Addax Petroleum (fka AXC)

[sneak-attack]

Kosmos claims that ERHE violated a Non-disclosure or Confidentiality Agreement.

Why would ERHE sign such an agreement when these types of agreement are intended for Orginization who are interested in partnering with others in a business venture.

Everybody knows that ERHE lacks the financial capital, experience and where with all to get into this type of venture and it has been long understood that ERHE wanted to sell off their Deepwater Assets.

Kosmos shot 3-D in block 4 when they shot block 5, so they controlled all the seismic data. If Kosmos feels that they are entitled to be compensated for their cost associated with the seismic, well that remains to be seen.

ERHE may have partnered with Starcrest to bundle the two Nigerian deepwater assets for sale with its Deepwater assets to the highest bidder. Those assets consist of interest in 11 blocks who's interest range from 100% to 15%.

It will be interesting to see how this All Shakes Out. With a Nigerian delegation sitting down with the Sao Tome delegation concerning the changes to the regulations that Govern the JDZ in September next month.

Something seems to be Cooking behind the seems.

Please conduct your own research in case I am Mistaken.

Sneak-attack