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The days of making significant money with this stock, is long gone. It's gotten to the "cheesy" stage, IMO
ERHC Energy Inc. Provides Guidance to Previously Announced Rights Offering
HOUSTON, January 16, 2013 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded
American company with oil and gas assets in Sub-Saharan Africa, today provided
continuing guidance related to participating in the Company's ongoing rights
offering. In late December, ERHC distributed on a pro rata basis one
non-transferable subscription right for every three shares of common stock
owned. Shareholders as of the close of business December 17, 2012 are eligible
to receive subscription rights, each of which entitles the holder to purchase
one share of the Company's common stock at a subscription price equal to $0.075
per share.
The Company plans to apply the funds to specific exploration and development
activities in the Republics of Chad and Kenya, as well as for general corporate
purposes and working capital needs.
The rights offering is being made only by means of the Prospectus Supplement
filed by the Company with the SEC on December 27, 2012.
Shareholders who hold their shares directly should have recently received the
Prospectus Supplement, together with a letter from the Company describing the
rights offering, a Shareholder Subscription Rights Agreement, instructions for
how to complete the shareholder subscription rights agreement, and IRS Form W-9.
Those wishing to exercise their rights should review all materials, properly
complete and execute the shareholder subscription rights agreement and deliver
it and payment in full to the subscription agent:
Corporate Stock Transfer, Inc.
Attn: Operations Department
3200 Cherry Creek South Drive, Suite 430, Denver, Colorado 80209
Shareholders whose shares are held in street name through a brokerage account,
bank or other nominee, will not receive the materials described above and must
instruct their broker, bank, or nominee whether or not to exercise subscription
rights on their behalf. Those wishing to obtain a separate shareholder
subscription rights agreement should promptly contact their broker, bank, or
other nominee with that request, although it is not necessary to have a physical
shareholder subscription rights agreement to elect to exercise rights if shares
are held in street name.
Shareholders who wish to exercise subscription rights but will be unable to
deliver the shareholder subscription rights agreement prior to the expiration
date can deliver a Notice of Guaranteed Delivery in accordance with the
directions in the prospectus supplement.
Shareholders who fully exercise their basic subscription rights are eligible to
over-subscribe to purchase shares of ERHC common stock offered in the rights
offering that are not purchased by other rights holders pursuant to their basic
subscription privilege. Those wishing to exercise their over-subscription
privilege must specify the number of additional shares they wish to purchase,
which may be up to the maximum number of shares of common stock offered in the
rights offering, less the number of shares purchased under the shareholder's
basic subscription privilege. If there are not enough shares of common stock to
satisfy all subscriptions pursuant to the exercise of the over-subscription
privilege, we will allocate the shares that are available for purchase under the
over-subscription privilege on a pro rata basis among those rights holders who
exercise their over-subscription privilege.
The rights offering is scheduled to terminate at 5:00 p.m., central time, on
January 31, 2013, unless extended. Holders of rights will need to exercise their
subscription rights prior to that time and date.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy shares of the Company's common stock, nor shall there be any
sale of these securities in any state in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of any such state.
Those with questions can direct them to the subscription agent, Corporate Stock
Transfer, 303-282-4800, or to Dan Keeney, ERHC Investor Relations, 214-432-7556,
or e-mail dan@dpkpr.com. A copy of the Prospectus Supplement may be obtained
from the subscription agent, Corporate Stock Transfer, Inc. (Attn: Operations
Department), 3200 Cherry Creek South Drive, Suite 430, Denver, Colorado 80209.
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 shareholders, 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 shareholders' 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.
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Is that the same as Professor Irwin Corey, "The World's Ultimate Authority"
Great query. Many of us are wondering the same thing. Especially after Peter is saying that is has never been so optimistic about our prospects.
I didn't realize That Schrull is Nigerian! lol
Good question for Peter.
ERHC Energy Schedules First Quarter 2012 Conference Call
HOUSTON, February 6, 2012 – ERHC Energy Inc. (OTCBB: ERHE), a
publicly traded American company with oil and gas assets in
Sub-Saharan Africa, today announced it will hold a conference
call at 8:00 a.m. Central Time on Friday, February 10, 2012 to
discuss first quarter 2012 financial results and provide an
update on company activities.
Anyone interested in participating can access the call via
phone or webcast.
By Phone: Dial 888-669-0684 (US & Canada) or 201-604-0469
(international) at least 10 minutes prior to the call. A
telephone replay will be available through February 17, 2012 by
dialing 888-632-8973 (US & Canada) or 201-499-0429
(international) and using the access code 25185524#.
By Webcast: Visit the ERHC Investor Center at
http://erhc.com/investors/. Please log in at least 10 minutes
in advance to register and download any necessary audio
software. A replay of the audio webcast will be available
shortly after the call.
Those wishing to submit questions beforehand can do so via
e-mail at Q1Questions@ERHC.com. Investors participating by
phone may ask a question live during the call. Participants
also may send questions in advance by clicking on the "submit a
question" link under the webcast link at the ERHC Investor
Center at http://erhc.com/investors/.
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 shareholders, 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
shareholders' 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 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.
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Does anyone have the phone number for conference call. tia
Stocks called me yesterday about the news. We get to know one another through our mutual investment and we have shared births of children and loss of love ones. This news is particularly hard to take. BB has always been one of the stalwarts of this board and very well respencted. I miss his posts and his undying enthusiam that he shared with all of us. Hopefully the good Lord has one more recovery left for him.
Walldog posted a week "this has Offer written all over it". This seems to have been the story from the getgo. We'll see......
There undoubtedly be trading, profit taking etc. Expect the usuall suspects (bad dog et al) to keep the presure on ( I wonder if Mark G has any "contacts" in Chad lol.) We have yet to hear the whole story on this latest "coup", but wasn't the JDZ and EEZ a coup as well. All good as far as I can see;
Nice to see you back Dog.
bid and ask please.
I put an order in for .145 and I am hoping they fill the gap before long.
bid & ask please
Is Romney one of them? lol
Whew, I am so relieved that its only 12 months instead of a fortnight. LOl
Don't bogart that joint my friend.....Lets see if Mark jumps in here anytime soon.
Please don't take this the wrong way....but I hope your 103! lol
I don't mean to be, whatever, but you do mean they purchased ERHE
Actually my over and under is .09 to .14 If I have some cash at that point I will defintely jump in, the way Mark sold all the way up while he was pumping the chit out of this. C'mon does anyone really really care at the end of the day?
I do own shares, about 5000 of them. I had a 100 times that amount at one time. Look I am not trying to be negative but painfully realistic. At one time people on this board were talking about $100 pps and Barry Morgan was talking about one massive stream going through the JDZ. He reported that Chevron was in direct negotiations with Offor to prevent an all out bidding war for Erhe. We had great Kool Aid and the sky was the limit.
Then the raid on headquarters and its never ever been quite the same except for the now infamous white board snafu which fueled the buyout rumors for a time being. Sfreed post rings a lot truer to this investor, then all the positive spin that is put on this stock with no real news to back it up other then inuendo, all IMHO.
I used to own tons of it and held on to it ,and the dream, far to long. I appreciate BB's spin and hoping that some of it would come to pass. Never has come close. I still hope the dream comes true for all the steadfast longs, the story is still very seductive, but at the end of the day SFreed last post seems to make the sense to me at this time.
Sadly, I have to agree with him. Not Balance, not Krom, not Oily nor anyone can put the dots together anymore....no more dots...plane and simple IMO.
Isn't the run up to .40 & beyond inevitable? For those who have been in this stock the trend has been, usually driven by rumor, up in the spring followed by an inevitable slide by the end of the year. We are set up for a March run up, fueled by yet another "announcement". I admit, I will be looking for Mark's ****UP DATES**** with great anticipation, this time with my finger on the sell button.
The bottom line is that the investment community isn't buying it either. We sit at a sickening 22 cents.
It's the latter, IMO. In the words of Barney Franks "bend over America"
Touche BB; Great stuff!
Alpha trade shows the bid at .20 and the ask at .36. ????
Into the ground? Its never got off the ground. Unfortunately I have been on this dumb horse for years, albeit with a lot less shares.
What are we waiting for again...I forget LOL
Bid & Ask Please
Someday, unfortunately not anytime soon IMO, this may turn out to be something. I've been here for 6 years and honestly believing that I would be retired by now. This is a perfect stock for junkies and gamblers at this point.
Dots!! What !#*% dots? Its like Custer saying Indians. What indians..this is a massacare!
Probably his best post ever.
.615 x .70?
I now show .615 x .71 on Alpha Trade. MM's look like they are sending a signal...don't touch LOL
I hope you are both right on this one.
I show no action on Alpha Trade anyone else? tia
Its been that way for about a week now at least on Alpha Trade.