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WD,
I understand your point. However, the people we need to buy this stock are not the ones reading any of this. We need to go to the next level, and that doesn't involve retail investors at this time.
-ach
wd,
Who said anyone here believes Oily? He is strictly FYE. And wouldn't it be even more entertaining if the things he predict turn out to be true? Don't hold your breath, but really, when it is all said and done, who cares what he says. He provides some life here while we twiddle our thumbs. Would you rather see 50 posts about speculative buy-outs or virtually nothing posted?
-ach
amj,
He hasn't responded to any public or private messages in 4 days. He could just be on vacation. Or maybe he's in Abuja????
-ach
Magic,
I think that is the whole point. There would be nothing to talk about. We've discussed everything ad nauseum. At least Oily gives everyone something to yell about while we wait and wait and wait.
Of course, we could just talk about general life issues instead of Oily speculation. Is that what everyone wants? How have you been Magic? I'm doing pretty good myself. How's the weather in your neck of the country?
-ach
Certainly not RB, and IV has been dead since Meridian vanished a few days ago.
-ach
Good morning Mr. xxxxxx,
Thank you for your e-mail. I have checked with our operational personnel and while I can tell you that we do have regular conversations with the operators of the other JDZ blocks, there is nothing new from those conversations to update you on. Should there be any material developments regarding the JDZ, we will notify investors via a press release. Please feel free to check back on our website or directly with me.
Regards,
Craig
Craig E. Kelly, C.A.
Finance Manager - Corporate Mergers & Acquisitions
Addax Petroleum Corporation
wk: +1 403 668 4588
m: +41 79 654 4512
14/09/2006 11:27
To Craig.Kelly@addaxpetroleum.com
cc
Subject JDZ Activities
Mr. Kelly,
I was wondering if you could provide an update on the
current status of JDZ talks between the 4 block
operators. It is my understanding that oil found by
Chevron straddles block lines and unitization talks
are currently in progress.
A response would be much appreciated,
xxxxxx
AA,
Are we still on track? Rosh Hashanah starts at sundown.
tia,
-ach
Sarcasm is the body's natural defense against stupidity.
Now I don't think we deserve a dose of sarcasm based on the vagueness of these posts. Do you, Oily?
Everyone wants you to be right. Why won't you let us believe you?
-ach
Please explain!!!! What/Who is going to buy at 0.37. Everyone's speculation as to what this means is creating a very hostile atmosphere here in our pleasant little world.
-ach
Oily,
Level II only shows DOMS & BEST 5,000. So I guess no, I don't see any big trades at 0.37.
-ach
significance of 6:12 please. And what does 0.37 EOD stand for? Oily, the natives are getting restless.
-ach
Homeport,
If I had shade and banana trees I wouldn't even being posting here with our online version of "Clue". I think the sun has spoiled you a bit. You need a good midwest winter. LOL
-ach
And what if ERHE closes at 0.37 today? It's well on its way. Does that vindicate Mr. Phant or basically reveal that he works for a MM?
-ach
Dane,
I already read the thread. All signs point to a mistake covered up (like I indicated in my post). However, I would love to be proven wrong and that the clue was intentional and it was just a coincidence that there were some price predictions in a few of the posts that preceded Oily's.
Also, I would love to see ERHC generate some volume because of real developments. Also, I would love to pay off my house because of those developments.
-ach
I'm still wondering about the Oilphant posts. I might've bought that it was a clue if all of the posts were one right after another. But the first one was at around 6:00 with the rest at 10:00. That really seems to me that Oily spent 4 hours trying to figure out how to cover up a mistake. Then it pops into Oily's head, hey I know! The company that I posted on by mistake starts with a "S". I'll make it look like a code for SNP.
I hope I am wrong. But like I said before Oily - The Pathfinder will be your vindication or your final demise. And if you come back and tell us that SEO drives a Nissan Pathfinder nobody will eat crow pie. So when will part #4 be announced Oily? The tribe is getting restless. I smell a mutiny!
-ach
Umbra,
Regarding your last post:
#71993
-ach
Oily,
If deals were done weeks ago, as you have said, please explain what has happened with CVX. What did the initial deal entail? and why does it have to change to regain acces to 2 & 4?
-ach
Mark,
Any info from your source on the JDZ meetings this weekend?
-ach
Oily,
Does this mean Obo-1 results will not be released as of yet? Or is CVX upset that the JDZ will PR results against their wishes?
Or does this have to do with the deals that you said were already done?
-ach
DB,
I know what he said. If the earliest drilling could start is March, how can the JDZ be active in January and February?
-ach
Oily,
you previously made this statement:
"Pathfinder is next. Events are moving faster than they seem.
jan-mar jdz will be active".
Now you've indicated March will be the beginning of drilling. Why the change?
-ach
Oily,
Will the deals be announced prior to the March '07 drilling?
-ach
Oily,
I thought the big news was our word of the day - commercial discovery. Are we just going through speech therapy here or is their an actual REASON why this is the word of the day!!!!!!!!!!:)
-ach
And what time would dotted line time be??????????????????
-ach
Fish,
His work number and cell phone number were included. But I don't know what I would really get from calling the guy besides a no comment and stop calling me. I've sent him another message, so we'll see if he replies.
-ach
I guess its pretty expensive to operate an oil company with real overhead. Wonder what Addax would be worth if they just collected money from production with virtually no employees and no operation expenses?
-ach
Interesting speculation. I wasn't going to present this but since the idea was brought up I thought the following was curious.
I sent an e-mail to Addax investor relations questioning them about the info Tuneman presented a few weeks ago. No big deal. However, the e-mail that I got back has the name Marie-Gabrielle Cajoly. Fine again. My response said the following:
"Dear Mr. xxx,
Thank you for your email and your interest in Addax Petroleum. We do not presently have any new information that we are able to share with you regarding Addax Petroleum's involvement with the JDZ. We would anticipate press releasing any new information, so please check back on our website and the news wires in the coming months."
Once again, this is how I expected Addax to respond. Here is the odd part. While the e-mail was sent from Marie Gabrielle Cajoly's e-mail (I assume she is an investor relations person) here is the person that actually wrote the message for my question:
Craig E. Kelly, C.A.
Finance Manager - Corporate Mergers & Acquisitions
Addax Petroleum Corporation
Why would investor relations have someone come from mergers and Acquisitions to answer an investor question on their e-mail?????????
-ach
Oily,
When, When, When! I will stick with your Part#4 here. Did we have to part with a peice of the pie for the Pathfinder or the Dolphin?
-ach
Oily,
When will the olive branch that ERHC has supposedly put forth be announced. Part#4 is what we want news on!
-ach
Oily,
We now know what your 5 parts for success are. However, we've only seen 3 completed.
When will we hear about part 4? The news of a contracted rig will either be your vindication or your demise.
-ach
My that Pathfinder looks mighty nice :)
-ach
Angry,
I hope your source is not your future wife!
Wait a minute, are you getting married to Umbra?
-ach
AA,
What has changed that makes you think that Chevron will make an announcement in less than a "fortnight"?
-ach
The end of this article notes that the Bonga field was a 1.2 bbl discovery.
http://www.gasandoil.com/goc/news/nta51269.htm
-ach
TEXACO'S AGBAMI APPRAISAL WELL CONFIRMS MAJOR DISCOVERY WITH POTENTIAL IN EXCESS OF ONE BILLION OIL EQUIVALENT BARRELS
Discovery Among Largest Single Finds in Deepwater West Africa
FOR IMMEDIATE RELEASE: THURSDAY, JANUARY 6, 2000.
WHITE PLAINS, N.Y., Jan. 6 - Texaco announced today the completion of testing on the Agbami-2 appraisal well, which confirmed that the Agbami structure is a giant discovery with potential recoverable reserves in excess of one billion oil equivalent barrels. The well test surpassed expectations and, together with other technical data, suggests that the Agbami discovery likely ranks among the largest single finds to date in deepwater West Africa. The structure spans an area of 45,000 acres and extends from Block 216 into Block 217, offshore Nigeria. Texaco's share of the production from this resource is expected to exceed 50 percent.
The Agbami-2 appraisal well, located in Block 216 approximately 220 miles southeast of Lagos, was drilled in 4,800 feet of water to a total depth of 15,683 feet. The well encountered 534 feet of pay in five separate oil-bearing zones, one of which flowed at a maximum rate of 10,000 barrels of oil per day with a well-head pressure of 2,200 psi (pounds per square inch). Surface equipment limitations prevented the achievement of a higher flow rate. Oil from the reservoir is light, sweet crude (45 degree API gravity) with no contaminants.
The Agbami-2 well delineated the discovery announced in January 1999. The initial well, Agbami-1, encountered 420 feet of oil pay in multiple zones. Complete appraisal of the field will require further delineation drilling and technical studies.
Commenting on the announcement John J. O'Connor, Senior Vice President of Texaco Inc. and President of Worldwide Exploration and Production said, "The successful conclusion of the well test sets the stage for development of a world-class project that will add substantially to the company's resource base and will significantly increase Texaco's future production. Additionally, it will further enhance Nigeria's position as an important oil producing nation."
Texaco has interests in a total of five contiguous deepwater blocks offshore Nigeria, all of which have significant undrilled potential. In Block 216 the interest owners are Famfa Oil, an independent Nigerian oil company - operator, Texaco's wholly owned affiliate Star Deep Water Petroleum Limited - technical advisor, and Braspetro-Petrobras Internacional S.A. In Block 217 the interest owners are Statoil - operator and Texaco Nigeria Outer Shelf Ltd. Texaco also has interests in Blocks 213, 215 and 218.
With the completion of Agbami-2, the drill ship Glomar Explorer will move 13 miles west to test another very large exploration prospect also located in Block 216. This well, Ikija-1X, is expected to spud this month.
Umbra,
I do believe Balance owes you a pint.eom
-ach
In response to the question of whether the new update will contain information not already known.
(Note that Dan has figured out my alias - wink, wink)
-ach
> XXXXX (ACH):
>
> I can't know all that is known, so I can't say one
> way or the other. And
> your buddies on the board are right, I should have
> indicated that the letter
> will have updates from the INTERIM CEO.
>
> Dan Keeney, APR
> DPK Public Relations
Here you go,
Something real to look forward to.
-ach
xxxxx:
A shareholder letter is in development with updates from the CEO.
Dan Keeney, APR
DPK Public Relations
Here is my most recent response from Anadarko regarding the use of the Belford Dolphin starting in January. Still vague, but promising.
"Going into W Africa is definitely one of the options. JMC"
-ach
MERIDIAN comment on Shell involvement:
"I have not heard anything about Shell or pathfinder.
However, from what I have heard Shell was interested in being back-up for Sinopec in JDZ Block 2.
The easiest route for a dominant position in the JDZ is? the acquisition of ADDAX. Piece of cake for any of the majors.
Addax's godfathers probably need serious funding to secure their position with the next president. So they could consider selling their stake in Addax."
-ach