Meridian... posting about filing to the SEC?
Wonder if the SEC would be interested some of these posts?
Why the attack?
Posted by: Meridian
In reply to: pistolpete who wrote msg# 76225 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:4/4/2006 1:08:35 PM
Post # of 78907
If you are a criminal investigator, a tip, why don't you check the CV's of the new board members of ERHC. Are they really CPA's.
How is Meridian so sure of who is not talking with ERHC?
Posted by: Meridian
In reply to: balance_builder who wrote msg# 29708 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/10/2006 6:52:44 AM
Post # of 49392
NO, CVX is not talking to ERHC. I just do not know if they are talking to other parties.
If you learn anything, you will learn that Meridian works late and he works long, and he is relentless in his chase.
Posted by: Meridian
In reply to: Art2004 who wrote msg# 29701 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/10/2006 6:48:44 AM
Post # of 49392
good night
Meridian, if he is anything, you will also learn, is the consummate salesman of the AIM. A broker wannabe or just a fellow looking for a finders fee?
Posted by: Meridian
In reply to: balance_builder who wrote msg# 29696 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/10/2006 6:44:12 AM
Post # of 49392
Balance; I enjoyed your analysis, but sometimes real life is simpler. A lot of thinking tends to complicate things.
You assume that big oil can act swiftly and promptly, they cannot. They are large bureaucratic organisations.
You speculate that Big Oil may interfere in local politics. Jail is not an option for any employee or consultant of Big Oil. The only Big Oil can do is stipulate, over and over again, that they are technically and financially more competent than any of the other players. End of story.
The experience with inversions you refer to is in the US offshore companies. For ERHC that may not be the case.
As regards AIM go to www.londonstockexchange.com and look up the oil companies on the AIM, like Equator, Afren etc.
It’s 6:18AM iHub time and Meridian is burning the midnight oil needing coffee to prevent typo’s. What drives a man with no shares, living high on the hog, to work so hard? With the need to post on iHub for what purpose? A share of a big cut if he can convince SEO to IPO on the AIM? Desperate men do desperate things.
Posted by: Meridian
In reply to: Bklynboy56 who wrote msg# 29691 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/10/2006 6:18:28 AM
Post # of 49391
I needed that coffee. I saw a lot of typo's in my earlier posts.
Lou, I do not really understand your first point. If you mean what SEO plans to do, I'd say build a oil company.
As regards your second point. It must be a huge find. I know for sure but cannot tell how I know it because the info, let's say, has not been legally obtained. In other words email traffic is not the most secure way of communicating.
Meridian a man that travels…. From London to ABUJA?
Posted by: Meridian
In reply to: mrrhodes who wrote msg# 29667 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/10/2006 5:08:48 AM
Post # of 49391
Most likely. Flight is booked for this sunday on ba from London.
Posted by: mrrhodes
In reply to: Meridian who wrote msg# 29666 profileimages.asp?fromprofile=33027&fromProfileName=mrrhodes
Date:3/10/2006 4:58:16 AM
Post # of 49391
Will you be in attendence once again on Mar. 14?
Tapco1 doesn’t want to, or is it really Meridian that doesn’t want to see ERHE maintain a quotation in the US?
Posted by: Meridian
In reply to: Tapco1 who wrote msg# 29420 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 3:37:08 AM
Post # of 49391
IMO you do not want to maintain a quotation in the US. I does not make sense and only creates dwonward pressure on the stock. Ignoring the compliance costs.
US citizens can keep their shares in ERHC in a securities safekeeping account with their US banks. Or through a UK broker. I admit if you want to trade daily it will be a bit cumbersome. But then again, does the company want that kind of shareholders. In line with Buffet I would say no. Smoke them out.
Further there are ways to avoid capital gains taxation upon an inversion.
But He this is all speculation on myside, but my gut feeling says that it is a very likely scenario.
“When ERHC goes to the AIM”… a SEO desire or a Meridian desire?
Posted by: Meridian
In reply to: badog who wrote msg# 29402 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 2:03:22 AM
Post # of 49390
two things: a little more conservative approach to reserve numbers. ERHC only has a net entitlement to oil under the PSC's. see my earliers posts on profit oil.
I would speculate on a stock transfer type of corporate inversion when ERHC goes to the AIM (I really do not know) and 10 in 1 reverse split to reduce the numbers of shares. The big companies on the AIM have max 500 mm shares in issue.
Is Meridian actually Addax’s nominated advisor (nomad)? He sure has plenty of insider information. JMHO
Posted by: Meridian
In reply to: jdubs who wrote msg# 29379 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 1:02:40 AM
Post # of 49390
Less reporting yes, but more transparency.
Please note that on the AIM you have a broker and a nominated advisor (nomad). that look over the shoulder of management of the company.
go to www.londonstockexchange.com and lookup the aim rules. I personally think they are better than the SEC rules.
AIM simply gives a better value for non-US barrels than a US exchange would.
How come Meridian is so quick to point to the ease of moving to AIM?
Posted by: Meridian
In reply to: Art2004 who wrote msg# 29375 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 12:59:18 AM
Post # of 49389
You can cancel the OTC BB quotation and list on the AIM. no problem
A seperate IPO is not required.
Posted by: Art2004
In reply to: None profileimages.asp?fromprofile=51323&fromProfileName=Art2004
Date:3/9/2006 12:45:25 AM
Post # of 49389
Meridian, appreciate all your responses.
I wonder if you or the board know if it would be possible to transfer a listing from the OTC-Nasdaq to the AIM of the LSE?
Or would a separate IPO be required for the AIM and then ERHE would be listed on the two exchanges?
Meridian sure knows what Addax is planning!
Posted by: Meridian
In reply to: Spec29 who wrote msg# 29366 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 12:44:10 AM
Post # of 49389
just kidding, i may be a bit conservative with USD 2 to 3 /share. But remember until we actually drill, and discover a lot of oil and some cap and associated gas, you do not know what you have.
Addax has a slot for a rig for block 4 towards the end of the year. That will clarify a lot i hope.
How does he think he knows what SEO’s itch is, or is it really Meridian that is itching?
Posted by: Meridian
In reply to: oil-cowboy who wrote msg# 29358 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/9/2006 12:25:13 AM
Post # of 49389
Well, not in the US. But IMHO I would say the AIM of the LSE.
Posted by: oil-cowboy
In reply to: Meridian who wrote msg# 29357 profileimages.asp?fromprofile=64497&fromProfileName=oil-cowboy
Date:3/9/2006 12:23:17 AM
Post # of 49389
Meridian........ do you think EO has an itch to get on to a bigger board??
Posted by: Meridian
In reply to: InWayTooDeep who wrote msg# 29046 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 10:54:40 PM
Post # of 49389
I think he is very competent.
Posted by: InWayTooDeep
In reply to: None profileimages.asp?fromprofile=62646&fromProfileName=InWayTooDeep
Date:3/7/2006 10:42:08 PM
Post # of 49389
Meridian,
What is your impression of Brandhuber?
10:31PM iHub time and already morning Meridians time.
Posted by: Meridian
In reply to: oilman57 who wrote msg# 29039 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 10:31:46 PM
Post # of 49389
Thanks, but it already morning over here
Posted by: Meridian
In reply to: markgovols who wrote msg# 29015 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 9:58:47 PM
Post # of 49389
JDA wants to finalise negotiations of the PSC for Block 2 by March 10.
Having said that, it does not mean that the JOA will be ready before the 14th. Let's keep our fingers crossed.
Posted by: Meridian
In reply to: Manti who wrote msg# 28920 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 2:25:04 PM
Post # of 49389
I think if Addax could have been the operator of Block 2, sinopec would not have been there. At the time Addax was not allowed, as a kind of general policy, to operate two blocks.
Posted by: Meridian
In reply to: stockhocker who wrote msg# 28903 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 2:09:33 PM
Post # of 49388
JDA confirmed that Sinopec is the operator of Block 2.
Block 2 is moving forward. Let's hope these Indians will cooperate.
Posted by: Meridian
In reply to: walldog0 who wrote msg# 28837 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 12:27:41 PM
Post # of 49388
Addax and Sinopec. I do not know the exact reason for Addax being in Block 2. But if you allow me to speculate. I assume it has something to do with the participation agreement.
ERHC and Addax have two (I assume almost identical) PA's already. ERHC and Addax together could have forced Sinopec to agree to similar terms as for Block 3 and 4. So no lengthy negotiations
I admit, I could be way off here.
Why is he so sure? Because he knows Addax ‘s thinking or ERHC’s thinking!
Posted by: Meridian
In reply to: Art2004 who wrote msg# 28854 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 12:20:12 PM
Post # of 49388
That is not gonna happen.
Posted by: Art2004
In reply to: None profileimages.asp?fromprofile=51323&fromProfileName=Art2004
Date:3/7/2006 11:54:12 AM
Post # of 49388
Meridian, what do you think of the possibilities of Addax and ERHC swapping part of their shares at some future date to form a new entity or company. Addax aparently has excellent control over their human resources ability and growth.
Offor/ERHC could continue to provide political contacts.
Addax/ERHC _____. LTD.
Asked if family members own shares:
Posted by: Meridian
In reply to: Dadd who wrote msg# 28813 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 10:04:26 AM
Post # of 49388
Not that I know off. But could well be. I have been very positive about the company.
Posted by: Meridian
In reply to: Fishdog who wrote msg# 28809 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 10:02:07 AM
Post # of 49388
Could not agree less. But my bet is that ERHC will transform into an operating company. And that will be difficult considering the shortage of human (technical) capital. The latter is the real bottleneck in the industry nowadays.
Please note that if ERHC is an operating company it will be in a much better position to leverage its interests in PSC's and concessions.
If it’s 6:01AM iHub time and late lunch for Meridian?
Posted by: Meridian
In reply to: Platina who wrote msg# 28775 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 6:01:55 AM
Post # of 49388
Platina, I am out for a late lunch. Will be back later.
How would he know if some obscure companies had targeted a listing on the AIM?
Posted by: Meridian
In reply to: Platina who wrote msg# 28772 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 5:36:01 AM
Post # of 49387
Platina,
I do not think that personal motives SEO would dominate the discussion. London is just the place to be if you have non-US reserves. That has always been the case.
I know for a fact that Mr. Brandhuber and his consultants really do understand this.
By the way, Vaalco and Vanco targeted a listing on the AIM.
Meridian doesn't need the money?
Posted by: Meridian
In reply to: Julius Erving who wrote msg# 28758 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 3:51:41 AM
Post # of 49387
Doc,
Do you know Maslow's pyramide.
If not, read about it. I am somewhere between level 4 and 5.
Response to possible NASDAQ and AIM discussion:
Posted by: Meridian
In reply to: Tapco1 who wrote msg# 28757 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 3:49:22 AM
Post # of 49387
I think that a dual listing would be to burden some from a regulatory compliance point of view. In addition you will never benefit from the true value of the AIM because of the constant arbitrage pressure. You do not want to be there.
Response to SEO going to NYSE
Posted by: Meridian
In reply to: Tapco1 who wrote msg# 28748 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/7/2006 2:53:22 AM
Post # of 49387
The action is not in the US but in UK. The AIM of the LSE would be a much better option IMHO (for once).
Posted by: Meridian
In reply to: Art2004 who wrote msg# 28166 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/4/2006 9:02:35 AM
Post # of 49387
Conoil approved the wording of the JOA, but had problems with the 9% transfer to godsonic. Conoil wanted confirmation from the JDA as regards that transfer. JDA refused giving this confirmation because there was no PSC and thought it to be nothing of their business.
That is the reason Conoil did not sign initially.
However the 24th the letter arrived of the JDA confirming Godsonic's position. Then they had to look for other tactics to delay the signing. Please so not forget that they still want the operator position. They found the solution in STP, where suddenly STP'ers had to review the PSC and later the JOA, both none of their business. According to the treaty, the JDA could have signed just there and then, but did not for political reasons.
I have not heard anything about conoil selling to CVX. I do not know whether that is for real or not.
A merger of conoil and godsonic is out of the question.
Sinopec would be interested in Godsonic's interest in Block 4.
Sofar, sinopec has not shown any interest for a stake in block 3.
This morning I read the article of B.M. again in Upstream. I do not know what he is smoking, but i sure would like to try that stuff.
For all the people on the board. Sinopec did not bid in the second round. A company used their name. It was a scam.
Speaking of SEO, and Meridian thinking IPO on the AIM?
Posted by: Meridian
In reply to: balance_builder who wrote msg# 28128 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/4/2006 5:26:08 AM
Post # of 49387
His Long term vision is to build an large pan african oil company.
He is not going to sell. He received many offers, but kindly declined them.
Posted by: Meridian
In reply to: ts1226 who wrote msg# 28048 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 4:54:43 PM
Post # of 49387
Why is Sinopec in Block 2? Because Addax was not allowed by the JDA to operate two blocks! Why try to cut a three party deal including a state owned entity if it would be so simple.
Now about CVX, who did they contact within ERHC, you can disclose that can't you?
Posted by: Meridian
In reply to: slacker42 who wrote msg# 28012 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 4:36:12 PM
Post # of 49387
Anadarko played some funny games in the past. In the early days A. tried to shift the focus away from block 4 to block 3. At the time they were telling everybody in the industry that 3 would be the better block. Probably thought that they were dealing with stupids.
Well, who got stuck with block 3 and desperately tried to get into block 4?
Posted by: Meridian
In reply to: LowFloatGoat who wrote msg# 27907 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 2:33:28 PM
Post # of 49387
17.7 for ERHC is correct. That interest if fully carried.
Posted by: Meridian
In reply to: oilman57 who wrote msg# 27873 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 12:19:33 PM
Post # of 49387
Thanks
What is the date of this article.
DR. D is in the States since Sunday.
Posted by: Meridian
In reply to: Fishdog who wrote msg# 27836 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 12:06:21 PM
Post # of 49387
March 14 signing for all three blocks 2, 3 and 4.
Sinopec, Addax and ERHC reached agreement. Hopefully the JDA approves of Sinopec real quick so that they can finalise the negotiations on the JOA and PSC. That should be somewhere next week, hopefully.
Godsonic has 14% in Block 4. That 9% extra interest for Godsonic stems from the time that Noble was involved.
Addax connection?
Posted by: Meridian
In reply to: markgovols who wrote msg# 27812 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:3/3/2006 11:57:08 AM
Post # of 49387
I do not think that Sinopec has been formally approved yet, but I understand ERHC, ADDAX and SINOPEC reached a deal.
Posted by: Meridian
In reply to: markgovols who wrote msg# 25815 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/26/2006 5:30:04 PM
Post # of 49387
Thanks for all the kind words. I can only say that I am very close to the source. For a special reason, not to be disclosed, this company only recently attracted my attention.
I have never bought, or will buy shares in the Company. I explained this earlier.
I am not instructed by anyone, but the reason for sharing facts and the local interpretation of the dynamics is to restore trust in the company. Company will need it if it wants to grow.
CVX has not been talking with ERHC. Deal with Sinopec is almost finalised. Sinopec will be approved as operator.
Mark, I think the JDA is going to announce the signature date for the PSC's 2, 3 and 4.
Mark, D. is out of the country. I do not know if the JMC will meet without him. Further, signing the PSC's for Block 2, 3 and 4 are scheduled for March 14, when D. is back in town.
The word is that JDA will make an official statement as regards March 14.
Anyway, Gandur is the chairman of the Addax & Oryx Group. Addax Petroleum is the operator in Block 4.
More Addax info
Posted by: Meridian
In reply to: Fishdog who wrote msg# 25305 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/25/2006 1:55:48 AM
Post # of 49387
The signature bonus payable by Addax is USD 18 MM.
Posted by: Meridian
In reply to: kobiashi2000 who wrote msg# 25110 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/24/2006 5:52:21 PM
Post # of 49387
There is a differnce between proof and knowledge.
Officially, it is STP officials wanting to review the PSC, that causes the delay till 7 pm, then those officials want to review the JOA and the siging is cancelled.
The STP'ers knew about the signing date/ceremony. So why did they make this move? Money?
Why did Conoil refused to sign the JOA; to delay the process.
With the signing ceremony they were basically forced to sign the JOA, or else.
ABUJA, Feb 24
Posted by: Meridian
In reply to: Sangamon Kid who wrote msg# 24997 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/24/2006 3:55:06 PM
Post # of 49382
I was there today. Two elements are missing or incorrect.
Sao Tome wants to review the JOA signed between all the partners in the Block and not just ERHC and Addax.
The Petroleum Mininster indirectly threatened Sao Tome with a war over the JDZ. Everybody attending the happening got that message.
Posted by: Meridian
In reply to: upndwninnout who wrote msg# 24640 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/23/2006 6:12:57 PM
Post # of 49381
I made some cash flow projections based on the various resource scenarios. My guess is that, assuming that the management would be able to communicate the value properly, the stock price should be somewhere between USD 2-3 based on the current number of shares in issue.
Again, he is privy to Addax information.
Posted by: Meridian
In reply to: oilman57 who wrote msg# 24540 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/23/2006 12:57:02 PM
Post # of 49381
According Addax geologist's the methodology applied to calculate reserve potential in the Blocks was incorrect and resulted in serious understatements of the reserve potential.
Unfortunately, I do not know their estimate of the reserve potential.
Posted by: Meridian
In reply to: Art2004 who wrote msg# 24465 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/23/2006 10:48:11 AM
Post # of 49381
The word is that Chevron is talking with some parties in Block 2, but not ERHC/Addax/Sinopec
Posted by: Meridian
In reply to: upndwninnout who wrote msg# 24446 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/23/2006 10:39:54 AM
Post # of 49381
Sinopec, Addax and ERHC are meeting in Abuja, today and tomorrow, supposedly to finalise their deal.
Posted by: Meridian
In reply to: freze7 who wrote msg# 24101 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/22/2006 2:56:55 AM
Post # of 49381
Block 4. One party has not signed the JOA yet. Addax is meeting JDA today to finalise the PSC.
Meridiian sure knows about Addax, if no body else.
Posted by: Meridian
In reply to: upndwninnout who wrote msg# 23961 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/21/2006 6:48:28 PM
Post # of 49377
And I was right about the Addax IPO, wasn't I.
Posted by: Meridian
In reply to: upndwninnout who wrote msg# 23952 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/21/2006 6:38:07 PM
Post # of 49377
As fas i know only Sinopec
How does he know?
Posted by: Meridian
In reply to: ts1226 who wrote msg# 23942 profileimages.asp?fromprofile=64959&fromProfileName=Meridian
Date:2/21/2006 5:19:56 PM
Post # of 49377
I am not saying that Chevron does not want a part. I am just saying they are not talking.
Meridian, you certainly are an interesting subject... just trying to figure out what makes you tick!
BCNU
