Addax Petroleum Presents at the 2007 Scotia Capital Energy Summit

Addax Petroleum Presents at the 2007 Scotia Capital Energy Summit

Addax Petroleum Corporation announces that Mr. Jean Claude Gandur, President and Chief Executive Officer, will be presenting at the 2007 Scotia Capital Energy Summit in Toronto, Canada on Wednesday, February 14, 2007 at approximately 1:30 p.m. Eastern Time. The presentation will include information detailing the company’s performance, strategy and outlook.

Investors are invited to listen to the live, audio-only webcast via the following link:

The presentation slides will be available prior to the presentation 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 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

Legal Notice – Forward-Looking Statements:

Certain statements in this press release and the presentation 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” 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.

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 and presentation is expressly qualified by this cautionary statement.

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 9568, Mr. Mac Penney, Press Relations, Tel.: (416) 934-8011,

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

Source: Addax Petroleum Corporation

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