Replies to post #8313 on Addax Petroleum (fka AXC)

[oil-cowboy]

I agree that the company won't be around long after a discovery. Peter hasn't done once iota of promotion regarding this drill campaign... That tells you all you need to know. Our end game has been planned for a while. They also probably figured how to gain a far bigger piece with the help of CDs. Sad but true.

Only good part is they also need oil to see green. Let's hope it's a big strike!

[lovemelongtime]

Explain to me your theory that Sinopec and Erhe are hiding the results of oil finds in the JDZ ?

[jsc52033]

But what is that other company they set up? IS that the one which will do the buy out?

[sneak-attack]

This company will not be sold before 12-31-2016. Pete nad company do not want to pay short term capital gains and neither do any shareholders who bought under a year.

Even if oil is found (22 mbls), ERHE will likely remain unchanged in share price as they have 110 mblso in Chad proven by ExxonMobil in the mid 1980'S and that has done nothing for the value of ERHE. If the hydrocarbon are not going to market, they have no value on the balance sheet.

JMO
Sneak