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9999
Nothing From Barry Morgan Yet?
Thank You Sir (Jcanada) eom
And How Can They Know Ahead Of Time At What Depth They Will Start Using It?
I looked on my Cell Phone and below is an exact quote from the April 14th news. So that is what they were planning to do.
to drill from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to a total depth (TD) of 3,000 meters.
Much Appreciated.
I looked on my Cell Phone and below is an exact quote from the April 14th news. So that is what they were planning to do.
Pete scheduled to be speaking...
in London right about now. Would love to know what he knows right now.
All I could get from my source was that there have been some problems with the access road but drilling was still "progressing well".
From Kingpin on other board
Do You Think There Will Be Time??? If oil is hit tomorrow how quick do you think the run up will be??? Anyone???
Do We Know Of Other Little Oil Company's With X Amount Of Oil Barrels And X Amount Of Shares? And what the price of those shares are? 1, 2, or 3 of those would rally help us do the math on our stock.
My Mistake. Since it hasn't even reached 40M yet.
If they hit oil, the market cap would change overnight.
So any selling of the company would have to be after that.
There's no way this (or any other company) will be sold before knowing what's it's worth. Matter of fact I think we've hired a guy just for that purpose.
Fun With Numbers
Assuming they hit exactly 66MB
X 35% = 23.1MB for ERHE
X $10. Per Barrel? = $231,000,000
Divide by 40,000,000 shares (your number)
= $5.77 per share
$5.77 and that's not counting any other wells or any other Blocks.
So count me as one of those Clueless Liars you mention.
But Maybe At This Point He CAN'T Take It Off The Table...
What Is He Supposed To Say? We already know the drill is heading towards 66M unrisked barrels. If that doesn't get the market excited (and it hasn't) the only thing that WILL, is when it actually hits. And he can't say anything until it does.
If This Was Facebook, I'd Click "Like" On Your Post.
OldOil: Still here (no P.M.) Ameritrade won't take my money so I'm trying to fund another account/broker. So (hope no one holds it against me) I'm temporarily rooting for the bad guys hoping to get a low S/P until I'm loaded.
Best To All
They Used To. But haven't for say the last 6 months. Started a while before we heard about the split.
One Old Prophet Used To Say, "By Easter".
Another would tell us after 3 days weekends.
Maybe this year the stars have finally aligned.
At any rate we're close.
Thanks For Posting. Please ignore some of the other reply's. A post like that is much appreciated by most here.
We do not see a major delay to the project as a result of the oil price
Wow! Who to believe, you or AFRICA OIL CORP'S CHIEF EXECUTIVE???
Falling world oil prices will not cause a major delay to plans to begin oil production in northwest Kenya, Africa Oil Corp’s chief executive said on Thursday.
Oil prices will not stop Kenyan projects....
http://www.the-star.co.ke/news/2016/01/23/oil-prices-will-not-stop-kenyan-projects-firm_c1281191
“The current oil price has indeed put pressure on the project, but we do not believe this low price is sustainable. We do not see a major delay to the project as a result of the oil price, our biggest issue is getting the pipeline finalised,” Hill said in an emailed response to questions from Reuters.
Dr. Funkenstein
R U Talking About The Leadership That Got Us The Oil Rights In The JDZ, EEZ Kenya & Chad? Or the leadership that got another company drilling for our share of oil, in Kenya, at the end of next month?
Still Can't Buy On Ameritrade. eom
Arnim: 20 Trading Days From Fri. 1/15/2016. If 1/15/16 counted as the 1st day. Then accounting for M.L.K. Day & then also Presidents Day, 2/16/16 Tuesday should be the 1st day it reverts back to ERHE
Marty260; ERHC Energy Inc. Reverse Stock Split Becomes Effective
ERHC shares trading temporarily under ERHED for 20 trading days (1/15/16)
this is why ERHC has not disclosed anything...
From another board...
Hello, Doc:
I hope all is well. I don’t have information about New Global Acreage Resources Ltd., but upon receiving your note, I did some research and see that their office is listed as 1200 Waterfront Centre, 200 Burrard Street, PO Box 486, Vancouver, BC V7X 1T2. ERHC’s office is in Houston. It appears from the information I found that Sylvan Odobulu is on the board. That does not indicate that ERHC has any dealings with the company. It is common for executives to sit on the boards of other companies. For example, the COO of Yahoo serves on the board of Target. The CEO of Netflix serves on the board of Facebook and was on Microsoft’s board before that. The CEO of Apple sits on the Nike board. This is common practice. Based on what you’ve told me and what I have found, I would say this is why ERHC has not disclosed anything about New Global Acreage Resources Ltd.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
Toll Free: 800.596.8708
Portland: 503.922.0023
DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com
ERHC Energy Inc. Reverse Stock Split Becomes Effective
ERHC shares trading temporarily under ERHED for 20 trading days
HOUSTON, January 15, 2016 – ERHC Energy Inc. (OTCMKTS: ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that a 100-for-one reverse stock split approved by shareholders has become effective. As is standard in such circumstances, shares of ERHC Energy are trading with a slightly modified ticker symbol: ERHED. After 20 trading days, the ticker symbol will revert back to ERHE.
The management and Board of Directors of ERHC proposed a reverse stock split as a way to enhance the Company's balance sheet, while better positioning ERHC to take advantage of certain merger and acquisition interest.
ERHC Energy's operations are focused on Sub Saharan Africa. It holds onshore oil and gas exploration interests in Chad and Kenya as well as deepwater interests in the Gulf of Guinea. ERHC holds a 35 percent interest in Kenya Block 11A, where the first exploration well is expected to be spudded toward the end of the first quarter of 2016.
ERHC Energy Inc. Reverse Stock Split Becomes Effective
ERHC shares trading temporarily under ERHED for 20 trading days
HOUSTON, January 15, 2016 – ERHC Energy Inc. (OTCMKTS: ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that a 100-for-one reverse stock split approved by shareholders has become effective. As is standard in such circumstances, shares of ERHC Energy are trading with a slightly modified ticker symbol: ERHED. After 20 trading days, the ticker symbol will revert back to ERHE.
The management and Board of Directors of ERHC proposed a reverse stock split as a way to enhance the Company's balance sheet, while better positioning ERHC to take advantage of certain merger and acquisition interest.
ERHC Energy's operations are focused on Sub Saharan Africa. It holds onshore oil and gas exploration interests in Chad and Kenya as well as deepwater interests in the Gulf of Guinea. ERHC holds a 35 percent interest in Kenya Block 11A, where the first exploration well is expected to be spudded toward the end of the first quarter of 2016.
Wonder If Ameritrade Will Let Me Buy Shares Again After The R/S?
You Should Get 7 Shares For A Penny. How do u buy 2 shares???
Sure Would Be Nice If ERHE Had A Transcript Of The Meeting.
They Have Not Excepted Any Buy Orders For A Couple Of Months Now.
So $.001 In Todays Shares???
PROXYVOTE.COM
You elected to receive shareholder communications and submit voting
instructions via the Internet. This e-mail notification contains
information specific to your holding in the security identified below.
Please read the instructions carefully before proceeding.
Important Notice Regarding the Availability of Proxy Materials
for the Shareholder Meeting
2015 ERHC ENERGY, INC. Special Meeting of Stockholders
MEETING DATE: December 15, 2015
For Holders as of: November 2, 2015
CUSIP NUMBER: xxxx
Account Number: xxxx
CONTROL NUMBER: xxxxx
You can enter your voting instructions and view the shareholder material
at the following Internet site:
How Do U Know ERHE & Ntephe R 2 Blame & Not Kosmos??? Kosmos put out a PR without reveling the details either. Who's to say Kosmos isn't calling the shots?
S.T.L. Thanks eom
Anyone Know When The Next Quarterly Is Due???
IMO The Deal Has Been Made. And sent to the lawyers, to dot i's & cross t's before we learn the particulars.
It Says... "The agreement has been approved by the National" It does NOT say Finalized
Also "The agreement enables us to immediately monetize one of our offshore holdings while preserving a financial upside in the event that exploration in Block 11 is successful." If they can "immediately monetize" that means there is money involved but not stated yet. And "while preserving a financial upside in the event that exploration in Block 11 is successful." means we'll get money if there's any oil. But since it's not yet Finalized we can not give out that info just yet.
Our boys are buying shares for a reason. We've just been allowed a peek under the tent.
.0016 Two Trades @ End Of Day
I'm Wondering If Ameritrade Knew Of The Coming R/S And That's Why They Stopped Me From Buying Shares???
ERHC News :Energy Inc. Issues September 2015 Shareholder Update
HOUSTON, TX--(Marketwired - Sep 17, 2015) - ERHC Energy Inc. (OTC PINK: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued the following update on Company activities from Dr. Peter Ntephe, president and chief executive officer.
To ERHC Shareholders:
I am pleased to update the investment community and other interested parties on ERHC Energy Inc.
Oil & Gas Industry
The external environment continues to be testing, with international benchmark Brent crude still hovering below the $50 mark after hitting a six-year low close to $42 last month.
The rate of growth of oil supplies continues to outstrip the rate of growth of demand, and the oil exploration industry is in a state of flux.
Junior exploration companies, including ERHC, have found it quite challenging to raise exploration funding through traditional and preferable means, such as farmouts, in the current environment.
Corporate Development
As previously disclosed, ERHC and its advisers have been examining certain capital restructuring options.
ERHC is currently finalizing proposals with advisers for capital restructuring to firm up the balance sheet and position the company for new investment.
New investment may include mergers and acquisitions.
ERHC's expected catalysts for value enhancement remain our exploration assets in Kenya, Chad, EEZ and the JDZ.
Kenya lock 11A
The contracting parties plan to spud the first well at the Tarach-1 prospect by the end of the first quarter of 2016.
The Tarach-1 prospect is situated in the central part of the Tarach basin. It is a three-way structural closure trapping against a North - South trending normal fault.
ERHC holds a 35 percent interest in Block 11A.
The mean estimate of oil prospective unrisked resources for the prospect is 65 million barrels.
Mean unrisked prospective resources of all prospects and leads in Block 11A totals 645 million barrels.
Chad Block BDS 2008
ERHC's exploration team continues to accept tender proposals for a 2-D seismic acquisition program.
The exploration team is also seeking certain preliminary approvals, including environmental permits, from and through the Chadian Ministry of Petroleum, Mines and Energy relating to the proposed technical scope and territorial coverage of the seismic acquisition program.
ERHC holds a 100 percent interest in BDS 2008.
Based on the result of an aero-magnetic and gravity survey that ERHC completed over the Block, total Petroleum Initially in Place (PIIP) for one of ERHC's two focus areas has been estimated at 278 million barrels (with a high case of 876 million barrels).
São Tomé and Príncipe Exclusive Economic Zone (EEZ)
ERHC is in advanced negotiations with an International Operating Company (IOC) for a transaction on EEZ Block 11 following an earlier disclosed Memorandum of Understanding (MOU).
Given the external environment, the date of conclusion of a possible transaction is not yet certain.
Nigeria - São Tomé and Príncipe Joint Development Zone (JDZ)
An initiative led by the Nigeria - São Tomé and Príncipe Joint Development Authority (JDA) to integrate well data and seismic on the JDZ Blocks in which drilling has occurred so far is now completed.
The integration initiative includes JDZ Blocks 2, 3 and 4 in which ERHC has an interest.
The JDA also has agreed with Petroleum Geo-Services (PGS) for the general marketing and promotion of the data and related studies to a worldwide client pool.
The JDA, in partnership with PGS, presented the data at the Petroleum Exploration Society of Great Britain (PESGB) Conference on Africa Conference in London earlier this month, and ERHC had a representative in attendance.
The JDA is establishing a data review facility to enable prospective new operators and partners review the data.
We thank you for your continued interest in ERHC.
Sincerely,
Peter Ntephe
President and Chief Executive Officer
About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its stockholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
(Tip of the hat to Pand2015)