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What i don't get is the fact that phase 2 gives them 2 years to drill one well in each block, so even if they committed to this they would still have 2 years to analyze some more and drill and how much is it going to help to keep analyzing anyway! If they can't make this minimal committment then just give it up and i hope the jda stands up to them. Maybe they just don't know what the hell their doing or they are trying to starve everyone else out, including us. Hell, even cvx committed to their phase 2 before they left.
Ice, sorry i meant the news of a possible extension being the impact, not you selling. So the post wasn't directed to you!
So does this have an impact on the stock monday or has it already been priced in. I know antother extension has not been granted yet but this news sucks! any thoughts anyone!
At the time of the last extension i thought we were told by erhe that snp was ready to move to phase 2 with the their support, and now their asking for another year! what a crock! and also didn't someone from the eel board post a few weeks ago that snp had asked for another year and it was debated on this board as to wether it was the old extension or a new one. So it now looks like someone new about this weeks ago from eel and we get nothing from our management. What the hell do they need another year for and if they get it our management better get creative because at this point things are not looking good!
I hope they tell snp to hit the road. I think quite possibly neither them or addax knew what the hell they were doing in the first place, i don't see how if they left it would do any more damage to the shareprice then has already been done, but then again i could be wrong! this sucks!
Only problem is that it could be a couple of years before they start drilling again unless total gets involved and decides to drill something when they do block 1. If china needs oil so bad why the hell don't they get on it and aggressively start working the jdz to prove it up!
Sneak, why you and others stand behind pete is beyond me! for he has done nothing of what he's said, and our shareprice is dead!
Man, talk about a little ass kissin! They talk about how fast and under budget they did this well maybe thats why the results weren't great!
Sneak, what makes you think we may get 15%. Peters private placement was for a lousy 2 mil! A far cry from the 50 that was authorized or that would be needed for the 15% of oml 40. So are you thinking he's now going to raise the rest by giving away shares at these low levels to buy into oml 40. If this is true maybe that explains why the shareprice has dropped. Personally i hope they trade some jdz or eez percentage for a slice of 40, that could work out nicely!
Dat, the big question is whether or not eland is tied to seo which has been rumored to be, and if this is the case why would he assemble a good management team with supposed good financial backing and go acquire a property when he could have done this for erhe. To me it would have made sense to throw this effort into erhe and move this company forward instead of watching it swirl the drain, we all realize this could take way longer to play out and for seo to get his price for the assets so why not help it along, 43% or not, he could still make alot of money! If it's true i'm sure it amounts to nothing but pure greed, who knows! I just wish something, (anything) positive would happen soon to re optimize me and restore some lost confidence in this investment and i'm sure that goes for many others as well.
Has anyone found anymore evidence that seo is also the one behind eland oil as been rumored, and if so why wouldn't he hire these guys since les blair is already on the board, to run erhc and try to build this company instead of starting a completely new company like eland with real oil professionals to go out and make an acquisition such as oml 40 when we're the one's that have been trying for how many years now to diversify according to peter. If he is the one that put eland together with supposed financial backing from some big boys from the uk and such, why couldn't he gain more by doing this with erhe. I would think just having elands guys running erhe would do wonders for the company on top of the assets we already have, so unless he just wants to flip these assets like some still think is our destiny, none of the above makes much sense to me! any thoughts
Yes it is pathetic, erhe is the one that has been so vocal about an acquisition and here offer goes and acquires something with his other company, also didn't barry morgan state that eland oil also belonged to offer! If that is true and we don't get anything from this deal i would have to say what a crooked crock of crap!
So what will tomorrow bring, someone has definitely been unloading some periodically for a while now and not much buying! Man we need some answers about what the plan is! I think this is slowly killing me.
Amj, we have now read several articles referencing the erhe, eland, starcrest tie in to oml 40. I wouldn't be surprised to learn that peter was not being completely honest to that reporter when he said we were not interested. If we infact end up being a part of it when it's awarded, if it's awarded it will be just one more thing peter has chosen to not be honest about, he could just as easily told the reporter he couldn't comment on it.
It seems like over the last few months every 5 to 6 days volume increases as it appears someone is unloading then volume tapers off for a few days as the shareprice does nothing, then again increased volume and the shareprice sinks a little lower. Anyone else notice this pattern.
Yes, it is a disaster but please don't blame management or a few on this board will come out swingin in support of peter and crew and please continue to be patient for we are poised for growth! How about another interview peter, it's doing wonders for the shareprice.
A whole extra year time frame to get listed on the aim, now thats what i call gettin it done! great job peter
Probably not, as the shareprice continues to slowly erode! MO
Tob, i never said it was helping anything, i just don't think it is the cause of the defective shareprice! I truely believe the cause lies with the much uncertainty about how this plays out and the fact nothing new has transpired in quite sometime, which leads to nothing but speculation and we need more than that at this point! MO
The talk on this message board has very little to do with the current shareprice, it's simply because their is no clear path for this company, all those things peter said they were working on in the last update are the same things they've been working on for the last year with nothing to show but less money in the account, it's the uncertainty of where we are in this mess and no clear path ahead! If they intend on growing the company, make something happen, it's been eons since we have recieved any type of positive news, this is why the shareprice sucks~! MO
Of course TOB, it's everybody elses fault that the shareprice sucks! I had forgotten that their's no correlation between poor management and poor shareprice.
Tob, alot of what is said about management holds water! People who have been here for years waiting for some sustainable growth and stock appreciation are tired and frustrated. Management has said they were going to do this and that while we wait for the jdz to progress and here we sit with alot of questions and a .16 cent shareprice. Bashing should not be confused with deserved criticism! MO.
Another steller day for the sp, lets give peter and crew a raise!
Homeport, So what does the second article mean, that this was all just a big scam on shells part and that no blocks will actually be sold! anyone
Bmu, yes he did make the statement that we did not bid do to the fact they were not ready or the timing wasn't right or something to that effect. It might have been in that last interview he did!
Sidewinder, is their anyway you could try to get clarification from the poster on the eel board as to what was meant by his post. either old extension or new, would be appreciated if possible. thanks
Side, never accused you or anyone of trying to manipulate the share price, all i said was it should have been clarified before posting as to not cause anymore confusion and unrest than we already have with this company and our shareprice. More confusion is the last thing we need, management gives us plenty of that.
Jmo, but i think it would have been wise to clarify what was posted on the eel board before posting it here, it should have been relatively easy and has anyone attempted to do so.
Ach, you mean the drilling results?
Mid, the post is funny however the content is sad but true!
Anyone else finding it odd that with such an important deadline just ahead that this stock is just plain dead, i know we may not hear anything for several weeks but still i thought we might see a little enthusiasm. kinda odd!
Also the fact that peter has been screaming about how badly erhe needs to diversify and were looking into this and that for how many years now and now two people connected to erhe may end up with this property leaving us once again with nothing but talk from peter. It may not be the greastest asset but even a small percent would be something. Yes i could see this being a conflict of interest!
Maybe offer partners with eland through chrome or starcrest and then turns around and slices a small piece off for erhe, then everbody wins. any thoughts
Yes, i'm a bit surprised as well that we haven't seen even a minimal uptick in price as well as some increased volume. Really makes you wonder what the hell is truely going on behind the scenes, we are so overdue for some good news of somesort to restore a little confidence, at least for me!
I surely thought we'd be seeing a little more interest coming into a march, this is as boring as i've ever seen it! I think even the traders have been spooked
Amj, i respect your line of thinking but offer may be much to greedy to accept what the report shows or he may still want more money than is reasonable for what the report shows! or even worse maybe the report is not good! Any number of things could prevent this outcome from happening and i doubt snp will give in easily. I've been in the camp of thinking and wishing this would play out as such because their are many things that point in this direction, but i'm not so sure anymore or at least of it happening any time soon.
Amj, so you still believe a buyout is the only plausible scenerio. Most would probably agree and hope, but offer most likey will not get anything near his price at the stage we are in. We are years away from knowing what we really have and then factor in the delays and all the other crap and we may be in for a very long wait. This is not a comforting scenerio given how much they spend!
Yea, and if true i bet not one happens and they just fade into the backdrop of more non accompishments. I also take away that they were apparently to busy and unprepared to bid on the shell blocks! Same old crap
That says it all, when our ceo talks our shareprice goes down. Something wrong with that don't you think!
Seek, nice way of trying to polish the turd!