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Addax Petroleum (fka AXC)

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Last Post: 8/21/2017 11:10:40 AM - Followers: 68 - Board type: Free - Posts Today: 5


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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#12724   Seek, Thanks for the update, however that is sneak-attack 08/21/17 11:10:40 AM
#12723   Yeah well everyone learned in the JDZ that midtieroil 08/21/17 10:02:27 AM
#12722   ExxonMobil gives up on block 2 in JDZ seek the light 08/21/17 09:47:20 AM
#12721   dr. j, ssc 08/21/17 08:47:53 AM
#12720   Parker, Julius Erving 08/21/17 08:29:25 AM
#12719   Well the Company ERHC indicated that was the seek the light 08/20/17 04:48:35 PM
#12718   Nope, do not agree at all! CEPSA seek the light 08/20/17 04:44:08 PM
#12717   Actually it had everything to do with Chrome. midtieroil 08/20/17 04:22:08 PM
#12716   Sneak, your post made me think about what DegenerateGambler 08/20/17 04:20:57 PM
#12715   ERHE did not get on the AIM before sneak-attack 08/20/17 02:40:53 PM
#12714   They have been socking money back for years. nwtf 08/20/17 12:50:55 PM
#12713   Eland was able to structure a deal midtieroil 08/20/17 11:42:10 AM
#12712   They may be working on some deal that midtieroil 08/20/17 11:06:08 AM
#12711   No AIM listing as long as SEO is seek the light 08/20/17 10:24:00 AM
#12708   how long do you think PN / SO DegenerateGambler 08/20/17 07:08:24 AM
#12707   I think Deloitte was gone a long time midtieroil 08/19/17 11:09:29 PM
#12706   I believe they left when they couldnt come nwtf 08/19/17 10:54:26 PM
#12705   Just a heads up... kingpindg 08/19/17 10:39:27 PM
#12703   Shush...... our little secret. :-) Let THEM oldoil 08/19/17 10:01:55 PM
#12701   Oldoil: I hope the email was informative and sneak-attack 08/19/17 09:02:49 PM
#12699   For those that don't do any DD about midtieroil 08/19/17 08:25:02 PM
#12698   There you go again middie.....Sorry to point this oldoil 08/19/17 07:29:09 PM
#12697   Who cares if they show up for work? midtieroil 08/19/17 01:55:43 PM
#12696   PN and So are working daily on whatever seek the light 08/19/17 11:26:23 AM
#12695   He's not confused about ERHC at all. midtieroil 08/19/17 11:13:44 AM
#12694   Sorry if thats too confusing for you. I'll oldoil 08/19/17 09:47:19 AM
#12693   We dont have any oil. So I dont nwtf 08/18/17 08:39:50 PM
#12692   You are correct. Pml3000 08/18/17 05:51:41 PM
#12691   What has changed is management has almost bankrupted midtieroil 08/18/17 04:07:52 PM
#12690   The only ones you have of mine are Pml3000 08/18/17 04:06:54 PM
#12689   Where are PN & SO? Houston? London? DegenerateGambler 08/18/17 03:44:17 PM
#12688   At some point bankruptcy proceeding will have to farrell90 08/18/17 03:21:44 PM
#12687   Like many here (Longs)..I traded several times and oldoil 08/18/17 03:01:49 PM
#12686   That .90 is actually $90 because of the ssc 08/18/17 12:31:54 PM
#12685   Big deal. I was the same way. Btw. Pml3000 08/18/17 11:41:39 AM
#12684   Ahhh...a message from the past... oldoil 08/18/17 11:12:46 AM
#12683   Those of us that have shares did not Pml3000 08/18/17 10:31:19 AM
#12682   Another interesting tell, no insider buying. SO ssc 08/18/17 08:48:58 AM
#12681   Do we see a typical Friday sell off sneak-attack 08/18/17 08:37:23 AM
#12679   Does anyone really expect a dead cat bounce? DegenerateGambler 08/17/17 10:17:07 PM
#12678   Well it would seem ERHE continues to tread sneak-attack 08/17/17 09:45:48 PM
#12677   One would need to own a company that nwtf 08/17/17 12:47:33 PM
#12676   Oil Producers Signal Offshore Return In Latest Gulf seek the light 08/17/17 09:15:48 AM
#12675   Looks like someone keeps nibbling on the Apple. sneak-attack 08/16/17 08:39:56 PM
#12674   Im not surprised about the warning. I know manuel06 08/16/17 04:04:55 PM
#12673   Thats the basic definition. Now put in context nwtf 08/16/17 12:53:57 PM
#12672   Yes, and a warning from a company like midtieroil 08/16/17 10:20:52 AM
#12671   WELL SAID !!! oldoil 08/16/17 09:33:43 AM
#12670   Going concern is a basic underlying assumption in manuel06 08/16/17 06:39:18 AM
#12669   """"A GOING CONCERN"""" nwtf 08/15/17 11:38:42 PM