Addax Petroleum (fka AXC)

[sneak-attack]

Some can only talk about "Gloom and Doom" when it comes to ERHE as they have nothing constructive to add to ANY EVENT THAT HOLDS PROMISE FOR ERHE AND IT'S SHAREHOLDERS!

Now let review the Facts as they seem!

Ask your self how Kosmos got permission to shoot 3 D in block 4.

If Kosmos gave ERHE $124K based on the 2-D data that was available and would only increase the price if 3-D revealed different results.

ERHE allowed Kosoms to shoot 3-D and since the 3-D showed large sandstone hydrocarbon targets, but the data revealed premature or underdeveloped targets suggesting small amounts of recoverable hydrocarbons and Kosmos refused to increase their offer.

ERHE may have discussed Kosmos block 4 findings as revealed to them by Kosmos to another suitor(s), not that this information would change the outcome of block 4's development as ERHE is not skilled in reading 3-D seismic data.

Why in the World would Kosmos file multiple lawsuits if in fact the block was void of commercial hydrocarbons? It does not make any sense at all.

How could ERHE revealing 3-D data to another suitor(s) warrant such a hefty economic damage claim when the 3-D data shoot cost a merger $2 million. There is no propriety data that would be earth shattering. Please do not forget. It was this same 3-D data that lead to HDYN and Kosoms to drill 3 dry wells in other block last year.

So it would like like Kosmos is Flat Out Fibbing about what hydrocarbons exist in block 4 and some hydrocarbon target may cross into block 4 and hence the lawsuits.

Please conduct your own research in case I am Mistaken as we all know ERHE detractors are Mistaken.

Sneak-attack