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The way I look at it I never mentioned your moniker yet you have come out and deny being a short.Others that are long don't feel the need
Also of coarse you would not urge people to sell now.First off that has already been tried by shorts without much results.What is going on now is a prepping to place the thought that I and the Longs may miss out if I wait for a big move because I am waiting for the short squeeze.
The selling under 1/2 penny most likely was to prevent a margin call
I also would surmise that most of the short positions were put on Above a penny before this was on the greys
whether you are or are not short this issue you certainly have aligned with there thinking so what to make of that I will mark you so what you say will not influence at a critical time
As Shakespere wrote "Me thinks thou protest too much"
So how many shares are you and your friends short again...
Just on the number ratio the difference between what they sold block 6 and the 500 million 2 to 1 or more shows us that they thought much higher about block 4 than the other blocks sold to Shell
The 500 million @ that time was before block 6 drilling.the quote about being the 'Best" was most likely a projection or extrapolation of that ratio
Krombacher
Maybe you can help me find article where Kosmos said block 4 was worth hundreds of millions with just having seismics
https://www.africaintelligence.com/central-africa/2019/03/26/ahead-of-block-4-ruling-total-swings-into-action,108350682-art
Apparently Total has already swung into work on block 4
came across this from 2023
https://www.africaintelligence.com/central-africa/2023/03/15/block-4-eyed-by-totalenergies-and-kosmos-still-held-by-us-junior-erhc,109923762-breSao Tome and Principe
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. [...]
came across this back in 2010 on BLOCK 4 EEZ
RIGHTS IN THE SÃO TOMÉ & PRINCIPE EXCLUSIVE ECONOMIC ZONE
EEZ_Small.jpgIn February 2010, the National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe confirmed the award to ERHC of 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The confirmation follows ERHC’s exercise of rights arising from prior agreements between ERHC and São Tomé & Príncipe.
In October 2015, ERHC and Kosmos Energy reached agreement to transfer all ERHC's rights to Block 11 to Kosmos. ERHC retains 100 percent of the rights to EEZ Block 4 as well as the option to take up to a 15 percent working interest in each of two other unlicensed EEZ blocks of its choice. ERHC and the ANP-STP have agreed in principle to terms of a PSC for Block 4.
https://www.erhc.com/facts/
I will take a look..it was after seismics completed
Smile
It was Kosmos comments that block 4 was the best of the EEZ
What I see as interesting is up to this point it has not been done.The public invite to Shell apparently did not happen because of the fear of lawsuits mainly because the Oil companies did not want to meet ERHC's
predilections thereby creating a quandary and impasse.If Aramco is in the mix it is because Sao Tome's goal is to have a company like them (Essentially a blank check)to pull everyone together and get a deal done.
Aramco wants to diversify out of the Middle East and the EEZ checks all the boxes so they would be able to meet their own strategy
Just their presence may ,in sharing the risk, bring everyone together for both the JDZ and the EEZ
Good stuff....I know many have prayed for the success of this investment on the board here,...as I
The move by the president is LONG overdue as bribe money probably has caused misappropriated trust and the majors jockeying for position and trying to steal the assets.Some day we may find out the cloak and dagger intrigue (Coups and arrests) earlier .Getting this out in the open brings the disinfecting light that
will bring order and IMO opportunity to ERHC and it shareholders
Aramco (Stock alone is over 2 Trillion dollars and 5th largest Company (not just oil) in the world)
There can only be good things coming as apparently the "GRAB IT ALL" by Shell and Company and the politicians involved has been stopped .Like I commented earlier ,the EEZ could have been tied up for years if they tried to push out ERHC and EO.The International caveat warning had some muscle behind it and GOD's
blessing as this new action clearly is a positive. Aramco is the biggest and is coming there to win and could put many many billions into the EEZ and JDZ with just the interest earned in one month and fast track the production.They have one of the best cash flow for any company reaching hundreds of Billions each year
Go ask Kosmos (Your buddies)..they have been saying block 4 was / and is the BEST of the EEZ
actually this may be a spiritual exercise..Those that lie and steal (Lay and wait for innocent blood)from others such as Shorts are brought up short and will be destroyed
they spent an inordinate amount of time if they supposedly ended early and capped off the well.
when the huge discovery was made to the south of block 4 off Namibia
with original estimate of 15 Billion Barrels
Total kept backing off the estimate to less than 1 billion barrels
The Oil companies are liars by their nature trying to avoid greedy politicians in greedy countries and want to control the narrative.
by the behavior of those involved something major is going on as Petrobas and others are being invited to partner in the EEZ.That is not because there is no commercial OIL
In posting the report it reminded me of what seems is a contradiction.The article inferred when the drilling entered the water wet condition they stopped drilling and the deeper planned depth was stopped
The definitions below show 'Water wet" as desirable which leads one to conclude they are hiding a very positive result and most likely continued drilling....WHY?As we saw Galp had referred to block 6 as one of their two Diamond discoveries along with Namibia off shore discovery
They were reprimanded by Shell and made an effort to back out of their very positive public statement
This would lead an observer to come to the conclusion that negotiations were going on with and for the blocks such as block 4 whose rights were with ERHC
As I stated we are close to the end of negotiations and what has transpired over the last months since drilling will be made public.I know to some I am preaching to the choir but some may benefit on reading this on the board
https://www.google.com/search?q=WATER+WET+PETROLEUM+OIL+SYSTEM&oq=WATER+WET+PETROLEUM+OIL+SYSTEM&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigAdIBCTI3NTYxajBqN6gCCLACAQ&sourceid=chrome&ie=UTF-8.
In water-wet conditions, a thin film of water coats the surface of the formation matrix, a condition that is desirable for efficient oil transport. Treatments that change the wettability of the formation from water-wet to oil-wet can significantly impair productivity.
LOL..Just proves out what some have said about you
You don't read enough...and Talk too much
Shell OIL Co....Look it up
"block 4 has "source oil" from which flows the oil into the other blocks."
I don't know ALL that that means ..but I think is BIGGER than anyone realizes
Block 4 may be able to control the Flow of oil or maybe more important the NON FLOWING OF OIL to the other blocks.The silence of information is Deafening.
As Kosmos alluded to Block 4 is the crown jewel of the EEZ
OFFOR is not going to let this slide by...He has more than enough money to tie this up indefinitely and as Kingpin alluded to "Gum up the works"
The worst nightmare of SAO TOME and the other Companies involved
a deal is either in the works or already done You all can count on it
I think selling and swapping assets and buying are all going on. To have one Company make an .announcement could lead to insider trading.It IMO going to be a statement by the Sao Tomeans Oil/Mineral Ministry
It is the only explanation for the events that unfolded in the last two years...Lots of OIL Lots of money...Lots of gamesmanship being worked around the JDZ and EEZ from Govts to Companies
doesn't prove anything...He may have not given permission to list him
Also he may have a lot tied up in different entities ie Chrome ,and other companies, including trusts tax shelters where his wealth is known but not proven.
we KNOW he has chrome with 800 employees .Not hurting for dollars where he would steal from shareholders in ERHC as I presume you are alleging/
You Boys and maybe girls ought to go on the Shorting tour.You certainly are entertaining.But it is pathetic when I see 6 -10 posts all from shorters (maybe there are only 2-3 shorters with many monikers). still Pathetic...and telling.
link please
EO Has A lot of cars and 2.9 Billion Dollars See Comments on Chrome employs over 800 people in at least 3 countries
https://carmart.ng/motoring/about-emeka-offor/
anybody wondering if Kosmos' chicanery extended to other blocks and rights in the EEZ.
Maybe ERHC lawyers have more than we know and everyone involved in the EEZ is going to treat us shareholders real special..nice thought for the night
just remember ..Past performance doesn't guaranter future success.
I think you will remenber these words as being short is gonna become out of favor
unbelievable Ha ha...unbelievable
I appreciate you sharing this openly ...I am going to full subscription to help me keep abreast of things as we grow closer to culmination of this investment
new should be knew
LMLT
If true that Sao Tome Govt took bribes from Kosmos then they also are exposed to righting this wrong
and giving Total/ERHC shareholders a good deal or being outed in court
why would Kosmos have any right to block 4 ??...they had their chance and did not go forward because they apparently did not want to open that can of beans..to blazes with them and the horse they road in on their shenanigans held up this investment for years
Never new that...seems the moral dynamics in this deal are cut throat...
That explains a lot
Also this moral turpitude extends to the input or partial truths put forth for the last few years on this board
OK then...that is settled now
now I am trying to follow ..you said Kosmos won arbitration but you just wrote says Erhc or Sao Tome
"Either ERHC or Sao Tome currently has the rights to Block 4. It would be nice to know which."
What?
Please address this.
Why if Kosmos won block 4 and is not contested why did Shell bid on it
If Kosmos had control of block 4 why was it rebid and taken from Kosmos
If that scenario was what happened the International caveat would have forced the issue
Or there is a law suit in progress because Erhe /Total would not willingly give up Block 4 for nothing.
And you have not dealt with the fact that Kosmos and ERHC are partners and have the rights to block 4
And as an aside you said with some disdain /ridicule the quote below to Manti a known short
" Kosmos did beat ERHC in court (arbitration). Are they still involved somehow? Gumming up the works, if you will?
Sounds like you are looking at this thru Kosmos glasses" (I Have said this before)
Kosmos sold blocks to Shell and ERHC is "gumming up "their current plans to be partnered in a huge project referencing Erhc rights in the EEZ
You certainly do not sound like a Fan of Erhc.You do sound like a shareholder or employee of Kosmos
didn't know that..but I did know it didn't add up