Addax Petroleum (fka AXC)

[sneak-attack]

Reports claim that EEZ block 4 contain Four very large Graben Geological Structures.

These Geological Structures typically contain very large amounts of Hydrocarbons.

These Geological Structures are bound by the volcanic island to the west and the Kirbi Fault line to the East that runs thru block 4.

Kosmos has claimed that Block 4 is worth $500 million in their Lawsuit.

ERHE would like to sell off its entire Deepwater Portfolio which include All of the JDZ and EEZ rights along with (2) Deepwater blocks in Nigerian waters thanks to the Starcrest MOU.

Could a bidding War breakout between Total Fina and it's Partner Sonangol and Kosmos and it's Partner BP?

Please conduct your own research incase I am Mistaken.

Sneak-attack