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Fudsters working overtime today. Good news is on the way sooooooon.
TD Ameritrade told me that IPIX was not Restricted
Press Release Out
Added another 35K shares on today's dip. Thanks Fudsters
I got the chance to load up at .08 in 2019 Thanks to STL. Been buying since 2015. Have not sold a share yet but should have sold some at .50+ and reloaded back in the 20's but I didn't. I feel better about IPIX now than I ever have. If the MOAPR "Mother of all press releases" happens there will be some rich folks here. I'd say GLTA except some of us have made our own luck here.
I Just keep adding to the pile..31 is a gift STL would be happy.
TD Let me put all of my shares on a $100 sell GTC. No need to do it every day. My GTC trade is good until June.
Something is up. I hope No Frack Joe does not screw this up
I agree it's good news. Just another good reason to be here. Given our past history on this board I personally don't think this is the beat all end all press release that we all expect. I hope I'm wrong.
New uses but nothing earth shattering. I don't think it will move the $
It's a shame the Virus got Seek The Light. I would not be here if it was not for him and his advice. He deserved to see this run.
Yes it was Covid 19. Phillip was in his mid 70's.
Seek Was a close friend of mine. I found out from his son he had passed. He was getting better and suddenly took a turn for the worse. I talked to him almost every day on the phone before he became ill. I will miss his friendship and advice. He was my advisor and friend for over 20 years.
It seems the company has had a history of announcing things on holiday weekends. Let's hope this is the case this time and the outcome is Commercial oil as expected, GLTA
I read the entire article. They are saying that since Oil News Kenya cannot verify a discovery they assume it's a dry hole. These folks have been wrong before. I'm not taking all the bait yet.
I sure would like to see some estimates from a reputable third party on reserve size. That might get the attention of the new investors you speak of.
What is a closure of 20 sq kilometers? Is it great or average? I'm not an oil man and would like the opinion of those here that are.
Thanks
JFP
This is the part that I liked:
"The findings are very impressive. While final processing and interpretation is currently going on, our team is already discussing proposals for the requisite follow-on seismic survey."
Not at all happy with the ERHE flow of information. This comany was being run by attorneys IMO especially during the DOJ investigation days. Im sure if there was any wrong doing the DOJ would have filed charges. The attorneys are still in control IMO and will not say anything they don't have to. That's just the way it is. We may not like what's going on with the information flow but behind the scenes negotiating seem to have landed us Chad, Kenya,and possibly Ghana to add to the JDZ and EEZ blocks. Maybe it's because ERHE has a reputation of keeping thier mouth shut we got those deals. If ERHE is doing something illegal I'll be one of the first to jump on the lawsuit band wagon. Until then it's all speculation and if someone has proof of wrong doing then bring it out and lets call the SEC. The recent price movement and volume have renewed my hope of getting back to the pre JDZ drilling highs. I believe the risk is so much lower today because of the additional properties ERHE has and because of that I'm still here. ERHE is a bad 15 year dream for me but I still think the longs will win out on this one. Hopefully soon.
JDA should be the one to tell us or the new operator whoever that might be. ERHE imo is not the culprit here in this case. I do agree however that the last 10+ years have been very frustrating with the flow of information from anything having to do with the JDZ or ERHE. At least we are getting information out of Kenya from time to time even if it is about discoveries in other areas.
I thought Sinopec only announced that they had given up operatorship in the JDZ. To my knowledge they never announced giving up any ownership of any of the JDZ blocks. Why would they until forced by the JMC to do so? Please correct me if I'm wrong.
Kenyan Oil Will Flow
Nice interview with Taipan's cfo talking about Kenya's oil potential and security issues. ERHE could take some lessons here. Thanks Seek for the link.
http://globenewswire.com/news-release/2014/06/25/646616/10087118/en/Kenyan-Oil-Will-Flow.html
They have not even put a bit to the ground yet.
Where do you get that assumption. Do you have any news we don't have. I was of the opinion that the downturn was because of the terrorist attacks in Kenya and the upgraded terror watch list. But that is only a guess.
I called Kin Communications regarding the error and they confirmed it is incorrect. They confirmed drilling 4th qtr this year and 1st qtr 2015 on 2 different wells. Hopefully they will contact Reuters to issue a correction.
Canadian $ VS U.S. $ is the difference on the bid and ask on the 2 exchanges FYI
OT: There is a little town here in Arkansas close to the Tornado's path named Oilyphant. Maybe the secret plans of ERHE are buried there? I never knew the town existed until Sunday night. Just a LOL for the old timers here. Thoughts and prayers go out for the poor families affected by the storm.
News from another Kenyan oil exploration company Taipan. TPN.V
http://finance.yahoo.com/news/taipan-resources-inc-announces-388-150313393.html
Does anyone have a subscription for this premium service? Might be able to get more details.
Details of the Kenya Block 11A farmout are available at www.energy365dino.co.uk, our premium subscriber service, which also includes details of other farmout opportunities in Kenya and East Africa in general.
Somebody definately has an agenda to hold the price down, Bought 50,000 at the ask .048, ask then jumped to .052 with no trades and within 5 minutes the ask was pushed back down to 50,000 more @ .048.
Maybe our potential partner is negotiating on several blocks in the region and does not want to show thier hand if for some odd reason the deal was not approved. I personally ask for confidentiality agreements to be signed before my company discusses any contractural business. It protects both parties before and after the deal. especially if the deal falls through. Maybe the deal is so good for ERHE that the other party is embarresed with the terms they agreed to. 'LOL' I've been waiting for over 10 years. A few more days or months wont matter.
The LOI bubble is a vug. We just don't know what's inside. IMO the contents will be substantial. I have a big bet on it.
Kenya oil article
http://www.oilandgas-investments.com/info/?p=103
Article on Kenya and Taipan oil
http://www.oilandgas-investments.com/info/?p=103
It took over a year from beginning discussions on Taipan's farm in to it's announcement. Just saying I hope The LOI final agreement won't take that long.
Here is the press release on Taipan
http://taipanresources.com/news.html
Taipan oil and gas resumes trading today @ 9:30ET. Maybe we will get some more good news from another Kenya operator. Not directly associated with ERHE but any Good Kenya news makes me sleep better.
Maybe the Thyroid peer review is coming next week.
GNC email blast website for those that are interested
http://view.ed4.net/v/XTHNUAW/18RIW0/HSXY0I1/ZX9L3N/MAILACTION=1&FORMAT=H?csm=481960521&csc=2871148&csa=482174331&csu=2875346