ERHC Energy Inc (ERHE)

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Addax Petroleum Corp. (AXC, C$36.00, C$0.27, 0.8%) said it has held preliminary
talks with third parties with respect to a possible acquisition or merger.

Addax Pete: Preliminary Talks Ongoing >AXC.T

Last Update: 6/8/2009 9:06:39 AM

(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)

Addax Petroleum responds to press speculation
Monday June 8, 9:04 am ET

CALGARY, June 8 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) has been made aware of press speculation involving the Corporation and the interest in it by third parties with respect to a possible acquisition or business combination.

In response to that press speculation, Addax Petroleum acknowledges that it has held preliminary discussions with third parties expressing an interest in a potential transaction with the Corporation.

While such preliminary discussions are ongoing, no assurance can be given that a transaction will be completed.

Addax Petroleum does not intend to make further comment unless or until there is a transaction to announce.