ABN Newswire Stocks to Watch: March 24, 2010
AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) said has signed a farm-in agreement with PharmAust Ltd (ASX:PAA) for participation in exploration of AuDAX's two contiguous offshore Exploration Permits located offshore the island of Pantelleria southwest of Sicily in Italian waters and offshore northeast Tunisia. The company also signed a farm-in agreement with Bombora Energy Pty Ltd for participation in exploration of the Chorbane Permit onshore Tunisia. However, AuDax has stopped farm-in negotiations with DNO International ASA (OSL:DNO), Norway regarding the onshore Chorbane permit in Tunisia as the parties failed to agree on the terms.
Clean Global Energy Limited (ASX:CGV) said that it has lodged an Exploration License Application with the Victorian government for a coal exploration area in Victoria's Gippsland coal basin. The area known as ELA5270 is approximately 900 square kilometers and contains numerous exploration and other wells. Initial indications from existing exploration of ELA5270 suggest that there may be areas within the ELA that may be suitable for Underground Coal Gasification.
Brickworks Limited (ASX:BKW) announce its brick company Austral Bricks(TM) Tuesday unveiled a 100 square metre tribute to US President, Barack Obama, at Horsley Park on the M7, despite the postponement of his visit. The wall will be still in place in June, the next scheduled date of the president's much anticipated visit.
iSOFT Group Limited
Clean Global Energy Limited
ADX Energy Limited