ADX Energy Limited

ADX Energy Limited (ASX:ADX) is pleased to announce the completion of a placement of 25,000,000 new shares at 8 cents per share to raise gross proceeds of A$2,000,000.

ADX Energy Limited (ASX:ADX) is pleased to announce the completion of the Operators' revised mapping and volume calculations utilizing a new seismic interpretation integrating well results from the recent Sidi Dhaher well.

ADX Energy Limited (ASX:ADX) is pleased to announce that the chemical analyses, undertaken by Corelab in the UK, of the recovered well samples have confirmed the reservoir fluids to be a typical live crude oil and mud filtrate with minor amounts of water.

ADX Energy Limited (ASX:ADX) is pleased to announce that following suspension to secure Sidi Dhaher-1 well the Challenger drilling rig has been released from location without incident. All related equipment has been demobilized and the well and camp site have been cleared.

ADX Energy Limited (ASX:ADX) is pleased to announce that the Sidi Dhaher well has encountered an interpreted oil column of approximately 30 metres on the basis of pressure data as well as oil recovered together with mud filtrate from down hole sampling. To determine the potential commerciality of the discovery a well test will be required to confirm oil production at commercial rates.

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 Limited (ASX:ADX) reports that Sidi Dhaher-1 has now been logged without further technical problems from the casing shoe at 999 m to 1785 m.

ADX Energy Limited (ASX:ADX) reports that following the successful completion of running and cementing 13 3/8" casing at 999m, the well has been drilled to 1785m in a 12 1/4" hole.

ADX Energy Limited (ASX:ADX) is pleased to report that following the successful completion of running and cementing 13 3/8" casing at approximately 1000m the well is being drilled in a 12 1/4" hole.

ADX Energy Limited (ASX:ADX) is pleased to report that following the successful completion of running and cementing 13 3/8" casing the well is being drilled in 12 1/4" hole. Rig operations are drilling ahead at a depth of approximately 1,300 meters. To date the well has intersected two potential reservoir zones, which will be evaluated by wireline logging prior to setting casing at the 9 5/8" casing point.