Addax Petroleum says unrisked prospective oil resources estimated at 1,307 MMbbl |
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Tue, 22 May 2007 15:08
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LONDON (Thomson Financial) - Addax Petroleum Corp said its unrisked gross prospective oil resources on Dec 31, 2006, have been estimated at 1,307 mln barrels of oil reserves (MMbbl), adding that its shares have been admitted to the London Stock Exchange as a secondary listing effective May 24.The oil and gas exploration company said its corresponding risked estimate is 670 MMbbl and the gross contingent gas resources is 1,583 bln cubic feet.The company's primary listing will continue to be the Toronto Stock Exchange and no new shares will be issued, it said.TFN.newsdesk@thomson.comkal/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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