Replies to post #8546 on Addax Petroleum (fka AXC)

[jsc52033]

i suspect you are right and they did extensive homework. Pray for oil

[farrell90]

Cepsa was interested in Kenya early but were edged out by the Chinese.Cepsa protested but were unable to reverse the results. The Chinese found no oil and exited in 2007

https://books.google.com/books?id=iQXyR_utOlIC&pg=PA30&lpg=PA30&dq=cepsa+oil+kenya+1990&source=bl&ots=7baLWWDub2&sig=N3Aw764XSVawy4bTtKMdZTr4ra4&hl=en&sa=X&ved=0ahUKEwiCv53_o-_MAhUDJ1IKHSwcAYkQ6AEIMTAD#v=onepage&q=cepsa%20oil%20kenya%201990&f=false

I agree Cepsa was very familiar with Kenya before they chose 11a.

GLTA, Farrell

[lovemelongtime]

Dr Thuo had some information of his own years past!!

[oldoil]

I think you may have been right on with your analysis....
My question is....IF duster, how long to evaluate? and the longer we wait...is that a positive? Thanks 'Ski

[emdyal]

So are you saying that you think that CEPSA would have used these tools ?
Also would that up the odds past 20% or is the use of all available tools factored in ?