It looks like it to me. Check out their current financial statement: <A HREF="http://www.addaxpetroleum.com/_media/Q2_Financial%20Statements_2007.pdf" target="_blank">http://www.addaxpetroleum.com/_media/Q2_Financial%20Statements_2007.pdf</A> I would also say by Addax share price that they could. IMHO The financial statement is in US millions