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I have been in ERHC since 04 with a sizable position. I follow the KISS method of analysis. It there was more accumulation than selling the price would go up.
Dennis
I suspect either the company or a big private holder has been selling (and selling big) at every opportunity for more than a year.
ot: I believe the same scenario holds true for Michigan and Ohio St. Given a neutral field Michigan would've won. Now we'll have to let them play the championship game to compare Florida's performance opposed to Michigan's.
oilphant:
If for no other reason, I look forward to your posts because I find you very sharp and entertaining.
I get you oily baby!
I hope you are as accurate with you "speculation" as you are witty with your posts.
Dennis
Dane 9th paragraph down...
Increased reserves potential, combined with production increases and an overall debt reduction, will be necessary to support the company’s strategy to be recognized as a main player. Its joint-ventures with several majors, such as Shell [NYSE:RDS-B], are also an integral part of its future plans. The still one-line player, focused on mainly upstream operations, wants to become a downstream operator too. Egypt is already targeted as the breeding ground for this success.
McDee, Meridian or anyone.
Please excuse what may be a dumb question, but can you explain in detail what a "3000 ft column" is and what does "net pay" mean?
Thanks,
Dennis
Posted by: Meridian
In reply to: balance_builder who wrote msg# 28133 Date: 3/4/2006 5:39:43 AM
Post #
Explained earlier that I made a lot of money in the 80's with what we now call insider trading. At the time it was a kind of industry standard.
"I" decided in the 90's (nobody else for me) to stop owning/trading shares. Nobody can prevent me from owning the shares in ERHC. It is just that I decided a long time ago not to own any shares. That is all. For some of the junkies it may be hard to believe. So be it.
I agree with your post as it pertains to ERHE. The fact is a find like this is proving to be "big news" as energy is hot right now. Yes, it only mentions Chevron and Exxon but more improtant is it continues to focus on the JDZ area and that is very good for ERHE. We will have our share of press when the time is right. And it will make many of us very wealthy if we are patient.
Dennis
FORBES...has the story now....:)
Word is spreading
AFX News Limited
Chevron, Exxon in major oil strike in Africa - report
03.26.2006, 11:41 AM
http://www.forbes.com/business/feeds/afx/2006/03/26/afx2622145.html
Most Popular Stories
LONDON (AFX) - US oil giants ChevronTexaco Corp and Exxon Mobil Corp have made a major oil discovery in the West African island state of Sao Tome and Principe, The Business newspaper reported, citing an unnamed source.
The oil was found in the offshore Obo-1 well. Drilling results showed the hole could be holding more than a billion barrels worth of oil and gas.
The pair are to meet on Tuesday to plan their next moves, the article said.
Chevron is the operator of the field with a 51 pct stake, while Exxon holds 40 pct. The remaining 9 pct is owned by Nigeria's Dangote Energy Equity Resources and Afren.
mbe/hjp
Count me as 1.
Thanks to red & walldog.
Congrats to all my friends from Atomicbobs.
200k +
Dennis
Joe Shea, a so called reporter, is tired of being scooped by amature investor Mark. He has stooped to a new all time low with this report. He is flat out pathetic.
Great post as usual balance. I would only add that once our rights are perfected ERHE is "legitimate" and will have to be treated as such by the biggest companies in the world.
Dennis
walldog I think you are right, that has to be a mistake. I read it over twice myself and thought something was wrong.
If Block 4 was still on the table or being discussed they wouldn't be meeting tomorrow to finalize it would they? Furthermore Chevron was never involved in Block 4 but certainly has reason to be talking to us about Block 2 now.
We've been waiting for this a long time. All the best to you.
Dennis
That actually makes sense when I think about. Whether we like it or not Chevron, like Exxon, may not want to be partnered directly with ERHE, buying the oil (or paying ERHE for the portion in Block 2 solves that problem. What I don't know is if the technology exists to monitor what amount belongs where.
It also gets ERHE cash flow much eariler than expected.
Dennis
If its possible can I replace Goosen with Perry....was half asleep when I posted earlier and noticed my mistake after a cup of Joe! If not I'll go with the original.
Either way Thanks to you guys for running the contest.
Good Luck everyone.
Dennis
WOODS, GARCIA, GOOSEN, DALEY, DiMARCO...275
Woods, Garcia, Goosen, Love, Leonard 275... hope I'm not too late.
As always thanks for running this contest, good luck to everyone!
Dennis
Here's my entry...
WOODS TOMS CINK VERPLANK FURYK
275
Thanks for running the contest. Good luck to everyone.
Dennis
ROFLMAO. Jer I'm going to use that one often.
Dennis
Luke Donald musta got dressed in the dark! Vijay may complain his that Donalds outfit is distracting him LOL
Can someone explain why they didn't give USA permission to cover this mornings play say from 8-11am after losing yesterday to rain??
Golf fans lose out bigtime!
Masters Notebook: Mickelson's spikes make Singh gripe
Saturday, April 09, 2005
BY KEVIN MANAHAN
Star-Ledger Staff
AUGUSTA, Ga. Vijay Singh and Phil Mickelson -- two of the best golfers in the world and two guys on the Masters leader board -- went nose to nose in the champions clubhouse yesterday after Singh accused Mickelson of tearing up the greens at Augusta.
While finishing his first round, Singh told rules officials that the metal spikes in Mickelson's new Callaway shoes were "unduly damaging the greens," making it tough on Singh, who played in the group behind the defending Masters champion.
"I confronted him," Mickelson said. "He expressed his concerns. I expressed my disappointment with the way it was handled. I believe everything is fine now."
The problem started on the 12th green, where Mickelson made a 5-foot birdie, but then Singh missed from about 25 feet on the same line.
"(Singh) said on the 12th hole that someone in the group in front was tracking the green with his shoes," said Steve Rintoul, a PGA Tour rules official working at the Masters. "When he looked at where the track was going, he figured out it was Phil."
A rules official stopped Mickelson as he walked off the 13th tee. Rintoul said an official on the 13th green watched for abnormal footprints.
"I am very apologetic and will make every effort to tap down what spike marks I may make in the future," Mickelson said.
"They asked to see if there was a burr on the side of his spikes. There wasn't," said Will Nicholson, competition committee chairman. "He said he would change them when he got in (from his first round) if there was a problem," Nicholson said. "There wasn't."
It wasn't until later that Mickelson, waiting out the weather delay, got ticked when he overheard Singh talking about the matter with other players.
"I was extremely distracted and would have appreciated it if it would have been handled different or after the round," Mickelson said.
Singh left the course without commenting.
Except for the PGA Tour, metal spikes are virtually gone from golf in America.; even many pros don't wear them anymore.
Callaway Golf spokesman Larry Dorman said Mickelson changed to 8 millimeter spikes sometime before The Players Championship, which was held two weeks ago. He had been using 6 millimeter spikes.
"He said he was slipping at the Match Play," Dorman said.
The wet conditions
have led to muddy balls, but Masters officials will put a windmill or a clown's mouth on a hole before they allow the players to lift, clean and place.
Noah couldn't get a preferred lie at Augusta National.
"We're traditionalists," competition chairman Will Nicholson said. "We want to play the ball down."
And despite a tournament history rich in rain storms, Nicholson couldn't remember a time when players were allowed to clean the balls before reaching the Augusta National greens.
"Not to my knowledge, and I've been here 32 years," he said.
Nick Price understands, but that doesn't make playing easier.
"We've all had six or seven mud balls," he said. "When you have mud on half of your ball, you don't know where it's going to go, and that makes it pretty hard when you're hitting over water."
Yes he is...but Toms is already at +2 with a double on #10 yuck!
I'm watching the streaming vidio at #12....I can splash it just like 30% of the pros....
: )
LMAO you got me there. Woods would have been easier to spell. Woodn't it ; )
Dennis
Thanks, looks like this will be fun. And thanks to dbleagl for tipping me off to your contest.
282, -6
thanks alot
If its not too late, seeing that the start has been delayed by bad weather I'd like to enter the contest.
Miclelson,Garcia,Toms,Goosen,Harrington.
282, -6
Thanks,
Dennis
LOL I know the feeling. It will be interesting to see who will be moaning about having sold if this takes off.
All is well it's hockey season, Devils look strong again and my son is trying out for the high school team.
Hope all is well there.
Dennis
Interesting indeed. Closed .15 X .20 on 89000 vol.
Tomorrow should tell us if this is for real or not.
YANKS UP 1-0 already...Giambi homers! Lights out Sox fans.
OT:OLD SCHOOL YANKS WOULD HAVE TAKEN CARE OF RED SOX' PUNKS
Tuesday, October 14, 2003
By Bob Klapisch
Special to ESPN.com
BOSTON -- Another night in the AL Championship Series, another to-the-death struggle between the Yankees and Red Sox. Is there any doubt these two teams are headed for Game 7?
Emotions spilled over in the bullpen -- as well as the phone lines.
If the apocalypse does occur Thursday night in the Bronx, the entire baseball world will be watching -- including two ex-Yankees who are openly rooting for the demise of Red Sox Nation.
To Goose Gossage and Graig Nettles, hating the Sox is just as easy today as it was in 1978.
"I was watching (Game 3) lying in my bed, and when (Manny) Ramirez starts walking to the mound with a bat in his hand, I jumped up and started screaming at the TV set, 'Kill that (expletive),' " Gossage said.
The former closer was practically shouting into his cell phone Monday afternoon, driving near his home in Colorado Springs. He was shouting not because of the long-distance connection, but because he equates Ramirez with Carlton Fisk, and considers Pedro Martinez a latter-day Bill Lee.
In other words, they are the enemy. Still.
Watching Martinez's fourth-inning fastball sail near Karim Garcia's head and seeing Ramirez threaten Roger Clemens with a bat was, for Gossage and Nettles, an invitation to a '70s time tunnel. Just mention Ramirez and Martinez, and you're back to an era when on-the-record quotes were unfiltered, and the Yankees-Red Sox rivalry wasn't just real; it was its own Northeast-corridor religion.
"Manny Ramirez is a (coward). I hope he reads that," Gossage said Monday. "If he pulled that stuff in the old days, he would've gotten back in the box and I guarantee you he would've had the next pitch in his earlobe. The guy is a one-dimensional player. He can hit -- a little. But he can't even hit when it counts."
Nettles' opinion of Ramirez is just as bleak.
"He's a dog," the former third baseman said by telephone from Knoxville, Tenn. "He does nothing but loaf. Ramirez loafs on the bases, in the field. He loafs all the time. For all the money he makes, he should buy a book about how the game is played.
"To be honest, I hope the Yankees kill the Red Sox, embarrass them, 18-0. I hope I never have to watch Ramirez play again. That's what a dog he is."
Gossage and Nettles have plenty of venom for Martinez, who they're convinced deliberately tried to bean Garcia. When Martinez went one step further -- taunting the Yankees dugout, pointing at his temple while apparently threatening Jorge Posada -- Gossage lost whatever respect he says he once had for Martinez.
"That skinny little (expletive)," the Goose said loudly. "There's no question he threw right at Garcia's head. That's totally gutless. It's too bad he doesn't have to hit, because I guarantee you he wouldn't be throwing at hitters like that."
Even more outrageous, the two elder Yankees said, was the fact that Martinez went unpunished during the ensuing bench-clearing incident. Although Nettles excused Martinez for flinging Don Zimmer to the ground -- "I don't blame him for that, it was like, 'Get away from me,' " he said -- both men were disappointed the Yankees didn't seek out the Red Sox ace during the brawl.
"We would've chased Pedro right into the stands," Nettles said. "There's no way we would've been milling around like that. Garcia should've been the first one to go after Pedro. That's how you know the game has changed today. There's no way you let a 72-year-old man do your dirty work for you."
"I can't believe no one in the bullpen went after Martinez," Gossage said, agreeing with Nettles. "If it was me, I would've gone right for him. We would've finished it right there."
Goose took particular issue with Ramirez's behavior after a high fastball from Clemens. Indeed, the Rocket said in a postgame interview, "Somewhere Goose and Gator (Ron Guidry) must be smiling," because after all the pushing and shoving, the Yankees exacted their revenge by winning the game.
But Gossage noted that, in his era, the Bombers' score-settling would've been far more direct, if not violent
"You want to bring a bat to the mound? Let him try," Gossage said. "Ramirez might've gotten one of us (pitchers), but he wouldn't have gotten all 10. You wouldn't have seen him the rest of the series, I promise you, because we would've put him in the hospital.
"I saw what he did (in Game 5 of the ALDS against Oakland), pointing into the dugout after he hit a home run. Someone should've put him right on his butt for that. That made me sick. He hardly ever hits when it counts, and he has the (guts) to do that? Give me a break."
In fairness to the Red Sox, Gossage praised Jason Varitek, whom he called, "a real hard-nosed ballplayer, someone who could've played on our teams, for sure." But his benevolence didn't go much further than that.
In Goose's eyes, Ramirez -- and even Sammy Sosa -- represent all that is wrong about today's hitter: vain and hyper-sensitive, overreacting to the slightest provocation, real or imagined.
With obvious scorn, Gossage said the pitch Ramirez reacted to "would've been a strike if it was a little lower. He got mad over nothing. (Hitters) want it all their way, and they're getting it because it's the pitchers who are afraid. They're all the same: Ramirez, Sosa. They're all (cowards)."
Gossage went for another five minutes, casting a wide net over the modern-day player. Still, he returned to the core issue -- the Yankees-Red Sox war. Fenway will be loud and hostile for tonight's Game 5, but Gossage insists there are facts of life that never change, even after a quarter-century.
"They think they can intimidate the Yankees?" Gossage said. "(Bleep) them. No one can do that."
Bob Klapisch of The Record (Bergen County, N.J.) covers baseball for ESPN.com.
Pedro is a PUNK.
Did you see him launch 72 year old Don Zimmer to the ground? That went way beyond self defense.
You may wonder why Zimmer was so insensed, his playing career ended when he was beaned by a pitch, spent 13 days in a hospital and left with a steel plate in his head. So after aiming at Garcia's head, when Martinez pointed and mouthed "I'll hit you in the head next" into the Yankee dugout Zimmer went ballistic.
The fact is Pedro can't beat the Yankees and he can't take it. All that crap detracted from the incredible game Clemens pitched.
I'm a little disappointed that Zimmer is the only one with enough guts to go after the root cause of all the problems, one of the Yanks should found the rat and pounded the smirk off his face.
Oh yeah, while I'm at it Manny Ramirez is a punk as well.
Raw thanks for the reply. Good to hear. Chart looks real good as well. I think the right news pops it.
Dennis
RAW whats your take on yesterday's SIGA news? Still holding mine from 2.05.
Thanks.
Nice job Czech....sold 1/2 of mine @.30 riding the rest and hoping we crack .35.
Dennis
OCCM good movement on 3x's average vol.
Czech I'm in OCCM myself the volume is looking good I think its getting wound for a run to .26...maybe we test the high of .35??
Dennis