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RUBY1100

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RUBY1100

Re: RUBY1100 post# 98388

Monday, 05/28/2007 2:28:53 PM

Monday, May 28, 2007 2:28:53 PM

Post# of 363087
from the Addax site they feel ...
http://www.addaxpetroleum.com/press_room/56


* a 79% chance of striking oil in the JDZ
Most Confident Area in Addax portfolio for a find

18 Prospects reviewed
* 2nd most studied area in Addax portfolio

286 MM bbls w/ 79% chance of success
* 2nd most potential for large reserves

conservative estimates IMO

of Note Starcrests OPL291 is first in reserves but only a 36% chance of a find



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