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ADX Energy www.adxenergy.com.au
Full ADX Energy profile here

ADX Energy (ASX: ADX) is an oil and gas exploration and appraisal company. ADX operates five oil and gas permits in North Africa and Europe. ADX also has gold and base metal interests in Australia held via its stake in ASX listed Riedel Resources.

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ADX Energy preparing for capital raising, granted trading halt

ADX Energy (ASX: ADX) has been granted a trading halt by the ASX pending the release of details regarding a proposed capital raising.

No additional details have yet been announced on the raising, but the company is currently preparing to shoot seismic in Romania, which will be followed by the drilling of the first well at its Parta permit in 2013.

ADX is also continuing preparations to farmout its Kerkouane Permit in the Sicily Channel offshore Tunisia and had recently renewed the Chorbane permit onshore Tunisia for another three years.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 23rd August.

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