- From: Alonso Bernardo <benmoha@cict.fr>
- Date: Wed, 20 Oct 2004 21:26:10 -0400
- To: Z:\MASTER\NAMES-A.txt
- Cc:
Wall Street Oil Report Soaring Oil Issues For Immediate Profits All-time record highs for oil are padding oil company profits. Focus your attention on ERHC - Joint Ownership of Offshore Billion Barrel Oil Blocks with ExxonMobil, Joint Venture Agreements with Major NYSE Oil Leaders! Grab this HOT OIL PLAY with guaranteed Billion Barrel Blocks being awarded within days. Environmental Remediation Holding Corp. OTCBB - ERHC Current Price .40 Target for October 1.25 What is an oil stock worth with guaranteed preferential rights to billions of barrels of oil in the hottest offshore zone in West Africa? Oil prices were pushing through $40 just 5 months ago, now the $50 barrier has been shattered. Read the headlines lately? Oil prices are expected to continue climbing. Serious attention has turned to a group of 9 offshore oil blocks in West Africa where Schlumberger SLB-$69, the world leader in reservoir imaging services, has validated recoverable reserves at over 14 Billion Barrels. This is worth Hundreds of Billions no matter what formula is applied. This would explain why ChevronTexaco and ExxonMobil paid over 120 Million to win operatorship of Block 1. ERHC has very strong percentages of 6 of the remaining blocks to be awarded along with ExxonMobil and 2 other NYSE super-majors that have partnered with ERHC. ERHC has signed a partnership agreement with Pioneer Natural Resources PXD-$35 in Block 2, and Noble Energy NBL-$60 in Block 4. Estimates amongst the international press covering these events point to ERHC and their respective partners capturing between 50% and 75% of both Blocks 2 and 4. The awards for these blocks are expected to be finalized any day. The value of these awards in conjunction with international press coverage is the sudden impact needed to set ERHC shares on fire! Any oil issue with events of this magnitude in today's climate is going to fly. Read the press for additional confirmation of what is at stake. ERHC's rights have been exercised by the Company and are guaranteed. ERHC's partnership agreements with oil super-majors are iron-clad. Investors must act quickly to accumulate a substantial position just before earth-shattering news is released that will send shockwaves through ERHC. DISCLOSURE: The information and opinions in this featured profile are based on sources believed to be reliable but no representation is made to its accuracy or completeness. Past performance is not an indicator of future results. This report is a paid profile for information purposes only and should not be used as the basis for any investment decision. The publisher has been compensated ten thousand dollars for the preparation of this profile and for continuing coverage of the featured company. The publisher is not an investment advisor and this profile is not to be considered investment advice. This information is neither a solicitation to buy nor an offer to sell securities. Information herein contains future- looking statements that are subject to significant risks and uncertainties. There are no shares presently held and no participation will occur in the trading of shares in any profiled company.
Received on Thursday, 21 October 2004 01:29:45 UTC