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The Proof is in the Pudding! The SEC has a blind eye for Penny stock company "Techincal" violation in the Code!
Your Frustration with ERHE and it's management team is directly reflective of how the Governing Regulatory Authority give Peter and his team a pass when in fact the SEC has Bigger Fish to Ensnare for violating the Regs.
After All, ERHE has little to no money left, so trying to fine them, drag them to court and waste taxpayer funds. The SEC is content with looking the other way for now.
Should ERHE'S fortunes change and they come into a lot of money, the SEC may look differently going forward as all of Peter's moves to date were and still are all about bringing value to all of ERHE shareholders regardless of how who and your kind feel about the alleged mismanagement of the company.
Just the Hard Plain Facts! So, Get over yourselve and buy some shares and joint the Winning Team.
ERHE may get an LSE listing in 2018 with assets from OML-40, Nigerian offshore block 242 and 291 and you are powerless in attempting to Stop It!! ??
Sneak
There are No Lawsuits against ERHE!
ERHE may be in default for their Exploration Endeavour, but No Legal Action has taken place.
ERHE may owe the IRS, but No Legal Action to collect that money.
ERHE has not lost its holdings in Kenya.
All of the above are True Facts and not made up detrimental twisted half truth as portrayed by others here.
What for the "Big E" in 2018.
Just Facts.
Sneak
Bankruptcy! I believe that was in HDYN vocabulary as HDYN had request such and not in ERHE'S vocabulary.
Just more Wishful thinking on your part and your buddies once more against ERHE, it's Management Team and Shareholders.
We thank you for your thoughtful sight about ERHE, but you are Wrong Again.
Just the Facts, Yet Again!
Sneak
Watch for the Big "E" in 2018!!
SEO secures more marginal Nigerian Hydrocarbon properties.
ERHE could be sitting in SEO'S "Cat Bird Seat"!!
Over two decades and SEO'S ERHE is still alive!!
Many have Predicted ERHE'S Demise, only to see their own investment's in other Hydrocarbon Companies Demise throughout the years.
Only the Nigerian Political World Controls the outcome of who is successful in Nigeria's
Hydrocarbon World of Influence.
SEO is one of the Favorite Sons of the Political Elites of Nigeria.
The most important lesson one should learn about doing business in Nigeria is that Nigeria Always comes First in any deal.
Addax former boss knew this best, but the Chinese who bought Addax failed to realize this very important Fact and may pay a very very heavy price for breaking this simple rule in 2018.
As 2017 comes to an end, we bid farewell to are HDYN counter parts and say Hello to 2018, which should prove to be a very interesting year for ERHE and it's Faithful Shareholders.
Just the way I See it, so please conduct your own research in case I am wrong.
Happy New Year to all my fellow Friends in ERHE and I will pray for those that have other regards and thought for ERHE and myself going forward in 2018.
Jesus Love You Baby!
Sneak
One only has to look at the top rated high flying management teams from Wallstreet to realize that even the chosen best in their field can fall on their own sword when it comes to drilling successful hydrocarbon wells.
Peter and his management team were smart enough to spread the risk by getting into the backseat and letting someone else with more knowledge and experience take charge of drilling successful hydrocarbon wells.
Looks like Mr. Ray could not stand being out of the spotlight and took the entire HYDN class of inventors with him down the drain.
Peter played it smart as ERHE still has a chance with the Starcrest deal. SEO is a true gentleman and deal maker for All of the ERHE Faithful who have stood behind him and his efforts to bring value to ERHE shareholders.
SNP and Cespa both bit the dust with their hydrocarbon drilling selections. However, Eland Oil along with SEO'S Starcrest are both doing great in OML-40 and will continue to do good in Nigerian territory. Soon ERHE will be joining the ranks of successful upstart hydrocarbon companies who have selected SEO to lead them and not some hot shot Wallstreet management team.
Just the way I See it at the close of 2017, with 2018 looking better than ever before for ERHE longs.
Please conduct your own research as I could be wrong.
Sneak
Pardon me, but I believe you are talking about HDY and their apparent Demise.
Where is Ray? he set up a deal to sell 53% control for $6 million to a Chinese LNG company.
However, the Chinese LNG Company backed out of the deal when they discovered that HYD had already lost its Hydrocarbon rights when the Government ruled they were in default and took the rights away.
So Biff, as you can see. HDY is out of money and has lost All Its hydrocarbon rights and ERHE is still Alive and Well as NO Government has taken away their Hydrocarbon Rights.
So you are Wrong, Yet Again. Your displeasure with the ERHE management team is wrong.
Peter beats out Ray, hands Down as your Big Wall Street management team just went belly up!!
The lack of not having a Political life Line in Africa has proven to be a pit to much for HDY and its backers to withstand.
HDY is Toast! and ERHE still is Afloat!
Just the way I see It.
Have a Nice Day!
Sneak
The Oil Super Major, Total Fina is rumored to be Sailing Headlong into the EEZ looking for Blocks.
Kosmos better be looking over its shoulder as Total wants In.
ERHE has 100% of EEZ Block 4 and reserves the right to buy into (2) blocks of its choice with a 15% take!!
Looks like Cinderella may finally be heading to the Ball!!
A few of Addax's Nigerian Producing properties that are heavily saddled with debt could be on the auction block in the coming month.
Does SEO still have some political sway in Nigeria?
Please conduct your own research as I could be wrong!
Sneak
A Starcrest, ERHE asset stock swap may be in the works whereby ERHE could receive 20 basis points of Starcrest's 25 basis points in OML-40.
Starcrest would retain 5 basis point or 5%, ERHE would receive 20 basis points or 20% and Eland would have 20 basis points or 20%.
Hence Elcrest would be made up of Eland Oil, ERHE and Starcrest.
ERHE would be on the same valuation as Eland Oil. Should Eland decide to merge with ERHE, they would double their revenue from OML-40 and pick up ERHE'S JDZ AND EEZ'S deepwater assets as well as Kenya block 11A, Starcrest deepwater blocks 242 and 291 plus numerous other Nigerian marginal block scheduled to be up for grabs early next year.
Now you can see why Big Crooked Oil wants to tie up ERHE in a Fake Breach of Contract dispute.
Exxon, Kosmos and BP can Pony up the money or take a walk!
Just how I See it, so please conduct your own research as I could be wrong.
Sneak
I am not saying that Nigeria has any sway over any international court or U.S. court.
However, if the Global Spuer Majors and their minors who are politically tied to the corruption legal system that drags smaller hydrocarbon companies with very little cash into court in an effort to wrestle any very Valuable Hydrocarbon Assets from their rightful owners via these Kangaroo courts that do the bidding for these tupe of Big Hydrocarbon Companies.
They maybe in for a shock as Payback could be very negative for those companies and countries trying to doing business in Nigeria's Neck of the Woods!!
Just look at what happened to Exxon when they wanted block 2 of the JDZ. The joint council that operates the JDZ voted 3 to 2 against Exxon's request. Nigeria holds a 3 of the 5 seats.
That was the first shot over the bow, So to speak in respecting the wishes of what takes place in Nigerian's region of the World.
Exxon had their chance and stood clearly in the way of ERHE'S ability to monitorize it's assets many years ago.
The best path forward would be for Kosmos to buy out ERHE at a fair price instead of trying a backdoor way of Hi-Jack Control of them.
Just the way I See it, so please conduct your own research.
Sneak
ERHE retains the EEZ block in Arbitration as the Nigerian are the Kingmakers in their next of the Woods.
If Kosmos wants any of ERHE'S hydrocarbon properties they will have to buy the entire company plain and simple. It will be quicker and cheaper than going to court.
They better watch out for BP and the Exxon Tiger as they make a big play for Deepwater hydrocarbon assets.
Offor may choose a slow path to the promise land and a higher sales price with an Eland Oil -ERHE merger in the long run.
Just My Opinion, so please conduct your own research into the Possibilities.
Sneak
Erhe to get share of production property from Starcrest via the MOU.
SEO will be back in the Saddle.
Eland running production well.
Just my opinion, so please conduct your own research as I could be wrong.
Also, this board was very quiet until someone purchased 20 million shares and most thought that was a very poor choice for that individual and those who have been holding and adding to their position overtime.
Only time will tell.
Sneak
Kosmos is not the only company opining for ERHE'S hydrocarbon assets.
The Exxon Tiger is on the Prowl!
Just my opinion.
Sneak
Do not miss the New Years Celebration!
ERHE admission shares are still available!!
Get them while you can!!
Just My Opinion, so please conduct your own Research!!
Sneak
Kosmos will be finding out soon that the Political Wins that Rule the Region will be stacking up against their illegal endeavours against ERHE involving block 4 of the Sao Tome EEZ.
Kosmos needs to Pony Up if they want block 4.
Nigeria Rules the Roost When it comes to Oil Exports from the region and thus the Political Influence that goes with that Agenda.
Just my opinion so please conduct your own research as I could be Wrong.
Sneak
The Chrome Group is doing just fine, however the Chrome Oil Services division has been shuttered because on no Nigerian Government oil services contracts have been award to them.
It would seem that the "FACTS" have Confused the "Fake News Masses"!
They should be suspended from posting for one month without Pay just like Little Brian Ross.
Wealth Rewards the Risk Takers!! Just another fact the "Fake News Masses Fail to Realize!!
Please conduct your own research as I could be wrong.
Sneak
Nigeria spinning off 46 marginal hydrocarbon blocks in early 2018.
Starcrest hopes to capitalize on this spin-off.
Could ERHE to tied up in the mix? HMMMMMM!!!
Just my opinion so please conduct your own research!!
Sneak
The Mother Load of Hydrocarbons may just reside in block 4 of the Sao Tome EEZ.
Kosmos is having to resort to Strong Arm Legal Tactics in order to scare ERHE shareholders and Management into excepting less than what the Market will offer for this Block.
Kosmos must remember that the African Governments Run the African Oil Industry and that my friend is a fact of life. As this endevor enters the Political world of African Politics, I am sure they will come to there senses and decide to make an offer suitable to all sides.
I believe it was Kosmos that request that ERHE give it the "First Right of Refusal"
Just My Opinion
Sneak
The facts are that the Kenya block 11 contained 14 targets with about 650 million barrels of recoverable oil.
However, it would seem that block 11 suffers from the same situation that the JDZ blocks suffer from and that is multiple targets with low yields.
Big oil companies are not interested in developing hydrocarbon targets with low yields as the life cycle of these targets do not warrant the capital investment in these targets.
ERHE has been working on a deal that would benefit the company and thus shareholders long term, however that seems to be on hold as Kosmos and ERHE lock horns over the value of EEZ block 4.
ERHE maintains that the agreement signed with Kosmos was not exclusive as ERHE has shopped the block much to the anger of Kosmos.
Kosmos has hired some big gun lawyers from Texas and ERHE has hired big gun lawyers within the Nigerian Government.
As this case heads to court with overhanging political influence, all bets are off as Political uncertainties are surely abound.
Just my opinion, so please conduct your own research.
Sneak
Could the Big "E" be in Play!!
Sneak
Chrome Oil Services closed the doors in September 2017 as SEO could not secure further Government contracts to repair, rebuild and upgrade the hydrocarbon properties that the Nigerian Government controls.
Please do not confuse this subsidiary of the Chrome Group of Companies as Chrome itself.
Starcrest is a subsidiary of the Chrome Group of Companies and is doing well in its partnership with Eland Oil through Elcrest.
SEO may be have closed Chrome Oil Services, but it does not effect Starcrest and it's partnership with Eland Oil.
Please conduct your own research as I may be wrong in my long term view of ERHE.
Let's Go Pete!!
Sneak
First is Fake News Dossier as tt has nothing to do with SEO, Chrome and Star-crest Energy.
Elcrest is ahead of schedule developing OML-40 and they are producing more oil than they first thought was possible.
All lights are Green for and ERHE - Star-crest deal whereby Elcrest may become EELCREST
Just Saying, so please conduct your own Research as I could be wrong.
Sneak
No, only those who feel insecure in their own investment strategy.
That means all those who publicly complain about the results of what THEY chose to invest in.
It is no one fault but THEIR own
Blaming Peter and the ERHE management team is like blaming misspelled words on your Pencil.
I wish the best of luck to All the Longs including myself in this investment who have chosen to wait it out!
Sneak
One should never worry themselves over the possible loss of such a Peevish amount expendable Capital.
On the other hand, the loss of this Peevish amount of Capital could signal a death blow to your investment strategy
Just saying, that is the Way I See It!
ERHE on the AIM may just become a Possibility.
Sneak
Like I always have said, The SEC does not give a Hoot about Penny stocks.
No Tax Liens are recorded, No Contractor has filed a Lien for Non-Payment of debt(s) owed by ERHE to others.
Just business as usual for ERHE and Its Management Team.
Some here are quite confused by trying to compare the standards that regulate the S & P 500 and the Lack of standards that regulate the Penny stocks and that is a fact.
The reason the SEC overlooks Penny stocks violations is because they rely on fines to collect money from violators for their efforts enforcing the regulations and most Penny stocks lack the proper Capitalization.
The SEC has Bigger Fish to Fry!
This is Just the Way it IS!!
Let see how this All Shakes Out!! (the MOU that is)
Sneak
Is it Tick Or Treat?
Only time will Tell... Tick-Tock, Tick-Tock!
Sneak
No Flat Lining for ERHE.
LIFE line coming to ERHE.
Just the way I See it, so please conduct your own research as I could be Mistaken.
Sneak
oldoil: The MOU was signed on the 29th of April 2017 and thus, ERHE entered into a 180 day agreement to hammer out a working agreement that benefited both Starcrest Energy and ERHE. the starting date for this contractual time frame began on May 1 2017.
Just for anyone's 411, ERHE did not get accepted to the AIM market on their first try as they had No Revenues from a Working Hydrocarbon Assets and Hence, No Hydrocarbon Assets.
ERHE is for all intended purposes, is the same company Now as when they first tried to list on the AIM. They were, and still are, Purely a Speculative stock play and the AIM would not allow them to list.
However, should ERHE and Starcrest hammer out a Working agreement that benefits both and ERHE ends up with working hydrocarbon assets and proven reserves, They Just could re-apply for and AIM listing.
Just keeping the Record Straight with the HARD FACTS as I see Them!
Some may not like this viewpoint, but I DOOOOOOOOOOOOOOOOOOOOOOOOO!
So please, everyone should conduct your own research as I could be Wrong.
Have a Wonderful Day!
Tickets Please!
Sneak
No shares for SEO. Starcrest will get shares of ERHE after the deal is signed.
Any of the Starcrest hydrocarbon assets for equity in ERHE will take place after the deal is signed.
AIM listing for ERHE to follow.
That is just how I See it. Please do your own research as I could be wrong.
Tickets Please!
Sneak
10-27-2018
The Bus will be leaving the Station, get your tickets while you still can!
Sneak
Could ERHE get listed on the AIM in London?
"You Betcha" as Sara Palin would say!! "Drill Baby Drill"
Could Chrome be Orchestrating this Move?
The Chrome Group of Companies is not Broke as some here would say.
Just Food for Thought. So please do your own research as I could be wrong.
Sneak
Exxon told the JMC that they would like to gain access to block 2 of the JDZ if they could be the operator of this block.
Thank God the JMC rejected their request.
So, one must ask themselves, why would Exxon want to get back into the JDZ if the JDZ only contained low grade bio-methane gas or jokingly referred to as "fart gas".
Some here would have you believe that Exxon never made that offer, but the people who run the African Energy Intelligence Publication say otherwise.
Look it up yourself, it is true.
Have a Great Weekend!!
Sneak
It would seem that the well drilled in Block 11-A may have been a dry well as rated by Cespa. 66 million barrels or less are hardly a Commercial find for a company the size of Cespa.
The SEC stated that the well was a "Dry Well" as reported by Cespa.
The definition of a Dry Well is any well that was drilled had No Hydrocarbons found or the quantities of Hydrocarbons encountered "Non-Commercial in Value". So hence, in either scenario, the well is Deemed a Dry Hole!
Just look at Block 2 of the JDZ, it was stated that it also was deemed to be a Dry Well, Non- Commercial!
So the Question beckons, if Block 2 of the JDZ was a "Dry Well or Non-Commercial" why did Exxon try and wrestle this block away from the New operator of the block Oranto and have the JDZ authorities turned them Down!
Imaging that a small upstart oil exploration company named Oranto has greater respect than the Mega Oil Giant Exxon in the JDZ.
ERHE should be basking in a much better light when it completes the MOU deal with a Home Town oil company Starcrest and possibly a Trusted Friend of Starcrest, "Eland Oil".
Just food for thought!
P.S. My daughter took a 162-lb wild pig and a 110-lb wild pig with her crossbow yesterday. In any event, I was lucky One as I had the chore of clean and processing both.
Have a wonderful day!
Sneak-attack
Just sitting in a tree stand reading the wonderful post about ERHE while waiting for a wayward pig or whitetail deer to cross my path in hopes of some excellent meat for the freezer.
It is All good reading the post that is, but I must admit, the negative post about ERHE is all quite boring!! I mean to say that all the talk of ERHE'S demise it not at all fun as how fun is it to go broke on this investment.
On the other hand, the thought of ERHE gaining wealth and fortune for its stockholders is quite Liberating wouldn't you say!
Have a Great Day!
Sneak
SEO and Starcrest are sitting in the Cat-Bird Seat of the Nigerian Government's desire to spin-off 46 of its marginal hydrocarbon properties in the Nigerian Delta Region.
The Starcrest - ERHE MOU could lead to ERHE gettings it's fingers into the Hydrocarbon Asset Pie in the Nigerian Delta region to sorta speak.
Any deal with the Nigerian Government and Starcrest for these very valuable hydrocarbon assets will surely include Eland Oil to manage them thru Elcrest. It is also a possibility that ERHE could gain access should the MOU transform into a working agreement. Starcrest could then swap a percentage of these Delta Region Hydrocarbon Assets for an Equity Stake in ERHE.
SEO and friends could then bring considerable value to these assets with ERHE listing on the AIM market in London that would benefit all shareholders in ERHE.
Sorry for thinking out loud again, so please conduct your own research as I could be wrong.
Just Food for Thought!!
Sneak
Dr. J, you need a subscription to African Energy Intelligence.
The interview was from early this year.
As far as any reverse/share deal, there are to many variables at this point like how much of any proven hydrocarbons assets are in the deal, how many share will be exchanged for any revenue or % of hydrocarbon assets, how many shares outstanding at the time the deal goes down.
Please be advised that all of the above is simply trying to connect the dots as BB would say from what Peter stated from the first AIM listing failure. This scenario represents the best way for SEO and his friends to monitorize the ERHE'S assets and have those assets managed by a proven Hydrocarbon upstart like Eland if they merge.
Just how I See it, so please conduct your own reseacher as I could be wrong.
Sneak
Dr. J, Pete stated that ERHE could not list on the AIM market in London before as they had no proven hydrocarbon assets or Cash flow from hydrocarbon assets.
Pete made this statement while being interviewed by the AEI publication.
The MOU with Starcrest may in fact do just that.
This is just how I See it, but please do your own research as I could be wrong.
Thanks for asking.
Sneak
Dr. J
SEO and the Chrome Group of companies are working very hard trying to breathe some life into ERHE with an asset-share swap and a possible AIM listing later this year for ERHE.
Please conduct your own research as I could be Wrong!
Sneak
MOU with Starcrest is T-30 days and counting!
Krom's statement is very interesting indeed!
Starcrest has Money, No way, say it is not So!!
Could ERHE be getting proven oil reserves and hydrocarbon money.
Could ERHE be Seeking an AIM listing in London?
How could this be? No money, No leadership, No definitive direction is what we were told repeatedly over and over yet again day in and day out!
HMMMMMMMM!
Just the Way EYE See it, I could be wrong, so please conduct your own investigation and research into the possibility for ERHE going forward!
Sneak
Well, another day passes in the ERHE Saga and Yet no news about the MOU with Starcrest.
There are only 32 days left before the MOU is Up. (6 month agreement signed May 1 2017).
Will we here an update from Peter and his management team?
Will we read about it in an Oil Exploration News Publication?
T-32 days and counting down to the Final Option left for ERHE.
Could ERHE be Sold for its Hydrocarbon properties?
Something maybe going on behind the scenes as no debt collector as filed a motion in any court as far as I can see, so This DOG may still Hunt!!
Have a wonderful weekend, especially DG!
Sneak
King, I only get one post a day, so, that last post about Mellows concerning Cespa, this does not look good for any continuation in Block 11A with ERHE.
I wonder if ERHE will back out of the block as well or will they get Cespa's share of the block back?
Also in closing, thanks again for your thoughtful wishes during IRMA.
Keep up the good work sharing any news about ERHE regardless if it is good or bad for investors.
Have a wonderful day.
Sneak