CALGARY, Canada, January 23 /PRNewswire/ -- Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation") will host a management presentation to financial analysts and investors on Tuesday, January 29, 2008 in New York City. The Corporation's senior management team, including Mr. Jean Claude Gandur, President and Chief Executive Officer, Mr. James Pearce, Chief Operating Officer, and Mr. Michael Ebsary, Chief Financial Officer, will discuss the Corporation's most recent operating results and expectations regarding future operations.
The Capital Markets Day presentation materials will be available on the Corporation's website at http://www.addaxpetroleum.com and the event will be available by webcast with the following details:
Conference call / webcast details: Date: Tuesday, January 29, 2008 Time: 10:00 a.m. Eastern Time / 3:00 p.m. London, U.K. time The webcast will be available at the following URL: http://w.on24.com/r.htm?e=101709&s=1&k=D6B6CE5F87B0BC6BBC4578F6EBDDD209 To listen to the conference call, please call one of the following: Toronto: +1-416-644-3415, Toll-free (Canada and the U.S): +1-800-732-6179, Toll-free (U.K.): 0-800-2288-3501, Toll-free (Switzerland): 0-800-2288-3501
A replay of the conference call will be available at +1-416-640-1917 or +1-877-289-8525, passcode 21259259 followed by the number sign until Wednesday, February 20, 2008.
About Addax Petroleum:
Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8,800 bbl/d for 1998 to an average of approximately 126,000 bbl/d for 2007. Further information about Addax Petroleum is available at http://www.addaxpetroleum.com or at http://www.sedar.com.
Conference Call / Webcast Advisory: Forward-Looking Statements
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The conference call / webcast may contain forward-looking statements. When used in the call, words such as "anticipate", "expect", "project", and similar expressions are intended to identify such forward-looking statements. Although the Corporation believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, economic conditions and commodity prices. While Addax Petroleum makes these forward looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected.
Reader Advisory: Forward-Looking Statements
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This press release includes certain forward-looking statements. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks associated with the oil and gas industry (e.g., operational risks in development; exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; uncertainties of reserve estimates; the uncertainty of estimates and projections in relation to production; costs and expenses and health, safety and environmental risks), the risks of commodity price and foreign exchange rate fluctuations, the uncertainty associated with negotiating with foreign governments and risks associated with international activity. Due to the risks, uncertainties and assumptions inherent in forward-looking statements prospective investors in Addax Petroleum's securities should not place undue reliance on forward-looking statements.
For further information: Mr. Patrick Spollen, Investor Relations, Tel.:+41(0)22-702-95-47, patrick.spollen@addaxpetroleum.com; Mr. Craig Kelly, Investor Relations, Tel.: +41(0)22-702-95-68, craig.Kelly@addaxpetroleum.com; Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: +41(0)22-702-94-44, marie-gabrielle.cajoly@addaxpetroleum.com; Mr. Nick Cowling, Press Relations, Tel.: +1-416-934-8011, nick.cowling@cossette.com; Mr. James Henderson, Press Relations, Tel.: +44(0)20-7743-6673, james.Henderson@pelhampr.com; Mr. Alisdair Haythornthwaite, Press Relations, Tel.: +44(0)20-7743-6676, lisdair.haythornthwaite@pelhampr.com
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