ERHC Energy Inc (ERHE)

[RUBY1100]

Addax Petroleum receives notification for international exports from the Kurdistan Region of Iraq

On Monday May 11, 2009, 7:36 am EDT


KRG authorises commencement of crude oil exports from the Taq Taq field

CALGARY, May 11 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX:AXC and LSE:AXC) today announced that it has received formal notification from the Kurdistan Regional Government ("KRG") of its decision to commence the export of crude oil.

The notification requests that Addax Petroleum and Genel Energy International Ltd ("Genel Energy") prepare to truck oil from the Taq Taq field to the Khurmala export station on or soon after June 1, 2009. The crude oil will be marketed by the State Oil Marketing Organization ("SOMO") and revenues will be directed to Addax Petroleum and Genel Energy through the coordination of the KRG on terms to be agreed under the framework of the production sharing contract. Crude oil delivered to the Khurmala station will be exported via the Iraq-Turkey main export pipeline to the Mediterranean port city of Ceyhan.

Earlier in 2009, Addax Petroleum and Genel Energy submitted a full field development plan for the Taq Taq field to the KRG which contemplates peak production of up to 180,000 bbl/d. Existing facilities at the Taq Taq field provide for production capacity of up to 40,000 bbl/d and the Corporation is in the process of expanding the facilities to 70,000 bbl/d of capacity. Following successful exports by truck, a pipeline is expected to be constructed in support of the full field development.

About Addax Petroleum

Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8.8 Mbbl/d for 1998 to an average of 136.5 Mbbl/d for 2008. Further information about Addax Petroleum is available at http://www.addaxpetroleum.com/ or at www.sedar.com.



For further information

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Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: [phone], [e-mail]
Mr. Nick Cowling, Press Relations, Tel.: [phone], [e-mail]
Mr. Mark Antelme, Press Relations, Tel.: [phone]