Replies to post #9817 on Addax Petroleum (fka AXC)

[emdyal]

Yes exactly ! Well stated !

[Tamtam]

Quote

What exactly was the reason for hiding the JDZ results for almost TWO YEARS? Five dry holes, so we've been told.

nobody knows just as we don't know why theTarach-1 results aren't released yet
I prefer to use the word postponed instead of hiding.
Postponed can be perfectly legal, hiding is criminal but there's no proof and is not logical the results would be hidden from the world.

[Julius Erving]

Troy,

Ethically you could (?) be right, legally certainly not:

(...) but ERHC has the benefit of counsel from compliance experts who guide the Company’s disclosures. As I’ve stated in the past, when ERHC is in a position to disclose the outcomes of drilling, it will do so.

Does CEPSA have a clue as to what direction this review of the data is going to...? Of course they have. Does Peter have a clue also, as we speak? Of course he has.

Phase 3 decision very soon to come, so then we also know.

Be sure that he is NEGOTIATING for his life right now, his own $$$ are on the line right now. And those of SEO and Sylvan, and who knows who else...!

Wouldn't it be a big LOL, if simply the announcement comes that oil is found in commercial quantities... Oh man. Price would shoot up a factor of 100 at least... oh man.

I asked the OilNewsKenya editor what the difference is between TAIPAN's dry hole, and ours... TAIPAN did not review anything, came with an announcement IMMEDIATELY.

No answer!

What would the share price do, if oil is found, but not yet in commercial quantities...? Exploratory drill was this...

The Doctor.

[seek the light]

I think there might be something more important! JMO.

[emdyal]

Yes exactly ! Nothing has ever been more important to ERHC ! And yet the usual insistence and excuse that its because they need to have the blessing of CEPSA which is total nonsense !

Stop acting like a dunce Ntephe and show us that you have a clue as to how to operate a public company and how markets work as opposed to hiding like a little boy !!

[

b]Ntephe is not showing strong ethical behavior here. It's been over two months since total depth, and still he hides the most material news in the history of the company... ERHC is going to fly or die based on these results.

There is nothing, and I mean nothing, more material to shareholders than these results