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ERHE down 22% on a 900 share volume.
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~~~~~~~~~~~~~_____
Believe it. ;)
Also, if block 4 and block 6 are sharing the same discovery, who gets what?
A joint pool.
I’d hate to see block 6 sucking away our
Profits before someone drills block 4 :)
Thanks Ferrell.
Thanks
Good to know
Great article NDT.
The best is yet to come.
Right out of our playbook.
We’ll said.
The split:
45-35-15……(P&A)
A mere 5% of 1.4 trillion is 70 Billion.
ERHE worth 5% ?????
The assumption that Impact Oil made their best deal at .20 % can be arguable.
To put it in perspective, say block 4 has 13 billion barrels at $109. Per barrel.
At 1.4 trillion, 2-5 billion to owners of block
Could be argued as a “ham sandwich “ or
Peanuts.
Memories of Kenya and that drill, CESPA
And ERHE had a 65/35 split. Did they know in advance that it was a dry hole? Did they think it might contain in excess of 650 million barrels? Could that hole have had
13 billion barrels? Who knows.
So 5 billion $ could be reasonable Maybe a nice dividend and take a percentage of what’s there?
At 5 billion $’s, we have maybe 1 “Billionaire “….. at 50 Billion $’s, we have many more Billionaires and Millionaires.
At 1.4 trillion $$$, maybe Total can be convinced to have a more equitable split?
Anyone agree????
Those coordinates could be analyzed and compared to see movement of drill ship. Probably within 50-100 feet on map. Let’s hope they didn’t “sweep” into our block.
We’ll charge ‘em. :)
Read my last post or Google PRUDHOE Bay exploration. Common knowledge. I was with Mobil oil at the time. Almost as exciting as Block 4 my friend. You agree?
Here’s a little info you’ll enjoy:
Of the 25 billion barrels of original oil in place, more than 13 billion barrels can be recovered with current technology. Prudhoe Bay field was discovered on March 12, 1968, by ARCO and Exxon with the drilling of the Prudhoe Bay State #1 well. A confirmation well was drilled by BP Exploration in 1969.Mar 6, 2022
Block 4 EEZ is expected to surpass
PRUDHOE Bay in crude oil.
I think many will be “concerned “ at that
Volume and shareholder payoff. Don’t you?
Go ERHC _________ :)
Hmmm
Sounds more like chess to me. :)
Nice NDT.
Looking at the EEZ map, it’s apparent
There has been some 3D Seismic there.
Any peek at block 6 results and we’re
Probably a go. I’m ready. Also expect our JDZ blocks to be interesting as drilling goes deeper. (Just thinking back to our drilling earlier there)
Ps: thanks for not mentioning Shorts.
I’ve been busy celebrating this holiday till now. I just read the past dozen posts and NOW,
I don’t think I’m going to be able to sleep !!
Of course we’ve all probably read all of this but tonight I feel like I’ve just downed
A triple pappy straight up. Whoop whoop.
Folks, we’re in the Twilight zone.
This block puts Total and ERHE on the front page of most National newspapers.
Let’s keep steady on the High Road. We’re
That good. Happy Fourth my friends.
I’ll finish up a little later, I’m on page (…)
I do also believe our mgmt has done a stellar job (so far) protecting shareholders
Mgmt could be ready to roll out our position, probably when more information
Comes out on 6.
I think I’m going to like things as they roll out.
(Sorry shorts)
Happy 4th. USMC 60-66.
You misunderstood almost everything
I was discussing. IMO any discussions
About failed short investors is just a waste
Of time when ERHE investors are on the brink of one of the most Lucrative oil investments of all time. Equal to or greater than PRUDHOE Bay.
Please don’t put words in my mouth.
We’ll see.
Thanks Opus
Sounds about right.
Off to church then a magnificent trail around a beautiful Alaskan lake.
Minutes from our home. Mr. Moose was browsing in our backyard.
I do think that ERHE and Total management views activity here on this board. There is the possibility that decisions can be influenced by the “temperature “ of shareholders, especially
Shareholders with substantial shares.
Maybe I watch to much tv But I raise the question so that topics can be discussed other than what certain “short” sellers want to talk about. Consider this:
If block 4 obtains projected commerciality
And gross revenue approaches the 1.4
Trillion revenue, what’s a fair return to shareholders? Billions ? Sure ! It’s our block. Of course the gag orders allows
Total and ERHE to operate in total silence But, when do shareholders get to share in
Activities?
Just asking.
Thanks for the chat.
Thanks Opus but I don’t yet see anyone addressing any of the points I brought up.
“Patience” is something most shareholders can relate to. But
Valuation of ERHE’s block 4 and preoccupation with short investors.
I’m also curious whether any ERHE shareholders have had any communications with anyone at Total or ERHE management.
We’ll see.
Do you agree that as shareholders, we should begin a conversation with SEC?
There is tangible evidence that Total and ERHE likely are seeing a gigantic DE risking of block 4.
The time for Management to put their cards on the table for the benefit of all
Shareholders is now.
And with the market and sizable commercial success in our blocks, Sae Tome, Principe and attracting at least 4
IOCs yet…..
Here we are chatting with and about “Short
Sellers and a small fraction of what ERHE
Shareholders might get out of this deal.
IF, IF block 4 matches what Total/ ERHE
And shareholders believe what’s down there…. 1.4 Trillion Dollars. Gross ( maybe more) we are talking a mere 5 billion to
ERHE shareholders?? That my friends is
Outrages.
I’m thinking we need information and NOW. why not start a chat with SEC?
Most of us have been shareholders for close to 20 years, some longer.
Maybe this type of chat is more important
Than who said what to who, calling each other Bullshitters. Constantly.
Has anybody here had any “off the record”
Discussions with anyone connected with
Total or ERHE????
Anyone????
A 13 Billion find at 109.00 per barrel
Is valued at 1 Trillion, 400 Billion $$.
Anyone but me think our shareholders
Should get more than 1-5 billion?
At max, that’s $1.50 per share.
Our Kenya drill with CESPA was a 35-65%
Split (more than a buck and a half)
Think SEO or Peter will settle for that?
1.4 trillion to 5 billion? ?????
YAWN……..
Anything NEW??
ERHE closing today?
Above .0011 ??
Great point.
Dividends during more exploration and a % of gross. ???
Dots are being connected. And it looks more favorable moving into summer. Eventually facts on block 6 will be disclosed…. Another DOT. Puzzle pieces coming together thanks to diligence of longs. Thank you Opus.
Do you think if and when drill ships reenter JDZ, that drilling will be in many of the same locations but deeper?
Any projections on any activity in JDZ?
Actually, I’ve always trended towards receiving
Numerous dividends and a percentage
Of what’s brought on market.
I’m elderly and have been patient for many years (2007). We all probably have heirs
That have a lifetime too. I understand there are those that want to grab and go,
BUT, as long as our management and Offor
Are happy, they do have a fiduciary responsibility to perform for all shareholders. I can live with that.
One Trillion, 4 hundred Billion equals
Gross $$$’s for a 13 Billion commercial
Find. (You think Offor/Peter will settle
For 54 billion $$ ?)
I don’t!!!!!!
Ho Hmmmm
very simple.......
"GAG ORDERS"
I think you’re exactly right.
A smaller commercial find probably moves along more quickly. We anticipate something of the caliber of the recent 13 Billion barrel find. Maybe more in block 4.
Takes a lot of dotting I’s and crossing T’s.
At current crude prices, a find approaching
A Trillion $$ is a lot to analyze.
You have any ideas of the total costs (before shareholders profit) a large commercial find would be? Drillship, materials, labor, etc. more or less than a $ Billion?
Best luck to us all.
Thanks for your posts.
Unable to respond to any Bullshit (my friend)
Go ERHC———
OR
Unfortunate for those stuck with SHORTED worthless shares.
Go (Again) ERHE ________
Biggest bullshit so far.
Thanks my friend !!!
Go ERHC ________
Fascinating.
Thanks for post.