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Addax Petroleum (fka AXC)

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Last Post: 9/25/2016 4:46:35 PM - Followers: 62 - Board type: Free - Posts Today: 1


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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#8546  Sticky Note Ever wonder why CEPSA dropped one block and kownski 05/22/16 12:46:07 PM
#10283   Incentive to Freeze oil output???? seek the light 09/25/16 04:46:35 PM
#10280   Here's a more revealing read: ssc 09/23/16 04:23:15 PM
#10279   Good read again: Julius Erving 09/23/16 02:04:27 PM
#10278   Another new all-time low .015; toxic shares can ssc 09/23/16 11:43:43 AM
#10277   OUR patience will pay off substantially as the oldoil 09/23/16 11:10:06 AM
#10275   oldoil....I will go quite and pretty much have seek the light 09/23/16 10:49:26 AM
#10273   Wrong on more than one count. IMO!!!!!!!!! seek the light 09/23/16 10:19:21 AM
#10272   Very informative but maybe longs should go silent? oldoil 09/23/16 10:00:03 AM
#10271   Quite to the contrary. The price of ssc 09/23/16 09:56:06 AM
#10269   Price of oil has little affect on companies ssc 09/23/16 09:41:44 AM
#10268   DUBAI/LONDON, Sept 23 (Reuters) - Saudi Arabia has seek the light 09/23/16 09:23:29 AM
#10267   Good luck to you also! lovemelongtime 09/22/16 07:18:17 PM
#10266   Old oil, looks like the only thing coming snayeman 09/22/16 05:35:46 PM
#10265   Could be Offor's exes picking up some shares emdyal 09/22/16 04:36:19 PM
#10264   Where are all those dilution insurance believers? ssc 09/22/16 03:43:10 PM
#10262   Patience....It's coming. oldoil is a tight hole right now...sorry. oldoil 09/21/16 07:31:34 PM
#10261   Some interested parties requested that oldoil forward the kingpindg 09/21/16 04:58:57 PM
#10260   Thanks. I was hoping the message had a little Opus X 09/21/16 04:54:57 PM
#10259   oldoil only indicated that he had received an kingpindg 09/21/16 04:51:08 PM
#10258   Thx. I don't have premium service. Just looking Opus X 09/21/16 02:44:29 PM
#10254   Sure would be nice...... to have some decent nordicroots 09/21/16 03:27:57 AM
#10250   He's pretty tight with his wallet . lovemelongtime 09/20/16 04:01:15 PM
#10249   With market cap under a million bucks, it's Manti 09/20/16 03:43:30 PM
#10242   If the "Mighty 98", as you call them, ssc 09/20/16 12:38:40 AM
#10235   With 35% maybe it would be better to midtieroil 09/19/16 09:50:59 PM
#10234   That is good since 0% of them showed midtieroil 09/19/16 09:41:02 PM
#10233   I'm going to lean on Krom to buy oldoil 09/19/16 09:29:21 PM
#10232   It's been reported that those 98 investors own oldoil 09/19/16 09:28:21 PM
#10231   I guess none of them are buying since midtieroil 09/19/16 08:47:53 PM
#10229   Can I get the source for your 98% midtieroil 09/19/16 08:17:47 PM
#10228   Thank you for speaking for the other98% of oldoil 09/19/16 08:03:41 PM
#10226   VFIN now asking .025; low today .022 so ssc 09/19/16 03:18:22 PM
#10225   Six years later negotiations are allegedly still going midtieroil 09/19/16 03:05:33 PM
#10224   Actually the negative folks need the share price midtieroil 09/19/16 03:02:07 PM
#10223   “Let 's look what ERHC has to offer Julius Erving 09/19/16 02:37:17 PM
#10222   The negative folks have to continue to be seek the light 09/19/16 02:15:24 PM
#10218   In my book, anybody who sat back and midtieroil 09/18/16 10:45:43 PM
#10215   Please try not to make things up because emdyal 09/18/16 09:49:32 PM
#10214   I think the plan now is to make midtieroil 09/18/16 05:30:02 PM
#10208   So the theme this weekend seems to be ssc 09/18/16 09:51:44 AM
#10206   True Opus X 09/17/16 11:50:47 PM
#10204   logic tells me posting here is left to oldoil 09/17/16 08:21:12 PM
#10203   Dr. J, if discussions are going on between DegenerateGambler 09/17/16 07:35:04 PM
#10202   Dead fricking nuts on LMLT. I learned the Opus X 09/17/16 06:22:11 PM
#10200   Middy again you thoughts about a future partnership DegenerateGambler 09/17/16 01:34:22 PM
#10199   Because many investors have thanked me for being midtieroil 09/17/16 01:22:12 PM
#10197   Because any good businessman or investor would realize midtieroil 09/17/16 12:46:54 PM
#10195   I have no doubt that CEPSA is negotiating midtieroil 09/17/16 11:42:52 AM
#10194   Very sound logic my friend, it seems some lovemelongtime 09/17/16 11:40:07 AM
#10193   Excellent well balanced post ! Tks. emdyal 09/17/16 10:26:31 AM