Addax Petroleum (fka AXC)

[sneak-attack]

The Teflon Don continues to operate ERHE without any wrong doing as per the SEC.

With all the uncertainties that surround ERHE as she is a drift in a mine field unpaid bills, legal trouble from the U.S. Government and the SEC is not one of them.

All the unpaid bills are of a civil matter at best. Peter has done a Great job stirring the ERHE Corporate ship in troubled waters and very bad economic times for oil prices.

A word like dry holes is ambitious at best. It has a negative connotation to it. Example,
Dry hole: one meaning, empty or void of hydrocarbons.
Dry hole: second meaning, hydrocarbon present, but not in commercial quanities or lacking in commercial quanities, short of desired results.

The term Commercial Quanities will vary from company to company depending on the price of oil, the cost to get the oil to market and the duration or life expectancy of the well.

For ERHE and her partners, this goal has been elusive at best.

Going forward with Starcrest and may be Eland Oil things may start to look better in the month ahead.

Long and Strong! Go Peter

Sneak