Activity Update - Dougga Gas Condensate Discovery
Perth, Oct 14, 2014 AEST (ABN Newswire) - Further to ADX Energy Ltd's (
ASX:ADX) (ADXRF:OTCMKTS) Activity Update announcement on 8 October 2014, ADX has released a Revised Activity Update providing additional information primarily relating to the Dougga Gas Condensate Discovery including the intention to announce in the near future additional ADX' estimates of Prospective Resources relating to up dip potential from the original Dougga gas condensate discovery well.
The up dip resource potential is based on ADX' revised seismic interpretation and mapping.
To view the update presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ADX-694718.pdf
About ADX Energy Limited
ADX Energy Limited's (
ASX:ADX) (OTCMKTS:ADXRF) is an Australian Stock Exchange (ASX) listed International Energy Explorer which is soon to become a Producer. The Company's Geographical focus is Onshore Europe and Offshore Mediterranean with a portfolio consisting of recently acquired Production as well as Appraisal, Development and Exploration Assets. ADX's interests are located in Romania, Italy, Tunisia and most recently Austria. The Company's immediate focus is on low cost, low risk, profitable resource commercialisation opportunities onshore and higher cost higher reward offshore projects in the longer term. The Company is headquartered in Perth, Western Australia with additional operating offices in Bucharest (Romania) and soon to be Vienna (Austria). The Company also has representative offices in Italy and Tunisia.
ADX Energy's vision is to establish a stable cash producing platform onshore Europe and develop a number of rapid resource to reserves opportunities as well as low risk exploration potential with access to infrastructure in favourable fiscal and operating environments.
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