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... or spelling... "sense"! Sorry
Opps... one year, had a stroke and no sence of time!
Have not posted in almost two years, are we any closer yet???
Well said umbra....
AA.... Please pass on my best wishes and prayers for BB!!!
A BIG second on that for me as well AA...
“The fact that little oil has yet been found off the shores of Sao Tome and Principe seems like bad luck.”
“The country sits at the centre of West Africa's Gulf of Guinea -- a region that already produces more than 3 million barrels of oil per day or about 4 percent of the global total -- and is believed to hold billions of undiscovered barrels”.
“Washington estimates the Gulf of Guinea will supply about a quarter of U.S. oil by 2015 and has sent military trainers to the region to help local navies secure shipping.”
“The head of Sao Tome's national oil company, Luis dos Prazeres, had previously announced that eight multinational firms with deepwater exploration and development credentials -- including ConocoPhllips, Chevron, Petrobras and Tullow -- were interested in the blocks and were given rights to view seismic data from the zone.”
“He has said since it is too early to draw conclusions from the level of participation in the auction: "You can only be sure about the existence of the oil after the drilling results come in, because the seismic data only provides a guideline."
Thanks SM...
LOL....
... "pursue anything formally"
Guess it all depends on what the meaning of the word "formally" means???
Well stated Al...
"....there is notable progress" in the JDZ, Ramos cited as saying."
Thanks Homeport...!!!
Who is PLS Inc.,---
PLS is a unique research, transaction and advisory consulting firm with professionals in Houston, Midland, New York, London and Bangalore. PLS publishes various reports in the oil and gas industry and offers numerous data bases for active energy professionals. PLS marketing affiliates handle divestment projects and the firm also provides advisory and consulting services. Its publishing arm has been an active host of prospect expositions since the 1980's. In fact PLS founded the original Summer Prospect Expo now known as Summer Nape.
Additional Background & Market Conditions---
PLS is excited about this year's event as an exclamation point on 2010. "This has been a transformative year for the oil and gas industry driven by product price paradigms (oil vs gas prices); new technological applications (horizontal drilling & new frac completions); new discoveries (shales) and local regional development (service, midstream and land costs) that demands buyers, sellers and capital providers find quick and easy ways to meet, network and do deals." Said Richard Mason, Director of Research at PLS Inc., "Prospect expos, property showings, news reporting and multiple listings are just some of today's techniques sellers are using to market their assets, conduct auctions and move as quickly as possible."
"Concerns over new year tax obligations and the rush to spend year end money are additional reasons that buyers and sellers will be getting together on December 2, 2010." said Ronyld Wise, President & CEO of PLS.
Footnotes---
The Dealmakers event brings together key industry leaders, decision-makers, buyers, sellers and advisors in the energy industry.
Thanks Kingpin!!!
Ya think???
Since the cannons seem to be blasting mate... I take it you're buying???
"Total, the big French oil company, is even more bullish. It estimates that China will use much more natural gas than is commonly assumed. Only a lack of infrastructure keeps China's appetite for natural gas under wraps. But China is in the process of building that infrastructure today. It is only a matter of time before the nat gas markets feel its impact."
Thanks for a peek through the fog Auman. Have a very Happy Thanksgiving everyone...!!!
Jim... This right here is the exact reason WHY so many have hope with this investment, regardless of all these appearingly fragmented and contradictory reports.
The fact remains... Companies cannot reach the stature of a TOTAL and SNP by doing business the way our investment has been mis-characterized this last year. It just doesn’t make sense, even from the vantage point of the most sub-par business model.
Hence.... We continue to wait, peering through the fog of what seems like a hidden agenda until the BIG SECRET'S unveiling. This while keeping track, bantering back and fourth, and gathering DD from as many anticipated players as possible!!!
HMMMMMMMM..... Did I actually say "many have hope" in this investment??? IMHO
Hmmmmmm....
"Said "difficult" to set date for start of production in B1 as Total must first evaluate block's commerciality - something it plans to "do quickly next year".
Total purchased B1 without first evaluating its commerciality???
mid... Are you talking American politics or Nigerian oil???
Amen...
Say it isn't sooooooooo!!! Without robjer, who will I apply my "Underdog" rhymes to???
HMMMMMMMMMMMMMMM.... let me see:
Never fear Balance is here,
when things go astray...
he saves the day!!!
Well... let me try again:
Never fear Krom is here,
when Balance is gone...
he goes on and on and on!!!
Not quite right, is it? So much for a career in rhyme. Happy Birthday exceo!!!
ponzi.... I'd go with the latter and specifically focus on "someone who is owed"....
LOL...
Peace Song
Let there be peace on earth
And let it begin with me.
Let there be peace on earth
The peace that was meant to be.
With God as our father
Brothers all are we.
Let me walk with my brother
In perfect harmony.
Let peace begin with me
Let this be the moment now.
With every step i take
Let this be my solemn vow.
To take each moment
And live each moment
With peace eternally.
Let there be peace on earth,
And let it begin with me.....
"... if AIM is achieved by year end..."
Valid points Krom. However, I think many here are betting against the "if" factor above!!!
Krom.... Respectfully speaking, with what has happened to Wall Street and the "too big to fail" business mentality linked with said, your credentials don't quite hold as much weight these days.
Just MHO though... lol
Krom.... Did it ever occur to you (or has it escaped your memory)
that ERHC is strictly working on a "need to know" basis, brought into inception as a simple holding company, and is exclusively bound and gagged by SNP/Addax's contractual agreement(s)???
What make's you think ERHC personnel "officially" knows anything beyond what the above operators and SEO want them to know???
Bottom line??? The tip of an iceberg is CLEARLY visible for ALL to contemplate.... Yet, one certainly cannot claim to know it's Total(ity) from information gathered on surface appearance alone!!!
Sure makes sense to me.... (IMHO)
Look a little closer Krom....
Weinstein Smith LLP
Corporate, Securities and Mergers and Acquisitions
Our corporate and securities practice includes representation of a wide range of clients including publicly and privately held operating companies, and a diverse group of investors and deal makers involved in mergers and acquisitions, angel and venture capital financings, secured and unsecured financing transactions, and similar matters. Our attorneys also are expert in broker-dealer regulation, as well as the reporting requirements under the Securities Exchange Act of 1934. In addition to preparing periodic reports on Form 10-Q and 10-K, we routinely file Forms 8-K, proxies and information statements under Section 14 of the Securities Exchange Act of 1934, as well as insider reporting filings under Section 16 of the Securities Exchange Act of 1934.
ferab... What's a "nuttin"? Could it possibly be what squirrels do when they demonstrate and take over a campus administration building???
It's been a long day folks... great posts today!!! lol
Yes.... HMMMMMMM
"....upon any subsequent exercise of the warrants, the holders thereof will have the right to receive the same amount and kind of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the number of warrant shares then issuable upon exercise of the warrant, and any additional consideration payable as part of the Fundamental Transaction. Any successor to us or surviving entity will assume the obligations under the warrant..."
Thanks seek!!!
Not necessarily Krom. What it REALLY comes down to is what A wants B to tell C...
So A can easily NOT equal C!!!
Strass..... The other side of the coin might be that Charlie Brown finally gets some candy at the end of the month instead of that old and expected rock!!!
The past certainly doesn’t have to equal the future (Tony Robbins?) every the time.....
BB: Raised in a family of journalists and attorneys.... it's a bad habit I can't seem to break!
And having said this, for me.... it all comes down to good information, good intuition, a substantial capacity for risk, and an elevated (fair and balanced) perspective to wade through the smoke and mirrors of one's own ignorance....!!! (IMHO of course)
"it sure ISN'T ANY GOOD NEWS at all for erhe as the JDZ went against their request to move on to phase II."
LOL.... Another 23 hours and 58 minutes and.... WOW!!! Excuse me for a moment as I bask in your brilliant and well thought out BASH.
HMMMMMMMMMM..... Wouldn't it benefit the JDZ (did you mean JDA?) more if they "went against" an extension to Phase 1 by requiring the operators to commence with Phase 11???
Could there be some sort of reason for such a decision? Possibly a reason backed by confidential/specific information combined with, I don't know, some sort of compelling and "time consuming" roll out strategy (hence the extension) provided by the operators???
Follow the money, my friend, and focus on the fact that "time IS money"..... or shall I say (in this case) the "preservation of time IS money"!!!
Now don't let your ego feed on this little bit of attention too fast, we wouldn't want your head to POP..... LOL
"Is that an echo we're going to hear, Seek? You "guys" have become SO obvious."
Just so I am clear Homeport: Which individuals fall under the umbrella of "we're" and "guys" above??? The reason I ask is because seek doesn't mention anyone and you answered the post.
Am I missing something or is the plot to this drama far too complex??? Thanks for your help...
Can't help but think there is much more to the story EHP....
LOL......
"Truth will ultimately prevail where there is pains to bring it to light."
George Washington
Nice follow up condor!!!
So true mid.... sooooooooo true!!! Why would ERHC be PUBLICALLY broadcasting such while giving the appearance of just limping along towards the AIM and some sort of long term business plan???
Kinda of makes a reasonable person go HMMMMMMMMMM....
Or does "potential acquisitions" (in ERHC’s altered reality) translate into the generation and payment of an expense directly related to the state of potentially being acquired????
It could happen!!! Remember, this is ERHC we’re talking about.... lol