Replies to post #7358 on Addax Petroleum (fka AXC)

[Julius Erving]

Sincerely,

Peter Ntephe
President and Chief Executive Officer

He is ALIVE!!!

[oil-cowboy]

Its here folks....Drill time!!!!!

Thanks brez

HOUSTON, February 16, 2016 – ERHC Energy Inc. (OTCMKTS:ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued the following update on exploration progress in Kenya Block 11A as well as other matters from Dr. Peter Ntephe, president and chief executive officer.

To ERHC Shareholders:

I am pleased to update the investment community and other interested parties on ERHC Energy Inc.

1. Kenya Block 11A

a) We continue to work relentlessly toward a spud date for the Tarach-1 well near the end of the first quarter of 2016.

b) The rig is being mobilized to the drill site where concreting work and installation of conductors have already been completed. The contracting parties have completed over 80 kilometers (50 miles) of access road.

c) The Tarach-1 well is designed to drill from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to total depth (TD) of 3,000 meters.

d) As disclosed previously, the Tarach-1 prospect's mean estimate of oil prospective unrisked resources is 66 million barrels. Mean unrisked prospective resources of all prospects and leads in Block 11A totals 662 million barrels.

[Julius Erving]

The contracting parties have completed over 80 kilometers (50 miles) of access road.

WOW, they are serious...

:P

[oil-cowboy]

Big transfer of shares at end of day! Surely wasn't one of us buying lol

Things are happening IMO

"Closed at 1.4M ish. That's 140M presplit. Yes low percentage but pretty high! "

Cheers
Brez