Proactive Investors - Run By Investors For Investors

ADX Energy receives extension to Tunisia exploration permit

ADX Energy receives extension to Tunisia exploration permit

ADX Energy (ASX:ADX) has been granted an additional six month extension to the exploration period for its Kerkouane permit offshore Tunisia.

This will assist the company with its farm-out efforts due to increased work program flexibility.

Kerkouane contains an attractive portfolio of appraisal and exploration prospects, such as the multi target Dougga West oil and gas prospect and the Dougga gas condensate discovery.

ADX is seeking to farm out part of its interest to fund the drilling of the next well.

Despite trying farm-out conditions, several material companies with a North African focus are currently reviewing the asset.

ADX recently received US$1.5 million from Gulfsands Petroleum (AIM:GPX) as settlement of all claims and liabilities between the two companies.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full ADX profile View Profile

ADX Energy Ltd Timeline

November 08 2016
April 28 2016
October 10 2014

Related Articles

October 24 2018
Echo recently completed a four-well workover campaign at Fraccion D, while earlier in the year four exploration wells were drilled back-to-back.
October 02 2018
The Salamanca project retains considerable support locally
falcon oil
November 23 2018
Falcon Oil & Gas narrowed its first-half loss as it continued to focus on tight cost control

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use