InvestorsHub Logo
icon url

erdo

01/24/09 6:32 PM

#149854 RE: balance_builder #149852

balance,

Pretty good summation of this past weeks news. Seems with Petrobas (174.4Billion), UAE (16Billion), and Menendez's discontent about drilling schedule and several other related posted articles this week, it's nice to at least hear the mention about sizable money flowing toward purchases and Sao Tome's name dropped several times.

If erhc has prolific possibilities, then there will be dot connecting. Meanwhile I listen and wonder and wait.

erdo
icon url

Stay the Course

01/24/09 6:38 PM

#149855 RE: balance_builder #149852

If you read this announcement it sounds to me like an estimated possible total figure of $16Billion and not a firm commitment like a construction contract, e.g. it says "one of the biggest commitments by any block of the world to look into what is happening in Africa". Not unlike other announced big plans that don't quite come to pass in that part of the world.

Next if you count up the events BB postulates there's nine of them.

Suppose there's a 50-50 chance of each happening and affecting ERHC.

Then the probability of them all happening when these dots are connected is 0.5 to the ninth power or 0.1953 percent.

In E&P and investing worlds of P90 and P50 and P10 possible reserves that ERHC might have, what value does connecting these dots really bring this board?

Dots gone mad........

Right on midtieroil.

Umbra might say "dottiness"

Here in the US on this board, believing in oilygrams and dottiegrams, does that constitute "being in one's dotage" ?



icon url

midtieroil

01/24/09 8:47 PM

#149862 RE: balance_builder #149852

As usual you are referencing deals that have absolutely nothing to do with ERHE. If ERHE couldn't or wouldn't make a deal before when oil was $140, they won't now either.
icon url

oil-cowboy

01/24/09 10:09 PM

#149878 RE: balance_builder #149852

Solid post Balance...EOM

icon url

mz157

01/25/09 12:20 PM

#149897 RE: balance_builder #149852

i dont even know how to respond to your delusional posts about oily, richkan, 6 christmas presents, easter bunnies, whiteboards, blackboards, pink boards etc etc. unfortunately, ignore doesnt work cause 75% of the board responds to your wacky theories.

on the flip side, we have one thing in common...we both make money when this thing goes up. good luck to you and your craziness! lol