Replies to post #9828 on Addax Petroleum (fka AXC)

[sneak-attack]

Without an appraisal on this well there is no way to confirm "Commercial Quanities of Hydrocarbons".

However, the well's drilling target area was listed as having 220 meters of vertical pay zone. The 66 million barrels of estimated oil was a P-10.

The well could contain 400 to 600 million barrels.

Just my opinion and I could be Wrong, yet again.

Sneak

[tryoty]

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

Why cause all of the negative speculation by not saying anything?

"Tarach-1 encountered oil and we are evaluating whether the data warrants drilling another well."

It really is *THAT* simple. Give the market a clue.

The September conversions would be at a much higher price. Their investment, and ours, would be at a much higher value, and it would attract financing options they have never had access to before.

But no, Peter Ntephe and Sylvan Odobulu want to continue to hide the results instead of being transparent. They may be educated, but they come from a third world country and they are showing it. This is exactly why third world countries are viewed as a negative by the broader markets.