Addax Petroleum 2006 year-end conference call


    CALGARY, March 15 /CNW/ - Addax Petroleum Corporation (TSX: AXC) ("Addax
Petroleum" or the "Corporation") will announce its financial results for the
year ended December 31, 2006 on Wednesday, March 21, 2007, and will discuss
its financial results in a conference call on Wednesday, March 21, 2007 at
11:00 a.m. Eastern Time. 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 financial
and operating results and the expectations for the future.

    Conference call details:

    Date:     Wednesday, March 21, 2007
    Time:     11:00 a.m. Eastern Time

    To listen to the conference call, please call one of the following:

    Toronto:                          416 644 3422
    Toll-free (Canada and the U.S):   1 800 732 1073
    Toll-free (U.K.):                 00 800 0000 2288
    Toll-free (Switzerland):          00 800 0022 8228

    A replay of the call will be available at (416) 640-1917 or (877)
289-8525, passcode 21223387 followed by the number sign until Wednesday, April
4, 2007.

    About Addax Petroleum:

    Addax Petroleum is an international oil and gas exploration and
production company with a strategic focus on 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 90,000 bbl/d for 2006. Further information
about Addax Petroleum is available at or at


    The conference call 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.


    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:

For further information: Mr. Patrick Spollen, Investor Relations, Tel.:
+41 (0) 22 702 95 47,; Mr. Craig Kelly,
Investor Relations, Tel. : +41 (0) 22 702 95 68,; Mr. Mac Penney, Press Relations, Tel.: (416)
934-8011,; Ms. Marie-Gabrielle Cajoly, Press
Relations, Tel.: +41 (0) 22 702 94 44,

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