Addax Petroleum (fka AXC)

[midtieroil]

Looks like Starcrest, PN and SO are leading the lambs to slaughter once again. Chad looks like it is gone just as I predicted. No mention of Kenya at all. How strange is that? It is likely gone too. No mention of anything in the EEZ. Only the blocks in the JDZ are mentioned. So what's left? Deepwater blocs in the JDZ and EEZ. No way any of that will be drilled anytime soon. And the Jackson County, TX property is a complete joke as production plummets to almost nothing. No info on the financing or what is being bid on. Sounds bogus to me.

Highly likely that Starcrest will end up controlling a majority of ERHC and any remaining assets and that current shareholders will get diluted imto oblivion and screwed all over again.

I see this as the disaster I was expecting playing out just lIke I expected. To think that ERHC can buy and operate producing properties profitably with zero experience in doing so is the biggest joke of all.

All this is just another phony plan to steal assets and to give a handful of shareholders something else to hope for. No doubt that a few will believe it but not many will, as usual.