Addax Petroleum (fka AXC)

[sneak-attack]

Nordi: The #1 question in my mind is how does SEO and Friends turn the very valuable hydrocarbon property rights into Cash without the Intervention of the U.S. Government as in the past (Foreign Takeover of a U.S. Registered Company's Hydrocarbon assets).

There are two ways of looking at any options.

1) Starcrest exchanges a percentage of OML 40 oil revenues in exchange for maybe 45% of ERHE's Hydrocarbon assets whereby ERHE gets enough funding to pay its own way forward.

2) If ERHE has a proven revenue stream tied to proved reserves, it no longer has the on going concern issue weighing in so heavily as to deter any Western Companies interested in investing or buying out ERHE for the balance of the Hydrocarbon assets.

In option #1. If SNP were to buy Starcrest, then SEO and Freinds would not have to fear the U.S. Government's intervention since SNP would only control 45% of ERHE'S hydrocarbon rights. Option # 2 then could come into play.

Just food for Thought.

I could be Wrong!

Sneak