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Stay the Course

Re: Art2004 post# 50352

Tuesday, 05/09/2006 10:26:10 AM

Tuesday, May 09, 2006 10:26:10 AM

Post# of 361984
Art: That FPSO is not going to Block 4 and I asked Addax at the OTC last week about plans for a rig to drill in Block 4 and nothing is in place as far as I could see, i.e. drilling in Block 4 in this market for ultra deep water drilling rigs may take a while.

Nevertheless Addax has increased their equity production to 94,000 bopd a fortnight ago, good sign for them, I bought a little more AXC.

But patience is a prerequisite for ERHE longs . . . what's new


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