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Niko, good to hear you are not a basher after all. My apologies! S2r
Niko if your intent is to disparage this stock by showing stock analysis then you will not succeed with us. We know what the financials are inside and out. This is a start up company that only owns awarded acreage and is in the process of completion of partnership agreements and joint operating agreements. We know they do not have income etc. But when the psc's and joa's are signed they become tradeable and sellable assets. We have already seen we are getting $18 mil. on blk4 just for letting our partner be our partner! When the drill bit hits the sand this will be a different company. When the oil gushes so will the sp. Go find another stock to bash. This is money in the bank and is building up to explosive growth in a short amount of time. All pinks are risky to a high degree but this stock is as close to a once in a lifetime as you can get. It is a multi-millionair maker for those with the stomach to wait it out.
Long and strong. S2R
Balance , where are you seeing the 2d graphics on block 4? Are they available on each block? Thanks. S2R
Is there any way to shut off the flashing signs next to the text box. It is very annoying to try to read posts with that garbage flashing.
xxxmax go to erhe energy site, look for company business, then jda information. It will bring up a picture of not only the JDZ but also the blocks in the EEZ. I tried to copy and past the picture but it would not let me.
Oilman, there may be 710 mil shares outstanding but remember 350 mil belong to offer and probably another 100 mill to major share holders. that leaves 250 or less shares to be traded on a daily basis. The major share holders have to file their intent to sell. That makes quite a difference when you look at the avg trades daily.
Did you all notice the writer could name all participants in the block except ERHE which he just stated "another nigerian company". Seems like we are getting no respect still.
investorbynight, the JDA has been staring at the pot for so long they did not bother to look down and notice that someone forgot to build a fire under the pot!
that is alot? 6.87% of 2.9 cents? man you really are stretching.
You guys are all excited about the buyback announcement yet the sp is dropping! What is so exciting about that?
Why should they put out another schedule? They would only make themselves look even more idiotic (if that is possible) when they blow past it as well.
Art, they are completely off on my computer. I also checked on press releases link and they were gone there as well. Probably another delay with the lost signature bonus in STP from Block1. If I remember right there was quite a stir over the bank when the money was deposited because it was not the bank that was decided upon in the setting up of the JDZ. I think something very fishy is going on. Nigeria sends the money where they want it to go and then it disappears? Why didn't they just send STP's money directly to them?
Tel: +234 (0) 9 524 1069
Fax: +234 (0) 9 524 1052/1061
any one can call Sammy. He may not answer however. I have talked to him and he can be very evasive. Make a good politician.
alsoer, go suck an egg. A rotten one would still be sweet to you! My ignore of you will definately make my day feel better!
I am more than a little nervous about this after reading this article. Check out the part that says they cannot afford to drill in deep offshore sites! They do not have the equipment or the experience to work there. This is not what I want to hear as an investor. This article is from Sept. of this year. Why are they changing their tune now?
http://www.addax-oryx.com/pdf/WP-JCG09-05.pdf
Procon can you get mutwadi to pass on the name of the new partner?
bb you are right. ERHE will not lose its rights because they have always been guaranteed by treaty. The only thing they will lose is the partnership/operatorship. They will still maintain the 25% no matter who gets operatorship. and whos to say they will lose the operatorship if they find a suitable partner? Remember the consortium won the bid not Nobel by itself. If a new partner is secured that can show the ability and willingness to pay then the consortium is still intact. Just the names have changed.
If there was not a boat load of oil there do you think all these bs delay's would have happened? Why would anadarko be fighting tooth and nail to regain the block? Why would XOM be trying to do backdoor deals to get operatorship? Why would a company bid $90 MILLION dollars just for the right to drill? Why would Noble commit to 3 wells in one year? Me thinks there is major oil there, everyone knows it and wants a piece of it. Elephants are rare around the world now. Most drill sites are looking for up to 500 million barrels. Do you think they would walk away from 3-4 BILLION Barrels of oil and Trillions of CF GAS? Not without a fight or someone has something very legal to hold over their heads. Devon only pulled out of block 3 partnership because they could not get a big enough piece of the pie. Do you think they would have pulled out of block 4 operatorship with 60%? I very much think not.
Remember, Noble signed a partnership agreement with ERHE last year for a block. They did NOT do the same for any indies that may end up on the block. The consortium of Noble/ERHE won the block operatorship. The indies have to show ability to pay their share on their own. Noble said they would carry ERHE to first oil because they have a partnership in the block in exchange for 15% of erhe's rights to the block. They are not obligated to pay for the indies as well unless the JDA has once again changed the rules in mid-stream. Remember when they had to change some sentences last february that caused a further delay? I would not put it past the idiots to do something like that again. Especially since Nigeria made bidders promise to build infrastructure in order to get preferential treatment. Maybe JDA is taking a page from that book and saying by the way, now that we have you by the yahonies, we want you to pony up the scratch for our favorite indies as well and we need a new water filter system, roads need repaving..........
Guys, if a large shareholder is going to sell they have to file with the SEC before doing so. The only one to file this year is John Coleman. We have been speculating that FAB might be the culprit but they are a major shareholder and thus supposedly under the SEC rules. The major seller must be the MM's that accumulated knowing there will be a run sooner than later. That still leaves FAB with 69 million shares that are mature in Dec. this year. If they are not the big seller then it is very possible they could start dumping shares in January. Scary thought. That could kill any rally we could get from the psc signing. The big seller is still lurking and could still keep the run from hitting until FAB kicks in. Then they would hold until drilling starts and then dump again. This is what keeps me awake at night. Pray that it does not come true.
Did anyone happen to notice that the letter to the shareholders has been modified on the ERHE website? The question and answer section is gone. Especially the one that they answer about the buyin rumor.
Very interesting!
ruby paltalk is open now
Is there any reason? or is it just a gut feeling? Also, if anyone is in the loop, when is our pps expected to begin rising? Thanks! L - Wife of Stocks2Rise
Rancho, this does not look good! 12 shareholders sold 16 mil shares at an average price of $.31 when the market price is $1.21? Why would they sell so cheap? I did not see where they got coke shares also. I hope this is not what is happening to us.
Aussie Pup join the crowd. The MM's have had us all perplexed for a long time on this stock. Bid and ask at same price. Bid higher than ask. Gap up and go back down to fill the gap. Drop sp a penney on 500 share sell and only go up a penny on 50,000 buy. Many more examples but not going to list them. Just hang on to your shares as long as you can. You will be rewarded eventully.
Lets see. Lets take a look at the recent rumors and see where we are going.
1) a new rig was completed last month and is heading for GOG. Takes approximately a little over 2 months to arrive.
2) Psc's are to be signed before Sept 1st on blocks 2,3,4 ( have also heard from a birdie that says within two weeks)
3) another report that says drill bit to hit the floor in 60 days.
4) Nothing can be done until PSC's are signed. When that happens the property can be drilled on, farmed in, or percents sold to help pay for drilling costs.
5) Buyout/in report leaks out.
6) Alot of oil companies looking to buy other oil companies to increase reserves.
7)Chinese trying to buy oil anywhere in the world they can get it.
8) US negotiating to put in deep water port to protect interest in the region. Do you think they will broker a deal to make sure Chinese won't get a 38% hold on the JDZ?
All of the factors are converging on the next 60 days. Anyone else have any other thoughts I may have missed?
My shares are cemented in my hands.
Spec, could you be a little more fortcoming with information? That was like a driveby post. We would like to know who, what ,when, where etc. Thanks, S2R
rancho, it sounds as if you are trying to start a fire. It was not you that got bounced. Therefore you should not take up the crusade banner. Sam is a welcome member of paltalk and does give good information and insight.
rancho, if you will look at my post again I told him he was welcome to return.
slabxxam, you were bounced because you took information from Paltalk and brought it over here to incite people (according to the admin that bounced you). He then immediately unbounced you so you are free to return to paltalk if you so desire. Just passing along the information.
rancho add me to you email list and send info you have.
stocks2rise@yahoo.com
thanks