Replies to post #891 on Addax Petroleum (fka AXC)

[brez63]

You know what the beauty about this stock is? The same way no one saw the LOI PR coming. The way it just popped up on our emails and computer screen. Well it's propably the same way a PR for a LOI for a buy out!! That's the beauty of this stock! The company has assets, we all know it has value, the sharks are circling, but you never know when that LOI PR will drop!

Cheers

Brez

[sneak-attack]

JSC: When I first got into this stock play, ERHC had 350 million shares outstanding and the only assets that were in play were the JDZ and EEZ blocks. At that time it was rumored that SEO wanted $8.00 a share. Since then the share count has more than doubled and after block one was drilled by CVX, SEO was rumored to want in excess of $10.00 a share and oil was $50.00 a barrel. Now with oil closing in on $100.00 a barrel and the selection of the EEZ blocks and the addition of Chad and Kenya properties and still with more on the way, I believe that SEO will get $25 to $30 a share.

I could be all wrong.

Sneak