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Thank You Kingpindg, solid information. Block 12b doesn't come close to touching 11a erhe block.
yes, Strategyone that would be great if they would announce a partner at same time, but for now I would be glad to see a press release or sec filing on the signing of the production sharing contract on block 11 in eez. That alone might give the stock price a little boost. But I agree with you if they would come out with news on a partner at same time that would really be nice. Good Luck to us all!
Did Anyone see an official press release or SEC filing from ERHE on the P.S.C. signing on block 11 of the eez? I saw the video and the report from Reuters, but I do not see any news when I pull stock quote. Just curious
anyone have any idea or guess would love factual reason why we are moving up on pretty good volume? When we hit the high for the day, looks like sellers moved in, I'm just excited to see some action, let me rephrase that a move up on stock price.
Like your train of thought, If only CEPSA got involved in SWALA block due to seeing something encouraging in block 11A
any one notice the pop in oando energy, I have the quote listed next to erhe, I forgot the reason but there is a tie in between the 2. If my quotes are correct oer.to is up 0.48 about 28.74% on higher than normal volume. Anyone know the tie in between erhe
Auman, I read the post on this board, and discerning the truth from bull and guesses or opinus stated as fact is difficult. I have been in erhe for some time, my holdings are no where near your share count. But every time I look at this upside down investment of mine I try to see possibility. Good Luck to all
so you are saying you hold 2,700,000 shares?
Only if the bid was ?? 57 cents and ask 74 cents
0.057and 0.074 is what you meant correct ??
thought there would have been a little increase in volume and maybe a little move higher on news of Chad. But we will see.
High risk possible high reward. Take a look at Africa oil, it will give you an idea of the potential. On the bright side you will see with a little research that taipf has farmed out a percentage of block 2 to premier and tower resources, they have also done a pretty good capital raise, so they are cashed up pretty good. 1st well in block 2 to be drilled 4th quarter 2014. Hey it's a penny stock, research the story and take a shot if you see fit. Do not risk the grocery money.I have positions in aoiff, ERHe, taipf, and vanoil, needless to say I,m pulling for Kenya to become a major oil producer. Good Luck whichever decision you make may it be profitable to you
Market cap erhe vs. taipf. There have been a lot of references to taipans stock price run. Erhe is currently valued higher than taipf. Erhe stock price may be at only 0.07 but due to the number of outstanding shares it has a market cap of 52.77 million. Taipf at current stock price of 0.517 has a market cap of 44.10 million due to a lot fewer outstanding shares. Yes I'm long erhe but just trying to interject facts to comparison of the two.
very impressive post by mromro in Dec. I have to admit I was skeptical, but he nailed it Thank You mromro
29,000 shares traded, well on a optimistic way of looking at it, Nobody selling. Yes I would also like to see a bounce in share price. Only 29,000 shares traded, maybe buyers are not moving in, but sellers are not there either
Fighting in South Sudan. Has anyone seen the news of fighting/ violence in South Sudan. I truly hope and pray for the people of that area they can find a peaceful resolution. And then move forward with the development of their new found resources, for the good of all their people and region. And yes this directly effects erhe, we surely do not need a conflict destabilizing the area.
Thank You 2IRAs for the reply/answer. What information had he posted before that turned out to be true/ factual? I'm long erhe and it would be great to see something/ news come out that could move the stock price up.
all the CEPSA talk. Is it just based on the fact that one poster on this board put it out there? Are is there anything to support it. Just curious, Good Luck to all
where did you get info deal was done??? seems like there would have been a press release??
Genesis asset managemers have made a large purchase of Tullow. they had 72,222,845 total shares now as of filing Dec. 5 2013 they hold 72,871,524 (8.01%). As tullow and Africa oil or so connected, per Tullow release the other day they were concentrating on Kenya. Any thoughts ?
yes, I do believe he had said possibly next week, a week or 2 ago, as a time frame for release of the terms of the farm out. Also I point to Taipain, they came out with the details of their farm out, I believe same time as release. They were the latest to sign a farm out agreement in Kenya.
Sounds reasonable to me, thank you for correction. I believe the next catalyst will be the terms of the farm in / out agreement. If we could get a 2 well carry with a cash infusion into erhe. Maybe a bit much to expect. Who the company turns out to be ? Would like to see chevron. And please no more dilution, increase in share count.
Hopefully there will not be a delay in releasing terms of farm out. I read something that quoted Ntephe as saying possible next week on date for release of terms, that was a week ago.
While waitinng on release, what are your thoughts tamtam9042 on terms of farm out? I understand it's just pure speculation.
tamtam9042, on the tax selling and buying either 30 days before or after the sell causing elevated volume. I actually did that, I'm still invested in and hold long on erhe. But I was so under water on most of my holdings in erhe, the JDZ days 0.70 range, it just made sense to get ready to take the capital gains loss to offset other capital gains.I did the buy on front end so if price jumps significantaly I have x2 shares if it does not then those shares from 0.70 range well I can take advantage ( reduce the cost basis ). On Ethiopia, I've watched the closeology theory being talked about here on this board. The truth of it is that Africa oil and tullows finds( 4 wells ) have been within 2 blocks only, connecting blocks at that . If Africa oil opens up another basin / field / rift play it just adds fuel to the fire on Kenya (area ) being the hot play in finding new oil reserves. If you take a look at Uganda or south sudan well lets just say closeology theory that gets put out on this board, I'm much happier and encouraged seeing new areas opened up.If nothing else being involved in erhe turned me on to aoiff Good luck to all
good catch Guesstimate, some articles say 100 meters some say 300 feet
large volume days, who is selling and who is buying. Just a thought, the huge increase we have seen in volume as of late. What is the reason? There have been a few theories posted so here goes mine. Could it be selling to capture the losses for tax purposes and then buying back in. Or buying first, then do the sell 30 days later for tax losses. If say you have 100,000 or more at some of the old prices ( in other words much higher} say buy 100,000 at 0.05 and then wait 30 days and sell the original 100,000 that are at a much higher cost basis, and capture the capital gains losses to use this tax year. And you still have your 100,000 to ride out. I hope the buying is that someone knows something, but there are a lot of sells to meet those buys. Hopefully if Africa oil hits on those wells in Ethiopia it gives us a boost. and of course the terms of the farm out if they are good.
Yeah I noticed the Ghana. That news paper does have a few mistakes in articles. But they came out with the news on Africa oil / tullow, on agete well last night, long before announcements from tullow or Africa oil. In that same edition I posted the article on erhe out of, they had a story on agete hit by tullow. Liked to have read it before market closed
$20. per barrel or the $15. per barrel for oil in the ground ? I believe most of what I see, oil in ground tends to be valued at $5 to $10. Please correct me if I'm wrong, I much rather the numbers I see flying around in these valuation calculations on this board. Good Luck To all
that is what they are supposed to do. If you put a buy in at say a limit of 0.06 and they can fill at 0.05, they will fill at 0.05. That is their job. This all comes down to years ago some of the brokerages used to do just the opposite. Say you put an order to buy at 0.06 and it was trading at 0.05, they would capture the difference. That was years ago.
Long erhe. SSC Africa oil current share price currently $8.56 U.S. dollars. They have I believe 4 wells that have discoveries, in 2 separate blocks 13t and 10bb. They maintained approx. 50% interest, with carry by tullow. They have interest in approx. 4 other blocks in Kenya. They also have blocks in Ethiopia. They also have carries / farmout with marathon on block 9 and 1 other. They have like 600 million in cash on books. Erhe's value should be determined according to their possible and in future hopefully proved assets. Again the next catalyst should be terms of their farmout. I'am long erhe and have been a holder long term. It's just a very difficult process to compare erhe value or share price to aoiff. Hey on positive news on terms of farmout, I:e: how much of a carry, # of wells, and hopefully a cash infusion in to erhe. If we could get to $1.00 I'll be jumping for joy. Then news on starting drilling. Then if we hit on 1st well, no telling where we will be. This is just our Kenyan properties that I refer to. Any positive movement on other assets EEZ, Chad or Jdz well that would be a game changer.
tamtam9042, I do not agree with the 0.10 someone else posted of share price on oil discovery. But Africa oil has far fewer outstanding shares than erhe. Value is determined per value or perceived value of company / assets, divided by number of outstanding shares. So comparisons to Africa oil share price are not a very accurate guide.I was hoping for more of a share price increase on the good news as of late. But I guess it will take the announcement of the terms of the farmout. Hopefully it will be a boost to share price. The terms of taipain's farmout have been posted. I hope that the terms erhe ends up with or even better
if your order is all or nothing, it may cause problems filling. I had no trouble filling on friday
i'm with you steelwindrin a lot of my purchases were in the .70 range. Did grab some down here, but we have a long way to go. Determining factor should be what kind of carry we receive 1 well, 2 well and also cash injection into erhe, also I'm sure the partner will matter
Taipain and premeire released the terms of their farmout. I do not know how much of a delay or if they had to wait on government approval. But I'm pretty sure as soon as Taipain announced the farmout they gave details on it, amount of Cash they received and terms of the carry. Just pointing it out
terms of farmout agreement? I guess until we and the market as a whole, know the terms of the farmout, this is as far as stock price will go up. What percentage did erhe have to give? What or how much of a carry did we receive, 1 well 2 wells no wells just seismic? Probably also very important, amount of cash company will receive? Thought we would have had more of a pop on stock price just on news of farmout.
very good post.Thank You BuffaloTrader. What's your thoughts now that we have very encouraging news.
looks like we got the first of your points, farmout agreement. To all longs, some good news finally. After watching the stock go to 0.03 I have to admit that was not fun. Future looks a little brighter for all longs today. Anyone bought on the news?
volume at one million six hundred thousand. I know that at 0.05 and below this is some where in the range of only $75,000. seventy five thousand dollars. But still anyone have thoughts on why we have been having these very large volume days.
Thank's Sweeden1 I enjoy your post. I show volume of 193,746 compared to average volume of 213,461 and price 8.72 up 0.06 on aoi.v and as I stated on aoiff I believe over the counter pink sheets system is not working technical problems. On aoi.st which I thought was sweedish exchange volume 2,475,067 average volume is 1,078,550, so that is a double of average volume, price 55.00 up 0.50 Just thought we would see more of a move up once news drilling has resumed.
No volume increase or stock price pop. News that drilling will resume is great, and also sounds like they have laid out a plan for this not to happen again. Just thought there would have been a spike in price and volume.