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Re: None

Tuesday, 11/17/2009 12:49:11 PM

Tuesday, November 17, 2009 12:49:11 PM

Post# of 362900
I know that everyone is really wanting information. I wish I had more.

Latest news on drilling operations on the Malanza - 1X. Addax is currently logging the 12-1/4" section... They are running an extensive suite of logs that would strongly indicate the presence of hydrocarbons. 9-7/8" casing will be set (probably tomorrow)and they should be back to drilling (8-1/2" section) in two to three days... All very positive...

Addax will have the rig until Jan at which time the rig will transfer to ENI. I think that current drilling operations, and the short timing contractually left, may result in one less well than hoped for butttt that is not necessarly a bad thing when one has considerable data to analyze on your previous four wells...

Cherry on top??? Addax has tendered for 6 floaters to operate in the Nigerian region...

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