Addax Petroleum 2007 results conference call

    CALGARY, March 6 /CNW/ - Addax Petroleum Corporation (TSX: AXC and LSE:
AXC) ("Addax Petroleum" or the "Corporation") will announce its financial
results for the year ended December 31, 2007 on Thursday, March 13, 2008, and
will discuss its financial results in a conference call on Thursday, March 13,
2008 at 12:00 p.m. (noon) Eastern Time / 4:00 p.m. London, U.K. 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.

    Conference call details:
    Date: Thursday, March 13, 2008
    Time: 12:00 p.m. (noon) Eastern Time / 4:00 p.m. London, U.K. time

    To listen to the conference call, please call one of the following:
    Toronto:                          416 644 3419
    Toll-free (Canada and the US):    1 800 731 5774
    Toll-free (UK):                   00 800 2288 3501
    Toll-free (Switzerland):          00 800 2288 3501

    A replay of the call will be available at (416) 640 1917 or  (877) 289
8525, passcode 21264945 followed by the number sign, until Saturday March 29,

    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 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. Nick Cowling,
Press Relations, Tel.: (416) 934-8011,; Mr. Craig
Kelly, Investor Relations, Tel.: +41 (0) 22 702 95 68,; Mr. James Henderson, Press Relations, Tel.:
+44 (0) 20 7743 6673,; Ms. Marie-Gabrielle
Cajoly, Press Relations, Tel.: +41(0) 22 702 94 44,; Mr. Alisdair Haythornthwaite, Press
Relations, Tel.: +44 (0) 20 7743 6676,

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