Replies to post #6595 on Addax Petroleum (fka AXC)

[oil-cowboy]

" But they were wrong before with the JDZ so still a risk, which mean if it its there is a big reward."

The JDZ has unfortunately put a huge, permanent chit cloud over this stock. Not to mention the negative career posters who remind us daily. This however, I believe has created an opportunity with this round of drilling. We don't need a billion barrels here to be successful. A solid find with the promise of a new oil region could catapult this long past most investors ultra low expectations. A surge of publicity and buying can do exceptional things here, remember, if we can go down that fast we can go up that fast. Any long term chart in any investment will prove that.

There's a reason management has put many of their own eggs in as of late. IMO in hindsight that will have been to time to load the boat, as many have.

Waiting for more pieces to drop..... :-)

[tryoty]

I'm glad you were able to take advantage of the decimation inflicted on all shareholders, many couldn't. When you look at what happened the past 15 months, you can see how far out of whack the share price is.

They had 750M share out. They diluted to 3B, that's an increase of 4X.

Yet the share price went from 13 cents to .0003... at that point it was 1/433 of 13 cents.

4X dilution. Share price divided by 433. Can you say fire sale?

*THAT* is why Ntephe and Odobulu started loading. It wasn't/isn't because they have inside info we don't... they *know* they aren't closing the doors... and we do too, via their commitment to buying so many shares.

They bought because the share price is stupid cheap... sadly because of their choices, but it is what it is.

What I can't decide is are they willing to roll the dice on Kenya and hold, or is the company going to be sold prior to drilling like Addax was. I just don't know. Walking from the STP-EEZ may be a **HUGE** mistake, but holding through the Kenya drill and missing could mean the end of the company before the STP-EEZ gets drilled.

A bird in hand...

My gut says ERHC Energy will be sold within the next 6 months. My heart flip-flops on how it feels about that. Some days it agrees, other days it doesn't. I'm just sooo tired of this journey, so tired.