Addax Petroleum (fka AXC)

[Gremlin9999]

I asked DK the following question:

According to the explorer’s president and CEO Peter Ntephe the drilling will be contingent upon several conditions precedent with the partners pursuing the plans with the requisite zeal.

His response:

Nothing unusual. There will be the typical government review and approval of drilling location, etc. It is just language intended to communicate that there are remaining obstacles to clear before drilling commences. Every company uses caveats such as this to manage expectations and make it clear that forward guidance such as 12-16 months is subject to change.