AuDAX Resources Limited (ASX:ADX) Receives Approval By Tunisian Government For Kerkouane Permit Work Program
Perth, Feb 26, 2010 AEST (ABN Newswire) - AuDAX Resources Ltd (
ASX:ADX) (PINK:ADXRF) is pleased to announce that the Tunisian Authorities (Comite Consultatif des Hydrocarbures) have approved the work program to drill one exploration well to 3000m in the Kerkouane permit offshore Tunisia.
Atwood Oceanics Inc (NYSE:ATW) has been selected to provide Drilling Rig Services for the deep water Sambuca prospect. Atwood will be providing the ATWOOD SOUTHERN CROSS semisubmersible offshore drilling unit to conduct the work programme.
Spud date is expected to be the 15th of June 2010.
About ADX Energy Limited
ADX Energy Limited's (
ASX:ADX) (OTCMKTS:ADXRF) is an Australian Stock Exchange (ASX) listed International Energy Explorer which is soon to become a Producer. The Company's Geographical focus is Onshore Europe and Offshore Mediterranean with a portfolio consisting of recently acquired Production as well as Appraisal, Development and Exploration Assets. ADX's interests are located in Romania, Italy, Tunisia and most recently Austria. The Company's immediate focus is on low cost, low risk, profitable resource commercialisation opportunities onshore and higher cost higher reward offshore projects in the longer term. The Company is headquartered in Perth, Western Australia with additional operating offices in Bucharest (Romania) and soon to be Vienna (Austria). The Company also has representative offices in Italy and Tunisia.
ADX Energy's vision is to establish a stable cash producing platform onshore Europe and develop a number of rapid resource to reserves opportunities as well as low risk exploration potential with access to infrastructure in favourable fiscal and operating environments.
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