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Post# of 362657
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Opus X

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Opus X

Re: ibready post# 125008

Monday, 04/14/2008 9:51:19 PM

Monday, April 14, 2008 9:51:19 PM

Post# of 362657
Based on recent mgt presentations, it would appear that Addax is pulling no punches that drilling will begin in the 4th QTR.

Significant Potential
Medium Term Reserve
Additions
• Exploration blocks on trend
with world-class oil fields
• 2007 unrisked resources of
1.2 billion barrels (476
MMbbl risked)
- Acquired for $259 million
• Experienced Deepwater
exploration and drilling
teams preparing for first
well in 2008 with term
contract drilling in 2009
Targets to commence high impact exploration drilling in late 2008

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