Addax Petroleum Share Discussion Threads

[leeson31] 22/7/2009 15:03

great timing from me this morning lol share price headin up now... got 500 more shs tosell into a rise... hopefully nearer 3000p

[leeson31] 22/7/2009 13:36

TIDMAXC

RNS Number : 0795W
Addax Petroleum Corporation
22 July 2009

?


ADDAX PETROLEUM ANNOUNCES RECEIPT OF LETTER
FROM KURDISTAN REGIONAL
GOVERNMENT OF IRAQ


Calgary, July 22, 2009 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or
the "Corporation") (TSX: AXC and LSE: AXC), today announced that it has received
a letter (the "KRG Letter") from the Minister of Natural Resources of the
Kurdistan Regional Government (the "KRG") and has confirmation from Sinopec
International Petroleum Exploration and Production Corporation ("SIPC") that
receipt of this letter satisfies the condition to the offer for Addax Petroleum
dated July 9, 2009 (the "Offer") made by Mirror Lake Oil and Gas Company
Limited, an indirect wholly-owned subsidiary of SIPC, that Addax Petroleum
obtain the KRG Letter.


The Offer is subject to a number of conditions including valid acceptances
by holders of not less than 66 ? per cent of Addax Petroleum shares on a fully
diluted basis and receipt of certain regulatory approvals, including the
government of The People's Republic of China. The Offer is expected to close in
the third quarter of 2009.

[leeson31] 22/7/2009 11:52

I've sold half my holdings, got 2770p. (300 shs and 200 shs on the offer were matched by an AT buyer) :-)

[leeson31] 17/7/2009 11:31

couple of biggie buys gone through at 2720p...
2000 and 5000 shs at 2720 and 200 shs at 2700p

[malkiel] 10/7/2009 11:29

Sinopec Commences Take-over bid for Addax Petroleum

[scottishfield] 10/7/2009 08:44

yes tam gl to u 2! That's us all 'wished luck' now !

[leeson31] 09/7/2009 15:57

lol and YOu too TT :p

[tamtam3] 09/7/2009 14:57

...and I wish myself luck :p
TT

[scottishfield] 09/7/2009 11:17

G/L to u too L

[tamtam3] 09/7/2009 10:41

Sinopec, Addax Sramble For Sao Tome Economic Zone
Written by Ese Awhotu, Abuja
Thursday, 09 July 2009 02:18
[AD]Oil giants Sinopec of China and Addax which are already involved in oil exploration in the Sao Tome/Nigeria Joint Development Zone (JDZ) , have expressed interest in the auction of oil exploration blocks in the country's exclusive economic zone.

Reports emanating from Sao Tome and Principe yesterday revealed that starting from November, and for the first time, the country will open its Exclusive Economic Zone (EEZ) to oil explorers.

Sao Tome and Principe's National Oil Agency (ANP), is seeking interested parties for an auction of oil exploration blocks in the country's exclusive economic areas expected to take place in November.

If all deadlines are met, it is hoped that within two years, starting from November, it will be possible to determine whether or not there is oil available in the blocks of sufficient quality and quantity to warrant commercial exploration.

Meanwhile the parliament of Sao Tome and Principe has unanimously approved the framework Law for Oil Operations and the Oil Tax Law.

Macauhub reported that the Sao Tome government had been awaiting approval of the two laws to re-launch tenders for the oil blocks in the exclusive economic area of the archipelago, and the laws will now be sent for ratification by the President of the Republic.

The framework Law on Oil Operations was introduced a little over six months ago to the National Assembly by the government of prime minister Rafael Branco and had been generally approved by the 4th Commission of the Sao Tome parliament.

The director of the National Oil Agency said that the law was, "completely new, different," but that, "it also requires that public tenders be launched," despite opening up the possibility of, "there being direct negotiations in special cases."



Tamtam

[scottishfield] 09/7/2009 10:30

Greeting L, just to say that I sold recently. I wanted to invest more in afr, & had to rearrange my a/cs to do so. Been topping up there recently & now have a good holding, just that having been here since around £10, feel there's more to 'go at' over there. £26 fm Axc has been great Rgds S-F

[diggsy] 08/7/2009 17:18

we should get an announcement on this soon, no? first couple of weeks in july they said.

[leeson31] 30/6/2009 20:41

afren is an addax in the making! :p g/l

[scottishfield] 30/6/2009 20:38

cheers L. (am a v quiet holder over at Afr)

Turning in now...

[leeson31] 30/6/2009 20:33

quite simply holding mate... trend up, and i just think its got aother burst or two to go yet.....

cheeers

[scottishfield] 30/6/2009 09:34

lesson, good morning. How do u see axc performing from here on in? I'm still invested, but pondering the upside etc along with other potential opportunities,
Rgds S-F

[leeson31] 30/6/2009 07:35

we got live iraqi oil licensing on tv today - should be interesting !

[tamtam3] 30/6/2009 07:33

SAO TOME AND PRINCIPE FIRST LICENSING ROUND


Click on Website or download the pdf file

Posted by: Homeport Date: Monday, June 29, 2009 6:11:26 PM
In reply to: Homeport who wrote msg# 168821 Post # of 168876

EEZ News: Now how did this escape us? X-ANP site:
June, 26th 2009
AAP 2009 ANNUAL CONVENTION AND EXHIBITION ] DENVER
THE VENUE OF THE PRE]ANNOUNCEMENT OF THE SAO TOME AND PRINCIPE FIRST LICENSING ROUND
SaoTome and Principe attended the 2009 AAPG (American Association of Petroleum Geologists) Conference held in Denver from 7]10 June, represented in the International Pavilion, to exhibit and promote the country and EEZ.
The country was represented by Cristina Dias (Minister of Natural Resources), Luis Prazeres (Executive Director of National Petroleum Agency) and Fernando Maquengo (Legal Director of National Petroleum Agency).
Luis Prazeres gave a presentation outlining the main aspects of the petroleum exploration, new blocks delineation to be published shortly and the pre]announcement of the first Licensing Round to open probably in the last quarter of 2009.

Tamtam

[trint76] 29/6/2009 07:34

Thanks Kinkell, that's put my mind at rest.

[kinkell] 27/6/2009 21:48

trint76

The cash will remain in your ISA and can be re-invested within the shelter of the ISA in qualifying investments.

HTH

[cambradjones] 27/6/2009 19:57

Could anyone give a timescale to how long the deal will take to complete and the cash to appear in your trading account, presuming everything goes to plan ???

Thanks .

[trint76] 27/6/2009 19:16

Thanks for the replies guys :) , I'll just see how it goes and see how it gets credited. Can always stick it in the ordinary share dealing account but would be nice to keep the benefits. I can't seem to find anything on the net but I'll carry on looking.

Thread hijack over! ;)

[brancho] 27/6/2009 17:28

trint,
I think you will find the cash will be credited to your ISA account and the stock will be treated as sold. This will not affect your isa contribtion limit for the year - I think anyway. I don't think the cash will be sent as a cheque to your home. Does this help? Any other posters more positive? trint, DYOR this is not advice.