Addax Petroleum Share Discussion Threads

[dadair] 16/1/2008 13:41

Reserves update out.

[leeson31] 12/11/2007 13:31

Selected Financial Highlights


* Petroleum sales before royalties in the third quarter of 2007 amounted
to $925 million, an increase of 58 per cent over petroleum sales before
royalties of $584 million in the third quarter of 2006. The growth in
petroleum sales before royalties arose from the combination of increased
petroleum sales volumes and increased average crude oil sales price, up by
10 per cent to $74.31 per barrel (/bbl) as compared to $67.60/bbl realized
in the corresponding period in 2006.

* Net income in the third quarter of 2007 was $122 million, an increase of
63 per cent over net income of $75 million in the third quarter of 2006. Net
income per share (basic and diluted) increased by 53 per cent to $0.78 per
share in the third quarter of 2007 compared to $0.51 per share in the
corresponding period in 2006.

* Funds Flow From Operations for the third quarter of 2007 increased 37
per cent to $335 million compared to $244 million for the corresponding
period in 2006. Funds Flow From Operations increased by 30 per cent to $2.15
per share (basic) in the third quarter of 2007 compared to $1.65 per share
in the corresponding quarter in 2006. On a diluted basis, Funds Flow From
Operations per share increased by 25 per cent to $2.06 per share in the
third quarter of 2007 compared to $1.65 per share in the corresponding
period in 2006.



brilliant set of figures actually...

[martincc] 12/11/2007 13:21

Q3 results out

[leeson31] 12/11/2007 13:01

afren or tman

[johnny1982] 12/11/2007 12:56

Addax or Matra??

I am undecided. Any thoughts?

[leeson31] 08/11/2007 08:47

had to seel yesterday, took a good profit for 6 weks, but ned csh elsewhere. will be back im sure...

:-)

[pixi] 02/11/2007 15:17

Up 5%, keep on trucking!

[leeson31] 02/11/2007 13:19

lovely, looks like next leg up in the offing....

[moniclub] 19/10/2007 18:30

Addax hiring in Nigeria...

[leeson31] 17/10/2007 13:10

conference rns out...

[kiwi3] 15/10/2007 15:09

nice rise again today

[a0469514] 12/10/2007 02:10

I cannot disagree with any of that Zengas. In fact they appear to justify a mkt cap significantly ahead of Tullow.

It seems surprising that such a large and growing company appears to be largely unknown to UK investors. Maybe that is about to change. The share price is certainly heading in the right direction.

Xylos

[zengas] 11/10/2007 16:42

Tullow m/cap today is £4.5b and 70k bopd.

Addax £3.35b and over 140k bopd.

Both similar reserves.

Addax will have record high revenues for Q3 on 12th November.
4th Q revenues will be well into the $900m+ region on oil at $69/b (currently near $80 again).

Tullow £4.5b divided by Addax £3.35b = factor of 1.343.

Addax share price £21.65 x 1.343 = £29.07 target to be PRESENT comparative value for Addax v Tullow - yet Addax are producing 70,000 bls per day more than Tullow.

Addax comparative value to Tullow should be £29.07 now with no premium at all for the whopping 70k additional bopd production.

Addax on track for £25+ pre 12th November record results.

[kiwi3] 11/10/2007 16:13

reaching new highs over here ....well up in canada also....onward and upward

[leeson31] 11/10/2007 16:05

oh yes, now were movin !!!

[kiwi3] 10/10/2007 14:19

we must be very close to a new high in the uk with this company i think with todays rise....lets hope it carries on

[leeson31] 09/10/2007 14:18

rising nicely here


:-)

[kiwi3] 09/10/2007 07:34

thanks zengas....nice reading

[kiwi3] 08/10/2007 13:29

zengas

nice to know you're aboard this one...agree doesn't seem to be a great deal of stock around although seems to be quite heavily traded in canada most of them seem buys going through...you compare to tullow but i believe addax are probably producing more oil than tullow...ie 140000 bopd and this can only increase...i think the potential to add to reserves as better with addax, also with taq taq still drilling and i'm sure they will pick up more acreage in iraq as time goes on

regards

[robbiepaul] 08/10/2007 13:26

Well done guys.I bought just a few a couple of weeks ago.In front already.

RP.

[leeson31] 08/10/2007 13:22

still think 2200p is on this week.

[zengas] 08/10/2007 13:22

kiwi

Yes because it's Canada

I took 2000 more of those shares on a T25 and will roll them, giving me about 44 days credit before i pay up. You normally pay a premium.

I don't think there is a lot of stock available. The small directors sells are i beleive being used to help create supply.

Minimum £26 target (Producing much greater than Tullow and equivalent share price would be over £27.00 with no allowance for 100% greater revenues and production - so should be on a steady climb to £30.00 imho)

Q3 results are only 4 weeks away.