Addax Petroleum (fka AXC)

[manuel06]

Krom
I agree with most of your assessment.I do question the amount Block 4 might be worth as Block 11 EEz was only sold (valued?) at 4 million why I don't know.
IMO there is a disconnect between the Kosmos court case of 500 million against ERHC's supposed renegation of Kosmos's claim on Block 4 negotiations. This dollar amount of retaliation seems an intimidating
assault against ERHC to back them down from their quest to accept other offers on the block. Having said that I have no idea what Block 4 might be worth. But when there is competition for the Block it might certainly be worth more than 4 million. I am hoping for a far better result than 4 million from Total as it appears they might have the upper hand on gaining Block 4.....OR a great buy out with a % of block 4 retained by ERHC.

cheers Krombacher
Baz