Addax Petroleum (fka AXC)

[midtieroil]

How can you say the JDZ is alive and well when there has been no activity there for over 6 years? Even when oil prices were higher there was no interest. The only serious talk of doing anything was in Block 1 where non commercial amounts of oil were found. ERHC has no interest in that block.

And how many wells have been drilled in the EEZ? Hint:NONE. How many wells are planned in the EEZ? Hint:NONE. Is anybody even doing seismic there? Not that I know of.

We can certainly sit around and pretend there is a lot of interest and activity in the JDZ and EEZ. But the facts say otherwise. Nobody will be drilling in either in the near future and ERHC lacks the time to wait.