Replies to post #18196 on Addax Petroleum (fka AXC)

[ssc]

Odd to see talk of free carry. The last deal to drill erhc did with CEPSA had no free carry and even though erhc did the deal, it refused or was unable to pay its share of drilling costs. Not a very good track record for attracting any type of future deal or partner imo.

[lovemelongtime]

All points possible Sneak. Total fact that Total Fina is hungry to get involved in the JDZ and EEZ which ERHE owns a hefty percentage as you pointed out in your post!! Let’s not forget an other fact that Total Fina came whiskers close to developing a gas field using FSO’s after drilling OBO2 8 years ago. Total Fina spent north of a quarter billion dollars exploring the area and they want back in in a big way. This scenario can only end good for erhe$$$$$$$$$$