SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bc who wrote (7)7/13/1997 6:06:00 PM
From: GrnArrow   of 671
 
Hello Bonnie and Steve:
I'm glad someone is here besides me. I was afraid I was just talking to myself. I hope to contact Geoffrey Plank on Monday or Tuesday, there are several things I'd like to clarify, as well as get the investor package.

In the July 9 BBS article, I basically overlooked the mention that the company "with the assistance of
Chevron is designing a barge for 'Plug and Abandon' processes" . Didn't sound very exciting, but after reading over the 10K, "P&A" looks like it could be pretty lucrative.

from the 10K:
"ERHC hopes to have signed a "Master Service Agreement" with Chevron Oil
to complete the plug and abandonment (P & A) of over 400 wells in Louisiana in
early 1997. This contract could be worth in excess of 70 million dollars over
the next few years to ERHC. This is the first of three large contracts under
negotiation with the oil and gas industry. In addition, ERHC is in the final
stages of negotiation with two other major oil companies to take over all of
their plug and abandonment work now being performed "in house". "
furthermore:
"ERHC with the assistance of Chevron is desiging a "state of the art" P
& A barge that will handle pressure up to 10,000 psi, work in waters as shallow
as 19 inches and house up to fifteen (15 ) people. This barge will be the only
one of its kind on the gulf coast with a triad of capabilities: P & A work,
reworking of wells and environmental clean-up. ERHC will require a minimum of
four (4) barges if we are to complete the Chevron contract in the time frame
allotted under the agreement under discussion."

One of the things I hope to ask Geoffrey Plank is how this stuff is progressing. I picked up some shares on Friday, so I'm hoping we'll see continued activity (upwards) with the stock near term, although I plan on holding it long term.

regards,
Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News