I am Mistaken.
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PopsT, U the MAN!!
I heard some here hold 25% of a Third.
Are you close to that number or in that neck of the woods?
On another note: The U.S Energy Department is saying that World Wide Hydrcarbon Production above 100 million barrels a day coming in 2019 and the World will be hard pressed to maintain that level of Production long term if more Exploration, Discovery and Production does not take place.
Looks like prices are going higher!!
Please conduct your own research in case I am Mistaken.
Sneak
World oil consumption will cross the 100 million barrels a day threshold in 2019!
Proven hydrocarbon assets are valued at $15.00 a barrel for light sweet crude and could go to $20 a barrel in 2019.
ERHE'S assets are worth more and more each day as the "Trump" Economic Policy here at home, gives a Boost to All of the Economies within the Western Gobal Alliance.
Just my Opinion, so please conduct your own research in case I am Mistaken.
Sneak
That may be so for Seadrill, but HDYN is gone as they have NO MORE HYDROCARBON ASSETS TO EXPLORE, UNLIKE ERHE.
Everyone who held HDYN has Officially Lost their Investment and that is the BIG DIFFERENCE.
ERHE is Still in PLAY!!
It is the Hydrocarbon Asset that ERHE has and the business connection with SEO that has kept this Company in Play as they Say!!
Please Conduct Your Own Research as I am tired of doing the work for you.
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It does not matter to us LONGS what you believe as we believe in ERHE, it's Management Team and it's influential shareholder, Sir Emeka Offor and you believed heavily in HDYN and it's management team and they are Bankrupt Finished Gone!
So much for your Views, Guidance and Opinions.
The deal with Starcrest is on and No One can Stop It.
Please conduct your own research in case I am Mistaken.
Sneak
The answer to your question can be found, but not through a Google Search.
It just goes to show the world that the Detractors rely on their own pessimistic opinion.
I for one am in charge of my own investment choices and it does not rely on the opinions of the detractors.
Please conduct your own research in case I am mistaken.
Happy 4th to All the Longs in ERHE and it's management team!
Sneak-attack
What happens to ERHE'S 15% of EEZ block 11 when Kosmos loses to ERHE on EEZ block 4.
Total may have the Last Laugh the Deepwater Properties in the JDZ and the RED.
Please conduct your own research, in case I am Mistaken.
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I would have to agree with Krom "block 4 (of the JDZ).
Management has made no secret of their desire to sell off part or all of their Deepwater Assets. I believe that Starcrest has placed two Nigerian Deepwater Assets into ERHE'S hands as a way to "Sweeten the Pot" for a possible suitor of those assets.
This is maybe part of the Agreement between Starcrest and ERHE efforts in working together to help develope Marginal Hydrocarbon Assets in Nigerian Territory.
ERHE could be working with Eland Oil and Starcrest in Marginal Hydrocarbon Properties within Africa as well as Nigeria.
All this is my Opinion so please conduct your own research in case I am Mistaken.
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Thank You Krom, Negotiations in Block 4 are almost Complete.
Some here can not see the "TOTAL" Picture!!!
Let's Go ERHE!!
Please Conduct Your Research in Case I am Mistaken.
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The "Only True Lack of Disclosure" is from the Detractors of ERHE STOCK MOVING HIGHER.
Us Longs have maintained a Stern Resolve to see ERHE reach it's Ultimate Goal of Exploration Success through Joint Ventures, Hydrocarbon Discoveries or Merging with Another Hydrocarbon Entity.
Our Goal is plain and simple and that is to Make Money for ALL OF ERHE SHAREHOLDERS!!
On the other hand the Detractors Ultimate Goal is for this Company to Disappear from Existence.
So One must ask themselves, do you believe that ERHE'S Hydrocarbon Assets: 6 JDZ block, 2 Nigerian blocks, 1 Sao Tome EEZ block, 2 EEZ Blocks with 15%, 1 Chad block, 1 Kenyan block and a % of Nigerian OML-40 are worth more than $600,000 or Worth $0.00 as some claim!
Please Conduct Your Own Research In Case I Am Mistaken.
Go ERHE!!!!!!
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Offor was not arrested and only momentarily detained in London and not with a suitcase Full of Cash!
There was $700,000 pounds sewn into the lining of his suitcase.
Offor also got his passport back and was not barred from entering London.
Offor claims the money was for London Shopping
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So Sorry, I do not see your name and countless others within the "Circle of Trust".
Just how "We See It"!
Those in the "Circle of Trust" purchase subscription to some of the Most Expensive and Prized Publications about the Lastest and Greatest Oil Industry News, which is NEVER to be shared with those "Outside the Circle of Trust".
These Thoughts, Ideas and Productive Dialogue comes from some of the Sharpest Minds in the Oil Industry and cast a positive Light on What may be in the works and may be just around the corner in the Exploration business concerning Lease Buyouts, Mergers, Partnership and or Acquisitions.
Like a Capital Fund, No more people can be added as the "Circle of Trust" for it is Sold out or FULL.
Please conduct your own research in case I am Mistaken.
Just the way "We See It".
Sneak-attack
For some here, A modified Mathews 7:5 Bible Verse Comes to mind!!
You must first Pull the Plank from your Own Eye before you try and pull the Plank from ERHE Management's Eye!!
Did Some or Someone Slander those on the ERHE Management Team and It Influential Owner SEO who had No Control of the Drilling Campaign or it's Outcome??
Is a Suit Possible?? Could Be!
The Slanderous One's do not like it, but I and other ERHE Longs Doooooooooooooo!
Just Food for Thought, Govern Yourself Accordingly!!
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12 Deepwater Blocks, 2 additional Deepwater Blocks @ 15%, 1 block in Kenya and 1 block in Chad.
What could all those Hydrocarbon Properties be worth?
Only, Time Will Tell!!
You may be in for a Total Shock!! As Russia, China and India Jockey for Oranto's Deepwater Assets in the Same Region!!
Please Conduct Your Own Research in Case I am Mistaken!!
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Krom, those Slanderous people just can not stand the FACT that ERHE signed an Exclusive Agreement with Starcrest to Jointly Acquire Marginal Hydrocarbon Oil Leases in Nigerian Territory and Share in the Revenue from Hydrocarbon Production in OML40.
It would appear that ERHE is looking to Divest itself of its Deepwater Assets for a sizeable Cash Infusion and retain a small Free Carry percentage.
Going forward, ERHE may end up on the AIM London Market with Proven Reserves and Proven Hydrocarbon Revenues.
With ERHE in tow under the Arm of SEO and his Management Team and Operating with in the Nigeria Realm of Political Influence, Well the Sky could be the limit for this Company.
All of the above is just my Opinion and just the way I SEE it, so in closing, I would hope that investors will conduct their own research in case I am Mistaken and not listen to the Slanderous Ones!
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Amen Brother!! Treat them like Mushrooms, keep them in the Dark!!
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ERHE selected nothing, CESPA made the Selection and CESPA was Wrong!
Get your Facts Straight!!
ERHE has NEVER Selected a Drilling Site as THEY WERE NEVER THE OPERATOR OF THE BLOCKS THAT WERE DRILLED. Another Fact that Escape your False Narrative!!
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The JDZ is thought to hold 14.4 billion barrels of Recoverable Hydrocarbons or commonly known as OIL in THE 9 BLOCKS OF THE JDZ. Fact!!
Just because SNP could not find Commercial Quantities of Hydrocarbons in Blocks 2 through 4 does mot mean it does not Exist!!
Nobody could find Hydrocarbons just outside of the JDZ, but Total Fina did!!
ERHE management has recognized the Intense Capital Requirements and the Staggering Length of Time Conducting such a successful search for the Elusive Elephant Size Hydrocarbon Resources.
Total Fina is talking to ERHE about it's Exclusive Hydrocarbon Rights in the JDZ, EEZ and (2) Deepwater Hydrocarbon in Nigerian waters.
One must ask themselves, do you believe in the Value of these Assets or do you believe in the narrative of the detractors.
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Amen Brother!! The Truth Can Hurt, but it gives one a Clear Picture of their own Stock Buying Traits or should I Say Faults in choosing the right stock for their long term needs.
The Same is True for People who Blame Pencils for Misspelled Words!!
The Future only Holds Two Guarantee and that is Death and Taxes.
Have a Wonderful Evening.
Sneak
Sorry oldoil they have no facts, just Opinions!
They sit around all day living up to every word "Jimmy Buffet" signs about!!
Just Food for Thought my Friend! ??
Sneak-attack
Kosmos contends in Arbitration that :ERHC canceled the Option Agreement to get more money for block 4"
No skit Sherlock! The facts are that ERHE Canceled the Option Agreement in order to do what is in the Company's and Shareholder's long term best Interest.
Maybe, Total Fina Pays $300 million plus debt and a 10% free ride in the two Nigerian deepwater blocks and a 15% ride in Block 4 of the EEZ.
In Closing, please conduct your own research in case I am Mistaken.
Yesterday, the market saw a $1,200 purchase of ERHE or 6 million shares only to be taken down by an 112520 share sell or about $11.25 sale of ERHE shares
Sneak
If Kosmos had a case against ERHE, they would not be in the London Court of Arbitration FACT!
ERHE canceled and option agreement that would have allowed Kosmos to purchase 100% of block 4. ERHE then returned the Kosoms deposit.
Kosmos contends to the London Court of Arbitration that ERHE canceled the Opition agreement in order to seek a higher price for block 4.
ERHE is in Talks with Total Fina for entrance into block 4 or and outright purchase of the entire block.
Could ERHE be looking for a FREE CARRY in Block 4 from Total?
Only time will tell!
So, please conduct your own research in case I am Mistaken.
Sneak
It is disingenuous to say ERHE once sold for $90.00 when in fact it was selling for .005 in December of 2015 when the reverse split changed the price to .05 cents. That is a fact.
The drop from .90 (2009) to .005 (2015)was a direct result of two drilling campaigns that came up empty or non-Commercial find.
Claiming that ERHE once sold for .90 cents back in 2009 and as a result reverse split was an equivalent to $90.00 is a stretch.
Why you should use the $6.28 share price in 1996, so you could use a $628.00 a share starting point before the Fall.
Your statement about Kosmos having any LEGAL recourse over ERHE'S block 4 is all just your "Fake Theory-Fake New" Narrative.
You need to look into how Total got Shafted by Kosmos as they were sharing information about developing deepwater assets in the Region and Kosmos took that info and knowledge to BP and now Kosmos is working with BP in the Region.
Kosmos, What a Hypocrite!! What goes Around, comes Around!!
Please conduct your own research as I could be Mistaken.
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Total wants the block and Total will get it!!
The geological structure may look Fabulous, but this in and of itself is no guarantee that they hold the Ever Elusive Herd of Elephants.
As far as that past effort to list on the AIM in London. It was the talk of a buyout offer that scrubbed the listing by management long before any Listing concerns surfaced for that move.
I have been invested in ERHE for 20 years and know more about their past history than a relative new comer like some here.
This stock play is "ALL ABOUT THE MONEY" for SEO and his Nigerian Friends and rightfully so as it was SEO who rescued ERHE from Bankruptcy back in the day.
I was once told by an International Attorney that when it comes to money and power, the Political Power Broker in the Region Most Often Wins the Day!!
Please conduct your own research in cas I am Mistaken.
Sneak
Well, it would appear that only 759,000 shares remain to be Sold by ERHE for debt reduction before ERHE issues All of their 3 billion share that are Authorized for sale.
Just Food for Thought, so please conduct your research in case I am Mistaken.
Sneak-attack
It looks like Friday's 74 million plus share that traded were just a Short Covering.
Somebody is getting Nervous Shorting ERHE!!
I am just saying, so please conduct your own research in case I am Mistaken.
ERHE'S EEZ block 4 could contain more Hydrocarbons than ALL of her other Holdings Combined!!
I am just Saying, so please conduct your own research in case I am Mistaken, Yet again!
Some may not like the Fact that ERHE'S properties hold World Class Hydrocarbons, but I Dooooooooooooo!
I am just saying, Yet again, please conduct your own research in case I am Mistaken, Yet again for a Third Time. Is that possible?
Sneak-attack
You may have to wait until the start of the 2018 "Upstream West African Summit" on the 20th thru the 21st of June.
This is their 4th annual Summit. They only discuss "Deepwater Exploration Opportunities" in West African Offshore.
ERHE is mentioned to be involved in 6 of the 9 Deepwater Blocks in the JDZ!!
May be they talk about the SAO TOME EEZ Blocks as well!!
CA-CHING!!
Have a Great Day Old-Oil and thanks for the E-Mail. I got some info for you from Block 11A Kenya coming Your Way Tomorrow.
Sneak-attack
Oldoil, Hmmm, you may be onto something!
When one adds in the Pre-Salt formations in the R
EEZ and the very interesting geological Hydrocarbon Structures that may exist in the deeper parts of block 6 & 9 within JDZ.
Could be??
Some here will not be to happy, but us LONGS will be if all pans out!!
Please conduct your own research in case I am Mistaken.
Sneak-attack
First of all in order to file a case, You must show You have Standing and since you do not own shares, Your case will get dismissed.
Class action, ha, you will need more than a few disgruntled posters here to be granted Class Action Status.
You may need a Quorum and that my friend is more than 3. LOL
So Bring it On!! Muddy!!!
Just the way I See it so please conduct your own research in case I am mistaken.
Sneak-attack
Could Total be closing in on Deepwater Hydrocarbon Properties in Offshore Nigerian, JDZ and Sao Tome EEZ waters?
Please Conduct Your Own Research as I May Be Mistaken.
Have a Great Weekend!!!
Sneak-attack
Eland Oil selling for $1.10 pound or $1.46 U.S.
What could ERHE, Starcrest and Total Fina be working on?
Total Fina has some on going interest in Marginal Nigerian Hydrocarbon Properties.
ERHE has World Class deep water Hydrocarbon properties.
Starcrest has Two Deepwater Nigerian Hydrocarbon properties next to a World Class Hydrocarbon Property in full production.
Could a Mega Deal be in the Works?
Just the way I SEE it, so please conduct your own research as I could be Mistaken.
Sneak-attack