Replies to post #9283 on Addax Petroleum (fka AXC)

[sneak-attack]

I am saying it is ONLY an Exploration Well and All that Implies.

Talking about Commerical Quanities and Appraisal Wells is way to early in the Exploration Process.

Sneak

[tryoty]

Do you even know what a "carry" is? CEPSA wouldn't be paying ERHC's way, they will be "loaning" the drilling costs to ERHC and recouping that loan, with interest, through cost oil. ERHC will be forfeiting whatever amount of oil is required to pay back the drilling costs.

CEPSA took the risk with Tarach-1 to gain entry into Kenya. If the results warrant more drilling CEPSA will be taking ZERO risk to carry ERHC.

Some of the garbage that gets posted here is unbelievable.