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RUBY1100

05/13/09 11:05 AM

#161628 RE: mrrhodes #161617

“Addax has entered a new and significant phase of exploration in the highly prospective Deepwater Gulf of Guinea. While the original schedule had us commencing drilling in the JDZ Block 4 in the fourth quarter, we understand that the drillship may now arrive *earlier* in the second half of 2009."