Addax Petroleum (fka AXC)

[midtieroil]

As I have said before,
I believe ERHC has far too much baggage to even be considered as an acquisition by any publicly traded company.

And when you start valuing ERHC based on blocks that have produced nothing but 6 dry holes everyone may want to consider the reduction of the value caused by those 6 dry holes. And that the operater in each instance has left after spending millions and after evaluating the worth of the blocks after the dry holes.

They may also want to consider why no other company has partnered with ERHC in the JDZ in the 7 years since the last drilling there. And now it has been over 2 years since the dry hole in Kenya and no new partner there either.

The share price speaks volumes about the true value of ERHC. And so does the lack of interest in ERHC's blocks.