Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
strass, What I meant is that Memon putting out a notice that he intends to sell almost 1.3 million share within the NEXT 90 days is a good indicator that he feels the sp will go up significantly! He also must believe that the volume will shoot up accordingly in able to absorb that size of an order without killing the sp. He has not filed at anytime this year, even when we were getting psc's signed and sig money paid etc. He probably did not feel at the time there would be a significant amount of runup to sell his shares. Obviously now he does. I do not think he intends to sell at the current price level. He did not get where he is in the oil world by being stupid. I also doubt taxes has anything to do with the sell.
he didn't sell when the sp was in .80's and .90's. This could be the first signal we have been hoping for. This is very positive news!
ah, is the rat jumping the ship or does he know something?
Again, nothing is proven to connect to our blocks. Just some rumors. And we only have info from CVX that states at least 150ft of net pay. Haven't determined the commercialability of it yet. That is all that has been PR'd. Just want the newbies to know that. Alot of speculation on what is in our blocks etc. CVX has a tight hole designation on obo1 and will not release full results yet. Until that happens we all have to wait patiently.
PROVEN OIL would be a more correct statement! That is my point.
The only thing the funds are smelling is the stink from this sp and nigerian ownership. They do not have time to research every stock. They only look for solid fundamentals with a huge upside. ERHE is not exactly a poster board company! They would have to see something really big change in the company before they would even consider buying in. You can ra ra the company all you want but it does not change the fundamentals. The only thing (IMO) that will change to their favor is a buyout from a highly respected company with the expertise to bring the oil to market. PERIOD! You have to take away the Nigerian connection. Then we would need truthful obo1 reporting or drilling in our own blocks that confirm commerciability. That is where the big dollars will come from. Why would they want to buy into a shell company with 3 employees and unproven oil property? Don't get me wrong. I am in this because I believe all this will come true someday. But right now unless it is PR'ed then any predictions are just hot air. Oily is fun to watch though! LOL
What management group? No one has been able to prove anything that has been said so far. We have been down this road so many times it feels like we are in "Groundhog Day"! The longs have learned to not react to any rumors. We have all been disappointed too many times. Just wait for a PR from the company or a SEC notification. That will be the telling factor.
Too Funny! Oily puts out another twist and you jump all over it! This is turning out to be a wild goose chase. Just recognize the smoke and mirrors that is going on. Relax. Nobody knows anything! Not one prediction has come true yet! Remember when Oily was also talking about Laksami etc? That guy is Indian. Now we see an emarate sail boat and we jump to conclusions? And then there were the infamous sea shells! So we now have Emarates, Indians,Shell, and CVX chasing us? Try to put that picture together BB.
ERHe had 25% and Addax won with 35% totaling 60%. Then Offer trade 7.3% to addax for the right to full carry and some cash. That is how they got 42.3% and erhe has 17.7.
maybe the sold those extra percentages to...........SNP! LOL
I vote that we change Oilphant's name to Slippery Solutions
at this rate we could see Chelsea Clinton become president of the US before we get over a dollar! Now there is a scary thought!
at this rate Barry Morgan will be retired and then able to buy ERHE stock before we get a chance to see it pop! If the sp stays at this price much longer we are in danger of Offer dying of old age before any drilling is done etc. And I am older than him! :(
Kuxe, that only comes into play when you sell the shares! Doesn't matter what the sp is until that happens. Offer is already on the hook for taxes on the $49 million he got this year for the block percentages he gave up in exchange for free carry. Wonder how he will protect that from taxes?
I don't see how Offer could sell %'s of blocks 3&4 for personal gain. That would be an SEC violation. If that is not the case what could be the reason? To buy into an existing well for instant income? To buy an existing oil company with infrastructure etc and make ERHE become an oil company instead of a holding company? That makes more sense if they are indeed hiring a new CEO, CFO. Otherwise why go to the trouble to hire these positions only to sell the company? Also if SNP is wanting to buy Addax why only buy some percents in blocks 3,4? Are they wanting to buy ERHE? I bet every oil company in the world would love to own ERHE. One obstacle stands in their way. Offer. As long as he stays away from stray bullets and off Nigerian airplanes he contols major oil prospects in highly sought after acreage. Either pay his price or go home empty handed. The only other way to increase percentages in those blocks are to buy Addax and/or Anadarko and the indies. Don't think that would be so easy either.
wire/mongo, what is your purpose on this board?
I suspect someone just pumped the stock on Friday to drive it up so they could sell into the run. Someone is looking to get out.
I think we are stuck in cosmic time! We flew past fortnights and upinto cosmic time :)
Oily, next time use BEANO and that will take care of your winds!
And what exactly will part the clouds and bring such sunshine, oh oily one? Will we be seeing the chinese star shining bright or beautiful shells on the beach? If none of those will Addax be leaping around for joy?
I find it extremely hard to believe that with the huge amount of oil that is supposedly there that the super majors would let SNP walk in and take over without a fight! Remember Unocol? Still can't figure why XOM is so quiet. If chinese get control of the zone XOM or Chevron won't be able to wrest it from them. They could buy out any other company in the world but the chinese. The chinese need the oil too bad. Maybe there is a bidding war going on behind the scenes. Who knows. I heard XOM and Offer do not exactly GEHAW together very well. Think maybe they are waiting to see if Offer sells to some other company and them swoop in to buy them up thus getting the lions share of the zone? Won't happen if the chinese take control. USA better wake up before the oil goes to the other side of the world. The GOM and Alaska can only do so much to quinch the oil thirst of the USA. And XOM and CVX is up against the wall trying to figure out how to increase their reserves annually. Only so many elephants to go around. Mamouths like our zone are even more rare. Stay tuned for the next version of "As the oil churns". (wonder if that was a Whistler series?)
are you saying chinese are going to buy out addax? or are you saying chinese are going to buy out erhe's interest in blocks 2,3,4 or are you saying chinese are going to buy erhe and addax or are you saying chinese are going to buy all rights to blocks 2,3,4 from all participants? Just a few questions you bring up!
One
------Three Dog Night
(written by Harry Nilsson)
- peaked at #5 in 1969
One is the loneliest number that you'll ever do
Two can be as bad as one
It's the loneliest number since the number one
No is the saddest experience you'll ever know
Yes, it's the saddest experience you'll ever know
'Cause one is the loneliest number that you'll ever do
One is the loneliest number, whoa-oh, worse than two
It's just no good anymore since you went away
Now I spend my time just making rhymes of yesterday
One is the loneliest number
One is the loneliest number
One is the loneliest number that you'll ever do
One is the loneliest
One is the loneliest
One is the loneliest number that you'll ever do
It's just no good anymore since you went away
(number)
One is the loneliest (number)
One is the loneliest (number)
One is the loneliest number that you'll ever do
(number)
One is the loneliest (number)
One is the loneliest (number)
One is the loneliest number that you'll ever do
(number)
One...! (one is the loneliest number that you'll ever do)
(number)
One is the loneliest number that you'll ever do
(number)
One is the loneliest number that you'll ever do
Wow, fantastic opening 600 shares in nine minutes! and we drop a penney! Go figure
Isn't it kind of interesting that the company was founded in March 2006, right about the time CVX finished drilling? I don't recall Momo and Equinox being in the bid process. How could the be a wholly owned subsidiary of Amber when Amber was not started until March 2006 when the PSC's were signed? Something smells fishy here. I wonder what name they were under before Amber? I also wonder if they were put together just to have a shell company to sell to the majors when the money starts to get passed around. Wonder if Shell is knocking on their door as well? Where is the mighty XOM in all this? They gave up two 25% interests in 5BBOE just because they were upset with EO? Still can't figure that one out.
sounds like birdies are chirping again. Will they turn out to be turkeys or eagles? Stay tuned for the next segment of "As the oil churns!"
uh oh! Oily is getting a sense of humor!
Must be some good news coming soon as we are getting basher news again. Always happens just before good news! Show me the money!!!!!!!!!!!
Yahoo alias Mongo go away and don't let the door hit you where the good lord split you!
notice that the author did not even publish his/her name! This is an obscure newpaper that is hoping they can produce something that may hit the news wires and get them some recognition.
anyone know how to check a quote on Addax?
Jim, good post. I have talked to people also and have had a few reactions like yours BUT quite a few went ahead and took a chance on a long play and bought shares! Some as low as 500 shares and some as high as 150,000 shares. They see the potential in this stock and anything can happen at any time. Roll the dice and keep fresh bait on your hook! The bobber won't jiggle unless you have bait in on the hook! Here's to catching and landing the big one! I am calling for green today!
roflmao
Tune, we all need our head examined for staying in this stock so long. This is like an addiction! Oh well, been here this long might as well ride it out. Someone pass me a beer!
I take that one back. I think that one was Umbra. My Bad! Just wanting to know if you had heard something to make you change your mind. The question was put to you by several others and you did not answer. Not trying to start a war.
angry, why have you not replied to the requests about your information? Were your statements just a hunch or did you have actual information? Did your information change on the buyin/Out? You did a 180 turn around and we would like to know why.
catch their eye? more like harpooned their eye today!
wire, just go away! The rest of us are all happy with our investment despite the grumbling. We can grumble all we want but none of us are selling.
Walldog, if he has no intention of selling then why hasn't he started hiring o&g people to make the company for real? Their mission statement is to utilize the assests to grow the company into an O&G company and to search for other properties that they can participate in for production. They have the money now why not start making a company of it? I do believe that he will sell at least a portion at a significant profit and use it to grow Chrome Oil. Remember he bought the company for only $5 mil. plus the loans he put into it to keep it afloat (which he converted into shares now). I believe he feels he already has an O&G company in Chrome and will grow that business off of ERHE proceeds.
If Electic is correct and WB does get a group to buyout Offer then I would be willing to bet that all of you will not run to the nearest stock trader and tender ALL of your shares immediately. I would bet you will all take some of the money off the board as you should but will still retain a good portion of stock for the big plays down the road. To think this stock will stay in the sub dollar range is crazy. With the amount of oil that is there this thing could be in triple digit dollars some day (the quicker it gets here the better I will like it!) The only way that will happen is if it gets to be a real oil company with proven reserves. Anadarko has proven reserves of 1.5 billion and is valued over $100 share. Just think what this company could do. Keep your eyes on the prize. Hold as long as you can. Trade some when you need to but always have stock on hand. Your future generations will thank you for it!