Replies to post #12513 on Addax Petroleum (fka AXC)

[midtieroil]

I guess I shouldn't be surprised if anyone wants to hide material information about ERHC if they believe it benefits them.

18.8% isn't a great number for an exploration well, but it is what it is. And that number should be known, discussed and embraced by all. There was NOTHING more important to discuss about ERHC's upcoming drilling. Why hide it?

By comparison, HDYN started with about a 25% COS on its upcoming well and now it has gone up to 31%. That number was confirmed by a 3rd party and it is considered low risk for an exploration well. On the other, ERHC had an unconfirmed 18.8% COS on Tarach which is considered high risk for an exploration well. Anybody believing this information shouldn't be disclosed and discussed is just plain wrong.