Replies to post #1609 on Addax Petroleum (fka AXC)

[bandg]

Thanks for that. I think most here would consider a partnership with Tullow as a positive considering their recent history and successes in the area. But if, as DK seems to suggest, it is a larger company then maybe this could bode well also depending on who it is since they would seemingly have more financial clout than the smaller company could provide. Marathon? Anadarko? Tullow? Someone else? No one? To quote Men at Work, Who Could It Be Now? But more importantly, will it be and when? PS-Would it be possible to farm out more than one area of what seems to be a fairly large block to more than one company?

[RubyMartin]

Thanks For Posting Your Well Worded Question & It's Answer From Keeney.

[arnim-v-b]

thanks for sharing...
bests arnim

[Julius Erving]

Major Integrated Oil & Gas

http://biz.yahoo.com/ic/120.html

Look at the left column for other types op oil & gas companies.

TULLOW is listed under independent oil & gas.

The Doc.

The complete list:

http://biz.yahoo.com/ic/120_cl_all.html

[sneak-attack]

Minnesinger: Tullow is in the distribution (downstream) business with its gas sales. I do not know if somehow that would qualify them as Intergraded, but ERHE is operating in Africa and the official definition of a term does get fuzzy.

However they at present do not engage in oil refinement. One only has to look at Uganda to realize what the stumbling block is to the 1.8 billion barrels of oil they have discovered, It is oil refinement. Almost all of the governments of Africa that do not engage in oil refinement are now demanding that some of the oil that is extracted from their land be refined at home. They want Tullow and it partners to build a $1.5 billion dollar oil refinery for domestic consumption and regional distribution.

Nothing in Africa is as it Seems, including some press releases and official spokesperson statements (dancing around the issues).

So if the analogy of Intergraded as explained by Danny Boy is correct, then Tullow in most peoples eyes would not qualify and should be considered a long shot at best for the race for a viable partner before money and stock options run out.

JMO
Sneak