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Addax Petroleum (fka AXC)

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Last Post: 10/19/2018 2:22:33 PM - Followers: 72 - Board type: Free - Posts Today: 5


Founded in 1994 by the Addax & Oryx Group, Addax Petroleum is an international oil and gas exploration and production company focused on Africa and the Middle East. Addax Petroleum has rapidly grown to become one of the largest independent oil producers in West Africa, one of the most prolific oil and gas regions in the world.

Addax Petroleum has grown by acquiring under-developed properties in established basins and has increased its production by utilizing advanced and proven technologies. Addax Petroleum believes that its demonstrated operational and technical expertise, combined with its excellent reputation and strong community relationships throughout Africa and the Middle East, make it well positioned to continue to grow its reserves and production.

Addax Petroleum has a high quality asset base consisting of a number of producing properties in Nigeria and Gabon, and exploration and development properties and new venture opportunities in West Africa and the Kurdistan Region of Iraq.

Addax Petroleum employs a staff of 460 as of December 31, 2006, of whom 293 were in Nigeria. Additional information relating to Addax Petroleum is available through the internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com.

About our name
Addax Petroleum was named after a typically African antelope that can be found in saharian and sub-saharian Africa.
The addax is a large bodied antelope with white to sandy coloration and long, thin, spiral horns that slant back and upward.
The addax is particularly known for its ability to survive in harsh environments and is considered the most-well adapted antelope to a desert as it is able to get most of the water it needs from the plants it finds locally.
The addax antelope was not only an emotional choice in the process of choosing a name but also seen as a perfect symbol to embody the spirit of Addax Petroleum's founders and the burgeoning culture of the company. It brought us closer to the continent where we started our operations and it still asserts our deep and continuous attachement to the African continent. It also reflects our philosophy and belief in the capacity of the company to adapt and prosper in areas deemed to offer little by transforming local resources into strong aces for growth.

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#16368   You must own XOM also. nwtf 10/19/18 02:22:33 PM
#16367   Not going to happen. They will be brought nwtf 10/19/18 02:21:55 PM
#16366   DREAMS COMING TRUE...Nice post SEEK....Just when the "Pot" oldoil 10/19/18 10:49:29 AM
#16365   Exxon Exploration Chief Eyes Africa for Next Elephant seek the light 10/19/18 09:22:45 AM
#16364   You need to not have such a narrow sneak-attack 10/19/18 05:24:21 AM
#16363   The Saudis are in 3rd place of where nwtf 10/18/18 10:31:04 PM
#16362   Great bulllet points sneak!! lovemelongtime 10/18/18 10:14:11 PM
#16361   The Saudi oil IPO could be on a sneak-attack 10/18/18 07:11:02 PM
#16360   Too bad ERHE isnt an oil service company. nwtf 10/18/18 05:31:12 PM
#16359   Oil Service Companies outlook.....Overseas and offshore heating up! seek the light 10/18/18 09:24:50 AM
#16358   No they dont have to be better. nwtf 10/17/18 12:54:17 PM
#16357   Prove it. nwtf 10/17/18 12:53:07 PM
#16356   I think I will go with with the nwtf 10/17/18 12:51:28 PM
#16355   It was most recently reported less than 2 ssc 10/17/18 12:44:51 PM
#16354   No. The going concern clause was first inserted Krombacher 10/17/18 12:34:15 PM
#16353   Another gem for the circle of absurdity: ssc 10/17/18 12:28:24 PM
#16352   Of course they're better now than before. Krombacher 10/17/18 09:00:55 AM
#16351   I agree they exist. The questionable line ssc 10/17/18 06:34:30 AM
#16350   Thank you for a link indicating no results Krombacher 10/17/18 06:04:59 AM
#16349   History is not indicative of future results. Krombacher 10/17/18 06:03:48 AM
#16348   So who's right? nordicroots 10/17/18 05:30:47 AM
#16346   FINRA Short Interest: http://otce.finra.org/ESI nwtf 10/16/18 04:48:06 PM
#16345   History of this board proves that saying positive ssc 10/16/18 04:30:23 PM
#16344   No one can provide a link to erhc's Krombacher 10/16/18 04:16:08 PM
#16343   Since no one can provide one, one would ssc 10/16/18 04:12:57 PM
#16342   It's a fait accomplit. Krombacher 10/16/18 04:10:41 PM
#16341   Link please to anything that confirms there is ssc 10/16/18 03:24:47 PM
#16340   Link please ...that no one is shorting Krombacher 10/16/18 02:21:09 PM
#16339   Nobody is shorting ERHE. nwtf 10/16/18 02:07:00 PM
#16338   Actually... the bid and ask is what makes Krombacher 10/16/18 01:06:37 PM
#16337   The point is the claims of a large ssc 10/16/18 09:22:51 AM
#16335   I think people are forgetting to carry the Krombacher 10/16/18 08:29:17 AM
#16334   The normal places that document 10K's and 10Q's Krombacher 10/16/18 08:27:56 AM
#16333   You have verified nothing. ssc 10/16/18 07:13:53 AM
#16332   What short position are you referring to? ssc 10/16/18 07:05:06 AM
#16331   Here's how I would do it... Krombacher 10/16/18 12:08:05 AM
#16330   My bad then. Forget rounding... kingpindg 10/15/18 09:54:48 PM
#16329   No. You didn't round enough. Krombacher 10/15/18 08:47:34 PM
#16328   So then you agree that when the original kingpindg 10/15/18 08:11:27 PM
#16327   Ok... so upon further computations I see that Krombacher 10/15/18 06:45:54 PM
#16326   Auman and ssc, Krombacher 10/15/18 06:38:49 PM
#16325   You need to do some research on your troutlake 10/15/18 06:00:10 PM
#16324   I disagree. Krombacher 10/15/18 05:44:26 PM
#16323   Only an absolute math moron would continue Auman 10/15/18 05:40:03 PM
#16322   sorry you failed math...info is easily avail for you troutlake 10/15/18 04:50:13 PM
#16321   If any of that was true there wouldn't ssc 10/15/18 03:54:02 PM
#16320   Some facts that might help: ssc 10/15/18 03:51:00 PM
#16318   So you're saying 7% and .07% are the Auman 10/15/18 10:45:09 AM
#16317   .07% is the decimal representation for 7% troutlake 10/15/18 10:21:08 AM
#16316   Just like 7 and .07 are not the Auman 10/15/18 10:17:23 AM