Addax Petroleum (fka AXC)

[Julius Erving]

Let's ponder and elaborate a bit, because it's weekend...

First of all. A rumour like this is likely true, or at least based on something, in most cases.

That being said, if I'm correct this site has been wrong before, according to some here? Links please.

But my question for now is mostly: if a rumour like this or even exactly the opposite, surfaces, it is normally followed up by other media if I'm correct. True?

Still nothing, as in 'nothing'.

https://www.google.nl/search?hl=en&tbm=nws&q=oil+in+kenya&oq=oil+in+kenya&gs_l=news-cc.3..43j43i400.50657.54461.0.55048.12.4.0.8.1.0.125.362.3j1.4.0...0.0...1ac.1.YZOYNHcBO5w&gws_rd=cr&ei=60RlV_P_AauV6ASYzp_IAQ#hl=en&tbm=nws&q=block+11a+kenya+cepsa+no+oil

I'm hopeful that this reluctance by other media of publishing this story, has to do with their personal judgement on whether or not this news is true/believable.

I mean, not in the oilbusiness, but elsewhere serious rumours are also published by other media. Rigth?

Also, with this rumour out, don't you think that other media start to do their own 'investigation' regarding this story, and then soon will find some sort of confirmation and publish it?

The longer it takes the more 'sources' come available to confirm such a rumour, imo.

We are three days later now.

Also:

Egole-1 had earlier been planned to follow shortly thereafter although as Oilnews Kenya previously learnt a success at Tarach-1 would lead to a second well.

As far as I know CEPSA stated later that no drilling would follow any time soon, even if oil was found in 11A.

Despite the possibility that this was said by CEPSA, to keep a possible take over price of ERHC somewhat affordable if oil is/was found, oilnewskenya is incorrect here.

And also: like Troy noticed earlier:

The news if true casts a dark shadow on upstream activity in Kenya

I'm sure that rumours being brought by media, are far from always accompanied by the disclaimer "if true".

We can agree that this radiates the message that even oilnews Kenya is not totally sure, despite the fact that they mention that it is from a 'reliable source'.

Maybe normally they would need more than one source, before publishing such a rumour... but they failed to get that confirmation by another source...

And up untill now they still haven't been able to get that second source, otherwhise they would have put out an update or follow up story on this, I'm sure.

But like I said, normally, if one sheep crosses the water, others normally follow... (a Dutch saying, lol).

The Doc.