Addax Petroleum (fka AXC)

[farrell90]

I agree the rumor is disconcerting, but we have received no official confirmation from Cepsa or ERHC.

It is important to keep it in perspective. Even if it is true the drilling is postponed it could be for many reasons, even a scheduling conflict. The second well at Egole was to be considered, but never promised or definitively scheduled; "may follow" was the exact quote.

A source from Oil News Kenya does not have the same credibility as the Wall Street Journal.

From your post

"Oil News Kenya has further learnt from a source that the planned second exploratory well , the Egole-1 a four-way rollover closure onto a Northwest – Southeast trending fault plain with mean prospective resources of 101 million barrels of oil has been postponed indefinitely. Egole-1 had earlier been planned to follow shortly thereafter."

GLTA Farrell