Addax Petroleum Share Discussion Threads

[kiwi3] 08/10/2007 11:40

zengas

is that because it's main listing is canada....how can they charge more than the offer price for their shares without increasing the offer pprice afterwards....a couple of the buys this morning have gone through at 2115 and 2120 when the offer is 2100....jus seems strange to me....they are probably holding back the price til 3pm to see what way the dow etc is going to go

[zengas] 08/10/2007 10:56

kiwi

I don't think Addax is eligible for FTSE 100 status.

[kiwi3] 08/10/2007 09:06

nice to see a few buys going through so early....including the 300 bought 15p over the offer price....hopefully get another rise later today

[leeson31] 05/10/2007 15:52

yeah, ive worked on the basis of 3.213 bill

[kiwi3] 05/10/2007 15:51

this co must be knocking on the door of the ftse100 ...i make its market cap 3.2 billion at the moment....am i right with my figures

[leeson31] 05/10/2007 15:47

amazing this isnt more busy.... threadwise and volume..

ppl dont like 2000p stocks imho.... they prefer 10p ones on aim...

[kiwi3] 05/10/2007 15:45

i think 2400p is very possible...and we aren't even getting news on taq taq yet....how many other oil co's are producing 140000 bopd

[leeson31] 05/10/2007 15:43

lol. big bucks here isnt it eh mate.

im in t25 but will probably roll it, i think 2400p coudl be seen before next t25 value rollover date...

[kiwi3] 05/10/2007 15:42

starting to move in canada now....437000 shares traded already

[kiwi3] 05/10/2007 15:40

another nice buy just gone through 5000 @20.5...ie £100000 worth

[leeson31] 05/10/2007 15:40

oh yes, now were talking. 2020 to 2100 now.
sweet !

[leeson31] 05/10/2007 14:04

a buy gone thru. 20ks worth... pushed the bid up...

[kiwi3] 04/10/2007 21:59

another good rise on the canadian market tonight....should start off with a rise in the morning......

[leeson31] 01/10/2007 16:10

RNS Number:9031E
Addax Petroleum Corporation
01 October 2007


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to
the shares or debentures of the issuer should complete boxes 1 to 16, 23
and 24.
(2) An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23
and 24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should
complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


Please complete all relevant boxes in block capital letters.


1. Name of the issuer

ADDAX PETROLEUM CORPORATION

....................................


2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

THE NOTIFICATION RELATES TO (i)

....................................


3. Name of person discharging managerial responsibilities/director

JEAN CLAUDE GANDUR

....................................


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

THE NOTIFICATION RELATES TO A CONNECTED PERSON, AOG HOLDINGS BV

....................................


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

THE NOTIFICATION IS IN RESPECT OF THE HOLDINGS OF THE PERSON REFERRED TO IN 4
ABOVE

....................................


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

COMMON SHARES

....................................


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

AOG HOLDINGS BV

....................................


8 State the nature of the transaction

DISPOSITION OF SHARES PURSUANT TO A SHARE EXCHANGE AGREEMENT

....................................


9. Number of shares, debentures or financial instruments relating to shares
acquired

NO SHARES WERE ACQUIRED

....................................


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

NO SHARES WERE ACQUIRED

....................................


11. Number of shares, debentures or financial instruments relating to shares
disposed

47,058 SHARES

....................................


12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

APPROXIMATELY 0.03%

....................................


13. Price per share or value of transaction

SHARES OF ADDAX PETROLEUM CORPORATION WERE EXCHANGED FOR SHARES OF ADDAX & ORYX
GROUP LTD

....................................


14. Date and place of transaction

SEPTEMBER 29, 2007, LONDON, UK

....................................


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

55,501,061 SHARES, APPROXIMATELY 35.6%

....................................


16. Date issuer informed of transaction

OCTOBER 1, 2007

....................................


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes





24. Name of contact and telephone number for queries

ALLISON NEAPOLE, [phone]

....................................


Name and signature of duly authorised officer of issuer responsible for making
notification


Allison M. Neapole

Senior Legal Advisor

....................................


Date of notification

OCTOBER 1, 2007

....................................

END

[leeson31] 28/9/2007 18:52

i see its just came of a tad in toronto, but yeah, i feel 2200p should be seen soon...

oil very strogn at mo..

[wolf9] 28/9/2007 18:12

a good tick up today and also going up in canada- mid 20s next week?

[wolf9] 27/9/2007 10:36

someones confident?

[leeson31] 26/9/2007 09:15

hard for me to answer Xylos, cos i dont live in england. perhaps Zengas or someone with uk tax info could help you.

[a0469514] 26/9/2007 08:57

I have recently bought into Addax in the UK market. I am considering a largish additional investment and can just as easily buy them in the Canadian market at the same commission. Can anyone advise on the relative advantages of each market. eg there seems a bigger spread in the uk; more liquid in Canada. Are there any taxation considerations? I see that you are exempt from stamp duty in UK on this share, presumably as its prime listing is the TSE, so no difference there. Thanks in advance.

Xylos

[zengas] 23/9/2007 23:28

Hi Hattori

Glad to see you back in Timan. Been a choppy ride but i've kept faith with it -never easy. Hope you do well there and here in AXC (you too Robbie).

Best of luck .

[pixi] 23/9/2007 20:04

OPEC Demand Drives Oil-Price Surge

[leeson31] 23/9/2007 19:12

hoping for 2200p this week....

[robbiepaul] 23/9/2007 18:55

Yes Zen,

thanks for the info.

Also in TMAN-Which is looking strong and set for a run.

RP.

[hattori_hanzo] 23/9/2007 18:32

Hi ZENGAS, I trust you are thriving.

I've been in AXC for a couple of weeks & I also bought back into TMAN last week.

After spending this year concentrating on mining type stocks, AXC & TMAN are my first dabble in O&G stocks for quite a while, here's hoping we all prosper.

As always, thanks for your informative input.

Regards

Hanzo

[zengas] 22/9/2007 18:48

Price parity to Tullow should have Addax at £28.15 now - both companies have similar reserves, but yet Addax are producing 70,000 bopd MORE from the same operating regions as Tullow. That alone should command a premium over Tullow at present to in excess of £30+ imho.

The investor trip to Nigeria last week is a sign of ongoing presentations after the massive ramp up in production with more to come.

The revenues alone are fantastic, now that production has gone over 140,000 bopd with more to come from other undeveloped but discovered fields. ($1.2b development and exploration budget).

The Taq Taq field in the Kurdistan region Iraq will be put into full development production 2008 in the region of 200,000 bopd (that will give Addax 90,000 bopd). Addax are spending $90m there at the moment. (First 4 wells tested 112,000 bopd with 2 more currently drilling and yet to test). This should be worth £15+ .
("We are also encouraged that recent constructive efforts of the Kurdistan Region and Iraq should could result in a legal framework that will enable the Corporation to commence implementing this full field development in 2008.").

There's also the Kewa Chirmila propsect in the same licence area with 175km of seismic being finalised.

They are also looking for other Iraqi fields + Libya and other countries of interest with $1.6b earmarked for acquistions.

2007 revenues should equate to approx $3.1b and going forward are circa $900m per quarter at $70/b before any allowance for increased production from new fields to come on stream. (not including Taq Taq).

Just think what the current huge revenues will do for acquistion and further growth alone !