Addax Petroleum presents at upcoming global investor conferences

    CALGARY, Sept. 24 /CNW/ - Addax Petroleum Corporation (TSX: AXC -
LSE: AXC) ("Addax Petroleum" or the "Corporation") announces that various
members of the Corporation's senior management will be presenting at the
following upcoming investor conferences.

    UBS Oil & Gas Conference

    Mr. Jean Claude Gandur, President and Chief Executive Officer, will be
    presenting at the UBS Oil & Gas Conference in Dubai, EAU on Tuesday,
    September 25, 2007 at approximately 3:45 a.m. Eastern Time.

    Herold's Pacesetters Energy Conference

    Mr. Michael Ebsary, Chief Financial Officer, will be presenting at the
    Herold's Pacesetters Energy Conference in Greenwich, NY, USA on
    Wednesday, September 26, 2007 at approximately 11:00 a.m. Eastern Time.

    Investors are invited to listen to the audio recording via the following

    Citi Benelux Resources Symposium

    Mr. James Pearce, Chief Operating Officer, will be presenting at the Citi
    Benelux Resources Symposium in The Hague on Thursday, September 27, 2007.

    First Energy / Société Générale International Oil and Gas Conferences

    Mr. Michael Ebsary, Chief Financial Officer, will be presenting at the
    First Energy / Société Générale International Oil and Gas Conference in
    Toronto, Canada on Friday, September 28, 2007 at approximately 9:50 a.m.
    Eastern Time.

    Investors are invited to listen to the live webcast via the following

    Additionally, Mr Ebsary will be presenting at the First Energy / Société
    Générale International Oil and Gas Conference in London, UK on Monday,
    October 1, 2007 at approximately 9:45 a.m. Eastern Time.

    Investors are invited to listen to the live webcast via the following

    The presentation slides will be available on Addax Petroleum's website at

    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 123,000 bbl/d for the second quarter of
2007. Further information about Addax Petroleum is available at or at

    Legal Notice - Forward-Looking Statements

    Certain statements in this press release constitute forward-looking
statements under applicable securities legislation. Such statements are
generally identifiable by the terminology used, such as "anticipate'',
"believe'', "intend", "expect", "plan", "estimate", "budget'', "outlook'',
"may", "could", "should", "would" or other similar wording. Forward-looking
information includes, but is not limited to, reference to business strategy
and goals, future capital and other expenditures, reserves and resources
estimates, drilling plans, construction and repair activities, the submission
of development plans, seismic activity, production levels and the sources of
growth thereof, project development schedules and results, results of
exploration activities and dates by which certain areas may be developed or
may come on-stream, royalties payable, financing and capital activities,
contingent liabilities, and environmental matters. By its very nature, such
forward-looking information requires Addax Petroleum to make assumptions that
may not materialize or that may not be accurate. This forward-looking
information is subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and achievements
to differ materially from those expressed or implied by such information. Such
factors include, but are not limited to: imprecision of reserves and resources
estimates, ultimate recovery of reserves, prices of oil and natural gas,
general economic, market and business conditions; industry capacity;
competitive action by other companies; fluctuations in oil prices; refining
and marketing margins; the ability to produce and transport crude oil and
natural gas to markets; the effects of weather and climate conditions; the
results of exploration and development drilling and related activities;
fluctuation in interest rates and foreign currency exchange rates; the ability
of suppliers to meet commitments; actions by governmental authorities,
including increases in taxes; decisions or approvals of administrative
tribunals; changes in environmental and other regulations; risks attendant
with oil and gas operations, both domestic and international; international
political events; expected rates of return; and other factors, many of which
are beyond the control of Addax Petroleum. More specifically, production may
be affected by such factors as exploration success, start-up timing and
success, facility reliability, reservoir performance and natural decline
rates, water handling, and drilling progress. Capital expenditures may be
affected by cost pressures associated with new capital projects, including
labour and material supply, project management, drilling rig rates and
availability, and seismic costs. These factors are discussed in greater detail
in filings made by Addax Petroleum with the Canadian provincial securities

    Readers are cautioned that the foregoing list of important factors
affecting forward-looking information is not exhaustive. Furthermore, the
forward-looking information contained in this press release is made as of the
date of this press release and, except as required by applicable law, Addax
Petroleum does not undertake any obligation to update publicly or to revise
any of the included forward-looking information, whether as a result of new
information, future events or otherwise. The forward-looking information
contained in this press release is expressly qualified by this cautionary

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,; Ms. Marie-Gabrielle Cajoly, Press Relations,
Tel.: +41(0) 22 702 94 44,; Mr. Mac
Penney, Press Relations, Tel.: (416) 934-8011,; Mr.
James Henderson, Press Relations, Tel.: +44 (0) 20 7743 6673,; Mr. Alisdair Haythornthwaite, Press Relations,
Tel.: +44 (0) 20 7743 6676,

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