Addax Petroleum third quarter 2007 and 2008 capital budget conference call and webcast

    CALGARY, Nov. 5 /CNW/ - Addax Petroleum Corporation (TSX: AXC and LSE:  
AXC) ("Addax Petroleum" or the "Corporation") will announce its financial
results for the quarter ended September 30, 2007 and its 2008 capital budget
on Monday, November 12, 2007, and will discuss its financial results in a
conference call and webcast on Monday, November 12, 2007 at 11:00 a.m. 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/webcast details:
    Date: Monday, November 12, 2007
    Time: 11:00 a.m. 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 3418
    Toll-free (Canada and the U.S):     1 800 732 0232
    Toll-free (U.K.):                   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 21251977 followed by the number sign until Monday, November
26, 2007.

    A webcast will be available at the following URL:

    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


    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,; Ms. Marie-Gabrielle Cajoly, Press Relations,
Tel.: +41(0) 22 702 94 44,; Mr. Nick
Cowling, 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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