Addax Petroleum (fka AXC)

[midtieroil]

By the way, why would anyone say Chad may be dropped when, in the last 8K, it was clearly said it was dropped. That awful news was the only concrete fact announced. Everything else was fantasy about things that might occur some time in the distant future if all the parties owed money agree to release liens and other claims on those blocks.

You do know that most of those blocks that ERHC has are in the JDZ where 5 wells were drilled and all 5 were dry holes. Nobody has been interested in The JDZ in the six years following that fiasco. Can't say I blame them. Who wants blocks that have been shown to contain no oil?

At least in Block 1 of the JDZ they did find some oil. ERHC owns no interest in that. But,even in that block, the two wells turned out to be noncommercial. I guess that makes the JDZ 7 for 7 in dry holes. Nobody wants to pay anything for that type of failure. Can you blame them?