Addax Petroleum (fka AXC)

[Julius Erving]

Troy,

Middy, I agree with you. Ntephe's refusal to show even the slightest leadership ability is a continuous drag. He is incompetent in the CEO position. In this case he may be unintentionally providing a hint. By not comforting shareholders by telling them the plan if drilling fails to produce oil he may be telling us that this is the end. ERHC Energy will be sold regardless of the results.

Find oil? High price.

Don't find oil? Throw a dart.

Do you think that they can't survive beyond a dry Kenya hole?

What did they get for the EEZ?

Other posters disagreed with you. And do you think Peter and Sylvan placed their money on ONE bet only on oil...?

The EEZ...KABOOM!!!! Lots of activity in the EEZ. Only 3 years to commence drilling according to PSC/various contracts...that means planning must pretty much start now...and with the Big Jane rumor in the background...something is happening there. No telling how much cash we garner. In the JDZ we got 40+ million bucks. EEZ blocks are way bigger than the JDZ...lots more money involved...and therefore, lots more money to be paid to ERHC. ERHC must be looking so pretty that Ntephe can kick back and write a few Nigerian political articles...in fact, if Ntephe is not part of management in NGAR...that might explain...maybe he really is leaving.