As at 4/11/2013 | Chart
ADX Energy Ltd (ADX) is an ASX listed oil and gas exploration and appraisal company based in Perth, Western Australia with additional offices in Vienna, Austria and Tunis in Tunisia. Incorporated in 1987 and formerly known as AuDAX Resources Ltd, the company diversified from its initial minerals focus in 2009 to include oil and gas exploration. In 2005 the company made a bold move from gold explorer into oil and gas exploration and by 2007 became fully established in the oil and gas sector.
During 2007, Dr Wolfgang Zimmer was appointed as Managing Director for his extensive North African and European experience to acquire additional oil and gas opportunities. Early in 2010 Ian Tchacos joined the company as Chairman bringing with him 25 years of oil and gas expertise. These two senior appointments have provided significant knowledge, experience and opportunity for growth to ADX at a time of substantial exploration activity.
ADX has now placed itself in a strong position by securing highly prospective appraisal and exploration opportunities in areas where management has operating experience and contacts, and applying state of the art exploration techniques to enhance the likelihood of success.