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The current market cap is less than 300K. Can you imagine what it will be after another R/S if the stock falls from the conversion price which it probably will.
How could there be billions of shares available at .0001? Don't you think that they have issued almost all available shares
Can you please tell us at what price are you in PPHM?
$PPHM good luck -- I went big 12,000 shares on 4 accts total 48K shares - looking for $1.00 also.
Etrade based on share price of .0002
Market Cap 417.0 K
Shares Outstanding 2.1 B
I am interested in your take on PPHM. I own some and thinking about buying more. Does the rising 50 moving average override the Slow Sto turning down and the fact that is already had a big run and is trading above the top BB?
Does this affect ERHC?
Did oil company's give up after one dry hole in:
Texas
Gulf
North Sea
Alaska
Etc
Why would they give up in
JDZ
Kenya.
Cost?
With current technology can they tell that there is not commercial oil in an entire block after one well?
how long do they have to file?
How can a company write off a whole block after 1 unsuccessful well. You live in Texas. Was the first well drilled in Texas successful? Did the companies write off the whole state of Texas after 1 unsuccessful well. Wouldn't that have been a mistake.
I have heard it generally cost about $10K to issue a 10K or 10Q. Why would ERHC continue to issue current fillings? Is it because it enables them to continue to issue CD's or is there some other reason?
If you have time please visit their office and see what's up.
Someone still answering phone at ERHC. They confirmed 10Q due Feb 14th.
Keeney doesn't need the paycheck from ERHC. Look at his other list of clients. He is very successful and respected in the pr business (other than here). Not sure why he is still representing ERHC other than loyality,
http://www.dpkpr.com/experience/
DK says 10Q due by 14th unless delayed.
Another R/S?
Why would they spend the money for the 10K if they were going to let it go to no bid?
Is there any possibility than PN and SO could be part of the CD issuers? They could then convert and sell and make even more money.
Midtier: Do you think ERHC will have to have another R/S soon?
ERHC Energy Inc. Signs Memorandum of Understanding with Starcrest Energy Nigeria Limited
Creates Area of Mutual Interest; Explores Joint Participation in Licenses
HOUSTON, TX--(Marketwired - Jan 19, 2017) - ERHC Energy Inc. (OTC PINK: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced the signing of a Memorandum of Understanding (MOU) with an Starcrest Nigeria Energy Limited.
Under terms of the MOU, the parties will explore joint participation in Nigerian oil and gas exploration and production opportunities, as may be mutually agreed. ERHC expects to enter into additional agreements with Starcrest in due course. The parties are currently in discussions over specific projects and investment opportunities in the parties' respective assets.
Starcrest has interests in several Nigerian oil and gas exploration and production blocks including OPL 291 and OPL 242. Starcrest also has an indirect interest in OML 40 (through its stake in Elcrest Exploration and Production Limited, the 45 percent holder of the block). Starcrest is a member of the Chrome Group of companies, the founder of which is Sir Emeka Offor, a shareholder in ERHC.
ERHC's onshore exploration assets include a 35 percent interest in Block 11A in Northwestern Kenya and a 100 percent interest in Block BDS 2008 in Chad. ERHC's offshore interests include 100 percent of the rights to Block 4 in the São Tomé and Príncipe Exclusive Economic Zone (EEZ) as well as interests across several oil blocks in the Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ).
ERHC Energy Inc. Signs Memorandum of Understanding with Starcrest Energy Nigeria Limited
Creates Area of Mutual Interest; Explores Joint Participation in Licenses
HOUSTON, TX--(Marketwired - Jan 19, 2017) - ERHC Energy Inc. (OTC PINK: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced the signing of a Memorandum of Understanding (MOU) with an Starcrest Nigeria Energy Limited.
Under terms of the MOU, the parties will explore joint participation in Nigerian oil and gas exploration and production opportunities, as may be mutually agreed. ERHC expects to enter into additional agreements with Starcrest in due course. The parties are currently in discussions over specific projects and investment opportunities in the parties' respective assets.
Starcrest has interests in several Nigerian oil and gas exploration and production blocks including OPL 291 and OPL 242. Starcrest also has an indirect interest in OML 40 (through its stake in Elcrest Exploration and Production Limited, the 45 percent holder of the block). Starcrest is a member of the Chrome Group of companies, the founder of which is Sir Emeka Offor, a shareholder in ERHC.
ERHC's onshore exploration assets include a 35 percent interest in Block 11A in Northwestern Kenya and a 100 percent interest in Block BDS 2008 in Chad. ERHC's offshore interests include 100 percent of the rights to Block 4 in the São Tomé and Príncipe Exclusive Economic Zone (EEZ) as well as interests across several oil blocks in the Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ).
TULLOW OIL DISCOVERS OIL IN KENYA’S BLOCK 13T ERUT WELL
January 17, 2017 in New Discoveries, Top News
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Tullow Oil plc has announced that the Erut-1 well in, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres. The overall oil column for the field is considered to be 100 to 125 metres.
The objective of the well which was drilled ten kilometers north of the Etom-2 well was to test a structural trap at the northern limit of the South Lokichar basin and shares important characteristics. Fluid samples taken and wireline logging all indicate the presence of recoverable oil.
“This is an exciting discovery from a bold exploration well that proves that oil has migrated to the northern limit of the South Lokichar basin. This extends the known hydrocarbon limits of the basin beyond the successful Etom discovery into the underexplored northern part of the basin where we have several undrilled prospects,” says Tullow Oil exploration director Angus Mccoss.
Erut-1 which commenced drilling on December 18th 2016 successfully shows that oil has migrated to the northern limit of the South Lokichar basin and has de-risked multiple prospects in this area which will now be considered in the Partnership’s future exploration and appraisal drilling programme.
“We are very pleased with this result which further confirms the potential of the northern portion of the Lokichar Basin unlocked by the Etom-2 discovery. We are very keen to expand our current drilling program to test additional prospects in the area which have now been de-risked by this discovery. Increasing discovered volumes will further enhance the development and pipeline project planning currently moving forward,” said Africa Oil CEO Keith Hill.
The PR Marriott Rig-46 drilled the Erut-1 well to a final depth of 1,317 metres and will now move to the southern part of Block 10BB where it will spud the Amosing-6 appraisal well.
Tullow Oil in its last update last week said it would consider expanding extending the programme by up to four additional wells in 2017, depending upon the assessment of the results from the initial four wells.
Tullow operates Blocks 13T and 10BB with 50% equity and is partnered by Africa Oil Corporation and Maersk Oil both with 25%.
Additional notes
— Tullow has found 25m of net oil pay. This means that we have drilled vertically through 25 metres of rock that is holding oil. We cannot yet extrapolate exactly how much oil that is but it’s very encouraging.
— This discovery is very significant and shows us that oil has migrated to the very northern part of the South Lokichar basin “the Northern Triangle” which has been underexplored thus far. This was a wildcat well and not an appraisal well so to find oil here is very encouraging indeed for the wider prospectivity of the basin and the rest of our exploration and appraisal campaign. The key message here is that finding oil this far north substantially reduces the risk when drilling other wells nearby. The fact that we have found oil here makes it much more likely we will find even more oil in the area as we explore and appraise.
— This discovery does not change Tullow’s view of view of prospective resources. We won’t be able to do that until later in our exploration and appraisal (E&A) campaign. It is important to realise that with an onshore project like this, that we will always add to our resources in relatively small steps and as we go along. This is why de-risking is so critical. However, we are on track with our 1 billion+ barrels of oil target and confirms our optimism that we can do this though the current campaign.
— The next well will be drilled at Amosing- an appraisal well. We will look at the data from the Erut-1 well and assess where to drill next in the Northern part of the basin.
Pleas tell us what your 3 buys are.
How things have changed. Your first post in 2005.
This is A breath of fresh air.
Its nice to see a ERHC board where level heads prevail with out all the unfounded hype. Thanks for the invite. PL
Would an IRS lien force the company to use money raised from convertible deventures to pay some of the lein rather than paying exorbitant salaries?
Are you still adding shares?
www.erhc.com can't be reached this morning??? Hopefully just a temporary issue.
www.erhc.com’s server DNS address could not be found.
www.erhc.com can't be reached this morning??? Hopefully just a temporary issue.
www.erhc.com’s server DNS address could not be found.
Why not buy another $5 worth of stock and in 31 days sell the shares you bought for $37,590 and take the tax loss.
How about GSS. Been pretty strong even with price of gold down
Sure it can with another r/s
Anyone know what kind of a trade this is today pre market
Time Price Volume Market
08:37:44 c0.00121 4800000 OTO
Finally your big day is here!! Did you sell a lot of turkey's this year?
SSC does buy, he said he flipped ERHC for a 100% gain last week. Nothing wrong with that.
Probably a good lottery ticket at these prices Buy 100000 shares for about $175. May lose it all but who knows.
Are you still adding shares here?
Me. Bought in 2000. @.03. Sold at various higher prices.
Are you still holding your weed stocks?
Winner winner Turkey dinner!!!!!!!
Don't you think we should all find another stock to trade instead of beating a dead horse. Everything that can be said has already been said multiple times.
What are your top 3 Gold stocks here other than GSS which I know you like? VGZ?