Addax Petroleum statement

    CALGARY, June 10 /CNW/ - Addax Petroleum Corporation (TSX: AXC and
LSE: AXC) ("Addax Petroleum" or the "Corporation") today made the following
    It is with regret that Addax Petroleum reports the death of a contractor
following an attempted robbery by armed gunmen on a supply vessel servicing
operations in OML123, offshore Nigeria, earlier today. During the incident one
Nigerian Navy person and one crew member were injured. Addax Petroleum would
like to extend its sympathy and sincere condolences to the family of the
deceased over this very sad loss and extend our support for a full and speedy
recovery for the injured. The Corporation's producing facilities were not
targeted in this incident, which it believes is part of a regrettable pattern
of violent crime affecting vessels in Nigerian waters. Addax Petroleum's
property and operations were not affected by this incident.
    Commenting, Jean Claude Gandur, President and Chief Executive Officer of
Addax Petroleum said: "First and foremost, we are deeply saddened by this
incident and our thoughts and prayers are with the victim's family and those
of the injured personnel. Secondly, we believe that violent criminal attacks
of this nature are perpetrated opportunistically by lawless criminal elements
and, whilst they do not present a substantive threat to our operations, they
nevertheless cause us great concern regarding the safety of both our and our
contractors' personnel. We believe that the timing of this incident is
unfortunate and coincidental, particularly as the events relating to
yesterday's incident remain unclear. Our approach to security on all of our
operations is to work closely with our host communities and local security
forces, harnessing the strong goodwill and excellent relationships that we
have patiently built over the years and value so much. We will continue to
apply these principles and redouble our security efforts to deter these tragic
and lawless acts."
    Full investigations into this criminal incident are underway by local and
federal security and government agencies and by Addax Petroleum.

    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 139,100 bbl/d for the first quarter of
2008. Further information about Addax Petroleum is available at, or the Corporation's website,

    Legal Notice - Forward-Looking Statements

    Certain statements in this news 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",
"will", "should", "could" , "would" or other similar wording. 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. These factors are discussed in greater detail in filings
made by Addax Petroleum with the Canadian provincial securities commissions.

    Readers are cautioned that the forward-looking information contained in
this news release is made as of the date of this news 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 news release is
expressly qualified by this cautionary statement.

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.
Nick Cowling, Press Relations, Tel.: +1 (416) 934 80 11,; 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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