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Better than having Pandora's Box! LOL
Mine won't even talk to me about this stock anymore! I have gotten so used to the dog house I have my mail sent there now!
Best to you as well Nick! Hope you catch a 5 lb Crappie this year!
Well said! I ditto that.
Sorry, but can't even afford to buy this stock at 7.5 cents! LOL. But will wish you good health, happiness, and luxurious prosperity for 2012. Best I can do for you!
Maybe we just need to send some good ole boys from Texas over there to show them how to round up all them wily and stray elephants!
Merry Christmas to all! May next year find all of you happy, healthy, and prosperous!
Well said and taken. Same to you and your family. Hopefully you will all be able to get together for the holiday.
here's his answer:
Mike:
I saw the story but don’t have any information on it. Information on our interests in JDZ Block 5 are available at http://erhc.com/jdz/. Unlike JDZ Blocks 2, 3 and 4, in which ERHC was awarded a large percentage of each Block, ERHC has a relatively small percentage interest in JDZ Block 5 of 15%. As an aside, as noted in the 10-K that was issued last week, ERHC’s 15% interest in JDZ Block 5 is currently the subject of arbitration (and has been since 2008). See page 17 of the 10-K. I am not suggesting that this has any relevance to what you were asking about, other than it pertains to the Company’s interests in JDZ Block 5.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
I sent a letter to DK to see if they will be announcing this soon. Hope we are getting carried again and have money coming in. That would really take a load off. Maybe that is why they are not worried about the cash burn rate. Since it is in deeper water I would not expect much in money.
probably the guy reading the logs on each of the drills was eating beans the night before. He was so overwhelmed that all he could think of was Biogenic Gas when he was writing the report so that is what he put in it. Kinda hard to believe we can go from 14 Billion barrels to just farts but that is the story they want to feed us so we just sit and wait. MGT is buying recently and I doubt they would throw away their money if everything is as dismal as they lead us to believe. Still holding my shares with an iron fist.
my problem with them not know enough about the systems is that there are dozens of producing properties all around them. APKO is just a few miles away. Now suddenly the geology is totally changed and they cannot figure out how it changed only in our blocks? I would think the controlling elements will be the same thru out the GOG.
I don't see any misinterpretation at all. SNP wanted to move to Phase II without divulging the results of their testing (they said they needed more time to study the Biogenic Gas in other words). The JDA said no way Jose, we will just give you more time to finish your studies (Biogenic Gas, Really?). But we do not have big enough cajones to make you stick to a time line so we will give you a little more time because Total will drill in Blk 1 soon so you can see what they come up with as well. Then we will all have a very clear picture of the zone and you can then put up or get the h ll out of my patch!
my uneducated guess will be that the money in the bank has dwindled to $8.5 to $9.0 million. May be less since they went on an acquisition spree that could not have been free!
The really big questions are when SNP wanted to go forward on phase II and the JDA said no unless they release the drill results, Why did SNP balk at giving out the real results? Why are they stonewalling the JDA? Does the JDA have someone that can verify the drilling logs to make sure they are not getting smoke up the wazoo? If there was only Biogenic Gas found why did they not release that and either move on to Phase II or bail out? How can one of the top seismic companies in the world say there is appx 14 Billion barrels in the JDZ yet we cannot find a drop in 5 wells dug? How do you find oil when you don't even drill down to known depths at surrounding properties? This skunk parade is getting real old. I expect we will see PN's Cheshire Cat imitation again and political BS in the next conference call. He takes lawyering to a whole new level!
I hear you! LOL
I sounds more like the JDZ is a bust if Chad is infinitely more prospective.
problem is our blocks only contain worthless Biogenic Gas according to our illustrious Mgt! We have questioned them repeatedly if they really mean Natural Gas or Thermogenic Gas but they are adamant that we only have Biogenic Gas and thus all the Akpo infrastructure in the world will not help us. Unless, of course they are lying to us in order to keep the sp down for some reason. Why else would they lie?
while savoring a snifter of Hennesey? Or a spot of Remy Martin? Enjoy your holiday in any case!
Huh Oh. I feel another extension coming on! Even if they started drilling right now we are looking at 2013 before anything might be declared. Man, this stock sure tries a man's patience!
Thanks Dig. It was an honor getting to post a message on his site.
I am so sorry to hear that! I am glad his family got to see him thru Thanksgiving. Please convey my deepest condolences to his family. He gave us all a lot to think about over the years. May he rest in peace.
Krombacher,a moral dilemma can only occur when you have knowledge of facts that point to the only conclusion that can be made concerning legitimacy. If you know for a fact that ERHE is conceived via ill gotten gains or is being manipulated illegally then you have a moral dilemma on whether or not you should proceed with your investment or sell and go on or turn over your facts to the authorities as is your duty. But this stock has no proven illicit facts that we can find. As a matter of fact the only thing proven with this stock is the management has a propensity to half-truth, innuendos, and exorbitant spending. It has its largest shareholder a man that is Knighted, well loved by his charities, and has a dubious past that is painted with the best Teflon in the world. We choose to keep the stock that we have invested our hard earned money only because our gut feeling tells us that the smoke and mirror show will ultimately produce huge gains for us in spite of the drama and lack of facts to the contrary. When the largest stockholders sell and management sells then I will be close behind them. Until then I will hold my shares with an iron grip!
Uh, I thought OBI is no longer president!
Happy Thanksgiving to all! Heartfelt best wishes to BB and his family.
Wish you were here! I would love to share a pint with you some day.
His article was dated Oct. 10, 2010. Sorry Farrel
Maybe he can tell the difference between Biogenic Gas and Natural Gas! Let him double check the Chinese to see if they are blowing biogenic gas up our...
ETA shows today in will arrive in Cape Town. They may be going there for some repairs before heading to Nirvana!
They are two separate transaction types. One of them is Non-Derivative transactions and the other is Derivative Transaction. That is why the owned shares are different.Trying scare tactics again I see.
Good news Homeport. By the way who is Symour Ceng?
Edit: never mind. They just had the spelling incorrect:
http://erhc.com/leadership/
Thank you amj. Our prayers go out to him and his family. I know full well the situation. My mother went thru that as well. Please tell him we appreciate all his time and efforts on this stock. Sometimes it is just nice to know somebody appreciated what you do.
with the end of year tax sell off looming it would not surprise me but it would definately disgust me especially since I can't afford to buy any more with a son in college.
We all share your pain! LOL Due to the volume of the word Fortnight used on this stock there has been new variations added: Fortmonth, Fortyear, and Fort you ;(!
ROFL. Priceless quip.
I don't like the sound of this: "Trovoada said his country had to move towards "sustainable development" without counting on oil, saying that if it were discovered it should be seen as a "bonus".
Those sneaky elephants must have gone into hiding again! Maybe they are traveling up and down that river of oil that is supposed to be down there. Perhaps instead of elephants we should be looking for...
Wait for it........
HIPPO'S!
That is from July.
This is the "put your shares under the mattress and walk away for awhile" stage. I am so far under water on this that I could almost personally physically look at the drill sites and see the biogenic gas floating out of them! I can verify that the only elephants running around down there are the elephant seals! I also do not see any river of oil meandering though either. Maybe it is due to effect that the Biogenic Gas is having on me! Smells a lot like some of the rants that middy has daily! LOL
see Nick. He is in charge of the wooden nickels! He's a little stingy with them sometimes though. You may have to promise to take him fishin before he will let loose of one.
I am pretty sure that is correct. Addax had a ship over a year before they actually drilled but then cancelled it. They had to have had the JDA drilling location approval then.