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Iceking: Would that be 16 million acres for Fish farming for West African Mullets?
Appreciate your campaign on behalf of your investment in HDY.
What facts exist to back up your view here? Seems like they are 3 years bhind ERHE
Miami drift: Continuing your metaphor, no end of analysis and conjecture and poster sparring will get the Robert E. Lee any faster round the bend.
The game has not really changed from Kipling's day.
Stay the Course, of course
Miamiddrift: Also inspired by Kiping's "IF", heard these words from my father 50 years ago and likewise feel they are pertinent to what we do here.
The people on this board, e.g. your story, are the most intriguing part of it.
Stay the Course, of course
SK: Accompanied by Meridian on his Stradivarius and Oilphant on Bassoon . . .
DQ: Hope JS does not look at that image of yours of Spdindletop because then the story will be that it looks like that on STP, if his latest story is any guide - about an STP farmer digging up an oilfield with his spade.
Stay the Course, if you can stand the misinformation
Kobiashi: There's a serious difference in the water depths for ERHE production is much much more than existing Addax production. And in current market getting equipment for drilling in 6-7,000 ft. water depth wells - and then production takes additional time. Not talking a 1-2 well EPS but full field large scale. Chevron gets after it aggressively even tho they have many other projects because they have lots of people to do so and the money, and contract it out too. So any expectation of first oil for ERHE before 2010-2011 is quite unrealistic, IMHO.
But I can hardly imagine SEO and ERHE sitting on their hands and not promoting the heck out of opportunties they will develop between now and first oil. So for different reasons believe we longs can still expect good growth.
And now back to the day job for a bit more. It has to do with ultra deep water floating production, so felt I had to jump in here, Kobi, and must say have appreciated your thoughts posted in the few months reading here.
Stay the Course
Dane, Texas Speculator: Just dawned on me, CVX drilled OBO(e), and found it was bigger than the OBOe expected and a deeper (note), hence a BASSOON.
Nothing to do with shape, all per the arcane mind of Oilphant!!!
Just one of the entertaining tunes get played on this board. Brings to mind the nameless poster with the common longitude, JDZ and London, plays it all like a violin (Stradivarius).
Some other poster said Mensa puzzles and games . . .
Stay the Course, if you can tolerate the music
LittleBitmoore1: Thanks, I have forwarded your message liberally. Thought it was more significant and entertaining than many of the mentally exhausting messages on this board in last few days on share value calculations and reserves.
The underlying uncertainties and data are still pretty open, and calculations often based on unrealistic data without an overall view. I don't have the energy to try to educate and correct, and seems there are others here who could better, and feel it will all come out in due course. But good exercise for the MBAs.
ERHE still a decent speculation
Stay the Course, of course.
Shall I bring a rope?
Fishdog, Meridian and Crazy: Am sure there are other Houstonians that would really welcome a chance to visit with the authors of all this entertainment! These are all good choices of venues too. But I draw the line at vodka and diet coke.
It's all a fiddle . . . and a triple pun
Withuall: Your sentiments are these of of many of us here, and yet like any democracy, we do have our less desirable elements.
So hope you will can stick with your honest professional comments as we all benefit from the building collective wisdom and so would hope you feel you can stay the course.
I also learn a lot from this board, try to contribute.
Wood McKenzie do indeed provide a useful service but they rely on what they are told and I have found that what you see in an oil company data room can be way different reserves from Wood McKenzie reports, so not very significant here, IMHO.
STC
All these stock picking dogs: "Kennel club" when they are successful, "dog house" when they go down?
Fishdog, Oilman: Nexen announced 200-500 million bbl reserves from basis of one well at Knottyhead in Gulf of Mexico today, with partners Chevron and Anadarkao (ERHE partners too) plus BHP. So depending how you view the potential there, could say it is "up to 500mmbbl", and I think that is what Oilman sees JDA saying.
Nevertheless current industry outlook indicates 4-5 years (even more) from discovery to first oil in the likes of a OBO-1 water depths, so ERHE becomes a play on potentials that become more real and less risky as production approaches, all positive, but sure may take some time.
Which is why it can be a stock for staying the course, no telling what fluctuations can go on this year. All IMHO as they say!
SS: Doubt 2 years, more like 5 years now until first oil by the time field is delineated, de nough known to allow production facility to be designed, built and installed in ulra deep like this.
Stay the Course, of course
Dane: Confess I am crassly ignorant of Kathy Bates and how she well she fits the role of Earth Institute goddess.
Idea of Sharon Stone was reported as a touch of irony, maybe reveals fantasies of ERHE old timers.
Hdot: Re oil rpcies in future, anyone read Matt Simmons' "Twilight in the Desert"?
Matt has a 23Aug05 bet with John Tierney of NY Times that oil will hit $200/bbl in the next 5 years.
$10,000.00 been put escrow for winner.
Matt's real message is that we need to change our oil consuming ways so it does not get that extreme. He founded a leading respected petroleum industry investment house in Houston.
Stay the Course, of course
MrTr: We need the wisdom of this board to answer your weighty questions.
Heck, draws away energy from all this RS nonsense, and supports that shooting cat in decimating all these impatient souls that expect $1.00/sh and riches before each day's bell.
Y'all lighten up.
Dane: ERHC The MovieMmmm . . . You've written what must be the opening scene . . .
Talk from the founders in Houston is of Sharon Stone emerging there.
Playing the Earth Institute goddess?
This in addition to Danny de Vito as Sam Bass and Peter Okundaye as Dr Edmund Daukouru.
St. Patrick's Day, ERHE and WAWA: Murphy as in "Murphy's Law" is generally taken to be Irishman. But anthropologists tell us the human race originated in Africa. And that is true about Murphy's Law, it was invented in West Africa.
Nowhere else could things get so screwed up beyond belief and take longer and cost more than ever imagined. That is why in years past frustrated expatriates there coined the expression WAWA, or "West Africa Wins Again".
Despite all that, ERHE has managed to make it all work and extremely well, pulling off something that leaves many experienced oilfield hands worldwide shaking their heads in amazement. So ERHE could have the last laugh and rename WAWA Oil Inc. West Africa really did get it right, win this time!
And the rest of the world could think it was just a quaint African word.
One might even put the word around that it is an ancient Ibo expression for "Curse the sprits of the US majors". No telling what legend might be established as WAWA Oil Inc. takes off.
Cannot offer an estimate on gas value to the JDZ and ERHE, but all these LNG projects upcoming in Ngeria mean that piping it to one of them puts a value on the gas where it had very little just a few years ago, was truly stranded, so maybe $2.00/mcf versus nothing or 0.25 or 0.50 in 2001.
That's a pretty big fundamental change and favors ERHE when in the early days it was probably never dreamed of.
Stay the Course, of course
HDY spammer never gives any substance, DD that can be checked out, so it stay irritating hype.
Same could happen with an ERHE message as mooted.
Darn right, you must be in the business.
Directions taken by founders years ago in their campaign are working fantastically.
Handle is carefully chosen for this board:
Stay the Course (of course!)
ERHE invest now in onshore properties where can risk production revenues getting caught up in the militants actions?
Versus interests in more secure offshore remote lease as we have now, but which takes longer and more money.
Will be interesting what ERHE management chooses.
Stay the Course, of course
Answers needed in the regular DD postings!!!
CLARIFIES BEAUTIFULLY!
With respect, Strass, a prepared honest story of the unique ERHE story can help on CNBC, and anywhere else serious, coming from a serious ERHE representative.
Any story eventually helps, e.g. in the PR business the common saying is "I don't care what they say as long as they spell my name right".
We can not expect to convince a majority to get behind us at the start. But a first is making a start . . . a campaign would help. Would guess CEO and EO will in time get around to that as priority been getting these PSCs done first.
Stay the Course, of course
Oilman57: Absolutely support your comment, this is the oilpatch and it is Africa and it is the ultra deep. Not a Barnett Shale play !
We're getting there fast now in the overall scheme of things.
Stay the Course, of course
Meridian: Here in Houston the latest talk is that Danny de Vito should be invited to play Sam Bass, the first chairman of ERHC
How does that strike you as a shareholder - and the other actors on this board?
Stay the Course, of course
Full text already posted, no need for me to repeat . . .
Have also noticed recent references to HDY and admit to being intrigued on how HDY and ERHE might compare and contrast as the story looks roughly similar. Noticed Meridian did not respond to your questions on that a couple of days ago.
Seems to me that HDY is not at the Expression of Interest stage, nor is a bidding round set up, and awards and then PSCs and discoveries are all further off still. So seems they are roughly two years behind ERHE.
Comparing and contrasting . . . HDY is hemorraging cash to support 32 employees v 3 in ERHE that has funds in sight in month or so. Govt stumbles around on approvals for HDY, and HDY website not illuminating.
Have not seen how does prospectivity of HDY acreage compares.
So what is the real attraction of HDY?
Have I got it all wrong? Any HDY DD you can point me and others to clarify?
TIA
Now there's a hell of a choice, these nectars or ERHE shares!!!
Dune: Thanks, saw it, surprised JS was at same game back then.
Chose to ignore, many much better debates and insights and new ideas on this board.
Board becoming a community like Berkshire Hathaway but a lot different and more exciting.
Stay the Course of course
Thanks Dane. You did us all a service with that link setting forth the history of ERHC.
Hope a few of the soon incoming dollars at ERHE go the getting that story out, sparking a respect in teh world for the minnow that changes STP.
Stay the Course of course
Given the very illuminating flashbacks from these 3 links on ERHC history I find it strange to see all these postings in last day or two re considering moving to AIM in London and risking diminishing the strong US connection and all it has strengthened the interests of ERHC stockholders these last 3 years. I read that it helped prevent losing it all.
Stay the Course of course
Balance Builder: Some terrific messages can be made in such a Prize movie.
Do understand Meridian's view that ERHC keep control and earn the financial return from "EHRC the Movie" but the exposure if done really well might ultimately benefit shareholders and ERHC much more. And STP.
Stay the Course of course.
To earn these rights, desirable for company to openly cooperate, and "first oil" on a movie maybe a year or more, but awareness of that going on could do wonders and seems PR not an ERHC priority yet, suppose other things demanding attention.
You might then have to reveal yourself on CNN or CNBC!!!
You are right, the saga is intriguing.
Sometimes on this board sounds like another "Dallas".
But Houston talk is on a serious book and movie per my post Friday morning:
. . . has all the ingredients: persistence overcoming all obstacles from 1997 to now, dealing with coups and controversy, UN intervention, prospect of huge riches, radical changes for the "islands that time forgot", potential for great good, human stories, how the various players respond, exotic(?) locations. Imagine how that could really do some good for ERHE sp and for STP! I can report a conversation yesterday on ongoing talks between a world renowned author and commentator and the original architects of ERHE, concerning both a book and a movie deal.
Believe Houston resident Peter Okundaye is down to play Edmund Daukuru in this epic