Replies to post #15300 on Addax Petroleum (fka AXC)

[lovemelongtime]

Yes Sir!!!

[oldoil]

As a mathematician I'll do the work.....

14.4 Billion barrels is equivalent to $281,520,000,000. profit...PROFIT. Now IF ERHE can manage 10% of these numbers thats $ 28,152,000,000. Profit to shareholders. Per share profit is $9.43/share..For those that own shares...do your own math....hmmmm OK.....so a little goes to feds....$78.00/ barrel gross.
.25% of that is net after drilling cost, labor....Now..you see why we are excited about this investment?
Some for 20 years...worth it???? do the math yourself...all is just my opinion ;-)

[DegenerateGambler]

Why isn't TOTAL FINA buying ANY shares of ERHC on the open market? if they were that interested in the "assets" TOTAL FINA could buy them on the cheap, by purchasing shares of ERHC. Why are they NOT doing this???