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Addax Petroleum (fka AXC)

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Last Post: 10/21/2017 5:53:02 PM - Followers: 69 - Board type: Free - Posts Today: 0


Founded in 1994 by the Addax & Oryx Group, Addax Petroleum is an international oil and gas exploration and production company focused on Africa and the Middle East. Addax Petroleum has rapidly grown to become one of the largest independent oil producers in West Africa, one of the most prolific oil and gas regions in the world.

Addax Petroleum has grown by acquiring under-developed properties in established basins and has increased its production by utilizing advanced and proven technologies. Addax Petroleum believes that its demonstrated operational and technical expertise, combined with its excellent reputation and strong community relationships throughout Africa and the Middle East, make it well positioned to continue to grow its reserves and production.

Addax Petroleum has a high quality asset base consisting of a number of producing properties in Nigeria and Gabon, and exploration and development properties and new venture opportunities in West Africa and the Kurdistan Region of Iraq.

Addax Petroleum employs a staff of 460 as of December 31, 2006, of whom 293 were in Nigeria. Additional information relating to Addax Petroleum is available through the internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at

About our name
Addax Petroleum was named after a typically African antelope that can be found in saharian and sub-saharian Africa.
The addax is a large bodied antelope with white to sandy coloration and long, thin, spiral horns that slant back and upward.
The addax is particularly known for its ability to survive in harsh environments and is considered the most-well adapted antelope to a desert as it is able to get most of the water it needs from the plants it finds locally.
The addax antelope was not only an emotional choice in the process of choosing a name but also seen as a perfect symbol to embody the spirit of Addax Petroleum's founders and the burgeoning culture of the company. It brought us closer to the continent where we started our operations and it still asserts our deep and continuous attachement to the African continent. It also reflects our philosophy and belief in the capacity of the company to adapt and prosper in areas deemed to offer little by transforming local resources into strong aces for growth.

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#13018   Well, waiting for news... Julius Erving 10/21/17 05:53:02 PM
#13016   That estimate of the future ERHC share price midtieroil 10/19/17 10:56:46 PM
#13015   Someone said the same thing 6 weeks ago. Pml3000 10/19/17 08:57:36 PM
#13014   You don't throw a Hail Mary pass unless midtieroil 10/19/17 06:59:37 PM
#13013   Then why havent they done this previously? nwtf 10/19/17 04:27:12 PM
#13012   And I have been saying for years that midtieroil 10/19/17 02:28:07 PM
#13011   I've been saying that for years, SEO always lovemelongtime 10/19/17 02:03:36 PM
#13010   Link please to the sources that say ERHC midtieroil 10/19/17 01:34:12 PM
#13009   I've heard from a number of sources emdyal 10/19/17 01:26:13 PM
#13008   And, by the way, it was the Chrome midtieroil 10/18/17 09:57:08 PM
#13006   More Fake News. Nobody associated with ERHC midtieroil 10/18/17 06:58:13 PM
#13005   Could ERHE get listed on the AIM in London? sneak-attack 10/18/17 06:27:07 PM
#13004   Was Kaboom a fact? How about dilution midtieroil 10/18/17 04:11:06 PM
#13003   There is oil in ERHC's blocks? Link, please. kingpindg 10/18/17 02:27:55 PM
#13001   Your "LIST" includes very little facts.....Innuendos, rumors and oldoil 10/18/17 11:06:49 AM
#13000   Less than two weeks from today the MOU midtieroil 10/18/17 10:58:18 AM
#12999   ONE for seven coming soon...Billions.....You agree my friend? oldoil 10/18/17 10:00:57 AM
#12998   With one exception..........GO ERHC.......KABOOM coming soon :-) oldoil 10/18/17 09:59:13 AM
#12997   What 1.30 a share are you speaking of? nwtf 10/17/17 10:03:53 PM
#12996   Just because they are cheap doesnt make it nwtf 10/17/17 08:54:28 PM
#12995   Glad you agree mwtf oldoil 10/17/17 07:00:58 PM
#12994   $1.30 per share is not worthless middie.......10 years oldoil 10/17/17 06:59:43 PM
#12993   If youve been losing for so long the nwtf 10/17/17 05:22:52 PM
#12992   Assets are all going to those owed money. midtieroil 10/17/17 05:11:49 PM
#12991   Yes. Every time they drill another dry midtieroil 10/17/17 05:08:33 PM
#12990   Glad that you finally agree that ERHC has midtieroil 10/17/17 05:06:10 PM
#12989   So the oil is there and in the emdyal 10/17/17 04:55:55 PM
#12988   Of course the odds change. Think about it, oldoil 10/17/17 03:16:01 PM
#12987   Why are we due? The odds dont change nwtf 10/17/17 02:41:25 PM
#12986   I totally agree. Looks like we’re due!! Hold onto oldoil 10/17/17 11:18:53 AM
#12985   No I blame ERHC. There are companies in midtieroil 10/17/17 11:10:02 AM
#12984   Do you blame CEPSA for that dry hole? oldoil 10/17/17 09:16:49 AM
#12982   I forgot 3 more screw ups. ERHC midtieroil 10/16/17 11:30:57 PM
#12981   So ERHC has now drilled 6 dry holes. midtieroil 10/16/17 09:57:52 PM
#12980   I have an idea that I think you'll oldoil 10/16/17 08:10:11 PM
#12979   But after the ERHC 1:100 reverse split the midtieroil 10/16/17 08:08:40 PM
#12978   Heard that back when it was at .96 nwtf 10/16/17 08:01:45 PM
#12977   Nobody here bailed too early. Everybody bailed midtieroil 10/16/17 03:33:57 PM
#12976   Kaboom. Soon. I’m loaded and ready for the $1.25 oldoil 10/16/17 03:21:28 PM
#12975   I hope any remainng ERHC assets get "stolen" midtieroil 10/16/17 03:09:17 PM
#12974   The road to the acquisition(theft) of ERHC assets emdyal 10/16/17 11:16:57 AM
#12971   Then how come you didn't know Chrome was midtieroil 10/15/17 11:26:42 PM
#12970   Most of us have similar contacts Around the world. oldoil 10/15/17 09:18:01 PM
#12969   Yes I have contacts in Nigeria. That midtieroil 10/15/17 07:26:19 PM
#12968   Link Please... oldoil 10/15/17 06:56:37 PM
#12967   False. Never happened. Link please. midtieroil 10/15/17 02:14:05 PM
#12966   Exxon told the JMC that they would like sneak-attack 10/15/17 12:07:49 AM
#12965   I guess some will chose to ignore this midtieroil 10/14/17 07:29:57 PM
#12964   Would someone seeing the doors chained at Chrome qualify? midtieroil 10/14/17 05:33:19 PM
#12963   Has there been some reliable , inside source emdyal 10/14/17 05:12:39 PM