Addax Petroleum (fka AXC)

[sneak-attack]

Oldoil: We all know that ERHE signed an agreement with Starcrest to acquire a share of Starcrest Valuable Hydrocarbon block OML-40 as well as part of the two Nigerian deepwater blocks that Starcrest Controls.

It looks like ERHE wanted to exercise their 15% working interest in EEZ block 4 with a free carry from Kosmos and that may explain Kosmos desire to get the working interest in the block reduced 60% for the first phase and the Social Responsibility cost by 60% as well.

Could ERHE now be packaging the Two Nigerian deepwater blocks, Block 4 of the EEZ and the many blocks of the JDZ in which ERHE increased its block 2 percentage to 30% with block 2 scheduled to start Gas production later this year or early 2019. Let us not forget that Exxon wanted back in on JDZ block 2 last year and were snubbed by the JDZ Council and for Good Reason.

ERHE with Proven Hydrocarbon Reserves and Proven Cash Flow along with a World Class Hydrocarbon Portfolio could Achieve the Necessary Velocity to Lift ERHE from its current low Earth ordit to a High Flying Orbital Wonder and List on the soon to be Sold London Stock Exchange!!

Just my opinion so please conduct your own research in case I am wrong.

As far as the statement that "No one will risk working with SEO, Peter and ERHE" is just Flat Out Wrong! Orcale Energy and their subsidiary Wellpoint Energy teamed up with Peter and SEO in an effort to acquire Nigerian deepwater block 245 and lost out to another bidder who's offer fell through.

Orcale is operated by the former COO of Kosmos and two former Exxon Executives. They are hardly the "Shady Type" Some suggest ERHE works with.

Veteran Oil Company Executives Seek Out SEO for his Expertise when conducting Business in that Regoin of the World and Rightfully So!!

Sneak