Archive for March 1st, 2007


Addax Petroleum – A Good Old Fashioned Growth Story

Background: Geneva based E&P listed on the Toronto under AXC. Management – Financial and operations professions have extensive experience with Majors operating in Africa. IPO Feb 2006. The stock has made slow steady progress since then. Massive Production Growth History: Acquired 4 concessions in Nigeria producing 8,800 boepd form Ashland Petroleum (ASH) in 1998. Increased […]

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