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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 BP was the operator in Blocks 10 & 13 but they have now quietly withdrawn.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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Some more Galp news re: Block 6
Government and Galp analyze oil exploration in block 6 of the São Tomé Exclusive Economic Zone with the presence of its representative for Africa
The government and Galp took stock of the status of work around block 6 of the Exclusive Economic Zone. The representative of this Portuguese company for Africa, Roland Muggl, was received by the Prime Minister, Patrice Trovoada. After the drilling of block 6 in 2022, the process of studying the impact and collecting oil information in the EEZ of São Tomé and Príncipe continues. According to Roland Muggol, the risks are great and it is not possible to proceed with new drilling at the moment. Muggol assured that studies are ongoing and nothing can be done until the whole process is completed.
https://www.tvs.st/index.php?controller=home&action=single&id=159
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Some recent Galp news. Unfortunately, a subscription is required to see more.
Galp has a position in Mozambique gas for sale
The national oil company has mandated Bank of America to find buyers for the position it has in the natural gas project called Coral Sul, located in northern Mozambique. Departures from São Tomé and Namibia are also on the horizon.
https://www.jornaldenegocios.pt/empresas/detalhe/galp-tem-a-venda-posicao-no-gas-de-mocambique
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I'm not familiar with any statute of limitations rules with regard to ownership reporting but, if they exist, then you could be right.
I'm not a lawyer, either.
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Is sneak’s son aware that he is in violation of SEC regulations?
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Is this a sneak peek at the next pump? From the date shown it looks like this promotional piece wasn’t supposed to come out until Monday.
https://www.fiercewireless.com/sponsored/realizing-true-value-wi-fi-6
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Recycling news much more quickly these days. Only six weeks for this one.
https://www.einnews.com/amp/pr_news/610585836/tricascade-inc-announces-ipad-compatibility-for-vos-5g-of-secure-internet-ultimate-speed-solution-without-wi-fi
https://www.qcnews.com/business/press-releases/ein-presswire/609174690/srmxs-tri-cascade-inc-announces-its-vos-5g-dongel-is-now-usb-c-port-compatible-with-apples-new-ipad/
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Correction; I should have said that Galp has not made a commercial oil discovery in Namibia. Yet.
As with EEZ Block 6 they did find a working petroleum system in one of their Namibia blocks.
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Seen it mentioned a few times so it should be noted that Galp has not found oil in Namibia. Yet.
They have interests in 2 blocks that they think have good potential for oil, more so because one of those blocks is adjacent to the blocks with recent discoveries by Shell and Total.
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Encouraging to read that Galp's Thore Kristiansen referred to their Sao Tome EEZ assets as a "big diamond", yesterday, despite Jaca-1 being non-commercial. All of the analysis they have done to date must still be showing them something they like.
And then let me underline once more, which Filipe just did in his previous intervention, Galp has two really big diamonds in its portfolio being Namibia, right. In my view, we have the best Zip Code. We have around 2,000 meters water depth or some of our colleagues that is in neighboring blocks operates at 3,000 and deeper.
So, of course, if we make a discovery there, this can be extremely profitable barrels. And also Sao Tome and Principe and how we have drilled the first well and being in a region, where we drilled 66 wells before we found any oil. This actually hit for this - in the first well. We proved there is a working petroleum system in Sao Tome and Principe. And Galp is very well positioned in three very interesting opportunities in Sao Tome Blocks 6, 11 and 12.
And I think you should look forward to further derisking of that in the next years to come.
https://seekingalpha.com/article/4577947-galp-energia-sgps-s-glpef-q4-2022-earnings-call-transcript
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Thanks, Krom.
Yes, JDA not JOA. Must be contagious. LOL!
OK, let's hope that stuff really is happening in the JDZ.
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Perhaps, but I just can't tell if by "are out" he means "are no longer interested in pursuing the rights we fought so hard and spent so much money to protect" or "are not currently in".
This week's 8-K makes me think it is still a possibility that Kosmos is somehow involved. Others are free to think differently.
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Completely agree. But such a document for Block 2 is only in work, per the 8-K. When the contracting parties on the block finalize it, then it will be presented to the JOA for approval, if it even has to be approved.
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