ADX ENERGY LTD — Capital/Financing Update 2009

Aug 19, 2009

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ASX Release 20 August 2009

AuDAX receives approval from ETAP (Enterprise Tunisienne D’Activites Petrolieres) of bidders list for conductor, casing and subsea well head tenders

AuDAX Resources Ltd (ASX:ADX) is pleased to announce that the proposed bidders list for casing and subsea well heads required to drill the Sambuca well has been approved by ETAP. Invitation to Tender for the provision of conductor, surface casing, intermediate and production casing and subsea well heads will be sent to the potential bidders shortly.

The Sambuca prospect is located in two contiguous Exploration Permits, in G.R15.PU, offshore the island of Pantelleria southwest of Sicily in Italian waters and in the Kerkouane Permit offshore northeast Tunisia, respectively.

Exploration work within the Pantelleria and Kerkouane Permits has identified a number of prospects and leads. The Sambuca prospect appears to be one of the largest undrilled structures in the Mediterranean Sea with a total P50 unrisked recoverable resource potential of 270 million barrels of oil equivalent.

The total P50 unrisked recoverable resource of the mapped prospects in both permits could exceed one billion barrels of oil equivalent .

For further details please contact:

Wolfgang Zimmer Gary Roper Managing Director Chairman +43 (0) 676 358 1214 +61(08)9226 2822