ERHC Energy Inc (ERHE)

[ac hotfries]

Addax remains tight lipped on the 9%.

-ach


Dear Mr. XXXXXX,
Unfortuantely we cannot provide much of an update on the status of our discussions with ERHC regarding the 9% interest as there is really nothing new to update you on. We are in the process of amicably resolving our disagreement through arbitration, however we do not have a timeframe in which this process will be completed. Please feel free to check back with me in due course or through any press releases on the topic on our website www.addaxpetroleum.com.
Regards,
Craig

Craig E. Kelly, C.A.
Finance Manager - Corporate Mergers & Acquisitions
Addax Petroleum Corporation
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