ADX Energy

ADX Energy Ltd (ADX) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates five oil and gas permits in North Africa and Europe, together with gold and base metal interests in Australia held via its stake in ASX listed Riedel Resources (RIE).

The company is headquartered in Perth, Western Australia with additional offices operating out of Vienna, Austria and Tunis in Tunisia.

ADX Energy’s vision is to achieve superior shareholder returns through better investment choices, by applying state of the art technology and high quality management.

ADX strives to achieve exponential growth based on a strategy of early entry to high impact exploration opportunities in proven oil and gas basins.

Funding for its Tunisian drilling program in 2010 and 2011 for Lambouka and Sidi Dhaher (Lambouka-1, 30% retained interest and Sidi Dhaher, 40% retained interest) has been generated predominantly through promoted farmouts, enabling the retention of large interests in material prospects that have the potential to deliver multiple value to shareholders. The same approach is anticipated for its planned Dougga appraisal program, ongoing exploration in Tunisia and the recently acquired interests in Romania.

The company has been able to execute its strategy thereby gaining leverage from early entry to prospective acreage, adding value through technical studies or state of the art seismic and achieving farmouts to minimise the requirement for equity funding.

The geographic focus for the company’s energy appraisal and exploration activities is onshore Tunisia, offshore Tunisia, offshore Italy and Romania where there is access to good infrastructure, strong energy markets, stable governments and attractive fiscal terms.

The company’s operating philosophy is to maintain operatorship through the exploration and appraisal phase of the asset cycle to ensure appropriate influence, the ability to maintain important core skills and gain greater access to new asset opportunities.