Replies to post #7850 on Addax Petroleum (fka AXC)

[oil-cowboy]

Sounds a about right. They've only been telling us for a year lol

Yes is see now. Funny how these boards keeps on the defensive all the time. All good sir

Good luck to us all. Just a little commercial oil, is that too much to ask!!!???

[Opus X]

If they announce the strategic investor before drilling I wonder how the share price will move when it's CEPSA?it appears to me that is the way CEPSA works. In my opinion this has been understood by both parties since CEPSA acquired rights in ERHE's block. While the deal may not have been formalized completely at that time it was understood. It could explain why CEPSA went to this block versus others. Also could explain ERHE management's confidence in investing as they did in the stock. The formal relationship has just been written or nearing completion. If it leads to acquiring a portion or all of ERHE, it will be decided by Kenya oil finds.

Just a thought early this Saturday.

Good luck to all the longs,

Opus X

[Julius Erving]

"Management does believe it has created and is executing on a viable plan that has the capability of eliminating the threat to continuation of our business."

Isn't that an incorrect sentence? Shouldn't it be: "(...) eliminating the threat to discontinuation of our business."

Farmout of EEZ is coming... soon. IMO.

Do you mean the other EEZ blocks too?

The 15% paid working interest in each of two additional blocks of ERHC’s choice and block 4...

EEZ Block 4 is 5,808 square kilometers, situated directly east of the island of Príncipe. The northeastern area near EEZ Block 4 contains a large graben structure, which is bound by the Kribi Fracture Zone.