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Re: RUBY1100 post# 92341

Tuesday, 03/06/2007 7:34:39 PM

Tuesday, March 06, 2007 7:34:39 PM

Post# of 362079
Excellent news this morning Ruby. My IHub finally became error free this evening. I'm confident that Addax will evolve to be as expert with deep ocean drilling as they are with their off shore projects.

It's very good that they are committed to 3 wells in Bl 4, 1 on Bl2 and 1 for OPL 291. With an option for an additional 5 drills.

...not only for exploration. IMHO Addax is counting on hits leading to production.

I wonder if we'll see an operatorship in Bl 2 between Sinopec and Addax or a combination with ONGC?

Apparently, the rumors about the buy in are not going away at all. Hope to read an exciting announcement one day.

GLTA