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ADX Energy increasing its emphasis onshore in Europe with development and acquisition plans

ADX Energy Limited's (ASX:ADX) Ian Tchacos tells Proactive's Andrew Scott they've historically been focused offshore in the Mediterranean but are now looking to increase their emphasis onshore in Europe.

He says the pivot in strategy should see them develop much more rapid pathways to cashflow.

''We've recently drilled a successful well in Romania which we're hoping to test shortly and we've also made an acquisition in Austria where we're buying an oil field and we're also getting exclusive rights to a substantial exploration portfolio''.

Quick facts: ADX Energy Limited

Price: 0.008 AUD

ASX:ADX
Market: ASX
Market Cap: $13.43 m
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