Additional Information - AGM Presentation 8 May 2014
Perth, May 20, 2014 AEST (ABN Newswire) - ADX Energy Limited (
ASX:ADX) (ADXRF:OTCMKTS) would like to provide the following additional information relating to its release on 8 May 2014 of the AGM Presentation.
- Certain slides on the presentation lodged on 8 May 2014 were not included in the AGM presentation and were not intended to be released.
- All information presented has been previously released with appropriate supporting information and qualification.
- ADX now resubmits all the slides with appropriate supporting information for the information of shareholders and qualification where appropriate. This revised presentation includes additional information required by various ASX Listing Rules with respect to oil and gas reporting.
- We wish to draw the reader's attention to slide 10 of the original presentation which incorrectly stated reserves rather than resources. Please note this slide was not presented at the AGM and not intended to be released.
- We also wish to draw the reader's attention to slide 11 of the original presentation which provided a reference to a mean estimate. This is not permitted under new ASX Listing rule 5.26.6 and has now been removed from the revised presentation.
CORPORATE SUMMARY
- ASX listed international energy explorer (ASX:ADX)
- Headquartered in Perth, Western Australia
- Operations offices in Vienna, Austria and Tunis, Tunisia
- 24% interest in Riedel Resources. (ASX listed Gold and Base metal explorer, ASX:RIE)
Corporate Strategy
- Early entry to high impact exploration opportunities in proven oil and gas basins where management has track record.
- Commercialisation of existing discoveries.
Operating Strategy
- Maintain operatorship through the exploration - appraisal phase of the asset cycle.
Funding Strategy
- Fund drilling via farmouts, retain large interests in material prospects with potential to deliver exceptional shareholder returns.
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ADX-678380.pdf
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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