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Electrical supply issues have slowed Eland Oil quest for completing their latest drilling campaign in OML-40. The electrical supply issues should be resolved soon and sometime next month they will bring this well online and their daily production should reach 30,000 barrels plus a day.
Eland proposes to reach 50,000 barrels a day by this time next year.
So at 50,000 barrels a day and oil selling for about $60.00 a barrel, that would bring in $3 million dollars a day or $1.095 billion dollars a year.
Elcrest should take in $246 million plus a year from that total with Starcrest receiving about $137 million a year.
How much of that Hydrocarbon Cast Flow will ERHE secure in their deal with Starcrest?
If ERHE could secure 20 basis point of that 45 basis points as Eland Oil has, ERHE could be receive the same market valuation as Eland, but at a lower stock price due to all of those ERHE shares outstanding.
I would estimate about $.38 share at 10 times earnings less thier own expenses.
Who knows, maybe, Eland, ERHE and Starcrest drill block 11A in Kenya?
Just Food For Thought!! So please conduct your own research in case I am mistaken.
Have a Great Day and Remember, If you do not take charge of your life, Someone will always try in calling the shots for you. So Giddy Up and start researching your future!
Who said SEO and the Chrome Group was Belly up!
Sneak
Who was it that laught at the thought of SEO being the King in his own backyard?
Nigerian leadership will not stand for Foreign Oil Companies telling them how business will be conducted in their own Oil Patch!!
As MC Hammer would say "You Can't Touch This"!!
Just more Hard and True FACTS!
Have a Wonderful Day!
Sneak
ERHE with its low 21% U.S. corporate tax rate could be used as a Catalyst for cobbling together a lot of Valuable Hydrocarbon Assets that could Rival the other Foreign companies operating in the region with a higher corporate tax rate.
Just Food For Thought!!
JDZ = maybe 1 billion barrels plus.
Nigerian deepwater blocks = maybe 1.2 bbls
Sao Tome EEZ = Maybe 1 bbls plus.
Kenyan 11A = maybe .65 bbls plus.
Close to 3.85 bbls plus.
Please conduct your own research in case I am mistaken.
Have a Great Evening!!
Sneak
Cespa was carrying the cost drilling cost of the Kenyan Government as well as ERHE.
The Kenyan government accepted Cespa's request to leave the block and ERHE retains its original percentage of 90%.
What is unique is the fact that when SNP left the JDZ, they did not charge, nor did ERHE record their share of drilling cost despite the carry interest.
ERHE is free to look for other partners in developing the block.
Just the facts as reported. Or food for thought. Who Really knows how this will all shake out, but Total Fina seems to be interested in the JDZ, The two deepwater blocks in Nigerian waters and block 4 of the EEZ. Pipeline is running thru Kenya and may come from Uganda as well as Southern Sudan.
Have a wonderful weekend.
Sneak
ERHE is working with Deloitte to find a new Partner for block 11A in Kenya. ERHE retains 90% of the block with the exit of CESPA!
Total could be looking at the block as a Southern Sudan pipeline may run right thru the area.
Just More Good For Thought!!
Have a Wonderful Weekend!
Sneak
Could Total be looking to pickup two deepwater Nigerian blocks and one EEZ block as well as Jump Back into the JDZ?
Just Food For Thought!
Happy Researching! ??
Sneak
What a Day!! Someone Bought 100 million shares!! Like they say in New Orleans,
"Who Do That"?
Someone Who Know Something!!
The .0002 are almost gone and soon the .0003 will be toooooooo!
Just Food For Thought!
Sneak
There were (2) fully charged interval with (1) over a 100 meters and had significant oil shows and gas.
This was, for all intended purposes an "Exploratory Well" and not a production well.
This was not an appraisal wells and it proved that Hydrocarbons are in the area.
Cespa has not released the detailed scietific drilling information about the wells discovery other than to state the well was not commercial and deemed the well dry, thus plugged and abandoned.
This is not to say all is written off. Cespa could still drill the other target.
Remember, Cespa was looking for drilling results that could tie this formation back to a the larger structures in the middle of the basin.
Have a Great Day!
Sneak
Nice Theory. Since CESPA was carrying ERHE and the Kenyan Government's dhare of cost on the first well in Block 11A and would continue to carry the cost for the second well, provided that the results from the fist well warranted such a move.
Why would ERHE record their share of cost on their books. After all, if they were closing the doors as some here would have you believe.
ERHE maybe coming into some money so as to charge off the drilling Expense against.
Just the way I See it, so please conduct your own research as I maybe mistaken.
Just Food for Thought and Thanks Krom for yours.
Sneak
Kenya block 11A could possibly contain 1 billion barrels plus of Hydrocarbons if 3D was shot to locate the Mother load of Hydrocarbons Streaming across the boarder from Southern Sudan's Mega structures that hold billions of barrels of Hydrocarbons and they share the Same Rift Formation that reaches well into the Basin of 11A.
Please conduct your own research as I could be wrong! Remember, Only You Control Your Investment Choices and Not the Narratives that are Posted Here.
Have a Great Weekend!!
Sneak
As per the SEC, any stock that is $5.00 or less are viewed as "Penny Stocks" these stock have less than $5 million in assets and have averaged $6 million in sales for 3 years running. These stocks trade on the OTCQX and can trade as low as .10
Stocks Trading below .10 to .01 trade on the OTCQB
The OTCQX and the OTCQB are both regulated by FINRA and the SEC.
Stocks Trading less than .01 to .0001 are not regulated by the SEC as they are viewed as Purely Speculative in nature with very little money and or Assets of Value.
However, should the stock's economic conditions change whereby the cash position, assets and stock price recover above the minimum standard of .01 for 90 days and make the OTCQB OR HIGHER then All Regulatory Standards will be in Play.
Just Food for Thought, so please conduct your own research and do not allow others to control the Narrative on your investment choices.
Have a Wonderful Day!!!
Sneak-Attack
No, Total wants the block as they recognized the value from the 3-D data (best in EEZ).
Total had been working closely with Komos on getting a farm-in deal from Kosmos on another block when Kosmos sold to another party and Total felt shafted.
Total could get the rights that you are talking about by buying out ERHE or thru a Partnership.
You can open an E-Wallet account for $30.00 with AEI and purchase individual articles.
A look into ERHE'S possible hydrocarbon assets:
EEZ block in litigation, could hold 500 mlbs plus.
JDZ blocks 2 had ext 87 mlbs 2D, After 3D possible 350 mlbs plus.
JDZ block 4 had 247 mlbs 2D, After 3D 750 mlbs plus.
JDZ block 3 had 10 mlbs 2D, After 3D 30 mlbs plus.
Starcrest 2 deepwater Nigerian blocks combined 1 bbls plus.
Kenya block 11A 662 mlbps 2d, 3D?
Cespa drilled the first well in block 11A to see if the billion barrel finds in Southern Sudan could reach into the basin they were drilling.
ERHE could possibly be sitting on 3.1 billion barrel in all of their combined assets.
Please conduct your own research as I could be wrong.
Have a Great Day.
Sneak
Congratulations! 200 million is a Mighty Fine Piece of ERHE Stock!
Our time is Coming!!
Maybe between, Me, You, Krom and Oldoil we can Corner the Market!!
Just More Facts!
Sneak
Oh, how you wish your statement was true, but ERHE will be starting its Ascendancy via working with SEO in Nigerian waters where the Global Oil Cabal has absolutely no power to stop what is coming and in the Works!
Just more Facts as I see them! So please conduct your own research.
Sneak
DG: Most of your question could be answered with a corporate filing!
Having said that, Kosmos was doing business with ERHE, Total Fina has an interest in doing business with ERHE and Eland Oil.
Eland Oil could not have been as successful entering the Nigerian Oil Patch if SEO was not involve.
SEO and Friends will not let ERHE'S asset slip through their grip.
Starcrest and ERHE may have finalized the deal for two deepwater blocks in Nigerian waters as well as receiving a share of Proven Hydrocarbon assets an Hydrocarbon Revenue which would be an ERHE First!
As far as PN and SO, Who Really Cares, After All, it has been since the Beginning, it is Now and into the Future, "ALL ABOUT THE ASSETS".
This is just how I See It. Your viewpoint along with Others may be different and that is just Fine. After the last two weeks, Life is All to Short and Definitely Not Fair.
I for One, Continue to hold shares.
Have a Nice Day.
Sneak
Bankruptcy is not an option as SEO would lose control of those assets and that my friend is not going to happen.
The Kenya asset is still in play as Kenya has not announced that Block 11A has been taken away from ERHE.
Total Fina may also be interested in the two deepwater blocks in Nigerian waters that were part of the Starcrest deal.
Exxon wanted back into JDZ block 2. Could Total make a play for ERHE Assets.
Could ERHE be a takeover target to operate the deepwater blocks in name only as a U.S. based Forgien Subsidiary yielding higher profits with a 21% tax base.
Just Food for Thought!
Sneak
SEO gives life to ERHE via a Deal with Starcrest for (2) deepwater blocks in Nigerian waters as well as some proven Hydrocarbon Reserves and Hydrocarbon Revenues from Nigerian OML-40.
Kosmos loses out to Total Fina in the EEZ, JDZ block 4 holds the Mother-load of Hydrocarbons with in the JDZ.
Kenya block 11A has Hydrocarbons.
SEO secures marginal Nigerian Hydrocarbon blocks for Starcrest, Eland and ERHE.
ERHE has a 21% corporate taxes rate which makes it attractive to develop marginal Hydrocarbon blocks in Nigerian, JDZ, EEZ and Kenya.
ERHE ascendancy is upon us.
Please conduct your research in case I am mistaken.
Sneak
In my one and only post of the day, I would like to take the time to pray for the families and loved ones of the 17 people that were tragically killed by a mentally disturbed individual in Parkland yesterday.
Two of my kids went to this school only a four years ago. Coach Fies mother and little sister were friends of my wife and would stop by the house from time to time. Another family friends of ours who live down the street were in horrific panic mode as they could not reach their daughter during this tragedy. She was later located hiding in a closet with other classmates.
We have all read about these tragic events in the past, but when it happens to your friends and families, it really hits home.
To the families of those 17 individuals who lost the loved ones, May God comfort you in your time of Unimaginable Grief.
We Love You.
Sneak
Deepwater drilling is very Speculative at Best, even with 3D seismic technology.
HDYN drilled a Dry Well. They had top rated
Management, CEO, Press coverage and Deep Sea Driller and yet, they Failed. So much for the hype. If the Hydrocarbons are not there, they just aren't there!
ERHE on the other hand is Still in Play! OML-40 does have hydrocarbons and a Deal with Starcrest would give ERHE, Escape Velocity from its low Earth orbit where the dissenters can unload pop shots of negativity on her.
I look for SEO to consolidate his hydrocatbon business interest and move to another exchange.
Just more Facts.
Prediction, KOS goes down, ERHE wins.
Sneak
ERHE does not owe Cespa dime as Cespa has not filed any LEGAL ACTION TO COLLECT!!
Facts always seem to escape your viewpoint!
You do not control the Narrative concerning ERHE'S future as your opinions are just that YOUR OPINIONS.
Note to Shareholders, Please Conduct Your Own Research.
I posted about how ERHE was working a Deal to acquire Nigerian Deepwater block 245. Most of you here did not know this was going on in 2016 as ERHE has learned to keep vital information close to the vest. Just because ERHE does not talk about it, Does not mean they are Sitting Idle.
King's article about the JDZ is slightly old and enlightening, but some here would have you believe the JDZ is wortless.
Sneak
The only Orignization who has gone on The Record to collect money owed to them by ERHE via legal action is Auctus.
The fact that the IRS is owed $2.0 Million is just that. The money maybe owed, Yet no legal court action has taken place to try and collect this money.
Cespa can be added to this list of money owed and no legal action to collect this money.
Kosmos is not in consideration as they are in a contract dispute with ERHE concerning EEZ block 4.
With OML-40 on the verge of producing 30,000 barrels a day and on its way to producing 50,000 a day, it will not take long to settle any outstanding legal issue once ERHE secures part of Starcrest production revenues.
Just more Facts as I see them, so please conduct your our research in case I am Mistaken.
Sneak
I looks like Auctus got Greed by not converting the shares when they had time to do so.
They Ripped themselves Off! They were to get shares at a 40% to 60% discount to the 30 day trading average. When the share price dropped below .0001 they screwed themselves as you can not issue shares below the par value of .0001
They were then relying on ERHE to pay off the balance as a cash loan with interest and penalties added in.
Let's see how it ALL shakes out!
Sneak
Looks like the Auctus lawsuit is all about not getting enough convertible share to cover the money that was issued to ERHE.
Let see how this shakes out!
Sneak
Auctus funding will just have to get in line!
Just More Facts!
Sneak
Is Exxon Business Model and Leadership Responsible for its Badly Missed Earnings Report Today?
Their Strong Arm Tatics are Catching Up with Them!
So much for Big Time Wallstreet Management Teams.
I view Exxon to be Responsible for the Government Raid on ERHE'S office and the Congressional Investigation about Corruption and Bribery Charges, lead by the FBI who has shown to be a Willing Participant in Prosecuting FAKE DOSSIE.
Just the way I See it, so please conduct your own research in case I am mistaken.
Sneak
K-pin: AEI has the story if you know were to look.
Exxon never had a chance to get the Operatorship with a minor stake holding.
All 3 companies in Block 2 are Nigerian Owned and Nigeria has Majority Control of the Council.
Let see who Wins the Day in that Region of the World, the Locals Boys or the Foreign Conglomerates.
I will take the Home Teams and you do not even have to spot me a few points!!
Please conduct your own research in case I am Mistaken.
Sneak
Oranto has the Operatorship of JDZ block 2 with 65%, ERHE has 30% and Foby Engineering 5%.
Exxon wanted the JDZ Council to allow them to get 25% of block 2 If they could be the Operator of the block. To do this Oranto would have their share reduced to 40% so Exxon could have 25%.
While some at the JDZ were delighted to see Exxon's involvement, it was not to be.
Since Exxon's could not get the Operatorship, they rescinded their request to Save Face!!
As one can see, those in charge of the JDZ sided with the local content company in Oranto.
Political Power in that region of the world still has the last Word!!
Just more Facts
Sneak
Why are you surprised, ERHE stated they were entering into an Agreement with Starcrest. Just because they did not release the information does not make a "No Go".
As far as the exchange of shares for assets is anyone's guess.
We all know the ERHE controls 100% of block 4 in the EEZ and everybody knows that ERHE wanted to sell this block. However, getting a Higher price from another Suitor(s) and a Free Carry of 15% would certainly be worth more than Kosmos was willing to pay.
Oranto stated that they would like to start production in the JDZ block 2 within 18 month of formalizing the new PCS. They also talked about how the structure that contains about 1.2 trillion cubic feet resides in both block 5 and block 2. They also state that another structure is deeper than the gas structure and could contain oil. Oranto is the operator of block 5.
Exxon wanted back into the JDZ block 2 "Only if they could be the operator of block 2".
I posted about Canadian hydrocarbon outfit Oracle Energy and their subsidiary Wellpoint and how it is related to Peter and SEO to show that just because ERHE does not talk about business dealings in the works, does not mean that they are not actively seeking business opportunities with other Quality outfits in the business.
ERHE has a "New Business Model" that relies on Developing Marginal Hydrocarbon in Nigerian and the Surrounding Region.
So as Clint Eastwood would say "Do You Feel Lucky"! betting against SEO on his Home Field!
Please conduct your own research in case I am mistaken.
Sneak
Oldoil: We all know that ERHE signed an agreement with Starcrest to acquire a share of Starcrest Valuable Hydrocarbon block OML-40 as well as part of the two Nigerian deepwater blocks that Starcrest Controls.
It looks like ERHE wanted to exercise their 15% working interest in EEZ block 4 with a free carry from Kosmos and that may explain Kosmos desire to get the working interest in the block reduced 60% for the first phase and the Social Responsibility cost by 60% as well.
Could ERHE now be packaging the Two Nigerian deepwater blocks, Block 4 of the EEZ and the many blocks of the JDZ in which ERHE increased its block 2 percentage to 30% with block 2 scheduled to start Gas production later this year or early 2019. Let us not forget that Exxon wanted back in on JDZ block 2 last year and were snubbed by the JDZ Council and for Good Reason.
ERHE with Proven Hydrocarbon Reserves and Proven Cash Flow along with a World Class Hydrocarbon Portfolio could Achieve the Necessary Velocity to Lift ERHE from its current low Earth ordit to a High Flying Orbital Wonder and List on the soon to be Sold London Stock Exchange!!
Just my opinion so please conduct your own research in case I am wrong.
As far as the statement that "No one will risk working with SEO, Peter and ERHE" is just Flat Out Wrong! Orcale Energy and their subsidiary Wellpoint Energy teamed up with Peter and SEO in an effort to acquire Nigerian deepwater block 245 and lost out to another bidder who's offer fell through.
Orcale is operated by the former COO of Kosmos and two former Exxon Executives. They are hardly the "Shady Type" Some suggest ERHE works with.
Veteran Oil Company Executives Seek Out SEO for his Expertise when conducting Business in that Regoin of the World and Rightfully So!!
Sneak
I did not read it the wrong way. The purpose of the arbitration is to prevent ERHE from selling to a Higher Bidder and prohibit ERHE from using or sharing the vital business and seismic data involved in this block and other blocks in the region.
Kosmos tried to get ERHE to renegotiate the PSC for block 4 by lowering the Social Responsibility cost to the Sao Tome people and the minimum work requirements by almost 60%.
Very Shameful and Cowardly Act Indeed by Kosmos!
Just the way I See It!
Please do not discount the GREED of the Big Oil Companies!!
ERHE is where it is because of BIG Oil.
One does not get dragged before the Homeland Security Council unless very powerful companies push that Agenda!!
Sneak
It would seem that ERHE, in an effort to secure one or both of their 15% working percentage of any EEZ block of its choice, may have reviewed the seismic data shot by Kosmos over the region and other vital corporate information vital to Kosmos success in the region.
It is Factual that Peter and ERHE never gave Kosmos an exclusive agreement for the block in question and Kosmos knows this.
The arbitration case in London only prevents ERHE from selling the block prior to the arbitration's outcome.
Kosmos is asking the Judge to impose a $500 million judgement against ERHE if Kosmos lost its claim in order to keep ERHE from sharing or using Kosmos business model and other vital data related to developing the EEZ block in question should ERHE choose to do so.
The rift within the Kosmos and ERHE agreement grew out of pressure from Kosmos to have ERHE renegotiate the PCS with Sao Tome prior to the close of their agreement. Kosmos wanted the social responsibility and the first work requirements lowered by almost 60%.
ERHE refused and handed the $125,000.00 deposit back to Kosmos.
The best thing Kosmos could do is match any suitors bid or Punt!!
Just another disrespectful and unethical move by Kosmos and that Big Wallstreet Type of Management Team to short change the locals in that region of the world.
Shame on you Kosmos!
Just my opinion, so please conduct your Own Research as I may be wrong, but i do not think so
Sneak
SEO has over $13 million invested in ERHE and her Hydrocarbon Rights.
ERHE has signed an agreement with SEO'S Starcrest to jointly develop Hydrocarbon properties in Nigeria where the Corrupt Super Major Oil Companies Have No Control of the Outcome.
I look for the two deepwater blocks in Nigerian waters plus a percentage of Starcrest 25% stake in OML-40 to be exchanged for 50% of ERHE'S shares.
With Proven Hydrocarbon Reserves and Cash FLOW from OML-40, ERHE'S Financial problems should get resolved through negotiations.
Once all the Financial On going Issues have been resolved, I look for Elcrest to secure future Hydrocarbon Resources in Nigeria.
Please conduct your own research as I could be Wrong, after all, it is your Money, so look beyond the negative rhetoric posted here an try and find a workable solution to ERHE'S current situation and do not rely solely on its Demise do to a thoughtless bunch who prefer it's end!
Sneak
SEO'S Starcrest is a Lifesaver! ERHE soon to be sporting a Hydrocarbon Revenue Stream along with Proven Reserves and a listing on the London AIM Exchange.
Watch for the Big "E"!!
Just the way I See it, so please conduct your own research in case I am Wrong.
Sneak
Oil Heading to $100 a barrel! The higher oil prices are likely to lift the share prices of all Oil Companies.
Just more Facts!!
Does the EZZ block 4 have Pre-Salt formation?
The Big "E" deal, Higher oil prices, Lower Taxes all spell success for ERHE!!
Remember, Exxon wanted control of block 2 of the JDZ! That is a FACT My Friend!!
Some would say, "No Hydrocarbons There"! Do not believe that for one minute.
Please conduct your own research!!
Sneak
The only people on their collective knees are the those individuals who bought your line of Elitest Dialog about HYDN and their Wallstreet Management Team.
How did that Workout! Oh, Ya, they filed for the Big "B" Bankruptcy that is.
ERHE are still in play as they continue to defy the gravity that pulls most companies below the surf.
The debt is not actively being collected by those who are owed the money. Yet another fact you fail to reveal.
Here is how you should embrace this fact, "It is just Off Bookkeeping Accounting"
When this fact matters, the debt will be Realized!
Just more facts!!
Please conduct your own research, after all, it is your Money and not Theirs!
Sneak
With oil at $64 a barrel and Production at 20,000 barrels a day from OML-40, Starcrest would get $58.4 million in Production Revenues a Year.
The question is how much of that Production Revenue will belong to ERHE from its deal with Starcrest.
ERHE will have a percentage of OML-40 Proven Hydrocarbon Reserves and Revenues.
Oil is heading to $80 a barrel and the oil Production will be increasing to 30,000 barrels a day and the Proven Hydrocarbon Reserves will increase by 224 million barrels.
Just more Facts, so please conduct your own research in case I am wrong.
Sneak
The fact that 2500 individual investors own shares in ERHE proves that MTO is wrong about Peter, The Management Team, SEO, The Outstanding Payables and the IRS as No One has filed a lawsuit to collect.
Companies are sold all the time with outstanding litigation issues that are on going.
MTO seems to think that the only way to invest your hard earned money is to hire High Flying Wallstreet Management Teams, Well how did that workout for the HDYN shareholders who bought into that line of thinking.
The "Delusion Insurance Play" is still a Real Possibility as ERHE is still a Working Concern!
Just the Way I See It, so please conduct your own research and discover the facts as you see them
Sneak
The Blockchain story has more to do with moving to a New Legitimate Exchange as compared to the OTC where the stock can be manipulated by the bloggers opinions.
The non-stop attacks on management and it's owners and business model are the same as internet Hackers attempting to destabilize the company's ability to gather support and capital for future growth opportunities.
Blockchain attempts to secures the legitimacy of the information, identity, value and security of financial transactions in the Market place and around the world between individuals and organizations.
A move to a respected exchange like the LSE would be a welcome change from the present exchange and all the baggage that goes with the OTC.
Just my opinion, so please conduct your own research.
Sneak
Roll Tide!!
I can hardly contain my Rational Exuberance!!!
Some here may be in "Full Panic Mode"!
Us Longs are enjoying every minutes of what is taken place and the best part of this whole endeavour is that the ERHE Nancy's are completely powerless to stop what will take place in 2018 for ERHE and it's Shareholders.
Three cheers for SEO! He may end up on Time Magazine's "Man of the Year"!
Let's Go Pete!!!
Just my opinion, so please conduct your own research in case I did not get it Right!!
Sneak
Well, I have been saying it for some time now.
The Bus as Left the Station!
Today's Trading speaks Volume about what the Market believe in.
Go ERHE!
We have 25K on Wallstreet and ERHE may hit 400 million in volume today!
Sneak