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During the 1/15/08 CC, Ledbetter mentioned that it takes 8 or 9 months to receive the custom ordered material needed for drilling and they were looking at a couple of months before placing the order. 2 weeks later it was announced they had ordered the custom made drilling paraphernalia. That was, IMHO, a very strong indicator that Addax had secured a rig for 08.
That was from BB. I'll try to find the link where it was stated that the equipment had been odered.
You're probably right, anyway according to Oily there are at least 75 drill ships along with Offor in hip boots and a shovel going at it already in the JDZ. LOL
However the company did release a pr a few weeks ago stating that they ordered the special parts required for drilling...maybe, just maybe the cosmic dice are fallig into place.
My sincere wish is that you are wrong, but look at the bright side; Your batting a 1000 when you bet against Oily's prognostications.
Seems to me BB, that a poster on Raging Bull said that one of the big mucky-mucks from XOM was seen having dinner with Ali Memon shortly after he took that position. Also recall Barry Morgan writing that CVX was courting SEO personnally as to avoid an all out bidding war. This was done directly after CVX had their big find in Block 1, only to be squelched a short time after the announcement.
Real estate as far as I can see. And in real estate, I've always been told its " location, location, location"
My feeling is that there is a collective sigh of relief when he posts, although most of feel that he is pretty much clueless like the rest of us. Kinka' reminds me of Chauncy Gardener in the movie "Being There", saying mindless things like "we plant in the spring and harvest in the fall" Hey then again, has anyone ever seen Chauncy and Oily together in the same room? Makes me wonder. LOL
I believe its in anticipation of next week's conference. Hoping something significant comes out of it.
The decrease in legal fees was due to reduction in required assistance in connection with the Justice Department investigation of the Company, and the decrease was partially offset by an increase in public relations expense of $133,407 from $2,002 in the three months ended December 31, 2006 to $135,409 in the three months ended December 31, 2007. See "Legal Proceedings" in Item 1 of Part II of this report.
Could it be that the DOJ investigation is winding down?
One has to consider these two Oily posts as well. Could he have been talking owning long term capital gain shares for when the shareholders vote during the April 22 shareholder meeting?
His credibility would have soared if he just came out and said those words.
I believe Offor saw this coming over a year ago. I recall somewhere that ERHE warned STP that they were ready to figbt any attempt to strip them of thier rights.
If they order the parts, that puts us in November. Maybe this is the Christmas we have all been waiting for. Sounds good to me.
When and why did Centurion walk away from block4?
Oily wrong?! Bite your tongue oh ye of little faith!! LOL
Just a hunch, but I still think we will be ERHC. LOL
The Company is building on
that heritage and continues
working hard to realize the value of
its assets. ERHC’s common stock
is traded on America’s Over the
Counter Bulletin Board under the
symbol "ERHE."
My hope is that they will explain exactly what "wooking hard" means at the conference call on the 15th
Good one Art!
Good luck to you and your family, your Dad will be in our prayers.
AHH c'mom Alwright will ya? Just belly on up to the holiday bar and drink some of this fine Kool-Ade!
Black gold amigo!
2008? WE MUST BE DRILLING! IS THAT OIL THAT I SMELL?
Have a great New Years all.....especially you Emeka....bring it on home big time bro!!!LOL
Seems like a lot of volume to drop it a penny. Does the market close early today?
Thanks for posting the two articles BB. It's always good, especially with the anemic sp, to focus on exactly why we are invested here. Look forward to a very, very exciting New Year
I am hoping for a helluva lot more than .40.
T'was the night before Christmas
And all through the Zone
The investors were crying
Hey Chevron throw us a bone!!
The scenarios were primed
By Balance with care
We aat on the sidelines
Wondering if Exxon would dare.
Erhe shareholders were nestled and snug in bed
With visions of shareprices of $10 in their heads.
The Department of Justice and the SEC had idictments in place
Couldn't find the files and fell flat on their face!
When out in the Zone thier was a shock and a clatter
We arose from our beds to see what was the matter
We ran to widow and then it appeared
Was a miniture rig with eight small reindeer
With a driver with tassle on loafer
I knew right away it was SIr Emeka Offer!
More rapid then eagles his courses they came
And he whistled and shouted and called them by name
Now Kobi, now Art, now Opus, now Vixon
On Walldog, 0n Homeport on, Oily,on Richan
To the walls to the doors
To the JDZ, blocks two, three and four
To the the rest of Africa, the EEZ, North America and more
With drilling in sight he scoffed at pathetic offers
He roared with vigor and zest
I'll take $50 a share not a penny less in my coffers!
Then shouted as he drove out of sight
Merry Christmas to all and to all a good night!!
Volume and price seem to be moving up. We haven't seen DOMS on the ask in awhile. Would it be asking to much to close at .30 or better by Friday?
Does mitigate this?
From time to time, ERHC may be subject to routine litigation, claims, or disputes in the ordinary course of business. In the opinion of management, no pending or known threatened claims, actions or proceedings against the Company are expected to have a material adverse effect on ERHC’s consolidated financial position, results of operations or cash flows. ERHC intends to defend these matters vigorously; the Company cannot predict with certainty, however, the outcome or effect of any of the litigation or investigatory matters specifically described above or any other pending litigation or claims. There can be no assurance as to the ultimate outcome of these lawsuits and investigations.
Hey we're bak over .20... can you feel the love? lol
Yemonoil at Raging Bull put a $660 pps on ERHE years ago. Would automatically cure anyone suffering from ED. LOL
"It would be like finding Walmart in the 70's or Microsoft in the 80's". That's exactly how the analogy went over 5 years ago when I invested in this stock and the exact reason I am holding onto a boatload of share well below my average. At this point I have more faith then facts which disturbs me to no end. I honestly believe we will see where we are heading over the next couple of months leading up to the shareholders meeting
In other words, too good be true.
Eoim, with all due deference to your expertise on the technical side, would you have any concerns, or comments on the DOJ investigation or the politics of oil in Nigeria? TIA
I still think our ace in the hole is Offer. Chavez screwed American oil companies because the political atmosphere was right for it. I believe Nigeria would have to much to loose to do the same and plus the fact that, for all intents and purposes it is Nigerian owned. Having said that, if big oil wants to screw you, they will find a way.
I would love to know their target pps.
Maybe all he's saying, is that SEO is holding an eel and will unveil his catch. Or does it really matter? LOL
Hey Nick, not enough Kool-Aid? It was a buy all the way! LOL
Maybe its Angry Asian. It ain't me thats for sure.
"The law prohibits bribery by US companies to win business in foreign countries." What do they mean by "win". I thought you win business awards based on awarded contracts, agreements etc. Interesting they announced this after the merger. Maybe this is the reason why so many of these merger rumors regarding ERHE are on hold until the DOJ gives them a clean bill of health.