Addax Petroleum (fka AXC)

[oil-cowboy]

"The Directors intend to re-commission existing infrastructure and restart existing wells to re-commence production at an initial gross rate of 2,500 bopd with a target to grow gross production to 50,000 bopd within four years."

It wouldn't totally hurt to have a piece of OML 40 going forward, if this what the plan is. Seems like if Eland was involved it would be there only asset to trade with.

Having income would sure change the dynamic of this stock.

Question - how would a P/E ratio effect the sp?