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Tuesday, 05/13/2008 9:22:15 AM

Tuesday, May 13, 2008 9:22:15 AM

Post# of 361729
***JDZ UPDATE ***

New Addax Presentation 05/13 Tristone Conference Paris, France
Jean Claude Addax CEO presenting

High Impact Opportunities JDZ

**** STARTING IN 2008 ****

High Impact Opportunities with significant upside
*** ARE POTENTIAL COMPANY MAKERS for ADDAX ***
deep water GoG 5 Blocks

GoG this may *DOUBLE* Addax's reserve base
“late 2008” first drilling in which we intend to maximize shareholder value

This year and next will be signficant

Deep Water Exciting Portfolio with promising prospects
1.2 Bbls unrisked 500 risked

Summary Exploration Outlook
JDZ 2008 - 1 well,
JDZ 2009 - 5 wells

Budget of Exploration is increasingly important to Addax
Deep water budget 50% increase

KEY EVENTS in 2008 to look for
**** JDZ Deepwater Drillship of Opportunity ****


Other Notes :

Nigeria is BedRock of Addax – celebrating 10 years of operations, experience in Nigeria has been excellent

Strong Government Relationships which give then an advantage

Exciting opportunites in GoG will be an “Ever growing part of our [Addax’s] Future

----------------------------------------------
https://tristonecapital-ls.webex.com/tristonecapital-ls/onstage/g.php?p=2 &t=m

To enroll for the event, click on the Large Cap E+P box and then click "Enroll". Follow-up emails will indicate how to join the event.



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