Addax Petroleum (fka AXC)

[midtieroil]

Tarach was a dry hole and OilNewsKenya was the first to accurately report it, months before ERHC finally admitted it in their 10Q. The fake news was that oil shows somehow changed Tarach from being a dry hole. That is false. Fake News was also that Tarach was an exploration well that never was intended to find oil. More Fake News. Quote from ERHCs own filing.

Operator analysis of the results of the Tarach-1 well shows that it did not encounter any reservoirs. The operator has therefore classified Tarach-1 a dry well. The well has accordingly been plugged and abandoned.