Investor Presentation
Perth, Feb 25, 2016 AEST (ABN Newswire) - ADX Energy Limited (
ASX:ADX) (ADXRF:OTCMKTS) announce an Investor Presentation.
STRATEGIC DIRECTION - Current Assets
Commercialisation of the Nilde Field Area Resources - Italy Sicily Channel
- Tangible low risk resource with proven production performance and substantial 1C resource (20 MMBBLS) that can be converted to reserves at low cost
- Excellent reservoir productivity, moderate water depths, shallow drill depths and low fiscal take yield excellent economics (low break even oil price)
- Good candidate for industry funding -oil traders, FPSO contractors
Explore Parta Permit with Industry Funding - Onshore Romania
- Prolific yet under explored oil and gas province -yet to see 3 D seismic
- Large area of low risk, low cost exploration with excellent infrastructure and strong gas pricing
- Poised for 3 D seismic due to permitting success by ADX
- Strong farmininterest due to success in adjacent areas
- Excellent opportunity to secure low cost production with development of balance sheet
Retain Offshore Tunisian Strategic Option - Offshore Sicily Channel
- Retain large contingent and prospective resource position in Kerkouanepermit
- Seeking farmoutfor seismic option or extension of permit
"A viable strategy in current environment with large value leverage"
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ADX-753931.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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