Addax Petroleum (fka AXC)

[seek the light]

oldoil....Huh!!!....The only real fact we know is that the market cap is $600,000 or less. So the assets that were in the past valued at $600 million are now on sale for 1/10 of a percent of their high value when the 5 wells in the JDZ were first being drilled.

Many including me expected the company to run out of money and disappear about a year ago, but they downsized a bit and continued to keep the lights on and the help paid. How they came up with the money to do that i do not know. Maybe SEO stepped up to keep the company alive.

If they can win the battle with Kosmos [Total should help them] and get a deal done with SEO's Starcrest, then they should continue to survive and even thrive.

So buy your lottery tickets[shares]. I believe their odds of survival is much more attractive than the real lottery tickets odds. So i hang on and wait. It does not cost me much to do that. ALL JMO!!