Replies to post #878 on Addax Petroleum (fka AXC)

[oil-cowboy]

Sounds about right Sneak.

Another asset under our belt can only make the stock more attractive, especially one with a bit of income attached to it.

Ok, time to pull the curtain and see the plan!! Were ready! lol

[oil-cowboy]

"The Directors intend to re-commission existing infrastructure and restart existing wells to re-commence production at an initial gross rate of 2,500 bopd with a target to grow gross production to 50,000 bopd within four years."

It wouldn't totally hurt to have a piece of OML 40 going forward, if this what the plan is. Seems like if Eland was involved it would be there only asset to trade with.

Having income would sure change the dynamic of this stock.

Question - how would a P/E ratio effect the sp?