ADX Energy Limited (ASX:ADX) Response to Sidi Dhaher-1 Erroneous Report
Perth, Sep 30, 2011 AEST (ABN Newswire) - ADX Energy Limited (
ASX:ADX) says today that it has come to the attention of the Company that there has been an unsubstantiated and erroneous report issued recently, containing speculation and speculative analyses about results of the Sidi Dhaher-1 exploration well located onshore Tunisia.
ADX Energy believes that this is definitely not a credible way to report on a Company's drilling results.
ADX Energy has provided regular operational updates regarding this well, and will continue to do so. Premature discussion of well results, particularly related to the presence of hydrocarbons, is inappropriate and irresponsible until all of the data are analysed.
Shareholders can be assured that ADX will continue to release accurate and reliable information as soon as it is reasonably practical to do so.
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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