I was expecting revenue from Halo. Did they not increase their fleet size? Makes it hard for me to believe they are actually still working with them.

And what about the company in the Midwest that Jerome said they were selling products to in the December video? How can you have no revenue if you have sales?



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Loans from Wen-Shone Shiau last year not previously disclosed?

He has until Monday COB to file.

The latest card in the revocation proceedings was played by the SEC Division. It is up to the judge to do something now, IMO.


https://www.sec.gov/litigation/apdocuments/3-19419-2021-04-16-divisions-motion-for-summary-disposition.pdf




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Well there was 200 million added to the PS this week.

Good to know. Thanks.

The last increase to the OS was on March 27 (or thereabouts) with 400M shares being sold from the 1-A. Since then less than 400M share have traded so those shares are likely still being sold off. I believe much of the volume on Monday was from there.

And they haven't necessarily come into a lot of money. They have an agreement with CIT to fund them based on their invoices (my understanding of accounts receivable factoring), so how much money they will receive, and when, will depend on how many dongles they sell and how quickly they can sell them. To date, they have probably not sold all that many.


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Yes, there should be revenue from Halo since they were said to be adding vehicles to their fleet. Also, if I recall correctly from the Teal video, Jerome said they were selling something to a company in the Midwest so there should be revenue from that, as well.

It will be awfully suspicious if there is no revenue reported for Q1.




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Shell has plans in the JDZ? Link, please.

Thanks.




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Recent STP press article regarding Block 6. Nothing new, really. but optimism abounds. ERHC needs to git 'er done.

Oil: Well Jaca confirms “Active Oil System”, but still unable to prove existence of commercial oil
April 13, 2023

São Tomé, 12 April 2023 (STP-Press) – The Director General of the National Petroleum Agency, Álvaro Silva, announced that drilling in the well, identified as Jaca-1, in block-6, proved the existence of an oil system active, but which is still not in a position to state that there is commercial oil.

The director quoted information provided by the Galp/Shell consortium, and made this revelation to journalists, after the audience with the President of Parliament, Celmira Sacramento, to whom he went to inform the results of the first drilling in the São Tomé Exclusive Economic Zone.

According to Álvaro Silva, “what we can say, and we have the information, is that the companies are satisfied with the results, they consider it a technical success and that encourages them to continue the services and we are hopeful that we will have other drillings”.

The director of the ANP is convinced that in the next few years there will be other drillings and, eventually, other news regarding oil prospecting in the country's Exclusive Economic Zone.

Jaca-1 is the first exploratory well in Block 6 of this zone, drilled by the Maersk drillship Voyager, following the production sharing contract signed in 2015, involving the consortium composed of Galp STP (operator) with a 45% interest participatory, Shell STP with 45% of interests and the National Petroleum Agency representing the State with 10% of participatory interests.


https://www.stp-press.st/2023/04/13/petroleo-poco-jaca-confirma-sistema-petrolifero-activo-mas-ainda-sem-poder-provar-existencia-de-petroleo-comercial/




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Shell is currently shooting seismic in Block 10.


Oil company SHELL to start seismic survey in block 10 of the São Toméan Exclusive Economic Zone

The oil company SHELL, will start this month the process of seismic survey of oil block 10 of the Exclusive Economic Zone of STP. The information was advanced by the representative of this British company who met with the regional authorities to share the details of this operation. According to Nelson de Assunção, a SHELL representative, the seismic surveys will take place over the next three months. Block 10 is located between the islands of São Tomé and Príncipe and is 40 kilometers south of the Tinhosas islands.


https://www.tvs.st/index.php?controller=home&action=single&id=205



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Somebody must have unplugged their supercomputer.

In São Tomé and Príncipe, TotalEnergies holds two exploration licenses granted in 2019, one for Block ST-1 and the other for Blocks JDZ-7, 8, 11 in the joint development area between São Tomé and Príncipe and Nigeria. Two 3D seismic surveys were carried out in 2021 on these blocks and their interpretation is under way.


https://totalenergies.com/sites/g/files/nytnzq121/files/documents/2023-03/TotalEnergies_URD_2022_EN.pdf



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My “tighter ship” reference was meant only toward their recent history of being timely with their reporting and doing what has been necessary to avoid losing Pink Current status. Probably should have been clearer about that.




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That’s right, facts. Although SRMX is not a SEC filer, I believe OTC Markets follows that same “one business day” rule for late notifications.

However, SRMX has been late with reporting before and I don’t recall them ever filing the notification. I wonder if they will do it this time since they appear to be running a tighter ship these days.



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Interesting find, Krom.

Shell took over Kosmos’ interests in Blocks 6, 10, 11 & 13. BP was the operator in Blocks 10 & 13 but they have now quietly withdrawn. Seems a good sign, though, that Shell was willing to take on their interests after they had gained some knowledge from Block 6 drilling.

See page 359, just before “Asia”. Can’t copy and paste for some reason.


https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-annual-report-and-form-20f-2022.pdf




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VOS on market this coming August. So not Q1?


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OCFM, I haven’t looked around the website in a while. Any idea when this was added to the “Milestone” page as a 2023 milestone?

“August VOS 5G Dongle on market”


https://www.tricascadeinc.com/milestone




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While I doubt that Max paid anyone anything to be mentioned you are right that it is meaningless. Tri Cascade is named in these “research reports” from time to time but none are worth the paper they are printed on.


https://alloycrew.com/perspectives/tech-marketers-market-research-scams/





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Halo looks to be operational now, so they must have more than just a few test cars. It will be interesting to see how that is reflected in the AR and/or Q1.


https://www.halo.car/



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Where have you seen anything saying Shell has already decided to drill a second well? Last thing I saw was the Galp guy saying it would take a year before they could decide anything.




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OK, thanks. I saw that article and know what it said and what it did not say. It didn’t exactly paint the rosiest of pictures for ERHC.




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I missed this one.


“Africa intelligence is telling us there will be more drilling in the EEZ…”.


Link, please.




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Some here may find this interesting, but probably not surprising.


https://www.sec.gov/ix?doc=/Archives/edgar/data/0000825322/000149315223007816/form8-k.htm




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Someone needs to give AEI the contact information for the Kosmos IR guy so he can tell them that they are out of Block 4.


Block 4, eyed by TotalEnergies and Kosmos, still held by US junior ERHC

The Sao Tomé & Principe government formed last November by Prime Minister Patrice Trovoada is looking for a solution to the problem posed by Block 4. [...] (187 words)

Issue dated 15/03/2023


https://www.africaintelligence.com/central-africa/2023/03/15/block-4-eyed-by-totalenergies-and-kosmos-still-held-by-us-junior-erhc,109923762-bre



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Here To Serve Holding Corp. Acquires Ownership in Lithium Project to Expand Its Battery Metal Properties
Newsfile Corp.

Tue, March 14, 2023 at 7:25 AM CDT·5 min read

Rye Brook, New York--(Newsfile Corp. - March 14, 2023) - Here to Serve Holding Corp. (OTC Pink: HTSC) (the "Company"), a diversified holding company dedicated to finding ways to tread more lightly on the planet, is pleased to announce that its wholly owned subsidiary, Fortune Nickel and Gold Inc. ("Fortune"), has successfully acquired a 25% interest in the Juliaca Project located in Peru held in the name of Tamino Minerals, Inc. (OTC Pink: TINO) ("Tamino"), holder of a 75% Interest.

Based upon reports from Tamino's geologist, the Company is confident that the staked claims can produce a substantial lithium discovery and take advantage of the frenzy due to the high demand for lithium with a lower environmental footprint.

The Company plans to use satellite imagery analysis that applies artificial intelligence and machine learning as a non-invasive method to analyze the properties. The main benefit of this leading technological advancement is the ability to generate mineral exploration targets in a time-efficient and environmentally friendly manner.

The most obvious benefit of diversifying into lithium is the increasing demand. Numerous industries that require lithium are poised to break out in the future, with electric vehicles perhaps being the largest among them. Fortune seeks to develop both its nickel and lithium projects for electric vehicle batteries.

Battery metals have become an important industrial sector for the current administration due to the rapid production of electric vehicles. Zero carbon technology is on the rise and the Company is broadening its ability to succeed in the mining industry.

About Here to Serve Holding Corp.

Here To Serve Holding Corp. is propelled by the challenge of doing more with less. It owns two operating subsidiaries. Its subsidiary Fortune Nickel and Gold Inc. owns 182 mining cells in the Timmins mining camp in Ontario, Canada, which is prolific to nickel, gold and copper, and 25% of lithium claims in Peru. The lithium and nickel are targeted as a high-performance, sustainable, environmentally friendly component of batteries for electric vehicles.

The subsidiary ICF Industries Inc. owns a diversified basket of minority positions in publicly traded equities. It received these equity positions in exchange for consulting and financial reporting services. In addition to the financial reporting services, ICF is engaged in energy-saving solutions to reduce energy usage and optimize performance of renewable energy systems via a cloud-based technology that provides real-time information to users.

Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 0.


https://www.yahoo.com/lifestyle/serve-holding-corp-acquires-ownership-122500495.html



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The Division has pursued revocation further by filing a Motion for Summary Disposition as the Judge suggested they do. Now they, and we, wait (and wait and wait) for the Judge to rule on that motion.

Why the delay? Who knows.



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Oranto has 100% of JDZ Block 5 and 100% of EEZ Block 3, but I forgot that they are also now the “operator” of JDZ Block 2 with 65% to ERHC’s 30% and Foby’s 5%. So the JDZ block could be Block 2 but as you point out, no drilling data is mentioned and Block 2 does have drilling data.




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Nice find, Krom, but recall that while not yet confirmed to be involved in Block 4, Total is the operator of EEZ Block 1.

However, Total is a deep-pocketed super major that doesn’t need anybody’s help to bring a block to first oil. Oranto, on the other hand, needs all the help they can get and they’ve been looking for partners for years. And, yes, they are the operator of record for blocks in the JDZ, EEZ and Namibia, so I believe these offerings come from Oranto.

But, as you say, if their JDZ and EEZ valuations are accurate, that would be a positive for ERHC.




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Regarding Peabody, respectfully…


https://www.browncolonialmortuary.net/obituary/Timothy-Peabody




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Can’t get to it right now for some reason but last time I looked on LinkedIn there was a Marketing Director and Fallon McGeeney said she worked for Tri Cascade so maybe they are counting her and Bob? Plus there were maybe five other people in Taiwan.

Also, I don’t thing Shiau would count as an employee.



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Yeah, I figure 4/25 and 4/26 were just late comers, lured by the hype, buying from the 4/24 buyers after the hoped for run fizzled out.

I will look into the other days, as time allows, to see if it looks anything other than lots of shares being offered (dilution) at, or close to, an all-time low price (bottom-feeder traders).

And I believe the short volume is nothing nefarious, just market maker activity as explained in this link.

https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/



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Here to Serve Holding Corp. Announces Advancement of Exploration Projects with Axiom Exploration Group's Innovative Satellite Imagery Analysis Using Artificial Intelligence and Machine Learning

Rye Brook, New York--(Newsfile Corp. - March 3, 2023) - Here to Serve Holding Corp. (OTC Pink: HTSC) (the "Company"), a diversified holding company dedicated to finding ways to tread more lightly on the planet, is pleased to announce that its wholly owned subsidiary, Fortune Nickel and Gold Inc ("Fortune"), has successfully advanced the exploration on its Gowan and Beck-Ottaway Properties (the "properties") in Ontario through the services of Axiom Exploration Group Ltd. ("Axiom") of Saskatoon, Sask. (http://www.axiomex.com/). The two satellite surveys, which covered a combined area of 80 km2 using Synthetic Aperture Radar and Multispectral data from Sentinel and ASTER satellite sensor systems, were used as a non-invasive method to analyze the properties for nickel, gold and base metals exploration targets. Axiom utilized the data to complete a full-service package including data acquisition, processing, analysis, technical reporting, and claim management.

Highlights of the satellite surveys include interpretations of surface fault traces and new mineral exploration targets based on surficial imagery.

The mineral exploration targets recommended for follow up are generated using a weight of evidence approach utilizing all relevant datasets, such as digital elevation models, multispectral, radar, displacement, structure, alteration, specific target mineral spectra, vegetation analysis, rock discrimination analysis, false colour composites, sampling data, geological maps, weathering, soil moisture, soil mapping, geophysics, among others.

Axiom's Applied Analytics division uses proprietary algorithms, taking advantage of artificial intelligence and machine learning, to generate these complex datasets. The main benefit of leading this technological advancement is the ability to generate mineral exploration targets in a time-efficient and environmentally non-invasive manner.

The two satellite surveys each had their own technical report prepared and submitted by Axiom's Exploration division to the Ontario Ministry of Mines.

The results of the satellite surveys identified multiple prospective targets which will be the main focus of the planned exploration program. Fortune is presently working on a detailed exploration program for their Gowan and Beck-Ottaway properties in 2023. The exploration program would attempt to verify the satellite anomalies by locating alteration and mineralization associated with nickel, gold and base metals within the identified target areas.

https://www.newsfilecorp.com/release/157030/Here-to-Serve-Holding-Corp.-Announces-Advancement-of-Exploration-Projects-with-Axiom-Exploration-Groups-Innovative-Satellite-Imagery-Analysis-Using-Artificial-Intelligence-and-Machine-Learning


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After reviewing the events of the day in question, I am of the opinion that the billion share volume was caused by a feeding frenzy of tripple zero traders. Below is what leads me to this conclusion.

1. ERHC issues a press release/shareholder update the morning of April 24, 2017. A $0.0001 stock putting out PR will put the stock on the radars of traders and, while we cannot be sure, an slight uptick in volume may have occurred, but,

2. At 2:49 p.m., eastern, ERHC "backs up" this PR with an 8K on the SEC website. This was something they had not done for previous shareholder updates. A $0.0001 share price company "legitimizing" its news with an SEC filing...? That is manna from heaven for the momentum traders.

3. At 3:00, the first "unfamiliar" poster shows up on the ERHC board, "$erhe is going nuts after 8k. wow"

4. Over the next hour, 26 unfamiliar, enthusiastic posters made an appearance touting the greatness to come for ERHC Energy . If 26 people, give or take, in the iHub world (some with thousands of followers) bought in during that one hour window, how many in the general trading universe did so, as well? One poster even wrote, "My group is in on that 8K.".

So, yep, just traders being traders.



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Just when I thought I was out, the pull me back in!

Two annual reporting periods after they were, allegedly, out of Block 4, Kosmos continues to carry a subsidiary named "Kosmos Energy Sao Tome and Principe Block 4". In this time they have removed 11 other subsidiaries from the list. Why the affinity for this sub that they just can't bring themselves to delete it?

Things that make me go, "Hmmm...?".


https://www.sec.gov/Archives/edgar/data/1509991/000150999123000021/exh211-12312022listofsubsi.htm


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Agreed.


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A little more from the recent chat between the Galp guy, Muggli, and the STP Prime Minister. Muggli says a bit more than just the caption from the post, so maybe Krom could provide a translation of his, and the reporter's comments for us.

Galp and Shell need another year to complete analyses of drilling data on “JACA” oil bloc, Galp director for Africa says after meeting with Prime Minister and Chief of Government.

https://www.facebook.com/governostp/videos/602823035013096


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RKT, the only known requirement for ERHC to retain its rights to Block 4 past the October 1, 2024 expiration date is that the block must be in production by that date. It is going to take a super fast-track effort by Total (or someone) to make sure that happens.

However, as Krom stated, these things can always be extended/renegotiated if all parties are willing. Maybe that is something that is taking place right now.

The Company’s rights in the JDZ and in the EEZ expire on October 1, 2024, or if the company has a producing working interests in any Block(s) at October 1, 2024, the Company’s rights extend in such Block(s), as long as the Block(s) remains in production.

https://www.sec.gov/Archives/edgar/data/799235/000114036109018825/form10ka.htm



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Except that, according to this re-reporting of the article in question from Reuters, the Negocios newspaper writer's source for the Mozambique information was not the Galp earnings call but "an unidentified source linked to the energy sector". Additionally, Reuters says that "Galp declined to comment" on the report of the Mozambique sale.

Max exists. He was around before Alan came on the scene.




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Agreed on the contradiction, Opus. Would be nice to be able to read the entire article to see if any context was put on the word “horizon”.



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