ssc
1日前
Another good find kingpin. Quite a list of players there:
Current active companies in the archipelago—including Shell, TotalEnergies, Petrobras, Galp Energia, Kosmos Energy, and Oando—are eyeing these blocks, alongside new entrants
Of course there is no mention of erhc in the entire article. What a shame Ntephe couldn't manage to hold on to erhc's100% interests in blocks 4 and 11. Anyone know the status of the 2 15% options? Judging by the stock price those are gone as well, but I could be wrong. Management has not issued a shareholder update since 2017.
kingpindg
2日前
Sao Tome & Principe aims to finalize production sharing contracts (PSCs) by the end of 2026 for three ultra-deepwater blocks currently offered under a fast-track licensing round. According to Alvaro Silva, executive director of the state oil company and regulator ANP-STP, the country expects to negotiate these contracts by October or November 2026, following the bid deadline at the end of the current month. The blocks in question—7, 8, and 9—are located off the islands' west coasts, an area that has drawn increased industry attention after Shell's Falcao-1X wildcat in Block 10, north of Sao Tome, confirmed a working petroleum system in 2025. This discovery, along with Galp Energia's Jaca-1X wildcat in Block 6 east of Sao Tome in 2022, has significantly boosted interest in the western plays, with many companies approaching the agency since 2024.Silva emphasized that the country's legislation mandates a competitive bidding process for oil and gas acreage, preventing direct negotiations. Once companies express interest in a block, it must be offered through a licensing round, as was done for blocks 7, 8, and 9. Current active companies in the archipelago—including Shell, TotalEnergies, Petrobras, Galp Energia, Kosmos Energy, and Oando—are eyeing these blocks, alongside new entrants. Silva noted that industry feedback indicates confidence in the presence of oil in Sao Tome & Principe, with companies committed to staying. Planned offshore activities include a seismic survey by Shell in Block 4 in 2027, and TGS may gather new multi-client data in 2026.Looking ahead to potential financial inflows from a commercial oil project, Silva expressed optimism that the country could manage these resources "a little better than other countries," citing a legal framework designed for good governance and best practices. However, he cautioned that the handling of this revenue stream will ultimately depend on how leaders "take care of this wealth." The update was provided during an exploration panel at Upstream's Global Development & Decarbonisation Week 2026, a free virtual series held from 15–19 June 2026, exploring the evolution of oil and gas projects across regions, technologies, and markets.18 June 2026
https://newvision.io/industry-digest/sao-tome-targets-fast-track-conclusion-to-licensing-round
.
Max J
1月前
Fung, that is a not quite so accurate deflection post. You're a bit to 'eager' ... I haven't reached the 'decade' yet...
I followed nwtf for a valid reason: over there nwtf also doesn't own shares...
Krombacher was right all along... even I didn't believe the otc-shorter narrative...
But it's true, it's the only valid explanation.
No one in their right mind would spend a decade posting 24/7 on a sub penny stock board without af financial interest.
Badog also seems to not be able to let go... aka the 911 dispatchers...
I know now for sure everything I wanted to know.
The deflection posts will keep coming... for a reason.
I wish you guys good luck, you will need it. As long as the ticker is up... the axe can fall at any time.
is that there are many who believed a con man and threw thousands of $ away based on unlikely scenarios including the $8 short squeeze scam.
Badog, thousands? You mean: OVER A MILLION... just by listening to Krombacher's easy to debunk narratives, and without any facts supporting those claims by Krombacher...
Do you believe it yourself... ? I don't think so...
It's just deflection by you.
kingpindg
1月前
You’d think people would have learned to fact check AI by now. At least, I hope was written by AI.
Meanwhile, as an American publicly-traded company with a focus on sub-Saharan Africa, ERHC Energy Inc has centered its operations around de-risked exploration, cost efficient development and high-margin production. The company has stakes in Kenya’s Block 11A, and while no wells have been drilled to date, the acreage offers promising geology and is supported by extensive 2D seismic coverage. In Chad, ERHC Energy Inc has stakes in three oil blocks in the Doseo and Doba Basins, while in the Joint Development Zones between Nigeria and São Tomé and Príncipe, has exposure to six of the areas nine blocks. Peter Ntephe, CEO, ERHC Energy Inc, joins AEW 2026, where he is expected to share insights into these projects.
https://aecweek.com/news/africa-focused-independents-expand-aew-2026-speaker-lineup-exploration-accelerates
.
Max J
1月前
Badog,
Just for your peace of mind: it's over with ERHC, 99% sure.
Longs will hold on to their shares either way, in case the unexpected happens.
You don't have shares, be careful managing your time in life. Either way you will not make money here.
Playing 911 dispatcher here without any justifiable reason is not smart. And you've got proof it doesn't work anyway... over a $1.000.000,- worth of worthless shares were bought, despite over 10.000 upsetting warning posts not to buy into this non-reporting company... evidently people don't listen, maybe they got other more tangible motivations than a few unknown posters.
I couldn't get my friends to invest a $100,- each here...
The average intelligent reader here has a pretty clear picture why some without shares just can't seem to let go of ERHC and move on... even the boogie man has been long gone. And yet you still monitor this board daily, like a 911 dispatcher.
No answer, is also an answer.
Max.
ssc
1月前
Reality check: Once a quasi legitimate company, now a deadbeat, non-reporting, triple zero, Caveat Emptor shell with scam ceo and board that hasn't communicated with shareholders for more than 8 years. Add to that the largest shareholder (close to 400 million shares) and proven liar who created and promoted thousands of baseless lies, false rumors and outright lies while convincing small group of investors to keep buying from pre reverse split $.01 to near zero as they accumulated more than 2 billion erhe shares and who now cowers in silence and humiliation after being publicly exposed and debunked by the facts.
Some other interesting facts:
If you had 1 share certificate for each share and you stacked up 400 million of them, the pile would be about 4 1/2 times the height of Mt. Everest.
1 sheet of paper is worth 50 to 100 times the value of 1 erhe share.
"Good news" for erhc? Hasn't been any for more than a decade other than the 2 or 3 falsehood driven, short lived pump and dump campaigns. And dickran "dollars/share bs? Despicable, deceitful nonsense.