Addax Petroleum (fka AXC)

[sneak-attack]

Since the Sao Tome Government get a 15% Carry in any of their EEZ Blocks, Kosmos gets 30% of any block they takeover and their operating partner gets 55%.

So even though Kosmos has lost its ability to buy EEZ block 4 from ERHE, Kosmos maybe able to purchase all of ERHE'S Deepwater rights and gain a 15% of EEZ block 4 prior to the official signing of EEZ block 4.

If Kosmos could recover 50% of their standard 30% interest in EEZ block 4, they could lesson their financial lost in the block.

Maybe Total Fina beats Kosmos to the punch and Total has already entered into contract with ERHE to acquire all of ERHE'S Deepwater Assets, including the (2) Nigerian Deepwater Assets that are tied-up in the MOU with Starcrest.

Please conduct your own research in case I am Mistaken.

Sneak-attack