Addax Petroleum (fka AXC)

[Tamtam]

Quote

.they can't pay for the last well

3/30/2016 excerpt from one of the sources you say are thrustworthy
.CEPSA holds 65 percent interest while its JV partner ERHC holds the remaining 35 percent interest in Block 11A. As previously disclosed, ERHC is obligated, under existing agreements, to pay 25 percent of its proportionate share of the costs of well and is carried for the remaining 75 percent of its proportionate share. ERHC says it has paid all cash calls relating to its obligations for the costs of the well to date.