Sinopec International Acquires 100% of Addax Petroleum Corporation Shares

Tuesday, October 6th, 2009

Sinopec International Petroleum Exploration and Production Corporation is pleased to announce that effective October 2, 2009, its indirect wholly-owned subsidiary, Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), acquired ...


Sinopec International Takes Up Additional Addax Petroleum Corporation Shares

Friday, August 28th, 2009

Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that additional common shares of Addax Petroleum Corporation ("Addax Petroleum") have been tendered to the offer (the ...


Afren enters into a Joint Venture Agreement with Oriental Energy Resources and Addax Petroleum Nigeria Offshore Limited for the development of the Okwok Field, offshore Nigeria

Thursday, August 27th, 2009

Afren plc ("Afren" or the “Company”) announces that it has entered into a Joint Venture Agreement (“JVA”) with Oriental Energy Resources Limited (“Oriental”) and Addax Petroleum Nigeria Offshore Limited, a ...


Sinopec International Takes Up Addax Petroleum Corporation Shares and Extends Tender Offer for Remaining Shares

Tuesday, August 18th, 2009

Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that 153,734,120 common shares of Addax Petroleum Corporation ("Addax Petroleum"), which represent approximately 92.67% of the Addax ...


Addax Petroleum Announces Sinopec’s Receipt of Approvals from the People’s Republic of China

Tuesday, August 18th, 2009

Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC) today announced that it has received confirmation from Sinopec International Petroleum Exploration and Production Corporation (“SIPC”) that ...


Addax Petroleum Announces Receipt of Letter from Kurdistan Regional Government of Iraq

Wednesday, July 22nd, 2009

 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 ...


New York’s main futures contract, light sweet crude for delivery in August, climbed 32 cents to US$64.30 (S$92.80). The August contract will expire later on Tuesday. Brent North Sea crude for September delivery rose eight cents to US$66.52.

Tuesday, July 21st, 2009

------------- The Committee of the Indigenous Associations of Lagos State, have condemned the attack by the Movement for the Emancipation... of Niger Delta (MEND) on the Atlas Cove oil facility in ...


Sinopec Commences Take-Over Bid For Addax Petroleum

Thursday, July 9th, 2009

Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC), today announced that Mirror Lake Oil and Gas Company Limited (“Mirror Lake”), an indirect wholly-owned subsidiary of ...


Addax Petroleum Announces The Regulatory Filing Of The C$52.80 Per Share Cash Offer By Sinopec International Petroleum Exploration And Production Corporation

Friday, June 26th, 2009

Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC) announced today that the definitive agreement (the “Acquisition Agreement”) with Sinopec International Petroleum Exploration and Production Corporation ...


Addax Petroleum Announces C$52.80 Per Share Cash Offer By Sinopec International Petroleum Exploration And Production Corporation

Wednesday, June 24th, 2009

Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC) announced today that it has entered into a definitive agreement (the “Support Agreement”) with Sinopec International Petroleum ...


Addax Petroleum And Genel Energy Commence International Export From Kurdistan Region of Iraq

Tuesday, June 2nd, 2009

Crude oil from Taq Taq license area exported to international markets Calgary, Alberta, June 1st, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC) today ...


Addax Petroleum Announces Acquisition Onshore Gabon With Immediate Exploration Drilling

Thursday, May 14th, 2009

Potential farm-in for 50 per cent interest of Ogueyi licence area including currently drilling Azango exploration well Calgary, Alberta, May 14th, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) ...


Addax Petroleum Announces Strong Cash Flows In First Quarter 2009 Results

Wednesday, May 13th, 2009

High impact projects expected to yield a transformational year Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC), today announced its results for the quarter ended March ...


Addax Petroleum Receives Notification For International Exports from The Kurdistan Region of Iraq

Monday, May 11th, 2009

KRG authorises commencement of crude oil exports from the Taq Taq field Calgary, Alberta, May 11th, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) today announced ...


Addax Petroleum First Quarter 2009 Conference Call

Thursday, May 7th, 2009

Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) will announce its financial results for the quarter ended March 31, 2009 on Wednesday, May 13, 2009, ...


Addax Petroleum Secures Fifth Generation Drillship to Commence Deepwater After Exploration in 2009

Wednesday, March 11th, 2009

Deepwater exploration campaign expected to commence in the fourth quarter of 2009 Calgary, Alberta, March 11th, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC), today announces ...


EIA Nigeria Oil Data Analysis and Statistics

Wednesday, March 11th, 2009

Nigeria is the largest oil producer in Africa, the eleventh largest producer of crude oil in the world and a member of the Organization of Petroleum Exporting Countries (OPEC). In ...


Addax Petroleum Announces Record Results for 2008

Wednesday, March 4th, 2009

Calgary, Alberta, March 4th, 2009 – 41 per cent increase in Funds Flow From Operations to $1,850 million 63 per cent increase in Net Income to $784 million 8 per cent increase in ...


Addax Petroleum Announces Another Year of Successful Production and Reserves Growth in 2008

Wednesday, February 4th, 2009

Calgary, Alberta, February 4th, 2009 – 20 per cent increase in Proved plus Probable oil reserves to 536.7 MMbbl 23 per cent increase in unrisked prospective oil resources to 2,772 MMbbl 17 per ...


Addax Petroleum Announces Significant New Discovery in Nigeria

Wednesday, January 28th, 2009

Exploration success with Njaba discovery in onshore OML124 license area Calgary, Alberta, January 28th, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) today announces a significant ...


Addax Petroleum Announces Record Third Quarter 2008 Results and 2009 Capital Budget

Thursday, November 13th, 2008

61 per cent increase in Funds Flow From Operations to $539 million 103 per cent increase in Net Income to $248 million 2 per cent increase in Production to 131.3 Mbbl/d $1.6 billion ...


Addax Petroleum Announces Record Second Quarter 2008 Results

Thursday, August 7th, 2008

83 per cent increase in Funds Flow From Operations to $524 million 190 per cent increase in Net Income to $293 million 8 per cent increase in Production to 132.9 Mbbl/d Addax Petroleum ...


Addax Petroleum Second Quarter 2008 Conference Call

Monday, August 4th, 2008

Calgary, Alberta, August 1st, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) will announce its financial results for the quarter ended June 30, ...


Addax Petroleum Statement re: NNPC

Tuesday, July 29th, 2008

Calgary, Alberta, July 29th, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) today made the following announcement. The Corporation is aware of certain reports ...


Addax Petroleum Awarded Additional Interest in Deep Water Exploration License in Joint Development Zone

Thursday, July 17th, 2008

Additional 7.2 per cent interest in JDZ Block 4 license area Calgary, Alberta, July 16th, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) announces ...


Addax Petroleum Announces Production Milestone in Nigeria

Saturday, July 12th, 2008

200 million barrels produced from OML123 offshore Nigeria Calgary, Alberta, July 7th, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) announces today that the ...


Addax Petroleum Announces Successful Oil Appraisal Offshore Nigeria

Wednesday, March 12th, 2008

Successful appraisal at OML123 expands Kita Marine area Calgary, Alberta, March 11th, 2008 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) announced today the successful appraisal of ...


Addax Petroleum Announces Successful Oil Appraisal Offshore Nigeria

Tuesday, March 11th, 2008

Successful appraisal at OML123 expands Kita Marine area Calgary, Alberta, March 11th, 2008 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) announced today the successful appraisal of ...


Addax Petroleum Announces Update To Appraisal and Development Program at Taq Taq

Thursday, March 6th, 2008

TT-08 appraisal well flows at an aggregate rate of 35,750 barrels per day Calgary, Alberta, March 6th, 2008 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) today ...