Addax to Join S&P / TSX Composite Index

Standard & Poor's Canadian Index Operation is adding Addax Petroleum to the S&P / TSX Composite Index and the S&P / TSX Capped Energy Index. The addition will be effective at the open of the TSX on Monday, March 19, 2007.

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.