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TD Ameritrade won't let me buy ERHE. All I get is "Opening transactions for this security are not accepted." Anyone know why? Anyone else have this problem?
Churchill?????
On March 4, 1933, newly elected U.S. President, Franklin Delano Roosevelt, uttered the now famous words, “the only thing we have to fear is fear itself” during his inaugural speech....
U.S-based oil and gas exploration firm, ERHC Energy, it has retained the services of Deloitte Corporate Finance (DCF) to advise on the company’s oil assets in Kenya and Chad for possible joint ventures amid drop in global oil prices.
One deal on the table apparently is a $5m joint venture with Mercom Oil a London listed investment company with assets in Chad.
The deal rumoured to be a 50/50 split in a new venture sold by Chevron a 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $5 million.
“This sale demonstrates our focus on strategically managing our portfolio to maximize the value of our global upstream businesses,” said George Kirkland, vice chairman of Chevron Corporation.
“These assets have played a significant role for Chevron in Africa for the past 14 years,” said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company. “They have been a profitable part of our portfolio for many years. The combination of current market conditions and the size of the assets relative to our portfolio make this an ideal time for a divestiture.”
The transaction includes the sale of the Chevron subsidiary’s interests in seven fields in Chad’s Doba Basin, which in 2013 had an average net daily crude oil production of about 18,000 barrels. The sale also includes the Chevron subsidiary’s approximate 21 percent non-operated interest in a pipeline system that transports crude oil to the coast of Cameroon as well as associated marine facilities.
The firm’s CEO Peter Ntephe said in a statement that the drop in global oil prices has prompted consolidation among oil exploration companies. It said DCF will advise ERHC on matters related to possible joint ventures, alliances sales and divestitures on the Kenya and Chad licenses.
“These are challenging times for all oil exploration companies and we are leveraging DCF’s depth of skills and experience to support us in making decisions based on information that is constantly evolving,” Ntephe said in the statement received in Nairobi.
ERHC currently holds a 100 percent interest in Block BDS-2008 in Southern Chad and a carried 35 percent interest in Block 11A in Northwestern Kenya.
Recent discoveries of oil and gas across the East Africa region have positioned the region as a lucrative investment destination in Africa for foreign investors who have been scouting for opportunities. Some five upstream oil and gas companies are ramping up activity in Kenya, as the country becomes a focal exploration point in a dash for the commodities.
Research has shown that discoveries in the last few years are more than that of any other region in the world, and the boom is expected to continue for the next five years.
This impressive position is, however, becoming less significant as global oil prices continue to fall. Experts said further decline threatens the region’s economic prospects.
“We anticipate DCF’s involvement will be valuable as we pursue strategic options through access to their global network of corporate finance professionals around the world,” Ntephe said.
Beyond its assets in Chad and Kenya, ERHC also is seeking new strategic investment into the company itself.
“The current valuation of ERHC presents an exceptional opportunity for equity investors to gain access to ERHC’s rich portfolio of licenses,” Ntephe said.
LOL My Dilution Insurance Is Up 825% LOL
KABOOOOOM
They Were Still Buying In The Middle Of June.
If SEO & Management Had Really, Really, Really, Loaded The Boat, I For One Would Think The Share Price Decline Was Done On Purpose. And if enough shareholders felt the same way, then there might be a law suit. I'm comfortable the way it is.
$.10 To $.30 Pre (close to) Drilling
Sorry About The Way You Feel. I was explaining why people THINK June 16th will be A KABOOM DAY. The whole thing is SPECULATIVE. No one knows if it will be a Kaboon day or not. I was just pointing out the general OPINION of some, and your OPINION/words just happened to fit. Everything on theses boards are OPINION, I wasn't trying to SPIN anything.
the (6 month) MOU for right of first refusal on their STP-EEZ block, which expires June 16, will not expire without an agreement. (Borrowed from Tryoty)
the (6 month) MOU for right of first refusal on their STP-EEZ block, which expires June 16, will not expire without an agreement. (Borrowed from Tryoty)
Best $500 You Ever Spent. Welcome aboard.
If There's Any Good News, It Would Be Pretty Dumb To Release After The Bell On A Friday. Any excitment would die down by Monday.
Someone Bought 110,000,000 Shares ($55,000) Today. Just seems to me, that purchase would make more sense coming from a buyer who knows the score/future, and less likely coming from someone taking a chance/gamble on a stock that seems to be going down the tubes, headed for a R/S or Bankrupcy
Someone Bought 110,000,000 Shares ($55,000) Today. Can't prove it, nor is this an argument between us. Just seems to me, that purchase would make more sence coming from a buyer who knows the score/future, and less likely coming from someone taking a chance/gamble on a stock that seems to be going down the tubes.
Could Be Lots Of Smaller Buyers.
Also someone said one needs to know the # of shares before they can know if they reached the 5% limit.
The Biggest Question Before Us Is, Who's Buying? 3 Billion Shares sold/traded in the last 3 months. So who's buying? Fools or people in the know? The fact is our shares don't just sit there for sale, they are being gobbled up. My feelings are; this has always been a low volume stock & now Billions are being traded. Sure the price is low and some are buying insurance, but with the fear of going belly up and/or a R/S I just don't think we have enough "Fools" to buy up 3 B Shares. I must conclude there are "people in know" buying this stock. Which leads me to futher conclude there will be no R/S. People in the know wouldn't be gobbling up shares if there was a R/S in the future.
The Biggest Question Before Us Is, Who's Buying? 3 Billion Shares sold/traded in the last 3 months. So who's buying? Fools or people in the know? The fact is our shares don't just sit there for sale, they are being gobbled up. My feelings are; this has always been a low volume stock & now Billions are being traded. Sure the price is low and some are buying insurance, but with the fear of going belly up and/or a R/S I just don't think we have enough "Fools" to buy up 3 B Shares. I must conclude there are "people in know" buying this stock. Which leads me to futher conclude there will be no R/S. People in the know wouldn't be gobbling up shares if there was a R/S in the future.
Fun With Math
Let's say there is 1 B shares & Offer owns 40%
Let's say Offer wants $10 per share
$10. X 400,000,000 shares = $4,000,000,000
But buyout company doesn't really want to pay $10 B for ERHE
So we triple the # of shares (to 3B) and give them away for free ($.0004)
Offer triples his shares. 800,000,000 X $.0004 = $320,000
The buyout company gets/buys 1/3 of ERHE (shares) for almost free (1B X $.0004 = $400,000)
Then oil is provin
Since we trippled the # of shares (& Offer trippled his shares) the buyout company only has to pay $3.33 per share. And Offer still gets his 4 Billion Dollars. And since the buyout company owns 1B shares, they have effectivly cut their buyout cost from $10B down to $6.66B
I Wonder Exactly How This Will Work....
Julius Math Correction...
My Math
Most people don't work 52 weeks (because of vacation).
So $236 K / 50 Weeks = $4720. per week. $4720 / 5 work days per week = $944 per day.
1,400,000,000 X $.0007 = $980,000 = Total Value of Company
I Love The Way Very Large Buys Brings The Price DOWN. Oh you want over 5 M. Shares? Sure we'll come down to YOUR price.
Price Was @ $.002 When He Made The Loan.
Exceo, Same For Me Also.
CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
$2,000 now can be worth $500,000 when oil starts pumping.
Dig, YES... ERHE Closed @ 0.0017 Up 0.00073 (75.26%)
Shares Traded 25,691,875
i Hub didn't work today
Looks Like We Might All Be Meeting In An Las Vegas Alley & Pass Around A Bottle Of Thunderbird.
Going By Your Numbers 15% Of The Company Traded Hands Today.
I Believe This Is An Orchestrated Transfer Of Shares.
They came up with the plan to allowed themselves to print 3 Billion shares. Which at the time seemed way more than could ever be needed.
And now, at a time when ERHE seems to have a lot of thing about to come to fruition, Kenya, Chad, EEZ, The stock price is in the tank and these shares are hitting the market.
I think they know/have a good idea what they have. CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
½ Billion shares traded in the last few months. Yes shares are being dumped but these shares are also being bought up.
ERHE members have bought some. Offer has bought what, 125 Million? (So Far)
My main question is, Who is buying/scooping up all these shares? Price is low enough even poor friends of Offor. Poor people in Kenya, Kenya officials. Even the very poor can purchase a fair # of shares.
A year and ½ from now the very poor can be among the quite rich. $2,000 now can be worth $500,000 when oil starts pumping.
I Believe This Is An Orchestrated Transfer Of Shares.
They came up with the plan to allowed themselves to print 3 Billion shares. Which at the time seemed way more than could ever be needed.
And now, at a time when ERHE seems to have a lot of thing about to come to fruition, Kenya, Chad, EEZ, The stock price is in the tank and these shares are hitting the market.
I think they know/have a good idea what they have. CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
½ Billion shares traded in the last few months. Yes shares are being dumped but these shares are also being bought up.
ERHE members have bought some. Offer has bought what, 125 Million? (So Far)
My main question is, Who is buying/scooping up all these shares? Price is low enough even poor friends of Offor. Poor people in Kenya, Kenya officials. Even the very poor can purchase a fair # of shares.
A year and ½ from now the very poor can be among the quite rich. $2,000 now can be worth $500,000 when oil starts pumping.
Same Routine Everyday. Big buys come in at end of trading. I do think this is all about transfering shares.
OK, Who's Buying 12 Million Shares?????
Ruffly 5.5 Of Our Shares Traded In The Last 3 Days. Ruffly 50% has traded in the last 4 months. I haven't heard anyone on these boards saying they are selling out. IMHO this is manipulation getting ready for the big news (est. of oil in Kenya)
Offors' $250,000. Might Just Be A Show Of Force. Showing an enemy, I will back this company. I won't let it go Belly Up. I can do this every month if nesasary.
And/Or maybe he knows what's coming soon and all ERHE needed was $250,000 to get them to the point where the popcorn pops.
I'm Hoping Whoever Bought The 5M Shares Has Insider Information.
Wow! Who bought 5,000,000 shares?