Contact Us +61 2 9392 8010

ADX Energy Ltd

ADX Energy has three potential company‐transforming assets, in the appraisal and pre‐development phase in Italy, Romania & Tunisia. All appear technically and economically feasible and are third party verified. ADX faces financial constraints and a key objective this year was to secure funds for drilling and in recent months has done so in respect of Romania & Italy. If imminent farm‐out in Tunisia is successful, then ADX will have a three well drilling program in 2019, which should materially support its development plans, and catalyze the share price.

Key points:

  • Contingent resource of 163 MMboe across the asset base.
  • Two well appraisal program in Romania.
  • Secured farm‐in partner for Nilde oil re‐development offshore Italy, which should help secure tenure.
  • Appraisal drilling offshore Tunisia, farm‐out underway.

ADX’s assets are at various stages of maturity.

  • Appraisal onshore Romania has attracted funds from a UK E&P Reabold Resource and will initiate drilling in 2019. Valuation outcomes are meaningful to ADX, scale‐able and offer the promise of rapid cash returns.
  • Committed drilling offshore Tunisia at Dougga is appraisal of a discovered resource, and if successful could trigger a large gas project. This is a complex project and farm‐out ahead of drilling is pivotal.
  • Development: The Nilde project offshore Italy is a known field and offers the greatest absolute upside but tenure is not certain. If the license is ratified by Italian authorities, it would be a major catalyst for ADX.

Download the report for more information...


Download the latest reports

Have you already registered?

If you have not registered with us before please click here.

Request Access

Please provide some information to be able to view these reports.

Details:
Interests:

Gain Access

 

More details about ADX Energy Ltd

Official website: http://adx-energy.com/en/home.php

ASX on Hotcooper: http://hotcopper.com.au/asx/ADX

Markets: Gas, Oil