ADX ENERGY LTD — AGM Information 2012

Nov 20, 2012

==> picture [96 x 59] intentionally omitted <==

==> picture [100 x 155] intentionally omitted <==

ASX: ADX

ADX ENERGY

ANNUAL GENERAL MEETING

21 November, 2012

www.adxenergy.com.au

==> picture [96 x 59] intentionally omitted <==

DISCLAIMER

This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a variety of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, commercialization, development progress, operating results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.

==> picture [96 x 59] intentionally omitted <==

CORPORATE SUMMARY

 ASX listed international energy explorer (ASX:ADX)

 Headquartered in Perth, Western Australia

 Operations offices in Vienna, Austria and Tunis, Tunisia

• 24% interest in Riedel Resources. (ASX listed Gold and Base metal explorer, ASX:RIE)

==> picture [96 x 59] intentionally omitted <==

KEY STRATEGIES

Corporate Strategy

• Early entry to high impact exploration opportunities in proven oil and gas basins where management has track record.

• Commercialisation of existing discoveries.

Operating Strategy

• Maintain operatorship through the exploration - appraisal phase of the asset cycle.

Funding Strategy

 Fund drilling via farmouts, retain large interests in material prospects with potential to deliver exceptional shareholder returns.

==> picture [96 x 59] intentionally omitted <==

EUROPE – NORTH AFRICA ASSETS

==> picture [294 x 182] intentionally omitted <==

----- Start of picture text -----

Vienna
----- End of picture text -----

SICILY CHANNEL: ITALY & TUNISIA (5,000 sqkm)

ONSHORE TUNISIA

ONSHORE ROMANIA

==> picture [96 x 59] intentionally omitted <==

SICILY CHANNEL – OFFSHORE TUNSIA & ITALY:

ADX ENERGY – ACTIVITY MAP

ROMANIA- ONSHORE:

• FARMED OUT PARTA: FULLY CARRIED

• FARM OUT EFFORTS COMMENCED TO:

•  FUND DOUGGA APPRAISAL

• START SEISMIC early 2013

• DRILLING IN 2013

• FUND NEW EXPLORATION ACTIVITY

• FUND LAMBOUKA RE-ENTRY & DEEP POTENTIAL

TUNISIA – ONSHORE CHORBANE:

• SHIFT EXPLORATION TO LOWER RISK PROVEN OIL & GAS IN WESTERN PART

• + NEW VENTURES ACTIVITIES (APPRAISAL & PRODUCTION OPPORTUNITIES IDENTIFIED! )

==> picture [96 x 59] intentionally omitted <==

MILESTONES SINCE 2008

3D Seismic ADX operated, PGS boat

ADX executed a $70 million exploration program with $13 million of shareholder funds maintaining high interest levels.

• New Geostreamer 3D seismic offshore Tunisia acquired  LEVERAGED THROUGH FARMOUTS

• First Tunisian deepwater well drilled incident free  APPRAISE POST FARMOUT

==> picture [199 x 125] intentionally omitted <==

----- Start of picture text -----

Offshore Sicily
ADX rig
----- End of picture text -----

Onshore Romania (ADX license, Petrom facility)

• Romanian permit granted  FARMED OUT

• Onshore well tested without establishing oil flow

Onshore Tunisia ADX rig

• REFOCUS EXPLORATION

==> picture [96 x 59] intentionally omitted <==

==> picture [100 x 155] intentionally omitted <==

ENERGY ASSETS

UPDATE

www.adxenergy.com.au

==> picture [96 x 59] intentionally omitted <==

OFFSHORE ITALY & TUNISIA

Combined most likely contingent and prospective resources: 1.15 billion barrels oil equivalent.

Kerkouane-1 Lambouka Elissa Dougga - West

Total ADX areas approx. 5,000sqkm

==> picture [96 x 59] intentionally omitted <==

VISION: THE DOUGGA HUB

==> picture [653 x 343] intentionally omitted <==

----- Start of picture text -----

A LARGE GAS
15 km
CONDENSATE
RESOURCE CLOSE Dougga Dougga Lambouka
West
TO MARKETS
Satellite Appraisal Appraisal &
Drill Deeper
Exploration
 Condensate-rich
resource
 Possibility for oil
 Close to shore
(40kms)
 Close to onshore
infrastructure
 Close to high price
local and
226 mmboe 173 mmboe 126 mmboe
----- End of picture text -----

• Close to shore (40kms)

• Close to onshore infrastructure

• Close to high price local and 226 mmboe 173 mmboe 126 mmboe

• European markets 

• 525 mmboe within a radius of 15 km (mean resources) Proximal tie – in  Covered with Geostreamer 3D

• opportunities covered by 3D 

• Proven Hydrocarbons - Low to medium risk upside

==> picture [96 x 59] intentionally omitted <==

DOUGGA & DOUGGA – WEST: ONLY 9 KM APART

	DOUGGA-1							CB run Jan 2012, GRV method			p90	p50	MEAN	p10
								Total RECOVERABLE MMBOE			88	159	173	268
						DOUGGA-1		Abiod RECOVERABLE MMBOE			71	133	142	225
								Total Sales Gas recoverable[bcf]			264	476	517	804
								Total Condensate Recoverable[mmbbls]			35	63	68	106
								Total LPG Recoverable[mmbbls]			12	21	23	36
				UPDIP APPRAISAL				DouggaGas Condensate Appraisal – Contingent Resources
Additional updip
reservoir section

==> picture [700 x 290] intentionally omitted <==

----- Start of picture text -----

Dougga-West
Dougga
NW DOUGGA-WEST Dougga Field SE Dougga – West Elissa
31 km [2]
Messinian
p90 p50 MEAN p10
TOTAL RECOVERABLE MMBOE 32 133 226 557
Top Birsa Dougga –West Oil Prospective Resources
Ain Grab
BouDabbous
Abiod
Sidi Kralif Dougga
----- End of picture text -----

==> picture [96 x 59] intentionally omitted <==

ROMANIA PARTA BLOCK – ADX OPERATED

FULLY FUNDED THROUGH RECENT FARMOUT

ASSET HIGHLIGHTS

==> picture [297 x 372] intentionally omitted <==

• Fiscally attractive Concession agreement signed in January 2011.

• Prolific 1,221 km² acreage with 40 identified oil & gas leads…proven oil and gas source rocks!

• New technology such as 3D never applied before

==> picture [228 x 162] intentionally omitted <==

Map of Romania with ADX prospecting licenses (red) and Parta concession(yellow)

==> picture [96 x 59] intentionally omitted <==

ROMANIA PARTA BLOCK

 Acquire new 2D and 3D seismic (first time) in oil & gas producing province.

==> picture [295 x 126] intentionally omitted <==

==> picture [168 x 127] intentionally omitted <==

==> picture [165 x 124] intentionally omitted <==

AMPLITUDE SUPPORTED STRATIGRAPHIC TRAPS

INFRASTRUCTURE, PERFECT SEISMIC CONDITIONS

==> picture [677 x 182] intentionally omitted <==

----- Start of picture text -----

UNDRILLED CLOSURES - SEVERAL PROVEN INDEPENDENT PETROLEUM SYSTEMS
----- End of picture text -----

==> picture [96 x 59] intentionally omitted <==

NEAR TERM ACTIVITY

ROMANIA

 Romanian Government ratifies concession agreement within next three weeks,

4 of 5 ministers have signed concession agreement

Commencement of fully funded 2D / 3D seismic program expected by Q1 2013

==> picture [74 x 32] intentionally omitted <==

• Drilling of first, fully funded well expected in Q3 2013

==> picture [96 x 59] intentionally omitted <==

NEAR TERM ACTIVITY

TUNISIA

• Renegotiate Production sharing Contract for the Kerkouane permit

• Farm out Offshore Sicily Channel permits to fund drilling of Dougga, Dougga-West, Lambouka.

• Purchase long lead drilling equipment

==> picture [74 x 32] intentionally omitted <==

Commencement of fully funded drilling program expected by Q4 2013 / Q1 2014

==> picture [96 x 59] intentionally omitted <==

NEAR TERM ACTIVITY

TUNISIA

 Farm out Onshore Tunisia

==> picture [74 x 32] intentionally omitted <==

Commencement of fully funded 2D/3D seismic expected by Q2 2013

==> picture [96 x 59] intentionally omitted <==

NEAR TERM ACTIVITY

NEW VENTURES

 High impact appraisal and production opportunities have already been identified in Romania and in the Caspian region

==> picture [96 x 59] intentionally omitted <==

CONTACT US

Ian Tchacos Chairman Wolfgang Zimmer Managing Director Paul Fink Technical Director Office Suite 6, Level 2, 11 Ventnor Avenue West Perth, WA, 6005 T: 61 8 9226 2822 F: 61 8 9226 5333 Website www.adxenergy.com.au Email admin@adxenergy.com.au ASX Code ADX