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RUBY1100

06/17/09 8:48 AM

#166637 RE: ssc #166635

an Addax Buyout from Sinopec would me Serious PR for all parties - followed by fresh PR and updates on JDZ BL 2,3 and 4
and a possible combination with ERHC/Sino/Addax

ERHC would be tagged to much of the PR and that is what we need

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Canada Hot Stocks To Watch: Addax,

Last Update: 6/17/2009 8:44:00 AM

TORONTO (Dow Jones)--Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.

Executives from China's Sinopec Group are in London to meet with Addax Petroleum
Corp. (AXC.T, C$42.10, -C$2.11, -4.8%) to discuss a potential takeover bid,
people familiar with the matter told Dow Jones. Addax CEO Gandur is reported to
have said the company is open to a deal, but "they have to put a serious amount
of money on the table." On person said an offer in the $7 billion to $8 billion
range is likely. Several press reports have said Sinopec has offered about $7.8
billion.
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kobiashi2000

06/17/09 8:49 AM

#166638 RE: ssc #166635

SNP isn't like the other majors, all SNP cares about is getting supply onto the world market to feed their domestic demand. Furthermore, drilling is in 3 weeks, no deal will get done by then, its at least a year away.
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Sidewinder

06/17/09 9:17 AM

#166643 RE: ssc #166635

ssc ,,boy you ever stxxxd , Addax is the best thing ever happened to Erhe , And I for one don't want sinopec in there , you think were short on news ,think again , when china take addax over you will hear nothing ,you'll never know were you stand ......
Good day sir
side