Addax Petroleum (fka AXC)

[midtieroil]

Management is completely clueless about the value of the assets. And the dry hole in Kenya has not helped. I still believe that if CEPSA goes forward in Kenya they will jettison the excess baggage called ERHC due to lack of payment of the amount they owe. Some act like the Kenya block is ERHC'S god given right forever no matter what they do and whether they pay their obligations or not. I think we will find out very soon that is not the case. IMO ERHC can kiss Kenya goodbye.