Axis Energy Corp (AXGC)

[Habsfan]

Libya extended its deadline on nationalization vote for an additional day.This vote seems to be concerning to some of the oil majors as they have commented that they are not investing anymore in Libya other than surveys for the time being.I am assuming that this was the cause of the recent weakness in Verenex last week.I have only been involved in this company for less than a year and I know others on this board know alot more than myself.I can not get through to anyone involved with the company so I will pose my questions here.

Is this distribution of oil wealth to the people at all a possibility?I do not see how Qaddaffi could even propose this.Who does he figure would do the work?Is this nationalization vote holding up the announcements of any MOU's that would be released relating to any companies.I did see the Total one but that appeared to be a restucturing of an old one.