Addax Petroleum (fka AXC)

[Julius Erving]

A new oil discovery in Kenya is “very encouraging indeed” for its export ambitions

http://qz.com/640595/a-new-oil-discovery-in-kenya-is-very-encouraging-indeed-for-its-export-ambitions/

“This is the most significant well result to date in Kenya outside the South Lokichar basin,”Angus McCoss, Tullow’s exploration director, said in a statement. “Encountering strong oil shows across such a large interval is very encouraging indeed.” Last year, the company drilled similar “wildcat” wells (unexplored sites with no history of oil production) in northern Kenya and came up empty handed.

Empty handed in Northern Kenya? Oh, sjit.