ERHC Energy Inc (ERHE)

[RUBY1100]

NEW ADDAX Presentation MAY 8 2008 !!!!

repost ...

http://www.addaxpetroleum.com/_media/2008_05_Investor_Presentation_Final.pdf

"Targeting to commence high impact exploration drilling in late 2008"

Other Items to Watch for in 2008 - Q4 Drilling JDZ BL 4, Kina
"Deepwater drillship of opportunity"

Drilling timeline:
- targeting to start drilling in Q4, 2008 – rig of opportunity
- deep water drilling rig contracted for up to 10 wells; 2009


JDZ Blocks 1, 2, 3 & 4

Full 3D seismic coverage
• Multiple reservoir targets and Direct Hydrocarbon

Indicators in many prospects
• 19 prospects evaluated (YE 2007)
- EUR (WI): 727 MMbbl unrisked, 313 MMbbl risked [Addax Share]
• $56 mm budgeted for 2008
- including first well in JDZ 4

http://www.addaxpetroleum.com/investors/management_presentations