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"However, the Joint Development Council has settled the matter and rescheduled the signing of the PSC within the next two weeks"
GOOD LUCK
for those of us not members of EF, we cant see the message... please post the text... TIA
joe shea has an order in to sell all his shares(see his blog)... wouldnt it be beautiful for th MMs to take it down to fill his order and then watch it bounce? i think we have all at one point seen the mm's do this.
where are the JCG statements? i find them nowhere in the reuters article? point me in the direction as i will totally respect whatever you post. while youre at it, how do you know so much... if youre not long or short ERHE or have no relations to the oil co's, joint development etc;s you have no legal liability to state your connections... there should be no reason for beating around the bush. are you a bellboy or a hartman?
lets face it and look at the reality...
1)no one said there was any corruption involved
2)nigeria is clearly pissed....i mean the freakin future head of opec said this is an embarrasment
3)not signing and major delays will cause major, MAJOR litigation for potentially years..... afterall our rights were held up in the world court which leads to #4
4)leaking of oil in block 1/2. aka, that oil goes undisturbed if #3 happens above....hmmm, suck up that meager amount now or let those billions of dollars lie in the ocean? though at this point, these stp'ers dont have much of a clue about the old saying, "a dollar today is worth more than a dollar tomorrow"
now would be an ideal mutwadadi moment... and i feel sfreed (who is another cryptic, yet accurate "weatherman") is right, meridian is definitely of the Hartman camp.
-just rambling as i try to take my mind off all this bs... i still find the hartman/soros/earth institute and xom/apc relationship to be strange bedfellows. you have the far left activist liberals teaming up with the evil oil empire of the far right? just doesnt add up. i guess the common denominator is $$$.
first of all, a hostile takeover usually refers to a company buying another company and then selling off its assets. secondly this type of "hostile" takeover you refer to would be near impossible with chrome owning 42% of the shares. that other 8% probably is on this board alone (sorta kidding, but wouldnt be surprised). but your cvx theory of wanting to get in our blocks in a "hostile" manner could be pretty correct. found this post interesting on RB:
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By: lsm39_2000
24 Feb 2006, 06:13 PM EST
Msg. 84091 of 84102
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Yemen -
I see the fine hand of CVX in all of this.
I vaguely recall a simplified structure map from a couple of years ago that had a northerly bounding E-W fault with contours on the south side that indicated one closure against the fault that encompassed all of blocks 1,2,3,4.
If this is the case, Chevron mis-interpreted a flat spot as the O/W contact and they are either in a high liquid gas cap, or are in a statutory gas zone, and the oil leg is in all three of the other blocks.If this is your recollection, this structure would be Gawar sized (if not Gawar shaped).
Besides the fact that, if this is the case, CVX should fire all involved for stupidity, if not incompetence, they would have proven up a field that would double their (Corporate)reserve base all around them (but not belonging TO them).
Is this the map that you are talking about in this morning's post or am I hallucinating?
At any rate, if this is so, Chevron would be willing to do anything to get back into the field.
Help an old man's memory -TIA and
Cheers,
Larry
the new note from mutwadadi is definitely good. this guy has been eerily accurate and always 10 steps ahead of most. his ability to "predict the future" has been spot on. none of us wanted to believe when he warned about partners pulling out etc etc, but turned out the be accurate. this is just more substantiation to the rumors. GLTA
dynamics have changed:
i think many of us (except for the very, very L-T'ers) were willing to sell if erhe hit the low dollars. i know i was... i was so sick of all the bs and politics that a few months ago, i would have glady cashed out at a buck. now, all has changed. if the block 1/2 rumor is true, $1 is disgusting, $2 is gross, 3,4,5 etc are still undervalued. suddenly the speculation and some (not all) risk will be gone. lets hope these rumors are substantiated. i find it hard not to believe, afterall why would super-major CVX want to hold a meeting with a tiny tiny startup?
BEANS... unfortunate, but thanks!
thanks for the reply king ... but i now work for a hedge fund with very strict rules for personal trading (ie no equities - can only unwind positions when i want). therefore, i am maxed out on my purchases for erhe and want to gain as many tax advantages in the future as possible.
QUESTION:
I have a taxable account and a roth. I have yet to contribute my 4K into my roth for 2006. Can I transfer shares, in that amount, from my taxable account to my roth - aka 4K worth of ERHE since i have accumulated a good amount in my taxable acount because of maxing out my roth. thanks in advance
night - it will be considered income. when a company announces great earnings, what happens? the sp flies. this would be the case here - erhe actually posting +EPS.
"Refineries of Sinopec and PetroChina, China's two major oil producers, have pulled out all stops. However, China still needs a refining capacity of 17 million tons to meet the demand, the report said."
Granted this is dealing with production, but it just goes to show how hungry the chinese are. this can only bode well for approval from beijing and for the benefit of ERHE..... Sinopec...have pulled out all stops, however....
PSC is not signed ... probably cant disclose till thats official
Cash2 ... if this is the case and looks like it may, just imagine what will happen if/when Sinopec is officially confirmed?!
how many have contacted erhc about these matters? i have and i think many should
balance.... i think another good one would be the addax deal and the 18 million. imagine what that will do when that shows up on yahoo/dj etc etc etc - a company with no income/revs suddenly getting a nice 18 million payment. i cant even imagine what the SNP pr would say??!
SH - i agree with you that they dont do a good job of updating us. but first, in no way does it say the CEO said anything. next, has this actually been published yet or was it just what she wrote to mark? and finally, the facts dont seem to be completely straight in this story so how do we know it was ERHC itself and not some JDA source like the one in the reuters?
SH - where did it ever say that the CEO spoke to Platts??
FYI - this story falls on yahoo news for Sinopec (SNP) as well...
"The ruler are-tomense referred even if in the meeting will be debated the second auction of five blocks of oil of this zone in the sense of conclude the celebration of the output share agreement with the companies concessionaires."
anyone? thoughts? ... i dont think weve seen this one yet