The board of Addax, which is also listed in Toronto and based in Switzerland, has recommended a C$52.80 per share offer from Sinopec, the Chinese state oil and gas company. For full story, click here
Continue reading "China purchased Addax for 4.4 bln to tap Iraqi Oil"
Wednesday, June 24, 2009
China Petrochemical Corp., the country’s second-biggest oil company, agreed to purchase Swiss explorer Addax Petroleum for $7.3 billion in cash to tap oil reserves in Iraq’s Kurdish region and Africa. For full story, click here
Continue reading "Sinopec Group has agreed to purchase Addax for $7.3 bln"
Thursday, November 6, 2008
Addax Petroleum Corporation informed that about the appraisal of the Eocene Pila Spi formation in the Taq Taq field with the TT-11 appraisal and development well. Jean Claude Gandur, President & CEO of Addax Petroleum said: We are encouraged with the successful results from our first appraisal of the Tertiary aged Pila Spi formation in the Taq [...]
Continue reading "Updates from Addax Petroleum on developments at Taq Taq"
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Wednesday, June 24, 2009