Addax Petroleum (fka AXC)

[Strategyone]

The spud date was 4/14 according to ERHE's PR. We are now at 6/8 and today was the first day someone is noticing the Rig is "available" (although this does not necessarily mean CEPSA is done). Since this is nearly 60 days after the spud date, some of the oil professionals on this board were speculating this well was NOT likely a plug and abandon because that usually happens in a shorter period of time. Not the full estimated amount of time.

I am not an oil professional so don't quote me... I am just trying to connect the factual dots as they unfold.