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Sounds Great - Night... we get that and then can assume Addax will double again going into and thru drilling and then look for a possible double again with a buyout of Addax from the Chinese or whomever.
so 8-10
Double 4-5 with Addax Drilling
and double again
2-2.5 with Addax Buyout later on
Every 2-2.5 ERHC Shares gets you an Addax Share
Addax Closed at AXC.TO $31.27 Canadian
or
Addax Closed at ADXTF.PK $26.15 US
-----------------------
Maybe our Pal BM has more details
.38 Print - LFCM at $0.55 = bye bye
very significant development
lets see if they stay away now
Normally I would agree 100% However MM-LFCM has left me wondering who in the world would be selling/shorting or want to sell at these levels ??
LFCM has been parked on the ASK for 3-4 weeks
a relatively new MM for ERHE, my guess has sold 500,000-1,000,000+
- But many of our past run-ups have been preceeded by controlled MM activity prior to the run, usually by NITE
Q: who benefits from keeping our pps low
Addax, Sinopec, Chrome >?>??
Addax Target Raised To C$30 From C$28 By CIBC >AXC.T
Last Update: 4/9/2009 6:51:47 AM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
April 09, 2009 06:51 ET (10:51 GMT)
Yup and Thanks Mark !!
the EEZ is several years away so lets keep it in perspective
JDZ Blocks 5,6 and 9 are far off as well and perhaps not as rich
so lets keep our eye on the BL 2,3,4 prize of Several Hundred Million Bbls + for ERHC for now
Locked and Loaded
Drillship en Route
Deal or NO Deal
I concur - IMO it's coming - get ready
pre drilling deal
the Ultimate GAP Will be Filled
Addax Petroleum Target Raised To C$33 From C$29 By BMO >AXC.T
Last Update: 4/6/2009 11:45:19 AM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
Chatter is certainly heating up !!!
"Depression is Over" - Says Cramer - "We have reached the land of 1000 Bull Dances" ...
http://www.eyeblast.tv/public/checker.aspx?v=ydSUuzkUQu
nice Oily ... was gett'n chilli in the $0.20s
MM - LFCM is a real F*cker
Nice - Today’s Ship Movements – AA
sailing today April 2, 2009
MSC Stella, San Alessio, Safmarine Oranje, Tai Harvest. Fairchem Charger, Boundary, Wappen Von Bremen, Woen Yu Chang 6, *** Aban Abraham ***
http://ports.co.za/shipmovements/capetown/article_2009_04_2_4249.html
less
RigZone says the AA is Drilling for Kosmos in W.Africa
http://www.rigzone.com/data/rig_detail.asp?rig_id=680
Where is the AA ??
Addax keen for Nigeria progress
IAIN ESAU, London of Upstream
Operator starting development work on two new offshore projects
Geneva-based Addax Petroleum is carrying out engineering work on two new developments, Kita Marine and Antan, on its shallow water OML 123 core asset off Nigeria.
Netco, a subsidiary of state-owned Nigerian National Petroleum Corporation, is currently carrying out pre-front end engineering and design work on Antan, and will soon handle the FEED, said chief operating officer Jim Pearce.
Speaking to analysts, Pearce said Antan will be exploited via a fixed platform kitted out with artificial lift equipment due to the field's heavy oil.
“We're looking at electric submersible pumps versus gas lift as the best way to go,”said the operations boss.
First oil is due to flow in 2011 at the earliest. Kita Marine, will be onstream in early 2011.
As Kita lies in shallower water than Antan and is a straightforward light oil discovery, it will be tapped via two simple wellhead platforms that can be installed via a jack-up rig.
A development plan, comprising 14 wells, will be submitted to the authorities by the end of June this year.
Antan's proven and probale reserves stand at about 15 million barrels, with Kita Marine's equivalent figure estimated to be about 43 million barrels.
One new project that will be on stream shortly in OML 123 is Adanga North Horst, a wellhead-platform scheme where production is due to peak at 15,000 to 20,000 bpd next year.
In deeper Nigerian waters in OML 137, Addax will drill a key appraisal well on its Ofrima discovery after June this year, the results of which will determine how it will be developed.
Options include a stand-alone floating production, storage and offloading vessel.
Onshore Nigeria, in OML 124, Addax has pinned down a preliminary development plan for its recent 40 million barrel Njaba discovery.
Assuming a successful appraisal well is drilled this year, the field will be tapped via 31 wells with output expected to hit 30,000 barrels per day.
Production would flow via a new 13-kilometre pipeline to Addax's Izombe field in the same block and from there would be sent via an exisitng piepline to a terminal at Eboche.
Oil could begin flowing in early 2011, if a nearby exploration well on the Ute prospect is successful and can easily be tied back to Njaba, said Pearce.
In the Nigeria-Sao Tome Joint Development Zone, Addax's exploration boss Jeff Schrull said Transocean's Deepwater Pathfinder drillship will drill the 350 million barrel Kina prospect in Block 4 in the fourth quarter.
Sinopec will then take the rig to drill a wildcat on Bomu in Block 2, a 270-million barrel structure.
“(As for) the third and fourth wells, we're keeping our options open,”said Schrull.
Sneak thx so how much Oil is in the EEZ
actually [mx157] I called a Friend who happens to be a Market Maker on OTC BB Stocks and asked if he could call LFCM and see how much they were offering
he said the same thing - you cant just do that anymore and they dont have to disclose
Agree once he is done we will run up - this activity on ERHE/ERHC has happened several times over the years where one MM seeme to sit on the ask and once they leave they pps runs up
RED I called and asked for trading - dont think it was them
LFCM Lighthouse Financial Group, L
Group - 11:38amWe can serve your needs for Home Equity loans, Commercial loans, Refinancing loans, and Construction loans.
www.lighthousefinancialgroup.com/ - 6k - Cached - Similar pages -
MPId_Id|name|mp_loc_code|location_department|phone ANSR |Anderson ...212-307-2690 STFG |Stanford Group Compamy ||TRADING DESK New .... Securities Inc. ||| LFCM |Lighthouse Financial Group, L ||| GNLR |Gunnallen Financial, ...
www.otcbb.com/dynamic/tradingdata/download/mmids.txt - 51k - Cached - Similar pages -
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Lighthouse Financial Group websiteFuture Home Of www.lfgfinancial.net.
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Enzyme Environmental Solutions, Inc (EESO): List of MM'sMar 25, 2009 ... LFCM |Lighthouse Financial Group, L ||| GNLR |Gunnallen Financial, Inc ||| CANT |Cantor, Fitzgerald & Co. ||TRADING|800-214-7307 ...
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Avantair, Inc. AAIR Level 2 quotesl = sold last n= next day o = opened p = prior reference price r = seller s = split trade ... Lighthouse Financial Group, Llc. LFCM ...
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MSRBNumber CompanyName EBSID A6046 Aaron Capital, Inc. AACI A6783 ...AJCO A3906 Alliance Financial Group, Inc. AKGS A3993 Akin Bay Company AKIN ..... FAIR A5616 Steven L Falk & Associates FALK A3255 First American Municipals, ..... LLC LFCM A6712 LFC Securities, LLC LFCS A6003 Lighthouse Financial Group, ...
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get me an address/ph number and I will stop in find out what's what
LFCM just stuck on the ASK - when he leaves we should get back to $0.35 pretty quick
Fishdog ??? ".15 to .20 sp move - probably next week"
sounds good -
Addax Target Raised To C$35 From C$30 By TD Bank
Addax Target Raised To C$28 From C$26 By CIBC Bank
Addax Target Raised To C$27 From C$25.50 By Scotia Bank
Done and Done - Agree
Great News thanks for Sharing
Slot 1 - BL 4
Slot 2 - BL 2
Slot 3 - BL 4?
Slot 4 - OPL 291 [best guess]
if Addax really wants ERHC - and i feel they do
dont they run the risk if HUGE oil is found - and i feel they will find huge oil
the price for ERHC will go up exponentially
therefore the smart move would be to get a deal done, now -
pre drilling
as Oily suggests
the Hanging Walls await -
Sadly with Offor's Sale of OPL 291 the STARCREST DEAL
Starcrest Nigeria Energy Limited
much scrutinized ... now settled
3D being conducted //// and the DP may now likely to drill 1 well in that zone with our rig
has 800 000 000 Millions more oil for Addax
WE GET ZIP
Should have been ERHCs
sux
Addax is Lovin SEO - thats for sure - he singlehandedly may double ADDAX's Reserves
Jeff Schrull mentioned "ERHC" by name as their Carried Partner
Appears they are warming up to us ...
a] mentioned Carried Partner in Slide Presentation
b] mention us by Name in Live Presentation
Kinda like we are family
**10AM EST Today ADDAX Live JDZ Presentation - Toronto
Jeff Schrull should begin after 11am
See and Listen to the Live Slide Show
http://w.on24.com/r.htm?e=133555&s=1&k=7C5D55890BAC734E90A78C395BCFC0FA
or previously posted slides ....
http://www.addaxpetroleum.com/_media/Capital_Markets_Day_Presentation_March_2009.pdf
------
To listen to the Toronto conference call today 10am EST,
please call one of the following:
Toronto and International: 1 (416) 644-3414
Toll-free (Canada and the U.S) +1 (800) 733-7571
Toll-free (U.K.): 00 (800) 2288-3501
A replay of the Toronto conference call will be available at +1 (416) 640-1917 or (877) 289-8525,
passcode 21296237# until Saturday April 25, 2009
--------
A replay of the London conference call will be available at +1 (416) 640-1917 or +1 (877) 289-8525, passcode 21300638# until Thursday, April 23, 2009
new Graph for JDZ BL 2 !!!
NEW ADDAX PRESENTATION posted.....
http://www.addaxpetroleum.com/_media/Capital_Markets_Day_Presentation_March_2009.pdf
its a Big one - so give it time
100 Slides
JDZ Starts on Slide 71
Lots of NEW Cool Stuff
on Slide #75 "Partner Carry" - Hey that's ERHC !!!!!
**** INTERESTING
JDZ BL 4 Prospect "Malanza" lists 148 MM Bbls
and Crosses into BL 1
Didn't we hear BL 1 / BL 2 Straddle !!!!!!!!
Perfect Try... Nice follow up
"Hanging Wall" got it
http://www.petroleumseismology.com/images/725/
Yup - its Starting ...
http://www.thestar.com/business/article/606643
I think more 3D analysis is required on OPL291
**ADDAX** Update - "3 JDZ Wells 2009"
Jeff Schrull - Head of Addax Exploration General Manager
"Key Events - Deepwater Pathfinder Contracted -
Sept. 2009 will recieve Rig"
"Fantastic Drill Ship - Best in the World
it Cost a bit more $600k but the DP is Special - it has 2 Derricks so Addax can conduct simultaneous operations and will cost less overall."
"JDZ New Traps found"
"Hanging Wells" - wells that keep "going and going" ...
Kina "Stacked Pace" JDZ BL 4
350 MM BBls in BL 4 [Kina] for Addax alone
800 MM Bbls in JDZ for Addax alone
1 - 1.5 B Bbls in Addax Deepwater overall Portfolio
BL 4 Kina Drilled First
BL 2 Principe Drilled Second
BL 4 Drilled Third again
???? Drilled 4th - yet to be determined
Huge push for Exploration for Addax 2009
Addax --- on live now
Latest DETAILED JDZ updates tomorrow early 5:30AM EST
A live webcast of the London presentation will be available via the following link:
http://w.on24.com/r.htm?e=137992&s=1&k=3DAFF41278BAFFC2D19F4B5A419791E4
............
Addax Petroleum announces London and Toronto Capital Markets Days
CALGARY, March 17 Addax Petroleum will host a management presentation to financial analysts and investors on Monday, March 23, 2009 in London, U.K. and on Tuesday, March 24, 2009 in Toronto, Canada.
The Corporation's senior management team, including Mr. Jean Claude Gandur, President and Chief Executive Officer, Mr. James Pearce, Chief Operating Officer, Mr. Michael Ebsary, Chief Financial Officer, Mr. Jeff Schrull, General Manager Exploration, and Mr. Henry Legarre, Technical Manager Middle East will discuss the Corporation's most recent operating results and expectations regarding future operations.
Conference call / webcast details
London
Date: Monday, March 23, 2009
Time: 10:30 a.m. London, U.K. time / 5:30 a.m. EST
To listen to the conference calls, please call one of the following:
Toronto and International: +1 416 644 3414
Toll-free (Canada and the U.S): +1 800 733 7571
Toll-free (U.K.): 00 800 2288 3501
Toll-free (Switzerland): 00 800 2288 3501
A replay of the London conference call will be available at +1 (416) 640-1917 or +1 (877) 289-8525, passcode 21300638 followed by the number sign until Thursday, April 23, 2009.
*HELP* I suck at math
What are we worth after drilling ????????
after Taxes / Costs / Profit Oil ...
Anyone ?
or the Ave. Net Profit/Barrel for Light Sweet Crude
JDZ BL 2,3,4 Unrisked + Risked *Best Est.
309,362,000 MM Bbls
JDZ BL 2,3,4 Unrisked + Risked *High Est.
669,497,000 MM Bbls
please include the $30,000,000 in Cash
730 MM S/O
much obliged / Ruby