ADX ENERGY LTD — Board/Management Information 2007

Dec 9, 2007

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ASX Release 10 December 2007

AuDAX wishes to announce the appointment of Dr Wolfgang Zimmer to the position of Managing Director effective as of today 10 December 2007.

Mr Gary Roper will assume the role of Chairman and Dr Peter Barber will remain the Company’s Technical Director.

Dr Zimmer is based in Vienna and has over 27 years experience in the oil and gas industry. He worked with Mobil for 11 years, primarily in central Europe and with OMV, the Austrian national oil company for over 14 years, fulfilling a variety of management roles. He established OMV’s business in Australia and was its managing director for 5 years. He was also formerly the CEO of Grove Energy, a Canadian and UK listed oil and gas company.

Dr Zimmer has significant experience in Tunisia, having been a director of OMV’s operations in Tunisia and Sfax for over 3 years. Grove Energy also had significant operations in that country. He has assembled a team, which has particular expertise and experience in both Romania and Tunisia and AuDAX looks forward to leveraging Dr Zimmer’s managerial experience and international contacts.

Further details of the company’s future direction were announced on 9 November and this together with Dr Zimmer’s experience may be found on the Company’s website.

Yours faithfully

GARY J ROPER Chairman