ADX Energy Limited

ADX Energy Ltd (ASX:ADX) (PINK:ADXRF) is pleased to announce that it has signed a Letter of Intent with Challenger Limited to provide Drilling Rig Services for the Sidi Dhaher well in the Chorbane Exploration Permit onshore Tunisia. Challenger will be providing the RIG 37 onshore drilling unit to conduct the work programme.

ADX Energy Ltd (ASX:ADX) (PINK:ADXRF) is pleased to announce that the offer of up to 35 million shares in the capital of Riedel Resources Limited (ASX:RIE) ("Riedel") at an issue price of A$0.20 each to raise up to A$7 million has been successfully completed and is now closed.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that ETAP (Enterprise Tunisienne D'Activites Petrolieres) has approved the rig tender evaluation for the drilling of Sidi Daher 1 well on the Chorbane permit as proposed by ADX.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce the lodgment of a prospectus with ASIC for an Initial Public Offering incorporating ADX' gold and base metal assets. This IPO enables ADX to continue its stated transformation into a focused energy company while ensuring that its highly prospective gold and base metal assets secure the appropriate management and funding to achieve their potential.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce a significant increase in the resource potential at its Dougga Gas Condensate discovery offshore Tunisia, based on the results of ADX remapping using its leading edge dual sensor 3D seismic data acquired earlier in 2010.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that it has completed an initial evaluation of the Lambouka-1 well results and has generated a preliminary resource estimate for the Lambouka gas discovery.

ADX Energy Limited (ASX:ADX) is pleased to announce that tenders for drilling services have been sent to contractors this week with a view to drilling the Sidi Daher prospect in December of this year.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) reports on activities during past week.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that the participants have agreed to the Operators proposal to suspend the Lambouka -1 discovery in a manner that is suitable for the future re-entry of the well.