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Re: exceo post# 127580

Monday, 05/05/2008 1:36:39 PM

Monday, May 05, 2008 1:36:39 PM

Post# of 361445
this was recently posted to the Addax Website [updated pic of the Aban] March 28 - latest publication

http://www.addaxpetroleum.com/_media/2008_%2003_%20UBS_Conference_Presentation_London.pdf

pg. 8-9

Deepwater portfolio is one of the best in the industry with
the largest equity holding in the Joint Development Zone
(JDZ) between Nigeria and Sao Tomé

asset bases will see significant events in 2008/09,
bringing their value to the forefront

Significant Potential
• Exploration blocks on trend with world-class oil fields

• 2007 unrisked prospective resources of 1.2 billion
barrels (476 MMbbl risked)

• Experienced Deepwater exploration and drilling
teams preparing for first well in 2008 with term
contract drilling in 2009