ADX Increases Hedged Oil Volumes from Austrian Production

ADX has contracted additional hedging of 25% of Gaiselberg and Zistersdorf fields forecastproven (1P) oil production over a 9-month period increasing hedged production to 65%.
The hedging counterparty for this transaction as well as the previous hedging is BP.
The hedging agreement is a put and collar structure that guarantees a minimum Brent price of US$30 per barrel for 25% 1P production while retaining pricing upside up to US$ 44 perbarrel and any further upside in Brent price above US$ 59 per barrel.

ADX Energy Ltd Investor Update

This document has been prepared by ADX Energy Ltd for the purpose of providing information to interested analysts/investors and shareholders.

Oil Price Hedging to Secure Austrian Cash Flow

ADX Energy Ltd, is pleased to advise that it has executed agreements with BP to hedge the equivalent of 40% of ADX VIE GmbH (ADX wholly owned Austrian subsidiary) (ADX VIE) proven oil production profile for a period of 10 months.

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