Disclaimer
Legal Notice
This site is owned and maintained by Addax Petroleum Corporation (Addax Petroleum). You agree to the following terms and conditions when utilizing this site.
Copyright and Trademark
All material on this website is protected by copyright. The material may be used and copied for non-commercial, personal or educational purposes, provided that all information used is not modified and that copyright or trademark notices are not deleted. Any other use of this material without Addax Petroleum’s written permission is prohibited.
Except as otherwise noted, the trademarks and logos displayed on this website belong to The Addax & Oryx Group and to Addax Petroleum and may not be used without The Addax & Oryx Group's or Addax Petroleum’s written permission. Third party trademarks displayed on this website may not be used without Addax Petroleum’s prior written permission.
Our Website - Service Only Provision
This website is not intended to be used in a solicitation manner or for the offering of securities in any jurisdiction. The material on this website is not intended to modify, qualify, supplement or update information disclosed under corporate and securities legislation of any jurisdiction related to Addax Petroleum and should not be used for the purpose of making investment decisions concerning Addax Petroleum’s securities. Printed copies of public disclosure documents may be requested from Investor Relations at Addax Petroleum by telephoning.
Linked Websites
Addax Petroleum provides links, upon written permission, to third party websites for convenience only. The inclusion of these links does not imply that Addax Petroleum monitors, endorses or is responsible for the content and information on these websites.
Internet Communications
Due to technical difficulties typically found with the Internet, Internet software or transmission problems could produce incomplete copies with inaccurate information. Computer viruses or other destructive programs may also be accidentally downloaded from this website. Addax Petroleum disclaims liability for any Internet software, computer viruses or destructive programs that may be inadvertently downloaded from this website. Addax Petroleum’s recommendation is that you install appropriate anti-virus or other protective software.
Exclusion of Liability
Addax Petroleum, its affiliates and related companies shall not be liable for any claims, expenses, loss of profits or damages (including direct, indirect, special or consequential damages) arising from:
- the use of or dependence on information contained in this website;
- any error or omission in such information or failure to update information in a timely manner;
- use of third party websites linked to our website;
- any Internet software used in connection with our website, computer viruses, or other destructive programs encountered as a result of using our website; and
- all other matters related to this website; even if Addax Petroleum is made aware of possible claims, expenses, damages or losses.
Forward-Looking Statements
Certain statements on this website or incorporated herein by reference may constitute forward-looking information. This forward-looking information can generally be identified by words such as "may", "will", "could", "should", "would", "believe", "intend", "anticipate", "expect", "plan", "estimate", "budget", "outlook" or other similar wording. Forward-looking information is based on current expectations and is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Addax Petroleum, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: general economic and business conditions which will, among other things, impact demand for and market prices of Addax Petroleum’s products; foreign currency exchange rates; economic conditions in the countries and regions in which Addax Petroleum conducts business; political uncertainty, including actions of or against terrorists, insurgent groups or other conflict including conflict between states; industry capacity; the ability of Addax Petroleum to implement its business strategy, including exploration and development activities; the ability of Addax Petroleum to complete its capital programs; the ability of Addax Petroleum to transport its products to market; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the availability and cost of financing; the success of exploration and development activities; production levels; the uncertainty of reserve estimates; actions by governmental authorities, including increases in taxes; government regulations and the expenditures required to comply with them (especially safety and environmental laws and regulations); site restoration costs; and other circumstances affecting revenues and expenses, many of which are beyond the control of Addax Petroleum. The impact of any one factor on forward-looking information is not determinable with certainty as such factors are interdependent upon other factors, and management's course of action would depend upon its assessment of the future considering all information then available. Statements relating to reserves are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the reserves described can be profitably produced in the future. Readers are cautioned that the foregoing list of factors is not exhaustive. Furthermore, the forward-looking information contained on this website is made as of the date of the various publications, news releases and regulatory filings contained herein, and, except as required by applicable law, Addax Petroleum does not undertake any obligation to update or revise and of the forward-looking information, whether as a result of new information, future events or otherwise. Although Addax Petroleum believes that the expectations conveyed by its forward-looking information are reasonable based on information available to it on the date such statements are made, no assurances can be given as to future results, levels of activity and achievements. All forward-looking information on this website or incorporated herein by reference, whether written or oral, attributable to Addax Petroleum or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Special Note Regarding Currency, Production and Reserves
In this website, all references to dollars refer to United States dollars unless otherwise stated.
Addax Petroleum's reserves are evaluated by Netherland, Sewell & Associates, Inc., an independent qualified reserves evaluator. The reserves have been evaluated as at 31 December 2007 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, which prescribes certain standards for the preparation and disclosure of reserves data, resources and other information for reporting issuers engaged in oil and gas activities. The full Statement of Reserves Data and Other Oil and Gas Information (Form 51-101F1) is contained in Addax Petroleum's Annual Information Form dated March 13, 2008, which is available on www.sedar.com or here.
Addax Petroleum retained qualified independent petroleum engineering consultants, Netherland Sewell Associates, Inc. to evaluate 100% of its proved probable and possible oil reserves in Nigeria as at September 30, 2005 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101) which prescribes the standards for the preparation and disclosure of reserves and related information for companies listed in Canada.
Contact
If you have any questions about the information contained on this site or other questions about Addax Petroleum please contact: