Jean-Claude Gandur will meet with the Geneva financial community during an Addax financial presentation in Hotel Metropole, Geneva, on June 6, 2008. I will participate and ask the questions "When will the drillbit hit the ocean floor in block 4? Which drillship?".
This is an excellent occasion to get updated, first hand information from our block 4 operator. If anyone has questions for JCG let me know. I will report back to the board after the meeting like I did for the Centurion presentation.
Attached the invitation.
ERHE: long & strong.
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We are pleased to invite you to a meeting with
MR. JEAN CLAUDE GANDUR, PRESIDENT & CEO
ADDAX PETROLEUM CORP.
Friday, June 6, 2008, at noon (12h00)
Hotel Metropole, Quai Général Guisan 34, Geneva
Addax Petroleum is an international oil and gas exploration and production company focused on Africa and Middle East. Oil volumes in the first quarter 2008 averaged 109,700 barrels per day in Nigeria and 29,400 barrels per day in Gabon for a total of 139,100 barrels per day. Addax Petroleum has given production guidance for 2008 of 140,000 to 145,000 barrels per day.
Previous drilling at the Taq Taq Project in Kurdistan met with success. Taq Taq is 60 km north of the giant Kirkuk oilfield (45% Addax). The company expects first oil production in the second half on 2008, averaging 4,500 barrels of oil per day in the fourth quarter 2008. The company plans at least two development wells in 2008 with the first well to spud in June/July 2008.
We very much hope you will be able to join us and would appreciate hearing from you at your earliest convenience.