Addax Petroleum (fka AXC)

[sneak-attack]

The World is on course to consume about 33 billion barrels a year in Hydrocarbons, but the Hydrocarbon Industry has been discovering only 20 billion barrels of Hydrocarbons a year.

It will not be long before supply levels fall below replenishment levels world wide. Oil maybe selling above $105.00 a barrel by 2020 and could spike to $145.00 a barrel.

Deepwater Assets with new technology can generally take 3.5 to 5 years to drill and bring on line and can cost up to $5 Billion in Capital to do so.

As these Deepwater Assets become more valuable by the day as the World Approaches A Serious Replenishment Issue, ERHE could be sitting in the "Cat Bird Seat".

Marginal Nigerian Hydrocarbon Properties are looking better by the day and working with Starcrest and Eland Oil, ERHE'S future could looks better by the day as well.

Please conduct your own research in case I am Mistaken.

Sneak-attack