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Addax the forgotten producer ! (AXC)     

required field - 21 Feb 2008 18:35

As everybody seems to be on the PET thread, thought I'd start a debate here that might interest PET holders...this company might soon be producing soon in Iraqi Kurd territory in the north, shame the stock is so expensive to buy..!

lanayel - 10 Apr 2008 13:52 - 5 of 20

RF,

It's a Company with excellent potential - the current oil price cannot harm sentiment !!!

The huge spread, high share price and general iliquidity cannot help smaller investors get interested.

required field - 10 Apr 2008 14:11 - 6 of 20

What this company should do : is to have a share split like : 20 shares for every one held and a possible move to the main market like Afren is planning....that would probably help, but that aside...the prospects look fantastic !

required field - 21 Apr 2008 17:01 - 7 of 20

Narrowing of the spread....might help a bit...this along with BG. are tremendous upper mid-cap oilies and yet not many people seem interested....both producing....and exploring..!.

required field - 23 Apr 2008 08:30 - 8 of 20

I think the best thing is to AXC the PET and get in here quick !

hlyeo98 - 23 Apr 2008 11:03 - 9 of 20

The spread is 90p and there is no volume at all...that's no surprise.

required field - 23 Apr 2008 11:22 - 10 of 20

Good company...crazy spread...needs changing somehow !

required field - 03 May 2008 12:05 - 11 of 20

Another great update from AXC....not a bit of bad news in there....!

required field - 08 May 2008 16:19 - 12 of 20

Climbing now...30 target !

required field - 09 May 2008 15:45 - 13 of 20

Up again...one of the best oil stock movers at the moment !

required field - 16 May 2008 22:20 - 14 of 20

Still climbing....not surprising even with directors selling some stock....oil at more than $127 per barrel and a production of 139100 per day should help !.

required field - 20 Mar 2009 10:53 - 15 of 20

Incredible flow rates...not in now but this has doubled in value as of late...rotten spread...wish they would do something about that...almost a pound...ridiculous !.

steveo - 31 Mar 2009 23:00 - 16 of 20

looked at this a couple of weeks ago but spread stopped me getting involved, agree share split would help liquidity and hopefully the spread, production looks phenomenal though, alot of debt at present, but turnover dismisses fears over this.

required field - 31 Mar 2009 23:03 - 17 of 20

A move to the main market would also help !.

steveo - 01 Apr 2009 21:42 - 18 of 20

trading volume today speaks volumes, diddly squat!!

required field - 16 Apr 2009 19:01 - 19 of 20

You can now put this one in an Isa thanks to the new listing in Toronto...with JLP that's 2 dual listed stocks that I know of ....just a shame that the sp is too high now !.

halifax - 24 Jun 2009 13:25 - 20 of 20

Takeover by chinese seems to legitimise AXC's position in Northern Iraq which must strengthen the concessions owned by HOIL and GKP.
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