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Red, his latest source quoted between 2 and 3tcf for all 5 wells, which if accurate does not seem to be great initial numbers, better than nothing but not great, and thats why i asked why no mention of oil to go along with those gas numbers because that makes a potentially big difference in the final numbers and to whether it could be deemed commercial or not.
I do agree that the jdz as a whole will be a huge success at some point, I'm just concerned about the initial showings which at this point we need to bolster shareprice and confidence. I also worry that if the showings aren't really good, it will make a big difference in how exploration moves forward, I like many don't want to wait x many more years of uncertainty to see this through. I think we need very good results or the shareprice will not respond, i want to see some of this potential reflected in the stock.
Other people have mentioned oil, as well as some printed articles and pr's have also mentioned oil or other hydrocarbons were found in expected quantities but everytime spp talks of what was found only the gas is mentioned, if he is simply repeating what he's heard, okay but i find it odd that the sources he quotes only mentions the gas. And if what he's hearing is true, it sounds a bit disappointing, don't you.
SPP119, so according to this post only gas was found! We've heard from a number of other posters that some oil was found as well, why no mention of anything other than the gas?
BB, thanks for the well thought out response!
Mark and BB, if your out their, how about a good jda update to cheer us up! and BB would like to hear your thoughts about this lousy share price and whether your still feeling the same about how this will play out! thanks to both if you can respond.
I agree, this has been down about 18 of the last 19 trading days, sorry but that is not normal trading.
Yep could be anyone of those things or just plain frustration and the fear of the unknown.
Would info that was gathered from the obo well be useful to them in this phase of drilling thus not making it total virgin territory and helping with the analysis. Just a question?
If its new assets their would be no halt and without all the details we just don't know yet, according to dan they are still angling for a new asset listing but the reason they hired the consulting company was to help them decide which would be the way to go. But as of yesterday they still don't know what the hell their going to do so i think it would be premature for people to anticipate a halt, but who knows.
I sure hope i'm wrong but i have to agree with you, someone or a few have been methodically dumping for a while now, even as some keep pointing out the positive things that should be taking place in the not to distant future. Either some have just had it or someone knows something, Even though volume is not huge it still doesn't make sense!
Maybe management isn't allowed to tell us that either!
Retep, looks like it worked, i'll crack the whip again in a bit!
The selling continues and doesn't seem like many are taking advantage of this unbelievable buying opportunity. Where are the guys that seem to have endless funds to keep buying, come on and step it up. This really sucks, short term or not we've lost all momentum we had while drilling was going on.
Mike, i respect your thoughts and i fully agree that their are many positive clues and signs of good things to come, but we have been using the term soon for way to long, i myself have been here for 7 plus years and to put it in perspective the share price today is just 2 cents above my first purchase 7 years ago and i do not trade, maybe i should have but i always thought i might miss the big news because of the word soon. This company has accomplished many things since my first purchase and yet the shareprice languishes, with that said the company can achieve many great things but the only thing that truely matters to us regular guy shareholder is the shareprice. This is the only way we benefit from any of this and as yet it hasn't happened, but like many others here i will keep holding and hoping that something positive takes place that truely gets reflected in the shareprice and i do hope it is SOON!
Alot of people have quit posting it seems, I think everyone is tired and frustrated and just nothing new to add, but would like to hear if he has anything new.
Any guesses as to what the stock does this week. 10 straight down days, you would think it has to turn soon, unless of course there's more to it than we know!
Exactly midtier, let us know they're fighting for us shareholders and letting snp know what a huge deal this is for us and at bare minimum pin them to when we can expect them, if they intend on releasing them they should be able to ball park it a little more accurately than what peter did. I don't think it's to much to ask management to at least make this effort and let us know that they have done so.
Very nice, i too sent an email a couple of days ago asking if they could at least try to pin snp down as to a possible results time frame and also about the vague pr's. The response i got was he would forward my concerns to management, which will probably go directly in the trash bin. I expect you'll get a similar response but let us know. thanks
I was thinking the same thing, why bother to pr something if you really don't know what your doing yet. Distraction maybe!
And the selling continues! nice
According to dan, at this time they do not know what direction they are going to go as far as the aim listing. He could not tell me if it would be a seperate entity with new assets or a dual listing of the erhc we have today which includes the jdz,eez assets. He said they are just beginning this process and they are looking to the advisement company to help them determine what is the best route to take that would benefit us the most. So at this time they either don't know yet or they do know and they're not ready to tell us, which wouldn't surprise me.
Angry asian, i'm still in that braced position and i'm startin to cramp up! Where's that earth shattering news that was supposed to rock this thing, just curious!
Try, i did email keeney yesterday about a few things, he said he would forward it to management. He did not answer himself.
They need to clarify if it is a dual listing for erhc or a new entity. Don't really think thats to much to ask.
If the aim listing is for a new entity with new assets, erhe as we know it today will remain as is, trading right here as we are with the same share structure as we have right now. You can't have a dual listing for erhe and still have the aim listing be totally seperate with their own assets. It seems everyone is combining the two but it has to be one or the other. We list on both exchanges as is or the new company is on the aim and doesn't impact what erhe is today. IMO or i'm very confused.
I may be totally confused here, but how can you dual list erhe energy as we know it today and yet have the aim listing be an entity in its self with completely different assets, it would have to be erhe stays as is with all the assets we have and lists on the aim as one company with a dual listing or spin off this new company with the new assets which really wouldn't have an impact on us because it is a seperate company with it's own assets and would trade totally seperate from us, and if it is a seperate company how really does it enhance value for us shareholders unless they issue shares to us current shareholders in the new company. what am i missing here.
I really wish when they put out these types of pr's, they would be a little more clear as to what they have in mind. It seems we're always left to ponder the possibilities and left to figure it out on our own. I appreciate the communication but it just seems to lead to more questions and wild speculation.
Volume, though relatively small has picked up the last four or five days and we are trending lower. Like some have stated it doesn't make alot of sense, everything we've heard so far points to at least a little success in the drilling campaign, and even if it's just traders i still don't get it. Personally i think a few are getting fed up and nervous. I just wish something very positive would happen soon. We deserve it and we've been plenty patient! come on man!
At this rate we will be at .30 by the time any news comes out so we should get a nice pop to about .60 if we're lucky! Today is just one of those days that i'm extremely discouraged by this pathetic share price, and i know there are others that are with me on this.
It also stated in one of those AOG headers posted a couple of days ago that the obo in block one contained 80 to 100 mb plus about 1tcf of gas. Don't know if anyone noticed that but that's why i was asking using these numbers. thanks
If they were to find 80 to 100 mb of oil in each of these wells plus the amount of gas we're hearing about, could they string these all together to produce and would this be enough to consider it commercial, and also would it be cost effective to do this if the wells do not contain more oil than this. I know this has been talked about but i'm not quite sure what the answers are. thanks to anyone that can answer!
Everyone is probably laughing at us on this board because we're probably the only one's that don't know! just kidding of course.
I'm sure they have source's for their info. I'm sure their are ways to get such info if you know the right people.
Strass, 1tcf = about 168 mboe, so 5tcf would = about 840 mboe in the 5 wells drilled plus any oil that is also discovered.
No, i would rather hear the hopefully good news in a reasonable amount of time, not when it is convenient for them to release it. At this stage we do not know what snp has in store as far as we are concerned, we don't know if we'll be involved with them in the eez, we don't know if they want to buy us at less than what may be termed as fair value. Their are others involved here besides snp that would benefit greatly by getting results in a timely manner, (providing it's good of course).
So then it looks like snp will keep a lid on things until everything falls into place concerning their big plans. Looks like their playing this to their advantage, just as many have suspected might happen! so god knows when we may find out anything.
Try, i agree 100% with that pm you sent, it sums up exactly how i feel and i've been in this for over 7 years. I couldn't respond privately. thanks
Try, i brought this point up in a post right after the pr was released and about how odd i thought the word hopeful was to use, and the fact that we all know more drilling in phase 2 has to occur and if we are still intact as a company we would have to be involved. Unless of course we will not be around for phase 2.
How positive are people going to remain if when they release findings they don't give us the info we all want, such as the word commercial or anything related to reserve estimates. What's next if this eventual pr turns out to be a dud. Most everyone seems to think we will get all the info we need to finally get the shareprice moving, but if their is a poker game going on i'm just not to sure about what to expect. We seem to be let down quite a bit with these lacking of true informational pr's. I'd like to hear some other opinions about this.