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Okay TAMTAM9042. I like motor boats also and have one in Clear Lake. Good luck.
Julius: Ha ha. I would say "I wish" but then the upkeep would require a SP of 20/sh for me to afford to keep it. It is a nice yacht. Mine is only a 40'. Later.
TAMTAM9042: I have a sailboat for sale at a very reasonable price. It is a 2000 Jeanneau sloop (40 feet)in excellent condition. It is in St Thomas VI and can be yours for US$115,000. Let me know.
J Bond
Thanks Doug. I think we see up good buying today with the news coming out from CVX. Would like to start seeing the PS moving up from this good channel base we've been in.. Kinda like a loaded spring is what I am thinking. This could be the week we soar to new levels.
J Bond
Houston meeting - Count me in too if in town. I am in League City. Recommend the Turtle Club on Nasa Rod One as the meeting place.
Okay I am sleepless over in the MidEast having come 25 hours from Texas but I have to post once before my day begins here in 2 hours. After reading the gazillion posts from the past week I am tired of the Meridian bashing, the exhaustive valuation debates, and the basic immaturity shown from some of the posters. Let's focus on the ball guys and gals and get some base hits to bring the runners home. I am long ERHE and have been since Jan06. I believe without a doubt we will see upward movement as more "good news" about our rights gets out. How far we go up is as stated "decided by the market". Of course the "market" does not always have all the relevant information - and this is especially true in a small E&P company dependent on its exploratory success and failures. Facts are what are importnat and ERHE has some very compelling facts as are frequently stated by the dedicated DD guys on the board. Thank you all for taking the time to post news etc. but I for one am convinced we see $2 - $3 per share sooner rather than later. How soon? Soon is my gut feeling and from there we rely on management to increase our cash flow, reserves, and exploration rights elsewhere to keep the stock moving higher over the coming years. Again thank you all for your hard work but let's keep the board focused on what's really important - Getting information out to allow investors to make intelligent decisions. Keep your shares as this company has all the right reasons to go up from here as so elequantly stated by those more articulate than me. I will go back to lurking now.
This week I had a conversation with the Chairman of a large NOC (National Oil Company) subsidiary which invests outside the native country in international opportunities)here in the MidEast. For his company's plans to increase E&P production they are actively buying into other geographical areas where they can. He mentioned he has instructed his staff to not go after areas where the Chinese and Indians are bidding becaues of the high risk of overpaying for assets and they are alsways in a bidding war driving the price uo too high. I causally mentioned "Are you looking at Nigeria and even San Tome JDZ prospects now?" He replied yes. West Africa is one area we find attractive and plan on exploring as much as possible if we get the right opportunities. He also mentioned S Korea was becoming more aggressive in bidding for O&G production. I hope this helps somewhat and to me it validates W Africa and our particular region as something the big companies are in fact reviewing.
We have ignition. The rocket has left the pad. Soon it will be in orbit and the view will be tremendous.
Bond
Way to go ERHE. Finally something to toast to after a long hiatus. Problem is I am in a dry country in MidEast at the moment. You boys have a bunch for me. Especially you Texas boys. $2.50 by friday here we come.
J Bond
Gentleman. I expect as rumor has it there will be a speed bump soon on this road (For a variety of reasons - but the most obvious is to get money in the game at a lower price by someone who wants in more than they have at current in a big way) but keep the end of the week in sight and I think we will all be celebrating handsomely. I am buying and expect North of $2.00 US by weeks end.
Bobwill9 In summary of thi weekend posts you requested:
1) sighning of PCS might be within two weeks
2) We do not know who Meridian is but like hois insights
3) Nobody knows what the price will do tomorrow but will probably fall somewhat based on the unknowns
4) We are still in the dark and hopefully Chinese will be the savior of our arses above $3.00 per share.
Hope this helps.
Bond
Guys in the air over chicago now and coming home from the mid east. Computer battery has 4% left so a quick one. Sitting next to me in first class is a XOM E&P exec and I asked him about JDZ etc.. their plans etc. Not is area he said but mentioned XOM is very interested in the area. He mentione the reserves are not as long lived as the mid east ones but still the quality is great. Later
Bond
Yes, we are still in the Bermuda Triangle but the compass will reset to 0 setting very soon I think - True North. Keep up the great posts and I will log on tomorrow after TD in Houston around 2:30 PM and I hope we are pressing onward into 3 digit territory. Getting ready for the long way home 22 hours, but cocktails will be served.
Bond
Mark, Thanks for the good update. Those that haven't finished adding to their positions and have cash available is now the time to load up before the rocket leaves the earth's atmosphere.
I like it a lot Spec29. Get the newbies and DTs out of their misery and positions for us to add to our positions at these low prices as the jets refueling - strike that - as the rockets refueling for the moon shot.
Bond
Bobwill9. Understand the situation. Well if you're in the area drop by anyway for a cold coke. After being here in-country for awhile with no hooch I definitly will be having a cocktail or two.
Thanks Offshoredrilling for the confidence and sage advice. I too am in the mood to buy now while the news is still not out and think we will see North of a dollar by month end. Looking forward to leaving the Middle East and returning for some R&R at the Turtle Club in Clear lake/League City area in good ole Texas. Been a long ride this trip with lot's of rat killing. Stay Long and stay true to the compass bearing that is steering the vessel. By the way Bobwill9, Redtxdog, and Nikohill if your at the Turtle on Thursday afternoon around 3:30 PM I'll be there just off the plane from the MidEast desert and drinking a cold one. Let's toss a few back and celebrate ERHE's run.
Bond
To all Long Termers. Thanks so much for the great breath of candid posts and rebuttals to the naysayers. I too am a newbie albiet a big one though. A friend told me the ERHE story and of course I laughed hysterically for a week or two saying how foolish he was to go into a penny stock and even worse a Nigerian one. Slowly through osmosis I started day trading ans hit a few 5-10 cent moves up and eventually realized how foolish this was as I was buying the next day at a higher and higher price. I am a consultant in the Middle East for a very large NOC and move freely between the states and the oil kingdoms so I have first hand knowledge of the "elephants" as well as negotiations with emerging governments. I feel very very good about the ERHE story and instead of day and range trading the majors I am now a long term investor (for the first time - in a previous life I was an energy trader for 12 years so I was always quick to trade as my living depended on it). I am looking forward to the coming two weeks and hope to goodness we hit a big breakout and get this sock up over $3/sh real soon so we can all pop a cork and relax a little. A lot is riding on this and may all our dreams of riches come true for the gamble. I agree with cowboy on keeping this one close to the vest as 99% of the folks out there would say we are crazy. Well I hope in a few weeks they are saying "They were sure lucky". Like most of the conservatives sophisticated investors out there who have the pedigree MBA's and are happy with Midern Portfolio Theory returns of 8-10%/Year I say keep going. Myself I will ride the big wave everytime and shoot for the moon as life is just short for the "play safe" mentality that most of the herd follows.
Cheers and thanks again for the prior posts as they really hel one be committed and laugh at the sale time during these insane times.
JB