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Re: condor1 post# 224319

Monday, 10/04/2010 10:37:59 AM

Monday, October 04, 2010 10:37:59 AM

Post# of 361337
SNP did not buy Addax just for the JDZ. Addax had many other assets and proven reserves as well. However, if you read this board, you would think otherwise. Companies pay little for exporation properties. The vast majority of the value of Addax coud be attributed to those proven reserves.