AuDAX Resources Limited (ASX:ADX) 3D Seismic Acquisition Completed
Perth, April 19, 2010 AEST (ABN Newswire) - AuDAX Resources Limited (
ASX:ADX) (PINK:ADXRF) is pleased to advise that the Geostreamer 3D seismic acquisition was completed on the 15th April. The program undertaken with the PGS Atlantic Explorer vessel in the Sicily Channel permits was approximately one week ahead of schedule.
The acquisition of the 3D seismic fast track cube over the Lambouka prospect was completed on the 1st April. Processing of the fast track cube is expected to be completed on the 1st of May ready for the selection of the location for the Lambouka well. The new data will help to optimally locate the well on what is a very large and robust structure.
Paul Fink, AuDAX Technical Director commented "that all of the onboard QC results looked very encouraging and of excellent quality".
Expected spud date for the exploration well Lambouka is the 15th June 2010.
For the complete AuDax Resources announcement including a map, please click the following link:
http://www.abnnewswire.net/media/en/docs/62656-ASX-ADX-487737.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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