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ADX ENERGY LTD — Capital/Financing Update 2014
Aug 13, 2014
64308_rns_2014-08-13_d2c8600e-fd7b-4092-96c0-a828a4dfa4b6.pdf
Capital/Financing Update
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ASX Release
14 August 2014
ADX Obtains 2 Year Extension Offshore Tunisia
ADX Energy Ltd ( ASX:ADX ) is pleased to announce that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have approved a 2 year extension of the Exploration period for the Kerkouane permit offshore Tunisia for two years to 21 February 2016.
The ADX operated contiguous Sicily Channel blocks Kerkouane (Tunisia) and Pantelleria (Italy) contain an attractive portfolio of appraisal and exploration prospects such as the Dougga West prospect with its several targets and the Dougga gas condensate field, which are also covered by the dual sensor Geostreamer 3D seismic acquired in 2010. Prior to drilling the next well, ADX seeks to divest part of its interest. Several interested companies are currently reviewing the asset. ADX will update the market as soon as a legally binding offer has been made.
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Sicily Channel Location map showing also important oil (green) and gas (red) fields
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3D seismic cross section through Dougga‐East Prospect
For further details please contact :
Wolfgang Zimmer Ian Tchacos Managing Director Chairman +61 (08) 9226 2822 +61 (08) 9226 2822 www.adxenergy.com.au