Replies to post #10024 on Addax Petroleum (fka AXC)

[lovemelongtime]

Agree, this publication cannot be trusted at this point!

[emdyal]

Yes Africa is fraught with corruption, especially anyone having any connection to government ! Much better to wait for an announcement from either CEPSA or ERHC !

[Manti]

Hate to say it, but there IS a possibility that the news story is accurate with regard to the comments from the source.

The comments in the story about the casing was just old cut and paste from the earlier published work proposal. They have ZERO new information on the well from anyone in the know.

Regardless of what the drilling results were, it doesn't change the fact that ERHE is valued less than their assets at current prices. However, the sp is discounted due to the cd funding which is still weighing heavily.

[Julius Erving]

One does not installed a 7" liner or commonly known as a Production Pipe on a Dry Well!!

JCanada claims he knows it all, I noticed some time ago.

I'm interested what he has to say.

Any other real oilguys here?

By the way, has phase III already started?

The Doc.