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Wednesday, January 30, 2008 12:02:44 AM
http://www.addaxpetroleum.com/investors/management_presentations
Call in (877) 289-8525, passcode 21259259#
***Aban Abraham was delayed [refitting] out of the Shipyard in Singapore for 6 Months - 1 year
Hence the new main program start date July-Dec 2009
AA goes to Cosmos first for 4+4
then to Addax for 8 and Sinopec for 2 wells - 10 Total Wells to mature the JDZ portfolio
Will Be NON STOP DRILLING FOR 1 1/2 Years !!!
JDZ
unRisked Oil - 1 Billion
Risked - 470 MM Bbls
"Company Maker"
Area where billion barrel fields exist
Addax Mapped the Entire JDZ in 3D
Firm Drilling Targets
Leading Prospect Kina BL 4 [based on size quite exciting]
Then Principe & Tome BL 2
Limbo BL 3
So many prospects - may lead to "Clustered Development"
2008 Rig of Opportunity [Addax & Sinopec together]
for BL 4 and potentially BL 2
***Schrull "KEEN TO GET DRILLING IN Q4 2008"
Addax on Exploration
now 40 folks at Exploration unit at Addax
including "senior" people brought over from the majors - Addax can attract these folks with $$$ / and the exploration potential
JDZ BL 1 - OBO 1
CVX felt it was the best prospect
many fault blocks
80 Million Bbls reported - ???
Keen on the other structures
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