You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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OLDOIL, There is no $$$ value shown for these assets on the ERHC websites. everyone wants to know what VALUE you give these assets AND WHAT YOU BASE THIS VALUE ON . Maybe this will help you rethink your position and will help all understand WHAT you are talking about
oldoil, PLEASE evaluate the assets, IF YOU CAN. it will help everyone understand what's in your half full glass. right now I don't know!
oldie. please list assets and your estimated value
oldoil, my question to you is:
please detail all of ERHC assets that you believe have ANY value and exactly where value they have?
if oil was $200 a barrel it would not mean squat to the share price of ERHC, since they have no capability to produce any oil and NEVER will have. Every oil related asset they own is VERY questionable.
We are very close to the end of trading Erhc
When(if) the next filing comes out will likely disclose the final days of Erhc. No money, huge debts, no income, questionable assets with little or no value. Trading at $0.0001 for about a year and no more authorized shares.
No hope in sight, sell at $0.0001 if possible!
Concerning the “weed” stock, did you buy “high” or are you just getting “small” like Alice when she was ten feet tall?
Middy, my guess is that there will be nothing forthcoming from ERHC. PN/S0 are not being paid anymore and have no incentive to do anything! PN has most likely left Houston as he no longer has a home there. It is very likely he has left the US. He has not surfaced or been heard from for many months. He has no monetary state in the game as his shares are not with $100!!! Why would (or should) he care. This game is over for him and he will likely leave the mess he made for someone else to clean up. (Likely the bankruptcy court to assign someone.
I only wish he was hiding under his desk so he could be flushed out and face the music (even if the song is by Don Meredith singing “Turn out the lights, this party is over”
Ps except, so nice to hear from you. Hope you have many more HAPPY days alive and well.
Middy, my guess is that there will be nothing forthcoming from ERHC. PN/S0 are not being paid anymore and have no incentive to do anything! PN has most likely left Houston as he no longer has a home there. It is very likely he has left the US. He has not surfaced or been heard from for many months. He has no monetary state in the game as his shares are not with $100!!! Why would (or should) he care. This game is over for him and he will likely leave the mess he made for someone else to clean up. (Likely the bankruptcy court to assign someone.
I only wish he was hiding under his desk so he could be flushed out and face the music (even if the song is by Don Meredith singing “Turn out the lights, this party is over”
you forgot to adjust for the 100 to 1 REVERSE split
$10,000 to $0.0001 is what actually happened
or 100,000,000 to 1
so we need 100 million bagger to get EVEN
SO QUIET, like a morgue. is this the end of ERHC? Actually, ERHC, was dead when the SP hit 1 milray, with little hope of going higher.
Why isn’t everyone buying more shares, you ask? They don’t want to be divorced! They do t want to lose any more money than they already lost. They realize that Erhc is on the verge of bankruptcy. Three good reasons
I checked with Peter and he told me:
"today I sat hiding under my desk in a fetal position. i thought about how stupid I was to no longer get salary from ERHC because I am doing the same thingI was doing when I was getting paid." PN
He then added, no need to check tomorrow as he will be doing the same thing for the foreseeable future.
CEPSA Kenya Limited, an affiliate of Compañía Española de Petróleos, S.A.U. has withdrawn from Block 11A months after the unsuccessful drilling of Tarach 1 well OilNews Kenya has learnt.
Confirming the exit principal secretary in the Ministry of Energy and Petroleum Andrew Kamau told OilNews Kenya that the Spanish explorer withdrew from the block several months ago without offering the actual date.
The company which entered into a farm-out agreement with ERHC in October 2013 was to carry the latter through to the drilling of the first well and thereafter if any significant hydrocarbons were encountered.
The exit could further reinforce earlier indications that Tarach-1 well was a dry well despite a statement by partner ERHC that the JV had encountered two different hydrocarbon charged intervals, the first extending over 100 meters terming the results as [/be] encouraging. A follow up filing to the SEC said that the operator analysis of the results if the Tarach-1 well shows that it did not encounter any reservoirs therefore classifying Tarach-1 as a dry well.
The exit puts into doubt the drilling of the planned second exploratory well , the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels of oil will continue.
my comments: it appears ERHC falsely claimed the results were encouraging while the operator indicates a dry well, another misleading statement by ERHC and grounds for a shareholder lawsuit (which even if successful would not result in ANY money for shareholders (as ERCH is broke)
oldoil, you say you are buying and a 10,000 share trade went through. did you have to pay a commission on that $2 trade?
Most here are just waiting around for the funeral. i doubt PN/SO are even in Houston. if PN is here,I bet PN is under his desk. Wait a minute, does he have a desk anymore?
If this is true (unlikely), How is SEO going to get paid? Hopefully in ERHC shares (if there are any left to be issued). Maybe SEO will work for free!
its hard to have a wonderful weekend when my 2.5 Ac yard looks like a war zone which will likely take a month to clean up. 8 days with no power or water was enough suffering now back to the reality of cleaning up the mess. At 72 i am too old to do the work and hiring anybody good is very difficult. the day workers on the corner want $150 / day and don't want to work (and can't speak English).
That poor sole invested $2,800 that is sure to lose money. Does anyone think it is possible for someone to sell shares at 3 milrays? That would mean the bid would 3 and ask 4. Which is just not going to happen before the lights are turned off. Take it away Dandy Don.
McCain will die in 4-6 months, not one or two years. Would you spend your last days with those morons in Washington? He is really a sick man if he does
IRMA UPDATE, the power company emailed me indicating the power will not returned until at least the 22nd. That means no electricity to run my well, so no water. My 900 watt generator has caused two fans and the fridge to stop running. Don't know if they will work when power returns. So all food in the fridge got thrown out. Decided to evacuate for 8 days (Tampa, San Diego, Las Vegas) as staying became intolerable. The temperature has been in the low 90s with VERY high humidity, with is unbearable even at night. My little Pekinese was suffering as she had trouble breathing in the heat. She is with me on the trip. My only relief was to jump in the pool at the end of the day after working to clean up all the debris.
IRMA UPDATE, the power company emailed me indicating the power will not returned until at least the 22nd. That means no electricity to run my well, so no water. My 900 watt generator has caused two fans and the fridge to stop running. Don't know if they will work when power returns. So all food in the fridge got thrown out. Decided to evacuate for 8 days (Tampa, San Diego, Las Vegas) as staying became intolerable. The temperature has been in the low 90s with VERY high humidity, with is unbearable even at night. My little Pekinese was suffering as she had trouble breathing in the heat. She is with me on the trip. My only relief was to jump in the pool at the end of the day after working to clean up all the debris.
About an hour I finally got a phone signal and internet. Irma decided to visit Naples and like some tourist who visit Naples she left a mess. The eye of the hurricane came through about 5 miles west of my home. Noisy, but I thought it would have been worse. No storm surge, but high water all around, it not near house. I. don't know the wind speed as I have not had electricity, cable, internet, water for 5 days now and don't know what's going on or how the rest of the area was damaged. Hopefully will get full services next week some time. My house had very little damage, some roof singles, some siding blow off, the worst bit was my lanai where about 10 screens broke (40 screen not damaged). My other two screened in porches are fine. The yard sustained the bulk of the damage with 10
Trees down and large branches everywhere, but no damage to my fence except for 5 lanterns knocked off. Clean up will take weeks, and will start when services return. Gasoline is hard to find, but some supermarkets are open.
I have a small generator for the fridge and one can. I grill on the barbecue. The neighbors have been real nice keeping me with enough gas for the generator. Thank you for all the prayers, they worked!
I feel very blessed that I sustained so little damage, but living without electricity, water, cable is getting very old, and I think I have suffered enough now!
About an hour I finally got a phone signal and internet. Irma decided to visit Naples and like some
Tourist who visit Naples she left a mess. The eye of the hurricane came through about 5 miles west of my home. Noisy, but I thought it would have been worse. No storm surge, but high water all around, it not near house. I. don't know the wind speed as I have not had electricity, cable, internet, water for 5 days now and don't know what's going on or how the rest of the area was damaged. Hopefully will get full services next week some time. My house had very little damage, some roof singles, some siding blow off, the worst bit was my lanai where about 10 screens broke (40 screen not damaged). My other two screened in porches are fine. The yard sustained the bulk of the damage with 10
Trees down and large branches everywhere, but no damage to my fence except for 5 lanterns knocked off. Clean up will take weeks, and will start when services return. Gasoline is hard to find, but some supermarkets are open.
I have a small generator for the fridge and one can. I grill on the barbecue. The neighbors have been real nice keeping me with enough gas for the generator. Thank you for all the prayers, they worked!
I feel very blessed that I sustained so little damage, but living without electricity, water, cable is getting very old, and I think I have suffered enough now!
About an hour I finally got a phone signal and internet. Irma decided to visit Naples and like some
Tourist who visit Naples she left a mess. The eye of the hurricane came through about 5 miles west of my home. Noisy, but I thought it would have been worse. No storm surge, but high water all around, it not near house. I. don't know the wind speed as I have not had electricity, cable, internet, water for 5 days now and don't know what's going on or how the rest of the area was damaged. Hopefully will get full services next week some time. My house had very little damage, some roof singles, some siding blow off, the worst bit was my lanai where about 10 screens broke (40 screen not damaged). My other two screened in porches are fine. The yard sustained the bulk of the damage with 10
Trees down and large branches everywhere, but no damage to my fence except for 5 lanterns knocked off. Clean up will take weeks, and will start when services return. Gasoline is hard to find, but some supermarkets are open.
I have a small generator for the fridge and one can. I grill on the barbecue. The neighbors have been real nice keeping me with enough gas for the generator. Thank you for all the prayers, they worked!
I feel very blessed that I sustained so little damage, but living without electricity, water, cable is getting very old, and I think I have suffered enough now!
My wife convinced me to honker in and ride out Irma. Have spend the last two days prepping for Irma. Boarded up some windows, removed fans blades that were outside, turned everything (tables, chairs, plants) to ground level. Tried to buy a generator, but none available locally, so I had my cousin USP one from San Antonio (purchased in Harbor Freight). Shipping cost $75 but I got the generator yesterday. Probably will not have water, since I am on a well that needs 220VAC and the generator is small (Tailgate model 700amp). My biggest worry is trees falling on my house as I lived on a 2.5AC wooded lot. I had most trees that were close to house removed years ago, but there are still a few that can reach the house if fall in the perfect direction. When (not if) I lose electricity, no more posting for awhile.
For those that do not know, Dr. Frost's home is located in Miami bay on a small island (I believe it is a man made island). It is located in the evacuation zone and at best is 6-8 feet above sea level with water frontage. I wish him and and his family the best. I am sure he has evacuated
I live in Naples, FL, 8 miles from the coast, and presently in a voluntary evacuation zone and want to stay to ride out the storm. Not sure where Irma will hit southern Florida, but there is a good chance there will be mandatory evacuation here in the next day or two where I live. i will wait until the last minute, as right now now the traffic going north is horrendous. I live on 2.5 Ac that are heavily wooded and it is likely trees will fall, hopefully not onto my roof, but there is nothing I can do about it. My first hurricane as I have only lived here 5 years. I wish all Floridians to be well and safe.
Talking about being in the eye of the hurricane, I live in NAPLES, FL at the southwest portion of near the tip of the peninsula. I am 8 miles from the coast, hopefully safe distance. You can google map my house at 526 Weber Blvd N, Naples, FL 34120
Please provide details of what ERHC has to offer Starcrest or Eland? The IRS has liens against all of their (Erhc) assets or at minimum owes over $10 mil in debts to Cespa? What is left for Erhc to bring to the bargaining table? Maybe PN's ability to burn through money and bring down the share price, but who wants that?
PN, the CEO of ERHC can no longer hide under his desk unless he has a snorkel. Oh wait a minute he no longer has a desk to hide under since he no longer has a office! I guess if you are not getting paid why come to work anyhow?
that is info about ELAND, not ERHC. Presently there is no connection between these two companies and there never will be. How would ERHC meet up with Eland anyhow? in a canoe on the streets of Houston, since ERHC no longer has an office.
Sneak, when you discuss ERHC, why do you talk in code or riddles? Most here have no idea of what the Big E is, can you please explain. TIA
DeGen
PS: In college basketball the Big E, is the Big East Conference. In pro basketball, the Big E was Elvin Hayes who played for U of Houston in college and the Houston Rockets later in his career. But when discussing ERHC, the only big "E", is Sir Emekor, who is not only physical big, but was one big shareholder at one time.
Oh, maybe now you can see the writing on the wall about Erhc? No wait a minute there is no wall becAuse there is no office! See you at the funeral.
I wish those that continue to believe that ERHC is a viable investment would tell the world why they think this way and provide actual examples of what could possibly occur instead of being so secretive and speak in riddles.
Presently, ERHC has no office (or at least unknown) office location, the company officers & BOD members are not being paid, the IRS has liened there assets, they have little cash and 10+ millions in debt. There is nothing left but hope. ERHC is truly a SHELL of a company.
Not to disparage the victims of hurricane Harvey, but PN/SO will likely blame the hurricane for their situation They never take the blame for what they have done to this company.
Investing more money into a company like ERHC, that cannot even pay the top two executives their salary, has IRS liens on their assets, has little cash, has over 10M in debts, has a going concern in its 10Q, no shareholder meetings for over 5 years, has left its office building in Houston (after 10 yrs) and is no where to be found, is not the smartest place to invest ones money. In fact putting any more money into to ERHC shares is foolhardy at best, and just plain stupid in reality.
PLEASE UNDERSTAND THESE FACTS BEFORE BUYING ANY SHARES OF ERHC!
Investing more money into a company that can not even pay the top two executives their salary, has IRS liens on their assets, has little cash, has over 10M in debts, has a going concern in its 10Q, no shareholder meetings for over 5 years, is not the smartest way to invest your money. In fact putting any more money into to ERHC shares is foolhardy at best, and just plain stupid in reality. DO YOU REALLY UNDERSTAND THE FACTS???
Sneak, your post made me think about what a good job PN did in the drilling deal with CESPA. Although, ERHC was supposedly financially responsible for a portion of the actual drilling costs, IMO opinion PN NEVER had any intention of paying back the drilling costs if no oil was found (the Nigerian way). So even though it may have looked like ERHC was paying some of the drill carrying cost, ERHC had no intention of doing so if no oil was found. That makes the deal much better than originally thought. ERHC has stuck CESPA with the $12 M drilling costs and has no intention of ever paying CESPA back AND NEVER DID!. This was ERHC's last hooray and it was a make it or break situation for ERHC. Too bad no oil was found and ERHC was no 0 for 6, and has struck out for the last time. They sure sucked CESPA into fronting the drilling costs.
how long do you think PN / SO will work for free?
Seek, the real question is how long will PN & SO work without getting paid? A month or two, three at most. The next real question is how long will it be before the landlord evicts ERHC from their offices if the rent is not being paid (which I believe is not being paid). The next real question is when will ERHC file bankruptcy, very soon IMO.
Where are PN & SO? Houston? London? Kenya?
Anybody working at the Houston office? A secretary?
If the rent is not being paid (very likely)at the Houston office, has the landlord started eviction procedures" As a landlord, as soon as someone stops paying rent, I start the eviction. Most landlords do the same thing.
Any update on the sale of PN's house in Houston?
If PN & SO are not getting paid, do they come to work? Did they ever come to work at the Houston office?
Can anyone answer these questions???