Addax Petroleum (fka AXC)

[sneak-attack]

Oranto has the Operatorship of JDZ block 2 with 65%, ERHE has 30% and Foby Engineering 5%.

Exxon wanted the JDZ Council to allow them to get 25% of block 2 If they could be the Operator of the block. To do this Oranto would have their share reduced to 40% so Exxon could have 25%.

While some at the JDZ were delighted to see Exxon's involvement, it was not to be.

Since Exxon's could not get the Operatorship, they rescinded their request to Save Face!!

As one can see, those in charge of the JDZ sided with the local content company in Oranto.

Political Power in that region of the world still has the last Word!!

Just more Facts

Sneak