InvestorsHub Logo
icon url

kownski

04/07/09 1:11 PM

#157356 RE: RKT989 #157337

Addax KNOW what is really down there..

Well they should, or as close as you can without drilling.
I have sat here for yrs with a small number of shares. About a month ago I started buying for two reasons and now hold about 5 times my long amount. #1, Addax revamping the 3d like eight times. One or two times might be new ways of doing this but most if not all (IMO) is new info (logs) on new wells that are being drilled around them. It's painting Addax a very good picture of what they have. And #2, they went ahead and contracted another rig so they must be in a bit of a hurry to prove up what they have.
It all looks good to me.

Thanks Mark for the info.

John