Addax Petroleum (fka AXC)

[Julius Erving]

I try to follow your reasoning but:

Also there is old 2 d seismic on both Chad and EEZ block 11 that can be and has been reprocessed by the company. Indeed this is the reason for their increased enthusiasm for these two areas.

CEPSA has in this regard nothing to do with ERHC and it's daily struggles.

You ask: "when does that start?"

I guess at the moment they feel that they have concluded the analysis based upon the latest new 2D...

Are you suggesting that CEPSA is stalling, for example because of the current oil glut times?

Also there is old 2 d seismic on both Chad and EEZ block 11 that can be and has been reprocessed by the company. Indeed this is the reason for their increased enthusiasm for these two areas.

No, I think that the new 2D is the reason, not the old...

How can you suggest something like that...???