Replies to post #6285 on Addax Petroleum (fka AXC)

[oil-cowboy]

If it's for the whole company there are a lot of options. If it's just for one property we'd be giving away the farm for sure. My hope is Cepsa takes a stake in Erhe, or morph into another entity and for the exchange of the rights we get a cash component. New management would be a boost also, cause let's be honest for this thing to rise again it needs cash, properties and management the market believes in. Unfortunate we only have one of those....

Let's pray Peter is smarter than he has been made out to be. We'll find out soon enough as this is either the end game or a new era.

[Julius Erving]

Troy,

I just don't see how ERHC get the cash it needs to get through drilling with giving away the vast majority of the assets.

How about that majority owner, who perhaps is leading you by your $ick? We now KNOW FOR SURE 100% that he has more than enough $$$ available to get ERHC out of this mess, any second of any single !@#$%%ing day!

Realistic scenario?

The Doc.