Replies to post #2949 on Addax Petroleum (fka AXC)

[seek the light]

I hope you see your firmly held price target. Wouldn't you still like to see that 2010 Update Reserve Estimate? I know I would.

If that 6 to 12 billion barrels post drilling is correct, you can bet SNP has not given up their ownership rights.

Reading between the lines, it sounds the lack of agreement between Nigeria and Sao Tome on some important matters may have been the cause for a heck of a lot of the delay in moving forward.

[sneak-attack]

Tryoty: That $14 dollar is halfway to the $28.00 I read about 15 years ago when we had half the shares outstanding and Oil was only $30.00 a barrel.

It looks like ERHE now has three times the prospects and oil is over $100 a barrel and climbing.

Do not look now but Inflation is coming. When the U.S. had a strong dollar oil was cheap in order to keep the economy running on all cylinders. Now with a weaken dollar and the U.S. on the verge of becoming the world's largest hydrocarbon exporter, look out as the price may raise to $150.00 a barrel. That is a lot of foreign capital rolling into America.

ERHE's potential has never looked better.

JMO
Have a Great Weekend.
Sneak