Addax Petroleum (fka AXC)

[sneak-attack]

EZ, Total Fina got EEZ block 1 a few month ago. Thanks for posting as we can see Total get 55% of EEZ block 1, Sonangol gets 30% of EEZ block 1 and Sao Tome get the balance of 15% free carry in EEZ block 1.

Total Fina seems to have run the board on Kosmos's request to secure the Lion's share of Deepwater Hydrocarbon Assets in the Region in and around the Islands of Sao Tome & Principe as well as the JDZ.

Total Fina could have just encapsulated the ever Elusive "RIVER OF OIL" IN the Region.

One thing that seem sure is the Farm-in partner for Total Fina and that is Sonangol.

It will be interesting to see how much ERHE got for EEZ block 4. Peter talked about selling off the entire Deepwater Portfolio of Hydrocarbon Assets, which may also include the (2) Nigerian Deepwater Assets as well.

Could $100 million be the Right Price?

How much Oil and Natural Gas exist in the 80 marginal properties that the Nigerian Government wants to sell off for $100 Million?

Hmmmm. Just Some Food for Thought.

Back to your original thought of Total Fina getting back into JDZ block 1 with 150 million barrels of proven Hydrocarbons and maybe ERG getting a piece of that discovery is very interesting indeed!

Please conduct your own research in case I am Mistaken.

Sneak-attack