Addax Petroleum (fka AXC)

[midtieroil]

I don't know if you realize this but each public company is required by the SEC to file financial information on a yearly basis on a form called a 10K. This filing is available to all investors and shareholders and is very helpful in understanding what is going on. I suggest you try reading it. Here is what it says on what ERHC owes CEPSA.

As of September 30, 2016, the Company was $8,876,853 in arrears of part of its proportionate share of drilling expenses for Kenya Block 11A and therefore in default from May 2016 of its obligation to CEPSA. The drilling expenses are for the Tarach-1 exploratory well which was completed on Kenya Block 11A in summer 2016.

With the accrued interest on that debt I am sure it is very close to 9 million now. Looks like I'm right again, as usual.