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Double down,
God help me I did!
I bought $10,000 worth of this stock because I just could not bring myself to pay $500 an oz for gold. Looks like I got suckered by a Nigerian investment scam.
So we got commercial gas and oil plus a new dog and pony show
ERHC Energy to Present at the Rodman & Renshaw Annual Global Investment Conference
AND WE ARE DOWN HOW MUCH! Just wait when they come up with umpteen BILLION barrels of oil-we go to zero I suppose
I seem to remember they stopped the drills at a predetermined depth. Might have been scared by the pressure. Might be my memory is not so good
So, did the Drill Ships both sink?
New refined oil leaking out of a catalytic New refined oil leaking out of a catalitc convertor onto the floor. Hummm convertor onto the floor. Hummm
How about the Company is going to refine the oil also? catalytic
converter/cracking tower? = value added?
wild **S guess
With ADDAX doing the drilling and we having free carry how does that work in a stock swap or buy out? Seems to me we would lose
some value. I guess I just do not understand how all these different changes would affect us.
I'm really green at this
oilphant,
Will my 10,000 shares make me "upper crust"?
With the banking crisis in mind does anyone know were the company keeps its cash? A lot of money has gone to money heaven in the last few months.
Read this on The Prudent Bear site on Doug Nolan's latest.
May 15 – Bloomberg (Joe Carroll): “Petroleo Brasileiro SA, Brazil’s state-controlled oil company, leased about 80% of the world’s deepest-drilling offshore rigs to explore prospects including the Western Hemisphere’s biggest discovery in decades. Petrobras… is hiring rigs that can drill in at least 3,000 meters of water… The world has 21 such vessels, according to Rigzone.com, which tracks the offshore drilling industry. The company’s ‘insatiable’ demand is forcing producers including Exxon Mobil Corp. and BP Plc to pay more as they compete for the remaining units, said Kjell Erik Eilertsen and Truls Olsen, analysts at Fearnley Fonds AS… Explorers that don’t have rigs under contract may delay projects or pay rents of more than $600,000 a day. ‘The oil majors have their backs against the wall as Petrobras has aggressively locked up significant rig capacity,’ said Omar Nokta, head of maritime research at Dahlman Rose & Co.”
GRAND FORKS ND-$3.25 We bought a new 2007 Toyota 4 cyl and it gets
15 MPG this winter. That includes a lot of warm up time. Dealer says we got "bad gas in upper midwest" anyone else getting
crummy mileage?
DITTO FROM ME-re post them!
You sure know how to rain on a guys dreams (G)
Thats all I got is dreams. And these shares. So I dream of BIG things.
"Umbra's triple digit share price"
I missed that one, what was it?
so I can dream.
"Course, you know they're not speaking about the JDZ B2"
No I didn't know that. Lots of wishful thinking going on my part.
Dumber than 100 head of sheep is me.
"Industry sources said Sonangol has re-issued an invitation to tender for a platform in Block 2 at a site where gas will be re-injected."
Why would you re-inject the NG? ???Is there now a well in Block #2?
"FUN?! What's your definition of torture? lol"
TORTURE? THATS OWNING GOLD AND SILVER-THE SPIT TURNS SO SLOW!
Oily
I have always thought you were the real thing. You made yours and are enjoying watching others hit the big time also. Its better to give rather than receive, yes? I have never owned many stocks but this is the first one that was FUN. Thanks
JMHO-but I believe Oilphant knows a lot more than he can let on. I also believe he posts here because he knows we have a monster winner on our hands. He knows because he has been where we are now. He has seen his own ship come in and he just relish's watching someone else hit the moon shot, knowing what we are going to experience and relive his own trip to the moon. How close am I Oilphant?
Ya I know I need to read some. Biggest trouble is so little real information, its a waiting game and thats not my best game. So much is posted, most of it guess and hope. If this baby goes it should be a rocket, big as an elephant.
I thought it was B#2-30% B#3-20% B#4-25%
and then I saw -
dahoseb...SNP is the operator of block 2. ERHC holds a 22% interest of B-2.
Thanks for all your help. Things change pretty fast here.
Anyone know what our percentages are in blocks 2-3 and #4
TIA
Damm-here I was looking for a good news-wrong I was.
I don't know what it all means but they did BORROW BILLIONS-maybe to finance some drilling costs?
I found this at www.theprudentbear.com from Sept 15th's
Credit Bubble Bulletin-page #1
Junk bond funds saw outflows of $20 million during the week (from AMG). Junk issuers included Anadarko $5.5 billion, Seagate Technology $1.5 billion, Lyondell Chemical $1.75 billion, Berry Plastics $750 million, Agile Property $400 million and Monongahela Power $150 million.
Anadarko borrows 5.5 BILLION-it takes collateral to do that
FWIW
Whats with this stock? I didn't know it also went up!
If Oilphant is close to the action I would guess that his non criptic posting may mean teh whole cat will be out of the bag and soon.
JM wild A** guess
Would someone clue me in please? Second paragraph says "seo" did Oilphant mean to say this is how we end up-a sell off or buyout and the CEO would no longer be necessary for a company that does not exist any longer as it now has new owners who will take the SP way higher?
ok: wd resigned because things are going to get real ugly.
ERHC shares will be worth much more when seo is gone,and they wont be ERHC shares.
big oil\ed wants ERHC out
Would someone clue me in please? Second paragraph says "seo" did Oilphant mean to say this is how we end up-a sell oof or buyout and the CEO would no longer be necessary for a company that does not exist any longer as it now has new owners who will take the SP way higher?
ok: wd resigned because things are going to get real ugly.
ERHC shares will be worth much more when seo is gone,and they wont be ERHC shares.
big oil\ed wants ERHC out
Got a quick reply from IR. I ask what was going on with the company
as there was no PR's. There answer-------
"It's difficult for me to respond to a question like that. Do you have a
specific question? The company continues to work to capitalize on its
core
assets in the Joint Development Zone by executing its rights and
entering
into partnerships to enable exploration and production of the Blocks
where
it has rights. This is a long-term process.
For information related to the Department of Justice investigation, I
recommend referring to the statement issued on June 29th. "
I tried e-mailing IR-will report if they bother to answer
Rack
Forget the rubber tipped ammo. Buy a bolt action 30-06 and shoot
500 yards shots with 150 or 165 grain Nosler ballistic tip bullets. If you want to give the game a sporting chance try a 45-70 with 405 grain lead-or a large rock.
17B / 700M outstanding is $24 a share.
You may want to add a few bucks for the free carry-What do you suppose that is worth?
I bought in @ $0.98 didn't want to miss the fireworks. I figured it would drop back but to be sure I got in on the off chance it really ran up. This is the worse investment I have ever bought. This company has no long term prospecs if the management can't even talk to its investors.
FIRST TIME POST-OK HOW ABOUT THIS. google earth and maybe find OBO-1? Might be worth a try.