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Still dumping going on at this low share price, unreal that we have fallen this far!
Does anyone know if they found bio gas as well as the oil in the obo well.
Krom, if peter were to become an ex employee of erhe, i don't see how erhe could be held liable for what he does or says regarding any of erhe's dealings since he would no longer be associated with the company and it's binding contracts. And at this point who would deem his information credible anyway (good or bad)! JMO
Good post, and if we don't get anything positive news out of block 1, I think we're really gonna be hurtin!
Lets see if what bovell said actually gets accomplished in said time frames or at all, that's part of the problem here, the lack of confidence in them getting it done, not just talked about. Everything they've mentioned to us in the past outside of the jdz has not come to fruition. Personnally i bet the end of the year rolls around and we'll still be sitting here guessing at what is truely going on. I pray that i'm way wrong on this!
When are these guys gonna understand that we need positive action to help restore credibility, no more talking! they've had enough time to alter the plan a bit since drilling did not turn out so well (supposedly), and act on something. This business model they've come up with aint workin so well! time for action.
Amj, you think some crooked deal to buy erhe cheap is in store!
IT was in the presentation they gave this morning.
2iras, where do you get that part about negotiations with exile and news soon, is that just your interpretation or did you actually hear it, because it's not in the slide show. thanks
Almost 2 months since our last update, the year is almost half over and here we sit at .10 and still seems to be trending down. This management team has accomplished not one thing since drilling took place, and now with the endless delays and unaccomplished supposed goals we sit at these lows. purely disgusting! just can't shake the uneasy feeling all is not right here. just venting
Maybe this has something to do with what africa gold was talking about, But i doubt it's for anything related to us.
Obo 1 supposedly held about 80 mil barrels and they found 0 in our 3 blocks! Who the hell is playing us, snp or our own management or like i've said before maybe snp just didn't know what the heck they were doing! I think we're being played
Sneak, isn't it the job of a good ceo to come up with solutions to adversity that may be facing his company, and is it not why they get paid the big money. They should not be getting paid well if they cannot lead and perform in times of despair!
Thanks king, just as i thought, probably many years away to see any kind of exploration which means being no better off than we are now with what we already have in the jdz,eez. This in its self goes against everything peter has been preaching about acquisitions close or near to production, but if they somehow throw a merge with exile in the mix then it might work out well. Again though, i doubt any of this comes to fruition. Just more time and money wasted chasing these aquisitional ghosts!
King, i wonder if any of these areas have been explored as of today, would be interesting to know how long it took from awards to exploration or even development, or if even much has taken place since the awards and what was discovered if anything. Of course i'm sure it won't matter in the end as i'm sure this is just another waste of time effort with no end result, to make it look like their trying.
thanks for your dd!
Why would they bother bidding on property that is probably light years away from any exploration, just like the mess we're in right now with the jdz and eez, if they do anything at all it needs to be something that can show a return on investment rather quickly. I surely wish they could accomplish something, anything positive for us near term that could restore some sense of credibility to these guys running this thing.
Blocks 2,3, and 4 were previously extended 6 months and then another 6 months from march of 2010 to march of 2011. We have received word bl 2 has been given an additional 1 year which i'm assuming will be up in march of 2012 and we are waiting to hear about blocks 3 and 4 and if they get extended they to will be from the march 15 deadline we had previously. Not sure but you would think this is how it would work. Block 1 i think is starting phase 2.
Mromro, in your response to me about the jdz, do you mean snp and addax had no chance to find oil because of their lack of ability in finding the oil, or the fact that you think or have heard the jdz just doesn't contain the oil. thanks
Mromro, would be interested in hearing your overall thoughts on erhe and the jdz,eez moving forward, if you have any! just curious. thanks
So, i wonder where they came up with that caption for the story, you know, the unenthusiastic part. Sure makes it sound pretty grim!
There are some that continue to look for anything positive in this dismal time and i do give them credit, But as hard as i try to do the same it is definitly getting harder and harder. It just seems nothing is going our way and regardless of what some say, management is to blame for some of the situation we are in at this time. jmo
I think like many others have speculated that Peter was put in charge to baby sit, and i think they thought after the first round of drilling opportunities would begin to present themselves, giving the company options about it's future. That obviously has not been the case (whether we're being bs'd or the results truely suck), the fact is we have yet another delay and we are stuck in nuetral blowing money with nothing to show for it! So it's time for that plan B of growth and risk diversity, which they probably never truely had but tried to convince us they did. It's time for peter to execute something positve for this company and it's shareholders or the bod needs to step up and get someone who can! much like hdy did. jmo
They certainly need to accomplish something positive for this company and it's shareholders soon, to restore a little faith that we are not going to get hosed somehow. By snps apparent stalling in the jdz and this companys poor communication skills on everything we're involved with, including the lack of accomplishing other said objectives does help to create an uneasy feeling about what could possibly happen.
Julius, maybe you could ask dan why the extension for another whole year if they are still enthused about the jdz, new prospects or not. You would think they would want to get back in there and prove this thing up or determine it sucks and move on. If their waiting on total to drill block 1 why can't they just tell us that.
So, basically nothing really to look forward to near term! Almost summer already and still no definitves of anything going on.
Degen, go to the bottom of that chart and switch from dryhole to the discovery tab then it shows it is the jdz on those lines
Ok, thanks! So based on what he told you today does that mean they are drilling in block 1 right now or am i not understanding correctly.
Africa, so what about the well you reported to be drilled in june or july and for what block. thanks
Rodman renshaw, just take a look at erhe. Ever since they used them for a private placement the stock has been absolute crap. Looks very similar to what is happening here! jmo
Umbra, yes i will partake if my schedule allows, i still work full time and i may be busy during the call!
Is anyone planning on trying to get some concrete answers out of these guys through the conference call, or are we just gonna get to listen to the same crap thats been in every update for the last year and a half! just wondering.
It's not going to be very soothing if they just keep repeating what they've repeated for the last year with no definitive action in site. That's why the majority are angry to begin with!
Africa, did he say anything more than that, like what block etc. or just that they were drilling one well in the jdz. thanks
Africa, is there any other info you can share, how reliable the source may be, anything at all would be appreciated by this poster! thanks
Yes, i don't understand why they are hiring and spending more money on the concept of acquisitions when they have talked about it and done nothing for years. We apparently did not get in on oml 40, at this point we don't have the money to pay for anything, some think it's always just been a ruse anyways! So why the hell are we hiring people! Don't get me wrong, if they actually put it to use i'm all for it, but after years of lip service i doubt it's going to change. Just one more guy to pay for accomplishing nothing!
They like to do these shows to pretend their a real oil company and that they know what their doing, but it's not really working and it's costing us money.
Em, we can only pray that we haven't heard anything because snp is trying to get us out of the way before moving forward, wishful thinking i'm sure but i'm overly ready for something to happen. Like i've said before and at the pace things are getting done this could take forever and a day and thats one day to long for me!
Is he improving at all! thanks
Anyone know how BB is doing, AA who seemed to be closest to the situation hasn't posted in a while!
Well said mid!