Addax Petroleum (fka AXC)

[midtieroil]

Sorry but the Elcrest partnership is knee-deep in debt and is not currently making distributions to either of its partners, Starctest or Eland. This is pretty easy to look up verify. I suggest you do so.

And what exactly is ERHC going to give up in order to get into the Elcrest partnership? All of their assets are encumbered by $13 million in debt and liens and all of that must be paid off before ERHC shareholders get anything.

Feel free to keep speculating on what ERHC might get in a deal. Perhaps some day there will be a scenario that makes econmic sense and has some chance of happening. So far I have seen absolutely nothing that meets that criteria. It is really bad when wishful thinking gets trumped by reality.