as an adjoiner to the previous post. the current prices are why our little minnow could be in for the ride of its life over the next few years.
as a hypothetical drilling based on geologic surveys is still not an exact science even with 3-d Overlay mapping. Case in point the Aje that was drilled by Synrtoleum in OML 113. Thye missed the mark even though the surveys looked very promising.
BUT: the JDZ and the EEZ are so large and are in such a prolific area that oil will be found there. What I am getting at is that there is a chance that this first foray into exploring the area (the first 6 wells) may or may not be as successful as we would want. As terrible as this sound there is a chance that this swim could go on longer than any of us want. That is why I am glad that Addax is taking thier time and that they are associated with the very best exploration company's.
One more thing: The Sadlerochit in Prudhoe Bay Alaska has to date produced more than 12 billion barrels and the pay zone on that reservoir was only 110 feet thick. OBO-1 was 150 feet thick with a very high gravity oil, I have to conclude that they felt they were on the high side of the reservoir.
News 
Market Data 
Discover 
