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Thursday, May 01, 2008 6:42:58 PM
I think one thing to particularly note is found in the following paragraph (my highlight):
"The Corporation (ADDAX) believes that the combination of oil discoveries at Ofrima North are sufficient to provide for a standalone development with an FPSO and subsea tiebacks and intend to work closely with relevant Nigerian government agencies on plans for an expeditious development with potential production as early as late 2009.
This confirms and illustrates the ADDAX commitment to fast-track development and production and should allay fears that the JDZ is still very many years from first oil sales.
"We're all here because we ain't all there"
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