Addax Petroleum (fka AXC)

[DegenerateGambler]

Middy again you thoughts about a future partnership (or lack thereof) with CEPSA make perfect sense. What Dr. J alludes to is only a remote possibility if that. IMO, the only reason why Peter keeps dragging out reporting the dry hole is to keep the company afloat with more death cycle financing is to keep his paychecks coming in. It is only a matter of time when the company folds and Peter is out in the street. Peter will do ANYTHING to keep getting paid. Where will the money come from to pay ERHC debts? There is now way ERHC can pay the millions of dollars they owe.