ERHC Energy Inc (ERHE)

[mrrhodes]

ADDAX PETROLEUM CORPORATION




Attention Business/Financial Editors

Addax Petroleum announces strong cash flows in first quarter 2009 results
High impact projects expected to yield a transformational year

CALGARY, May 13 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or
the "Corporation") (TSX: AXC and LSE: AXC), today announced its results for
the quarter ended March 31, 2009. The financial results are prepared in
accordance with Canadian GAAP and the reporting currency is US dollars.
A conference call will be held for analysts and investors today
Wednesday, May 13, 2009 at 11.00 a.m. Eastern Time / 4.00 p.m. London, U.K.
Time. Full details can be found at the end of this announcement.

CEO's Comment

Commenting today, Addax Petroleum's President and Chief Executive
Officer, Jean Claude Gandur, said:
"Addax Petroleum continues to deliver strong operating cash flows and
healthy netbacks despite a significantly lower oil price environment. As part
of the Corporation's ongoing commitment to maintain liquidity and to operate
under a balanced budget approach, certain development activities were
postponed in order to maintain a concerted focus on exploration.
The stage has been set for our high impact projects to make for an
exciting year. We are extremely pleased to have recently received a
confirmation from the Kurdistan Regional Government that crude oil exports
will commence from the Taq Taq field. In addition, with the recently
contracted Deepwater Pathfinder drillship, the Corporation has entered a new
and significant phase of exploration in the highly prospective Deepwater Gulf
of Guinea. While the original schedule had us commencing drilling in the JDZ
Block 4 in the fourth quarter, we understand that the drillship may now arrive
earlier in the second half of 2009."