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If...
Thanks, I Just Wonder How Long Until It Filters Down To John Q. Public.
Well They Have Already Started Hiring So I Believe It Will Be Less Than 12 Months. There was a 3rd person hired also but that info is not at my fingertips.
Pedro Julian Contreras Barrios
Drilling Team Leader
CEPSA
January 2013 – Present (2 years 1 month)
Working in planning and desing of drilling projects in South America, North of Africa and offshore projects in Thailand and Malaysia and Caribbean region. Working on the planning phase of Kenya Exploration project
Note the background in the profile selfie...
https://www.linkedin.com/pub/pedro-julian-contreras-barrios/5b/59b/791
Louis Venter
Contracts Engineer
CEPSA
February 2014 – Present (1 year)Madrid Area, Spain
Responsible for developing contracting strategies, tendering and award of contracts for an onshore seismic and exploration drilling project in Kenya.
https://es.linkedin.com/pub/louis-venter/31/823/585
Have You Sold So You Can Buy Back @ $.001?? Please tell us the TRUTH.
Ruffly 2% Of Our Shares Traded Yesterday. Ruffly 33% has traded in the last 3 months. So it would have been easy for 2 or more persons to have bought 5% of the company. Wish there was a way to know who is buying. What's the time frame between buying 5% and the public learning about it??
7.5 M. Shares. Not only are you buying the 1st round, you're paying for the Hotel Rooms.
# 4756 Is Still There. You didn't put anything on the 1st line. If there's nothing on the 1st line, then there is nothing to "click" on to, so won't open that way. If you go to the previous post and click "next", or the following post and click "previous" it will open up. Just remember there needs to be something on the top line.
Only One Post Was Removed Yeaterday #4758. Yes it was yours, but it was a duplicate.
Thanks For The Post. I feel much better that my company knows how to handle things properly.
Link Please.
J.E. Are These Your Words Or Dans
Sedimentary basins are regions of the earth of long-term subsidence creating accommodation space for infilling by sediments.[1] The subsidence results from the thinning of underlying crust, sedimentary, volcanic, and tectonic loading, and changes in the thickness or density of adjacent lithosphere.[2] Sedimentary basins occur in diverse geological settings usually associated with plate tectonic activity. Basins are classified structurally in various ways, with a primary classifications distinguishing among basins formed in various plate tectonic regime (divergent, convergent, transform, intraplate), the proximity of the basin to the active plate margins, and whether oceanic, continental or transitional crust underlies the basin.[1][2][3] Basins formed in different plate tectonic regimes vary in their preservation potential. On oceanic crust, basins are likely to be subducted, while marginal continental basins may be partially preserved, and intracratonic basins have a high probability of preservation.[2] As the sediments are buried, they are subjected to increasing pressure and begin the process of lithification. A number of basins formed in extensional settings can undergo inversion which has accounted for a number of the economically viable oil reserves on earth which were formerly basins.
https://en.wikipedia.org/wiki/Sedimentary_basin
Krombcher; Thanks For The Good Read. I've been leaning in the same direction, thanks for putting into words some of my thoughts.
Oil giant Shell cuts spending by $15 billion
More bad news for oil industry workers and suppliers: Royal Dutch Shell has joined the ranks of energy companies who are slashing their spending.
Shell said it was scaling back its planned capital investment by $15 billion over the next three years.
Oil is now trading around $45 per barrel, down from over $100 per barrel this summer.
Shares in Royal Dutch Shell (RDSB) fell by about 5% in London after the company said fourth quarter net profit fell 57% versus the same period last year.
"Shell has options to further reduce spending, but we are not over-reacting to current low oil prices," the company said in a statement.
David Madden, a market analyst at IG in London, described the cuts as "enormous." The move "signals cautious times ahead," he added.
A string of other energy companies have already announced plans to cut investments and jobs due to the slump in oil prices.
BHP Billiton (BBL) announced this month it was cutting its U.S. onshore rig operations by about 40% this year. Schlumberger (SLB) recently announced plans to lay off 9,000 workers.
French energy giant Total (TOT) is also reportedly slashing capital spending by 10% this year.
But not everyone was feeling down about Shell's results.
"A poor quarterly result does not change our view that Shell has the greatest financial flexibility in the integrated oil sector," said energy analyst Jason Gammel from investment bank Jefferies.
First Published: January 29, 2015: 7:53 AM ET
http://money.cnn.com/2015/01/29/investing/oil-shell-cuts-spending/index.html?iid=HP_LN
ERHE Made The Cover Of Energy Executive
Here's the article...
http://energy-executive.com/features/petroleum/199-erhc-energy-inc
Here's the cover + part of the article...
http://erhc.com/articles/erhc-energy-featured-in-energy-executive-magazine/
Thanks to Majicathome
The Whole Article...
http://energy-executive.com/features/petroleum/199-erhc-energy-inc
Thanks Cowboy, Hadn't Seen That One Yet. But I thought Pedro Julian Contreras Barrioshad was the Team Leader?
Pedro Julian Contreras Barrios
Drilling Team Leader
CEPSA
January 2013 – Present (2 years 1 month)
Working in planning and desing of drilling projects in South America, North of Africa and offshore projects in Thailand and Malaysia and Caribbean region. Working on the planning phase of Kenya Exploration project
Note the background in the profile selfie...
https://www.linkedin.com/pub/pedro-julian-contreras-barrios/5b/59b/791
Compare This View Point To One Of Our Posters...
Good to see the Form 4's today from the last week in December. Very nice. Also, what I thought as to the delay when we would find out. They have to report within a few days but that doesn't get disclosed to the public for a while.
Another thought.... I am glad to see Peter purchase more shares and I do not judge the amount. It was a decent purchase. On the other hand, the CFO purchased a substantial amount and this is the person who knows $ and cents for what is going on behind the scenes at ERHE. This was more of a confidence sign than Peter's purchase in my opinion.
GLTA
(From Strategyone)
Good to see insider buys..... BUT bought on December 16 ...over a month to report...10K filed Dec. 29 2014, buys should have been included in subsequent events.
In otherwords nothing ERHE does will make me happy!
And that's the truth!
Shame On PN's for writting a glowing article on Nigeria’s Minister of Petroleum while on ERHE payroll. I don't think while he's on the ERHE payroll he should take the time to go to the bathroom or go grocery shopping either. I don't think he should sleep anywhere except the office until he gets this share price up. And never forget I know the truth.
bmu See Post 4597
Here are the major tax increases in the President's upcoming budget:
?1. Capital Gains Rate Hike: raises capital gains and dividends tax rate from 23.8% today (20% plus 3.8% Obamacare surtax) to 28% (including the Obamacare surtax).
The capital gains tax has not been that high since President Clinton signed a rate cut in 1997.
It would represent a massive hike in the rate since Obama took office. When he was sworn in, the rate was 15%. He proposes to nearly double it to 28% in the twilight of his administration.
Any Day Now We Might Get A PR Saying How Much Oil They Think Is In 11B. And how soon they plan to drill.
Well trust me that won’t happen for a very, very long time. And I know the truth! And if it did happen, the PR would say “We don’t think there is any oil, but we’re going to drill anyway. We didn’t do 3D because we have no desire to find any oil. We’re going to drill in a spot where we’re sure there is no oil.”
Signed ERHE Management.
Some Will Say, But We Have A MOU. A MOU with a new partner that has the 1st right of refusal. If another company comes along and wants to pay us more to be partners, the 1st company has the right to equal that amount. But that will never happen because our management is too stupid, & I know the truth!
And The EEZ. They want us to think we have a partner. But they can’t tell us who it is. Yeah right. I know the truth. And the truth is, we don’t have a partner in the EEZ. How do I know? Because management is stupid, and I’m smart.
And Hey! I don’t care if you hate my posts. I don’t care if you hate me! Anything negative I can think of about ERHE & it’s management, I’m going to post! Why would I do that you ask??? Well I have my reasons.
STUPID PARTNER. They’re not even going to do 3D. They’re going straight to drilling. That’s crazy. I mean if you wanta find oil ya gotta do 3D, right? They must think there is so much freaking oil they don’t need any freaking 3D. The stupidity of our management must be rubbing off onto our partners.
And Kenya. Management tried to save the company by getting us Kenya too. But what good has that got us??? Have they pumped any oil??? NOOOO! All they did was get us a partner. A STUPID PARTNER! A partner so stupid that they walked away from another block. And choose ours. I bet the block they walked away from has ALL the oil & ours has NONE. I bet that those two Big Black Blobs aren’t oil. I bet they are just Black Dirt!!! STUPID MANAGEMENT!!
I Mean I Know Management Tried To Save The Company By Getting Us Chad. But what good has that done us??? Have they pumped any oil yet??? NOOOO! All they did was find that it has a lot more oil than they 1st thought.
OK I Give Up. I too will start posting negative . All day, every day. Negative, negative, negative. If our partner in the JDZ didn’t find oil, it was ERHE’s fault. After all it was management that picked the empty blocks right???
Sidewinder: You Can Click On "Moderators" Above, & Then Remove Yourself, If You Wish.
Some CEPSA guys involved with Kenya drilling...
(From Kingpin On Other Board)
Pedro Julian Contreras Barrios
Drilling Team Leader
CEPSA
January 2013 – Present (2 years 1 month)
Working in planning and desing of drilling projects in South America, North of Africa and offshore projects in Thailand and Malaysia and Caribbean region. Working on the planning phase of Kenya Exploration project
Note the background in the profile selfie...
https://www.linkedin.com/pub/pedro-julian-contreras-barrios/5b/59b/791
Louis Venter
Contracts Engineer
CEPSA
February 2014 – Present (1 year)Madrid Area, Spain
Responsible for developing contracting strategies, tendering and award of contracts for an onshore seismic and exploration drilling project in Kenya.
https://es.linkedin.com/pub/louis-venter/31/823/585
You Sir, Are Better Than Sherlock Holmes
Kayakbob; Your Post Has Been Un-Censored.
Acquisition of oil firm in the offing
(Thanks To Kingpin)
By KENNEDY SENELWA, TEA Special Correspondent
Posted Saturday, January 10 2015 at 20:07
Nigerian oil firm Seplat Petroleum Development Company Ltd has approached London Stock Exchange-listed Afren Plc, which is exploring for crude oil in Kenya and Tanzania, with takeover proposal after ERHC Energy Inc announced plans to sell a portion of its assets in Kenya and Chad.
The deal will see Seplat gain a foothold in East Africa. Afren owns 80 per cent of onshore block 1, 100 per cent stake in offshore block L17 and L18 in Kenya, in addition to 74 per cent share of Tanga block in Tanzania.
Decline in oil prices
Nairobi-based Hydrocarbons Management Consultants said small to midsized exploration and production firms could be snapped up by rich rivals due to fragile conditions caused by sharp decline of crude oil prices.
“They have to sell part of their exploration rights to raise funds to expedite well drilling to comply with work programmes agreed on with Ministry of Energy in Kenya,” said Hydrocarbons lead consultant Robert Shisoka.
Rift Energy Corporation and FAR Ltd are seeking new investors to fund future exploration work in Kenya. ERHC wants to sale part of its share in block 11A in northwestern Kenya and Chad’s block BDS-2008.
“We cannot predict when or if this will occur. These strategies were already being pursued prior to the decline in crude oil prices,’’ said ERHC’s spokesman Daniel Keeney. The firm has 35 per cent cstake in block 11A.
Compañía Española de Petróleos and National Oil Corporation of Kenya each own 55 per cent and 10 per cent of acreage 11A, where a seismic survey to map out crude oil deposits was completed in July 2014.
http://www.theeastafrican.co.ke/business/Acquisition-of-oil-firm-in-the-offing--/-/2560/2585026/-/erjly1z/-/index.html
O.T. Some Oil Numbers
It has been a pretty rough six-month stretch for the energy industry. Crude oil prices have fallen about 55% since the middle of last summer, resulting in some of the world’s largest energy companies losing hundreds of billions of dollars in market value.
The price of crude oil has been relatively flat over the past two days, but it still sits below $50 per barrel — the lowest point in about 5 and 1/2 years — thanks to a global supply glut exacerbated by the ongoing U.S. shale boom as well as decreased oil consumption in Asia and Europe.
As oil prices have steadily declined, so too have the share prices of many large energy companies. Out of 24 oil, gas and coal producers in the Fortune 500, 22 saw their stock price decline between the beginning of July 2014 and Wednesday’s close. In total, the 24 companies lost more than $263 billion in market value combined, according to data from FactSet Research Systems. (A company’s market value is found by multiplying its share price by the number of its shares outstanding.)
Exxon Mobil and Chevron, the two largest U.S. energy companies, accounted for more than $95 billion of that figure as the two have seen their respective market values decrease by 11.7% and 17.9% in just over six months.
In terms of total lost market value, ConocoPhillips and Occidental Petroleum finished behind Exxon and Chevron, with more than $20 billion shaved off each of their respective market caps during the period — a 26% decline.
Only two of the qualifying companies on the Fortune 500 list actually improved over the past six months: Marathon Petroleum and Tesoro, both of which are oil refiners who benefit from lower crude prices.
Meanwhile, even coal producers have not been immune to the energy sell-off, as both Peabody Energy and Cliffs Natural Resources have seen their market values drop by more than half since July. And, Halliburton’s 44% stock dip since last summer is one example of how ancillary companies in the energy industry have been hit hard as well.
What’s more, the energy industry’s woes are likely far from over. While the broader stock market has rebounded sharply over the past two days, oil prices have yet to show significant improvement. In fact, some analysts see prices hitting $40 per barrel at some point in 2015 as oversupply in the global oil market shows little sign of abating.
http://time.com/3661959/oil-companies-lose-billions/?
Would Be A Disappointment Because Our Stock Would ONLY Go To $3.50!
Over My Many Years On These Boards, One Thing I Have Learned. The sign of a true basher. Of course they post something negitive every day no mater what the stock is doing, but they also love to use LOL or BAHAHAHAHA on days your stock is going down.
Just an FYI for the board.
I Think By The End Of Jan. Investors Will Be Sorry They Didn't/Or Happy They Did, Add @ These Prices.