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Received update message from P.N. today in my email addressed to all shareholders. For some reason, I am unable to copy and paste the letter. Hope someone else will be able to share with board. Thanks. Check your emails.
Have a question for the long time shareholders in ERHE. I am presently down around $85,000.00 in this stock. Have less than $5.00 share value at present after reverse split. Should I just sell and move on or should I hold on? For what I don't know. Would it be best for me to sell and take loss for tax purposes or just keep holding til next year? Any advice is much appreciated. I have followed Kingpin for years & years, and have always appreciated his dd. Wish I had his ability to dig for data. Thanks again for any responses.
So, since they are using ERHC office space for several other businesses of theirs, then we should be looking for office expenses as well as salary expenses to be repaid by these clowns back to stock holders of ERHC since they were splitting their time and our office with these other business fronts. yeah or nay.
I am personally pissed with lack of transparency that has taken place along with my personally large loss monetarily. Surely there are laws in place to protect us with either the SEC or DOJ, from operators like these ...holes,
This could be causing some delay in drilling operations in Kenya.
Monkey causes nationwide blackout in Kenya
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Jun 8th 2016 10:25AM
Monkey Causes Nationwide Blackout In Kenya
X
Kenya faced a nationwide blackout on Tuesday, and it appears a monkey was the root cause.
According to the Kenya Electricity Generating Company, the primate climbed onto the roof of the Gitaru power station and fell onto a transformer.
SEE ALSO: New ISIS 'kill' list claims to target thousands of Americans
This tripped the machine, which caused other machines to overload. That led to the loss of more than 180 megawatts from the plant, which, in turn, resulted in the blackout.
The company says all of its installations are secured with electrical fencing but are unable to say how the monkey got into the area.
The event has caused a social media firestorm. Joy Phillips writes, "When's the last time you experienced a blackout due to a monkey? Life in Africa!"
Christine Edwards said, "Well I feel less bad that I'm starting my second day without electricity again, now that I know it was caused by a monkey!"
If there's any upside to this electrical nightmare, it's that the monkey did in fact survive the shock and is now in the custody of the Kenya Wildlife Service.
RELATED: Mischievous monkeys on the prowl
SEE PHOTOS
Do you think if we could contact this guy thru LinkedIn that he could give us any info of how things are going during drilling or is this against SEC policies?
Ingmar Sahki
Ingmar Sahki
Derrickman at SMP drilling
Pau Area, FranceOil & Energy
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1999/2001 : BEP Chaudronnier (boilermaker,welder)
2001 : Médaille Or et Argent du concour un des Meilleurs ouvriers de France(Mof)Dep haute Garonne et région Midi Pyrénée
2001/2002 : Chaudronnier chez Arc inox 64 billere
2002/2006 : Chaudronnier Soudeur chez TSAI 64 lons
2006/2009 : Chef d'équipe Chaudronnier Soudeur chez STIP 64 et obtention de licences Tig carbon,inox et inconel pour l'aéronautique.
2009/2013 : Adjoint Chef d'atelier Chaudronnerie Soudure chez SNTSAI 64
2013/2014 : Floorman SMP rig 05/SMP rig 101
2014 : Rig up SMP rig 106 at Houston Texas
2014/2015 : Derrickman SMP rig 106 at Petroleum drilling services limited (SMP Drilling KENYA)
CACES : Cat4, Cat9, 3B
Experience
Derrickman
SMP
October 2014 – Present (1 year 8 months)
Derrickman rig SMP 106
Derrickman
SMP
January 2014 – May 2014 (5 months)
Rig #101
Floorman
smp
June 2013 – January 2014 (8 months)
Floorman Smp rig #05 /Smp rig #101
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Secteur pétrolier
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BEP Chaudronnier (boilermaker,welder), métallurgie
1999 – 2001
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French
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Elementary proficiency
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Un
Emdyal -- you be concern about what you want to be concerned about but do not tell others that they don't need to be concerned about R/S fees charged to their accounts. In my case its $40 for 2 accounts and I was very concerned at losing additional sums to this stock at this point. I have since called my local broker at Scottrade and have had those fees waived. I would suggest others that have had fees accessed to their accounts do the same. They were very accommodating to my asking that these fees be waived. Thanks to others on this board for their feedback on these fees.
Hope this help others as well, although I know that you think this is useless talking about. It saved me $40 !!!!!!!!
Thanks Kingpindg. Agree with the insult part as well as my d___a__ got to be imsulted twice for having 2 accounts. I like others here not only lost millions of shares but incurred a $40.00 fine for doing so. Thanks again.
Kingpindg, If you don't mind me asking, did Scottrade charge you $20.00 reorg. fee for the reverse split? Since I have 2 accounts with ERHE in them, I have been hit with $40.00 for reverse split fees. Is this normal? Never been through reverse split before. Thanks in advance for any comments.
Well, I wonder what effect a new Nigerian President will have on our stock since J. Goodluck lost to Buhari. Has S.E.O. and ERHE lost all of their inside contacts in Nigeria due to new elected President? Just not sure how this will play out for ERHE's interest in Nigeria. Does anyone have any idea how this might play out for ERHE? Will it be for the good or bad? Just wondering. Thanks.
Kingpindg - at the website that you sent, enter ERHC and check all sites. Looks as though this may not be their first rodeo in this field. See what you think, and let me know if you will. Thanks.
New interview with Peter N.is out about company. Cannot currently copy to transfer but others probably can. Sorry.
Same here. I am experiencing the same problem.
Food for Thought & Questions. First and foremost, Why would Sir Emeka Offor allow dilution of his great number of shares which would affect him more than any long term investor invested in ERHE? Monetary wise, this would affect him more than anyone else here including anyone that invested from start of this company. If he truly believes in ERHE and its assets, then I would think that he would come up with a way of legally loaning or investing in ERHE through one of his other oil related companies so this wouldn't dilute his great number of shares. One of Mr Offor's companies could and would profit from the interest and/or another form of a deal for their loan to help fund the exploration of one of these two assets as well as help keep the company afloat thru the point of exploration of at least one of these assets while not allowing dilution of his vast number of shares personally. He would be the one to profit more than anyone else here. But first and foremost, you have to believe in the company assets. Second question, do you think he truly believes in ERHE's assets? I think that I would, if he would do the above before allowing the dilution of all the company shares which in my opinion, just the thought of, is the main factor of the low stock price value at present, which I believe is the thought of others here. Again, this is just my opinion and thoughts. Good luck to all here and hope for good news soon.
Amen, 'Brez63'.
Krom, I agree with your entire list on comments 100%. It's a shame that all don't follow the same.
Yeah, after awhile it gets really old. Same old arguments day after day. What I don't understand is why keep beating ERHE into the ground when one is supposedly no longer invested. The team (ding & dong) have been at it for couple of weeks Phred6, as I am sure you are aware. I wish Krom would ignore these posts and not feed the fire that they try to start each day. We all know that good news is on the horizon on several aspects of the stock. Heck, who knows, they could be working on a deal to buy us out of our block (11A), or buy us out of both Kenya & Chad, or totally buy us out of all properties including the JDZ & EZE. Who knows, certainly not anyone here that I am aware of. This could certainly be why the lull at the present in MHO as well as just going meticulously over everything else from the 2D. Everything above is just MHO.
Tamtam, thanks for the pm, sorry but i don't have pm. I now understand and will help in anyway possible. ERHE long and strong.
I think you mean $125.00, don't you. Getting tired of going up and back down myself.
I believe you mean .085, I think. OMO
AMEN to that one. Can't talk right now though, down $70,000.00 at present value.
Midtier, Sorry to hear you are leaving. Whether it is a WISE decision or not is still up in the air but the remaining ERHE shareholders will find that out sooner or later. I personally will remain til it goes to or from Zero or up to what I consider a decent profit. Good Luck to you on your next investment, may it work out for you better than this one. PS - Just mho.
OT: Farrell90, Thanks. 'Ditto' with my children also. We have a lot to thank our veterans for and also for building this great country we live in now.
OT: Thanks to all for their regrets,thoughts and prayers for our loss of my father-in-law. I can only hope that we all reach our goal on this stock as soon as possible and that we out live the finish line to our goal. Again, Thanks and know that our family very much appreciates all of your regrets,thoughts and prayers. Hopefully we hear some good news soon for all of us. Go ERHE.
OT: Tryoty -- Thanks for the PM reply. Sorry, I don't have the same. Just getting around to reading some mail in mailbox as my father-in-law just passed last night and I have been with him in the hospital. He was a great father figure for me as my own walked out early in my childhood. He also was a World War 2 veteran which I respect very much. I believe that we think a lot about life as well as ERHE. I agree with a lot of your honest opinions. Thanks again. From reading the board it looks like Ping and Pong were at it again the past few days. GLTY and GO ERHE. Will ride it to the ground if I have to but in MHO that won't happen. Brighter days are ahead for all of us, again in MHO.
Oldoil - Thanks for your comment. I have just posted another post which I believe is only common sense for most here. Thanks again.
Some may not get it. The way I see it is that CEPSA has an option at the end of 2D, FTG.,and if needed or they even want 3D. They can OPT out at any these evaluations and walk away after paying the cost of the above services. If they want to remain and go towards drilling then you will hear about the remainder of the PSC contract details. But you will not get anymore PSC contract details until. This is my take after reading all info available and is also only my opinion for those who want to be negative on anyone else s scenario's, comments, thoughts, and etc. Again only MHO. I also believe others on this board do get it and just decline to post or comment for just reasons.
OT: Sorry I don't have PR but Thanks. Agree and greatly appreciate.
OT: Good post Strategyone. I agree but you are talking to some that never want to think outside of their little box. MO. Go ERHE.
Tryoty, Good post. I agree. Thanks.
I don't believe I said CEPSA thinks anything. I said in my opinion that they could be in negotiations with another company on another Kenya block and until that one was finished you would surely not give out information on current negotiations until finished. I don't expect for you to understand but reread what I said. It was simply a scenario of what could be happening in MHO ....
JSC52033 & Doubleaa - Thanks for agreeing with the possible scenario. I also appreciate reading yours and others reasoning of what could be happening behind closed doors.
Emdyal - I was only giving a possible scenario of what could be happening at the present. It was only MHO. I am as frustrated as most long time shareholders waiting for more info on our contract as well as other things that could be going on with our company. I also regret when they do post info as it almost always affects the share price in a negative way because of lack of detail information. So I try to reason why they do not give us all the details as most here do. I was only giving a possible scenario for the present situation. I wish I could answer your question but I can't speak for the company. I only try to reason what the possible scenario's could be why they don't. Sorry.
Did any of you ever take into consideration that CEPSA could be in contract negotiations with another company for another block also in Kenya and would not like to publicize their current financial negotiations with ERHE. I believe that this would make sense and not exposing all of your contract details while you have irons in fire with other companies for other blocks in same area of Kenya. We all know how bad CEPSA wanted property in Kenya from previous posts written here and other places.
OT --- Kingpin, thanks again for all of your posts and data. Always look forward to reading anything you post. Again THANKS.
IMO....I also believe that if the 2D comes back positive that we will drill way before Sept. 2016. Whether that's late 2014 or early 2015. Again that is only my opinion. I think Cespa is ready to dig for OIL asap.
Here is information straight from CEPSA website. Don't know if this will clear up any arguments as far as drilling time line.
CEPSA acquires 55% of an exploratory block in Kenya
This acquisition represents CEPSA E&P´s entry in Kenya, via an onshore exploration operated position
CEPSA has acquired a 55% share in an onshore exploratory block in the Turkana region of north-western Kenya. CEPSA will now operate Block 11A. The US based-corporation ERHC, and the State-run National Oil Corporation of Kenya (NOCK) will be our partners, with 35% and 10% respectively.
CEPSA adquiere el 55% de un bloque exploratorio en Kenia
The agreement, made after securing all necessary approvals from the Government of Kenya, includes participating in the acquisition of 1,000 kilometres of 2D seismic prospecting in 2014. Based on the outcome, CEPSA will be able to continue with the exploratory work by committing to acquire further seismic prospecting or drilling its first well before September 2016.
This acquisition, which is part of CEPSA's strategy to expand and diversify its exploratory portfolio, is its first venture into Exploration and Production in East Africa.
CEPSA is an energy group which is wholly owned by IPIC, employing more than 10,000 people and operating at every stage of the hydrocarbon value chain. It is engaged in petroleum and natural gas exploration and production activities; refining, transport and sale of crude oil and natural gas derivatives; biofuels, cogeneration and electricity sales. CEPSA has an important petrochemicals division which is closely integrated with its oil refining activities. The company manufactures and markets raw materials for producing high added-value products used mainly to produce new generation plastics and biodegradable detergent. CEPSA has a notable presence in Spain and by gradually internationalising its activities, it is now working in Algeria, Brazil, Canada, Colombia, the United Arab Emirates, Malaysia, Panama, Peru, Portugal, Surinam and Thailand, selling its products all over the world.
Madrid, 10 de febrero de 2014
CEPSA- Dirección General de Comunicación y Relaciones Institucionales
comunicacion@cepsa.com
Tel: (34) 91 337 62 02
www.cepsa.com
CEPSA acquires 55% of an exploratory block in Kenya CEPSA acquires 55% of an exploratory block in Kenya (pdf; 117.62 KB)
SM, I am at the same price point(.44) as you. I also purchased up there at that price. Only down a little over $70.000.00 at current price. Better than when it was .04 -.05 price range. Just didn't have enough gun powder to purchase more shares to lower my price point being retired. Sorry that you are in similar situation. Hoping that maybe I would be the only one. Looking forward to great rise in price in near future. Picked up a few at lower price but couldn't overcome my entry price and continued purchases as price started to rise many years ago.
Yes it is. At least this trade was during open trading hours and not after trading hours. Wish we knew what the hxll is going on. Certainly don't buy the end of the year sale off as part of the answer. Good luck. Holding til the end or death in most of our cases. Cheers.
O.C. -- 463,700 shares @ .0452
I have a question and just would like to know how you make a buy after hours for less than the asking price. It happened again today at the 16:02 hour for 115,000 shares. Any clue? Thanks in advance for any answers.
FYI ---
ERHC Energy Inc. Commences Airborne FTG Survey of Kenya Block 11A
Information from up to 15,500 line kilometers will identify promising areas for
acquisition of 2D seismic data
HOUSTON, November 18, 2013 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded
American company with oil and gas assets in Sub-Saharan Africa, today announced
that its wholly owned subsidiary, ERHC Energy Kenya Ltd., has commenced an
airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A in
northwestern Kenya. The FTG survey, which aids significantly in the structural
mapping of prospective hydrocarbon basins, will encompass up to 15,500 line
kilometers.
The announcement follows news from ERHC last week that it has concluded a
farm-out agreement for Block 11A with a renowned integrated oil and gas company,
subject to the consent of the government of the Republic of Kenya.
Block 11A encompasses approximately 11,950 square kilometers or 2.95 million
acres, and is located to the north of the Lokichar Basin where the significant
Ekales-1, Ngamia-1 and Twiga South-1 oil discoveries were drilled. The proximity
and in-trend relationship of the Lotikipi plain – the main surface feature of
Block 11A – with those blocks as well as the Abu Gabra Rift basins of southern
Sudan, which are established petroleum provinces, suggest a high prospectivity
for hydrocarbons.
"We are thrilled to be moving forward with this crucial element of ERHC's oil
and gas exploration work program in Kenya," said Dr. Peter Thuo, general manager
of ERHC Energy Kenya Limited. "The information currently being gathered will
enable the exploration team to focus on the most promising areas for acquisition
of 2D seismic data, which is the next step in the work program for the Kenya
Block."
By flying a dense grid of flight lines, the FTG survey measures small changes in
gravity caused by changes in density of subsurface rocks, providing valuable
information which can be used to more accurately pinpoint hydrocarbon deposits.
When combined with other existing geologic data, the information from the FTG
survey will advance ERHC's understanding of the geological structure of the
area, which helps us to identify potential leads and prospects.
The FTG survey method has been used successfully in Africa and contributed to
recent oil discoveries in Uganda and Kenya. Bell Geospace, a world leader in
gravity gradiometry, is flying the FTG on ERHC's behalf.
In addition to Kenya Block 11A, ERHC's oil and gas exploration interests extend
across the African continent, including the Republic of Chad, the São Tomé and
Príncipe Exclusive Economic Zone (EEZ) and the Nigeria- São Tomé and Príncipe
Joint Development Zone (JDZ).
Those with questions are encouraged to reference the Company's SEC filings,
which are available at http://erhc.com/secfilings/ or contact Daniel Keeney,
ERHC's investor relations representative, at dan@dpkpr.com.
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on
growth through high impact exploration in Africa and the development of
undeveloped and marginal oil and gas fields. ERHC is committed to creating and
delivering significant value for its stockholders, investors and employees, and
to sustainable and profitable growth through risk balanced smart exploration,
cost efficient development and high margin production. For more information,
visit www.erhc.com.
Cautionary Statement
This press release contains statements concerning ERHC Energy Inc.'s future
operating milestones, future drilling operations, the planned exploration and
appraisal program, future prospects, future investment opportunities and
financing plans, future stockholders' meetings as well as other matters that are
not historical facts or information. Such statements are inherently subject to
a variety of risks, assumptions and uncertainties that could cause actual
results to differ materially from those anticipated, projected, expressed or
implied. A discussion of the risk factors that could impact these areas and the
Company's overall business and financial performance can be found in the
Company's reports and other filings with the Securities and Exchange Commission.
These factors include, among others, those relating to the Company's ability to
exploit its commercial interests in Kenya, Chad, the JDZ and the Exclusive
Economic Zone of São Tomé and Príncipe, general economic and business
conditions, changes in foreign and domestic oil and gas exploration and
production activity, competition, changes in foreign, political, social and
economic conditions, regulatory initiatives and compliance with governmental
regulations and various other matters, many of which are beyond the Company's
control. Given these concerns, investors and analysts should not place undue
reliance on these statements. Each of the above statements speaks only as of the
date of this press release. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statement to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on which any of the
above statements is based.
Contact: Dan Keeney, APR
DPK Public Relations
832-467-2904