Full Description

Addax Petroleum Corporation (AXC.TO) (Toronto Stock Exchange)
As of  5 Oct 2009
52.71CAD
Price Change
+0.00
Percent Change
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Addax Petroleum Corporation (Addax Petroleum) is an international oil and gas exploration and production company focused on Africa and the Middle East. Addax Petroleum has an asset base consisting of a number of producing properties in Nigeria and Gabon, and exploration and development properties and opportunities in West Africa and the Kurdistan Region of Iraq. Addax Petroleum operates and holds a 100% interest in these properties. Addax Petroleum is the operator of the Gryphon Marin license area which covers a gross area of 2,409,200 acres (9,750 square kilometers) and is immediately north of Addax Petroleum’s Etame Marin license, offshore Gabon. Addax Petroleum holds a 51.33% working interest in the Iris Marin license area and is the operator. On August 18, 2009, China Petroleum & Chemical Corporation completed the acquisition of Addax Petroleum Corporation.
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