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Oldoil, I am completely amazed how some can claim to have asked Peter Ntephe about the possibility of Drilling a successful well at block 11A in Kenya as no one at that Annual Shareholders Meeting would have thought to ask a very important question like that and Peter's response was 19% and hence this should have made everybody pause and have great continuation about moving forward with this endeavour.
There is only one problem with that proclamation above by the self chosen one as The Last Annual Shareholders meeting was back in 2012 and Cespa did not sign a farm out agreement until 2013. So Cespa had not even pick the Well's location.
The time is coming for some to stop honoring themself.
Have a Nice Day
Sneak
All this talk about a drilling campaign that ends up with a Non-Commercial discovery or Trace Hydrocarbons is called a "Dry Hole".
As some here would proclaim that would signal that the "Whole Block is then No Good" is completely False and a Opinion based on a Negative Narrative.
The Apko oil field had four consecutive "Dry Holes" drilled in Block 246 before the Hydrocarbons were located in a block that contained 1000 square miles of exploration territory.
OML-130 was carved out of Block 246 and block 246 size was reduced by 50%. The Egina oil field was discovered by Total in OML-130 after a few "Exploration Wells" that help locate the Mother load of Condensate in this block.
Now everybody should be aware that the size of the JDZ blocks are almost 10 times the size of Nigerian block 246 prior to OML-130 being carved out of Block 246.
So, when comparing the drilling Campaign in the JDZ with its Behemoth size to the size of Nigerian block 246, a few "Exploration Wells" drilled with 2-D seismic imagery Hardly would Categorize the Entire JDZ as "Worthless".
Yet, the JDZ and All of ERHE'S assets are "Labeled Worthless" simply because these Assets are Owned by ERHE.
New and Current investors should not be deterred by some who proclaim "Gloom and Doom" about ERHE.
This stock is closely and tightly held by several long term investors. As SEO brings ERHE onto his own Turf working in Marginal Oil Fields with Proven Reserves. The future looks brighter now than anytime in its past.
Please conduct your own research in case I am Mistaken.
Sneak-attack
Well it looks like oil will be selling for $80.00 a barrel or higher while Trump is President.
The Price of Proven Hydrocarbon Reserves will be valued at $20.00 a barrel.
ERHE needs 300 million of Proven Hydrocarbon Reserves to achieve a $2.00 per share value for shareholders. SEO share of ERHE could be $2.6 billion.
Now one has to ask themself, with all those World Class Hydrocarbon Properties in ERHE'S control and additional Hydrocarbon Properties in Nigeria, how long will it take to discover 300 million barrels.
SEO is taking ERHE in another direction where ERHE does not rely on very large oil companies to find the oil for them.
SEO brings ERHE onto his Home Turf where his company gets a fair shake and working with Eland Oil, the Future is sure to be brighter than in years past.
Just the Way I See It, So please conduct your own research in case I am Mistaken.
Let's Go ERHE!!
Sneak-attack
I am sure there is more than a few oil companies that would jump at the chance to relieve ERHE of it Hydrocarbon Properties for 300k.
However, SEO and his Nigerian Friends would like a number much higher than 300k and so would us ERHE Long Shareholders.
ERHE will not be filing for Bankruptcy as SEO and his Nigerian Friends would lose Control of those Hydrocarbon Properties to the Court System and that is not a viable option.
I am looking for a business model much like the one that Addax operated under back in the day where Starcrest, Eland Oil and ERHE form a joint operating and revenue share model to exploit Marginal Hydrocarbon Properties with in Nigeria and other opportunities that may arise from a joint venture.
Just the way I See it, so please conduct your own research in case I am Mistaken.
It is good to see you are still interested in ERHE.
Have a Great Weekend John for you and your Family.
Sneak
My Hat is off to Krom and his Great Post.
I am declaring My Offical Position in the "Never Middy Crowd"
Have a Great Weekend!!
Sneak
Not at Present that I can see. The Nigerian Government has 55%, Eland Oil has 40%, Who has the other 5% is anyone's guess.
Eland needs $125 million to develop this block and because of All the expenditure related to OML-40 development, Eland is hard pressed to develop OML-17, despite pumping 20,000 a day from OML-40.
Could SEO find his way into this block with its cash Flow from OML-40? Maybeeeeeee!
Just the way I See it. I could be Mistaken, so please conduct you own research.
Sneak
Thanks Seek, It looks like our Sister Company Via "Elcrest" is on her way to the Promise Land!
In tow of Eland Oil is ERHE should SEO exchange a viable percentage of Starcrest's holdings in Block OML-40 for shares in ERHE.
ERHE should be valued at the same valuation as Eland Oil in relation to what percentage ERHE receives form Starcrest and how that percentage compares to Eland's percentage.
I however think ERHE may get a Higher valuation when you add in the Vast Hydrocarbon Properties that ERHE Controls with No Debt and with 3 billion barrels of estimated recoverable Hydrocarbons.
Block 11A could be the breakout Hydrocarbon Property that Launches ERHE onto the AIM MARKET with Eland Oil in charge of Drilling.
Just the way I See it with No Foreboding Post about Management and it's Shareholders, so please conduct your research in case I am Mistaken.
Sneak
Could Eland Oil, Starcrest and ERHE takeover Block 11A in CESPA'S Absence?
Just how I See it! So please conduct your own research in case I am Mistaken.
Sneak
Bloomberg is opening a first of it kind index fund that contains a basket of Crypto Currency
for thoughs that want to invest in Crypto Currency and lessen their Risk.
Bloomberg states that Crypto Currencies are a long way from replacing cash and may never achieve that type of acceptance in the public realm.
However, Crypto Currencies may have there value Anchored in Gold and other metals. Hydrocarbon Assets are also being looked at as a unit of Value as well.
Just Food for Thought!
Please conduct your own research in case I am Mistaken.
Was it Peter Ntephe that said sometime about Crypto Currencies and ERHE?
Sneak
Some on Wallstreet predicts $100.00 a barrel oil coming with in one years time.
Poven Hydrocarbon Reserves Valuation could be $25.00 a barrel.
Could the Value of Oil Companies with Proven Hydrocarbon Reserves Double if $100.00 a barrel is here to stay.
Looks like ERHE is Sitting in the "Cat Bird Seat" with a Deal with Starcrest.
Please conduct your own research in case I am Mistaken.
Just Food for Thought!
Sneak
As They Say in the South, ERHE is Fixin' to Takeoff!
Buy while you still can. Do not get Left Behind.
Please conduct your own research in case I Am Mistaken.
Sneak attack.
Oil $75.00 and climbing!
Could ERHE be gaining a back-door entry onto the AIM in London VIA Eland Oil!
Please conduct your own research in case I am mistaken.
Sneak-Attack
To you, it should not matter as you will not be on the Bus that Rides into the "Winner's Circle".
Just the way most shareholders SEE it.
When ERHC list on the AIMS, Well SEO will be the "Billionaire" you so love to Hate.
Sneak
People, get a paid subscription to one of the many Oil Industry Publications on Hydrocarbon Exploration and Development and you will clearly see the Truth in the information you seek in your investment in ERHE.
It is published that CESPA was only interested in Block 11A in Kenya, If and only If the Hydrocarbons in the first well tied back to the Second planned well to be Drilled at a later date.
CESPA did not find oil at the depth that they were looking for that could be tied to the second well site. You see the basin that they were drilling was a very large depression that had several geological structures that may contain oil.
The hydrocarbon shows were less than perceived, so there must be geological obstruction blocking any tie back connection.
The total estimated hydrocarbon carbon in multiple structures was 660 million barrels recoverable. The first well may have contained 60 million barrels, so after a 50% tax Cespa share of was only about 17 million barrels, hardly Commercial for a Company the size of CESPA.
If CESPA moved forward and was successful drilling the balance of the block with 600 million barrels recoverable, they had to give back 50% of the block leaving 300 million barrels to recover. After a 50% tax, Cespa was left with about 170 million barrels. Hardly the 500 to 600 million barrels they were looking for.
There is Absolutely No Guarantee that any Geological Hydrocarbons Structures could contain the Estimated Hydrocarbons Any Company is looking for.
Ray Leonard name comes to mind. As CEO of HDYN with a Long Stellar Career in the Oil Industry prior to becoming the CEO of HDYN. This Fact about his Astute Knowledge and Experience in the Oil Industry did not save Him, His board of directors, his shareholders and Wallstreet from the Shame and Embarrassment of drilling several Dry Wells.
Peter Ntephe on the other hand has Never Had the Authority to Select and Direct any well drilling Campaign.
That task was managed by, SNP and CESPA.
These companies are not without fault and because of their size were looking for the MOTHER LOAD when conducting their Exploration Activities for ERHE.
In Closing, Enlighten yourself when it comes to your investment decisions and please conduct your research beyond an Opinion Board of fellow investors who seek to sow the seeds of their own personal opinions.
Please conduct your own research in case I am mistaken.
Sneak-Attack
A Paid Subscription to a few of the many Oil Industry Publications detailing the past, current and possible future on going work in the Oil Patch may help enlighten investors about What has taken place, What is currently taken place and What future Opportunities that may take place in the days ahead.
This type of information is alot more informative and comforting in understanding the current events about the possibilities of your investment in ERHE as compared to reading Opinions from fellow posters here about what they deem to be the past, current and future facts concerning your investment in ERHE.
In thinking Out loud, I wonder if ERHE will ever file with the SEC again as they may just jump to the AIM Market in London. So please conduct your own research in case I am Mistaken.
Have a Great Weekend!
Sneak-Attack
Kenya, block 11A, Cespa drilled to see if this Exploration well could be connected back to the larger 4-way rollover structure near the Center of Block 11A as this well was located far removed or at the outter reaches of an expected Hydrocarbon Field.
Cespa was looking to see if the Oil in this drilling campaign would have hydrocarbon shows between 2442 meters and 3000 meters with the hope that the Hydrocarbon shows were closer to the 2442 meters than the deeper 3000 meter basement.
This well's hydrocarbon shows proved to be closer to the deeper part of the well as there are structural obstructions that prevented this well's connection back to the second well site.
Cespa was looking for an oil field on par with the larger hydrocarbon finds in Southern Sudan and Uganda.
This Exploration well was not related to the bigger structure in block 11A, so Cespa withdrew from the block.
However, the bigger hydrocarbon structure in block 11A could prove very Profitable for a compnay like Eland Oil.
Just they way I See it, so please conduct your own research in case I am Mistaken.
Have a Great Weekend.
P.S.
I wonder if Peter Ntephe may have talked to some individuals or let the "Cat Out Of The Bag" about the up coming Marginal Hydrocarbon Opportunities Conference in London.
Only time will tell.
Sneak-Attack
Thanks King, I am All Smiles ??!!!!
Peter is right about how hard it is to Raise Capital when you are an American Company with an African Face!!
The London Markets should be more favorable as the British have a Higher Tolerance for Capital Risk.
An British Face on an American Company should play out a little better for ERHE.
Eland would fit well with ERHE Kenya block. The 4-way roller with over 100 million plus for say $10 million is such a Bargin when one considers the other targets in block 11A.
With Total looking at the Deepwater Properties, Well the future could be very interesting Indeed.
Let see what the London Conference holds for the ERHE shareholders.
In Closing, I can only think of that Rock and Roll song "Jim Dandy to the Rescue"! Only my version goes like this:
Peter Ntephe to the Rescue, Peter Ntephe to the Rescue, Go Peter Ntephe Go!!
Looking forward to the London Conference in August 2018.
40 million shares bought on the Ask, Well that is a Statement in and of itself!
Have a Great Day!
Thanks Again King!!
Sneak
I have been a shareholder for almost 20 years.
ERHE had 742 million shares outstanding when the share price was .90 A share.
ERHE issued 2.258 billion shares to have 3 billion shares outstanding
After a 100 to 1 shareholder approved reverse split, 30 million shares were outstanding, then they sold 2.83 billion shares for a total outstanding share count of 2.860 billion today.
So, the total shares sold off in the Market place by Mr. Ntephe is 5.118 billion shares and not 300 billion shares and that's a FACT!
But you already Knew this. Your intense anger at ERHE management and it's continue support from longstanding shareholders is just "Places a Spur in your Saddle".
Just the Real Fact and not the Fake News!
Sneak
Well, the Truth Shall Set You Free.
Fact, ERHE WAS NEVER $90.00 A share even with a reverse spilt adjustment!
ERHE was about .12 A share with 30 million shares after the 100 to one reverse split took effect, so one might say ERHE was $12.00 as share split adjusted.
ERHE then issued 2.85 billion shares which lead to ERHE'S current .0002 a share.
Sneak
The Big "E" and Starcrest Divvy Up ERHE prior to AIM Listing or Soon After the Listing.
ERHE to showcase their Hydrocarbon Properties which will include OML-40.
Partnering with Total, Eland Oil, Starcrest and Kosmos should produce outstanding shareholder value.
The Big "E" is not Exxon, but Eland Oil.
Just My Humble Opinion, so please conduct your own research in case I am Mistaken.
Sneak
One Man's Trash could be Another Man's Treasure!!
Those wells drilled in the JDZ that were Deemed "Dry Holes" only eliminates those Geological Hydrocarbon Bearing Structures from the Balance of those Geological Hydrocarbon Bearing Structures Yet to be Drilled in the JDZ!
The same is apparent in Block 11A in Kenya.
The EEZ block 4 is Very Valuable Indeed and the Jury is still out on that Case.
The (2) Deepwater blocks in Nigerian Waters are also Very Valuable as well.
But the most Valuable of All of ERHE assets in their apparent Partnership with Starcrest in OML-40 where ERHE can share in the Proven Reserves estimated to contain up to 500 mbps of oil and a very Lucrative Revenue Steam of $1.3 billion a year before taxes and distribution to the Partners in the block who include the Nigerian Government at 55%, Starcrest at 25% and Eland Oil at 20% after taxes.
If ERHE could secure 20 basis point of Starcrest 25 basis point in exchange for 50% of ERHE stock and about $136 million a year in Hydrocarbon Revenue for that 20 basis point, plus two deepwater Nigerian blocks, JDZ blocks, EEZ blocks and Kenya's block 11A, Well ERHE could be worth North of 7 pounds a share after a 10 to 1 reverse split on the AIM London Market with a $2.1 billion dollar market cap.
Just the way "I" See it, so Please conduct your own research as I could be wrong!
For all those who do not see it this way, Well Hammer Away!!!
Sneak
Could an AIMS listing be in the Works for ERHE showcasing Proven Hydrocarbon Resources and Revenues from OML-40?
With a British Company building the Kenyan pipeline and ERHE getting a AIM'S listing, Raising the needed Capital to drill the 4-way rollover in Block 11A and Development of this block with Eland Oil should prove Very Profitable for All Parties of Concern.
One should never forget that Kenya was a former British Colony, So working with the British is in Kenya's Best Interest.
Just the way I See it, so please conduct your own research in case I am mistaken.
Sneak
Peter Ntephe is one of eight speakers who are listed to speak at the Sub-Saharan Africa Oil and Gas Conference in Houston Texas tomorrow on the 26 - 27 of April 2018.
Let's see if he shows up.
Hint, sometimes a Google search does not find everything one is looking for, Try bing.com
Just Food for Thought.
Sneak
Bankruptcy only exist in "Your Own Mind's Eye"!
Only you and your followers could possibly believe something other than the Printed and Stated Facts!
ERHE has not stated or filed in Print that they have filed Bankruptcy, but you believe otherwise.
ERHE stated and in Print that they are working with SEO'S Starcrest for a partnership in OML-40, but you claim it is not so.
Exxon was interested in JDZ block 2, only if they could be the operator of the block and decided to give up when that option was not available from the current players in the block. Stated and in Print, but you claim that did not happen.
The list goes on and on and on. So anyone can see that if the Narrative or Facts do not fit your vision of Total and Complete Destruction of ERHE, it's management team and shareholders market value, then it can not possibly be right.
On another note, I see that Poor Old Hapless Ray Leonard was a guest speaker at the Houston Conference. What Possibly could he say that would contribute to the Well being of the Oil Exploration Business, other than, Diversify, Diversify and Diversify to Spread the risk, less your company ends up on the scrap heap of Failure!!
I bet you that Ray seeks out Peter and ask "How have you managed to Keep ERHE In Play"?
Pete will School Mr. Ray!!
Just how I and maybe other shareholders eye it.
Have a wonderful Day!
Sneaky
There is NO BANKRUPTCY IN PLAY!!! all that talk is just wishful thinking on the part of those who Hate Mr. Ntephe, SEO, ERHE Shareholders and members of the Nigerian Government who own shares via the Chrome Group of Companies.
Before some get off on a B.S. Rant about Chrome, the Chrome Group of Companies are doing just fine. It was Chrome Oil Services that ran into financial trouble.
ERHE may owe the IRS and most likely the IRS is waiting on payment as ERHE has No U.S assets to foreclose on.
ERHE Kenya owes $10 million and thus they are stuck as well.
ERHE JDZ has No Debt.
ERHE EEZ has an annoying legal issue with Kosmos concerning block 4.
ERHE has a deal with SEO for Valuable Consideration in OML-40. I would say, Asset -Stock Swap for hydrocarbon revenues and hydrocarbon assets.
The Nigerian Governmental Power Brokers will Not Standby and Watch these Hydrocarbons Assets Stolen by a Bankruptcy Court where they have no control of the Outcome.
ERHE, Operating in the Marginal Nigerian Oil Patch, ERHE will Thrive and Prosper with an AIM listing, Hydrocarbon Assets and a Revenue Source.
Just how I See it, so please conduct your own research as I may be Mistaken.
Lets GO Peter Ntephe Lets Go!!
Sneak.
Oldoil, the July Conference in Houston on the 18th with Peter speaking is still on.
On November 10 & 11 2018, Peter is a scheduled speaker in London. The subject matter that he will be talking about is The Marginal Oil Field Development Opportunities in Africa.
Hmmm, I wonder if OML-40 will be a Topic of Discussion.
GO ERHE!
Sneak
Absolutely Spot On!!
And The Truth Shall Set You Free!!!
Thanks Krom
Looking forward to seeing what the 3D seismic of Block 4 in the JDZ looks like.
Oil could be $75.00 a barrel by JULY 2018.
Have a Great Day!!
Sneak
The Lower Geological Structures in block 2 and 5 may be "Tributaries" to the Ever Elusive "River of Oil" thought to run through the JDZ.
The Back of Block 2 joints block 5 and the Oil is thought to be located Down slope of earlier drilling in block 2.
Cespa's Exit from block 11A, may clear the way for Eland Oil. Sorry, just thinking a loud again!
Have a Wonderful Day!
Sneak
3D was shot across JDZ Blocks 2 & 5 last summer.
While the blocks are believed to primarily hold gas in the upper geological structures, the lower geological structures are believed to hold oil.
May be, the previous dry wells were drilled short or to shallow to locate the Oil!
Have a Wonderful Day!!
Sneak
JDZ blocks 2 & 5 could contain 4.5 trillion feet of gas or 225 million barrels of oil equivalent in each block plus Block 5 looks to contain oil as well.
Have a wonderful evening.
Sneak
And YES!! The Detractors are Speechless!!
Thanks Nordi and Krom!!!
I think they may know "Get the Picture"!!
After Nordi' s post and Krom's previous post about "Vaporization" of Toxic Debt. ERHE, under SEO arm, developing marginal Hydrocarbon properties in the Nigerian Oil Patch should be Very Rewarding Indeed!!
ERHE maybe "Untouchable" by the friends of "Big Oil" and "Overbearing Global International Types"!!
Have a Great Evening!
Sneak
Nice find. On another note, Total was working with Kosmos very closely as a Team going over technical data and joint developmental scenarios involving several Deepwater leases in West Agrica.
Kosmos became Totals "Benedict Arnold" using Total's shared Strategy for Deepwater development to sign up BP and kick Total Fina to the Curb.
Kosmos has the "Balls" to ask the London Court to award Kosmos $500 million in damage on ERHE if they lose the lawsuit over Block 4 of the EEZ! What a Crock of Crap that would be. Kosmos, hypocrite to the End!
Total should be talking to ERHE about Nigerian blocks 242 and 291 and EEZ block 4. Who knows, maybe they are also looking at the JDZ.
Just my opinion, so please conduct your own research in case I am mistaken.
I say Total Fina pulls the rug out from under Kosmos in the EEZ. Just my Opinion yet again.
Sneak
Elcrest has lifted 1.4 million barrels of oil from OML-40 Testing the existing and new wells that are about to come online soon.
Elcrest $67.00 a barrel for that oil. Another 100K will be added to the Total oil lifted from OML-40 within a few weeks reports Eland Oil.
Indeed, Poor Old Ray wish he had a Friend like SEO, Smiling Pete and ERHE shareholders have.
12-27-2017 is the date that Poor Old Ray surrendered to ERHE'S business model by filing for Chapter 7 Bankruptcy.
ERHE is Sitting in the Cat Bird Seat with their agreement to work with Sir King "SEO"!
ERHE working in Nigerian Territory will be "Untouchable" to ALL THOSE WHO PONTIFICATE HER DEMISE!!
GO ERHE!!
Remember to conduct your own research in case I am Mistaken, but I do not Think Soooooo!
Middy is so, so, so misguided. His intense anger against a Profitable and Successful ERHE has blinded his judgment and his Lamenting about ERHE is almost Legendary.
May the Joy of the Lord bless each and everyone of my fellow posters.
Sneak
Well, for All those who claim SEO is Broke are feeding you a line of B.S.
Eland Oil states that their partnership with SEO'S Starcrest called Elcrest has taken in over $43 million in Hydrocarbons Revenues from OML-40 with Starcrest share of that revenue at $23.6 million.
This revenue is from just running test on the wells in the block. With production getting ready for full production of 30,000 barrels a day by late summer of 2018, Eland expects to increase that daily output to 50,000 barrels a day by the spring of 2019.
ERHE is poised to benefit from its alliance with SEO and his partner, Eland Oil.
By partnering with SEO and Eland in developing several Marginal Hydrocarbon Oil Gields within Nigeria, ERHE would be gaining access to very Profitable Hydrocarbon Properties without the risk of being Undermine by the Bigger Brothers in the Hydrocarbon World who "Drill Short and Off Target" in an effort to saddle ERHE with millions in debt and Trying to run out the clock on them as they have very little revenue left to invest.
Just my opinion, so please conduct your own research as I could be Mistaken.
Have a Wonderful Day.
Sneak
King, I should have been more specific with my thoughts.
I was trying to say that Starcrest could give ERHE $250k, like Chrome Oil Services did in exchange for 1.25 billion shares or buy theses shares in the open market or swap a percentage of its hydrocarbon properties with some type of limited cash flow for a percentage of ERHE.
It is no secret that ERHE lacks the financial capacity to drill and or develope offshore and onshore hydrocarbon properties.
ERHE shareholders would be best served if ERHE would sell off all or a large sizable share of their offshore properties and retain a small Free Carry position or allowed to buy back a small position into these blocks should they be profitable.
ERHE could use the revenues from the sale of these offshore properties to enter into Proven Marginal Hydrocarbon Properties in Nigeria with Eland and Starcrest and with increasing hydrocarbon revenues and hydrocarbon assets, ERHE could thus gain a listing on an Alternate Exchange and away from the OTC market place.
Just my Opinion.
Sneak
I would say that a few posters here collectively hold maybe 800 million plus shares.
I for one will place my chips and vote with SEO.
I can not speak for the others, so buy while you can.
Just my Opinion, please conduct your own research.
Sneak
Chrome gave ERHE $250K in exchange for convertible shares.
$250K / .0002 shares = 1,250,000,000 shares or 43.40% of the 2.88 billion shares outstanding.
He has the same amount or percentage.
ERHE stated that they have changed the Company's Business Model from an Exploration Based Company to Enterance into Existing Hydrocarbon Properties.
This should include divesting their Deepwater Properties or retaining a small Free Carry or an out-right sale.
Just the way (I) See it, so please conduct your own research, I case I am Mistaken.
Sneak attack
Back in the Day, One person among others here wanted ERHE to Merge with HDYN, Well Thank God, Peter are CEO, Rejected this Idea Outright and would not stand for this type of dialogue with this Poor Misguided Individual.
Flash forward to today, Ray Leonard, the High Flying Wallstreet Type CEO has run his company into the ground. After his stupendous leadership, his company drilled two "Dry Wells".
Imagine that, ERHE had SNP and Cespa drill 5 wells that were considered "Dry Wells or non commercial wells and ERHE is still in Play.
It just goes to show the masses that weather you hire the Big Named Wallstreet Type and shoot expensive 3D imaging to locate the best prospects for drilling, there is Absolutely NO Guarantee that these Large Geological Hydrocarbon Structures that they Pin Point will contain the ever Elusive Hydrocarbon these Companies desire.
So Ray should have Farmed Down the target(s) that He wanted to drill thus reducing the risk of carrying such a large share of the drilling cost, which has proven to be more than his company could withstand.
That is what little old Pete did, that is why ERHE is still in the GAME!!
Please have a Wonderful Easter Weekend with your Family and Friends.
Sneak
Some here have pounded the pavement about the invaluable importance of SEC filings, Experienced Corporate Wallstreet Type Management Teams and Yet, their Darling of the West African Oil Patch is Hyperdynamics and tjey are Finished!! Gone!! Kaput!! As the Germans would say.
Hyperdynamics is in bankruptcy and can only gather 500k for their remaining assets.
At one time ERHE Shareholders were all badgered into believing that the only way ERHE had a chance was to Fire the current management team and hire the Wallstreet Type.
Well, as one can easily see, Top Rated Wallstreet Type can experience the same Hydrocarbon Drilling Failures like most in the Oil Patch.
ERHE is still alive, Eland and Starcrest are doing very well in OML40 and ERHE should be joining that Team Soon!
In Closing, I would like to say, May you Rest In Peace Hyperdynamics!
Let's Go ERHE!!
Still in play:
The JDZ
The EEZ
The Kenyan block 11A
The (2) Deepwater blocks in Nigeria
The long awaited entrance into OML40
Just how I See it!! So please conduct your own research as I maybe Mistaken
Sneak
Total looking at two deepwater Nigerian Hydrocarbon blocks.
Hmmmm, Just Food For Thought!!
Please conduct your own research as I maybe Mistaken.
Have a wonderful Day!!
Sneak