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BB, I hope you realize that even though the transcript of the conference says that the news we seek is imminent, david bovell said during the conference that this news would be given by the end of the year which is a pretty big range of when we could get this news. I have tried to get a clearer answer from keeney but as usuall more babble and poor analogys of when we may get it. So what i could gather is that it could be a few days or it could be by the end of the year, they really don't know! So much for deadlines.
Why would the power point transcript say phase 2 announcement was imminent and then apparently david bovell in person says the announcement may come before year end. It's these types of discrepencies that make them look so bad and add to the frustration!
So how many think snp actually meets the deadline, or just like so many times the date comes and goes without a word or we get some form of delay! Hope we get something positive soon, we need it.
So, what's the general consensus out their that we get any favorable news between now and the 15th. anybody!
All i'm saying is if erhe had contracts with both P.N. and david bovell and business was going to continue as usuall why not give them a new contract to at least in theory guarantee them employment instead of changing it to month to month which gives the impression they won't be needed much longer.
Mid, a renewal of a contract means they are guaranteed of employment for 1 year, 2 years or whatever or if the employer wants to lock in their employees because of their great performance. If they had a contract that was for 2 years and they planned on being around and were happy with the performance of both P.N. and david bovell why not lock them in with another 2 year contract. maybe nothing, maybe something
Mid, give us your opinion on how this thing will play out, more drilling first, then maybe a buyout. will we see production? What will happen in your best guesstimate.
Mid, Balance may not be right in his opinion but he does back it up with a lot of logic and research not just fly by company will be sold posts, granted their are some things that you would think would have to be completed before a sale or at least a legitimate value placed on what we have, but who knows maybe offer is just best case scenario valueing our assets and this is a price he could happily live with and if their is a taker at what his price may be i'm sure their already involved in all the eez goings on that involve us. Hopefully we get a clearer picture soon!
Balance, right or wrong, always appreciate the thought and dd you put behind your posts. thanks
BB, any new thoughts to share! thanks
They have 2 years to drill one well in each block, lets hope they are aggressive when they let us know their plans or it's gonna be possibly much more waiting, and i for one am sick of waiting!
2IRAS, Most of the stuff on the aim listing is the same stuff that was in the last update, they just broke it down into questions and the parts on the jdz has been their for some time! nothing new really.
Krom, without giving up names, is this someone who has posted on the board before and if so do you regard his postings as being somewhat knowledgeable!
Good man, can't hurt and let us know if you get any response. thanks
Krom, why don't you get in touch with guy that gave you the info and ask him to clarify what he meant, then maybe you can judge as to wether the info seems legit or not.
Exactly, what would be the point of a new report if they did not expect something positive to come from it! I asked keeney a while back if it would include all the info gathered to date, he said he assumed it would, so lets hope it at least reveals something more positive than what we've learned so far.
So, will the new nsai report give us actual reserves or just a recalculated idea of whats there. To anyone, thanks
Maybe management is handeling some of these issues so poorly intentionally! For what purpose i don't know, but it surely is not to our benefit or so it seems.
What about money they should be getting for some of their 2 eez blocks, i would think this should bring in enough cash to use for some other related eez expenses and maybe even some small marginal field investment, and also what has happened to the eremor field and the well test company!
I thought we hired strand hanson to help with the aim listing.
Some people keep talking like erhe is moving lock, stock and barell to the Aim, but it is my understanding it will be nothing more than a dual listing.
Mr. Querio you are correct, that is exactly what would happen, I just thought it would be worth asking. If their is anything positive you could share it would be most appreciated by most on this board. I know it's a long shot but can't hurt to ask. thanks
Mr. Querio are you a shareholder of erhe or thinking about becoming one! just curious. thanks
Any idea if mr. Querio might own any shares of erhe.
Hey vance, if it truely is you could you please spill the beans on the drilling thus far, we promise not to tell anyone else or where we got the info! thanks
The obo1 well was said to have about 80mbl oil plus the gas and wasn't it drilled close to the edge of block 2, if so how could their not be oil in these other blocks! just an opinion though
Didn't cvx commit to phase 2 in block 1, and does anyone remember how long they have to fulfill their commitment.
So when are they hoping to do the aim listing, is it soon or by year end! I'm not clear on this. thanks to anyone
If doing the aim thingy would be good for the stock price and drawing in institutional money, an other things as well, why are they giving guidence that it will be before year end, why not do it now, or does it take that long for the process or are they simply waiting to see what happens in september as to wether we move to phase 2. Any thoughts.
Try, we've heard alot of things, contradictions all over the place, things from various source's, erhe couldn't even varify the extention part of what eel said and eel also seemed to have a little more well info than we supposedly have. I'm not calling anyone a liar but do you really know for sure that what was said is the gospel. Remember our own peter has said several things regarding results and when they'd be released and so far he's been pretty wrong or maybe he was just lying about it! Who knows, not me or you.
Try, do you know for a fact that they are not with holding drill results or info regarding drilling, i think not and if you do than your steps ahead of everyone else. For many it's not just about results, it's the results issue compounded with some of the things you mention in your post, their are quite a few reasons to be a little discouraged and some are being a bit more vocal than others about it, that's their right and just don't see the need for you to criticize as if your view is the only and correct view of what is going on!
try, please quit driving on both sides of the road! one minute your subtly criticizing management and the way they've handled certain things and the next minute your criticizing everyone else that's criticizing and are unhappy with how things are going. Bottom line, some people are less than happy with the current situation so please just accept it.
Amj, are you going to the shareholder meeting? Although i can't i sure hope that some of the one's that are displeased with the goings on are able to, and to voice how a great many are feeling right now.
The big question is, what have they done to increase shareholder value! just look at the sp. thats the gripe
That's absurd, if they can't take come criticism, they shouldn't be in a management position!
It's probably nothing but i do find it a little odd that keeney would even bring up the material event thing and like amj pointed out he said will issue instead of would issue, and again why seek legal council as to whether or not they should webcast or not. Also in that article that was printed about the shareholder meeting being about nigerian investment or something of that nature i thought it said they moved the date out another week in order to prepare for the meeting, why the need for that extra week if this is to be a typical non event meeting. I'm sure it means nothing, but thought i'd throw it out there
Dat, did you mention to keeney the part about the material event, 8-k thing or was this something he brought up on his own in his response to you. and since when do you need to get legal advice for a non eventful shareholder meeting. just curious, thanks
Was the last shareholder meeting webcast, i don't recall.
Sure wish mark would let us know if he's talked to his sources lately and what has happened to all the news that we were supposed to be getting.
Strass, your spot on with that post, i've posted before that this company can achieve great things but if it's not reflected in the share price it don't mean diddly! that's the only way we little people get our reward and to date frankly it sucks, and if you can't hold management responsible, who can you!