Austrian Production Asset Acquisition Completed

ADX Energy Ltd, is pleased to advise that the transaction announced on the 2 July 2019 for the acquisition of the Zistersdorf and Gaiselberg oil and gas fields located onshore in the Vienna Basin, Austria (Production Assets) as well as agreements for exploration data and access arrangements to RAG’s production infrastructure in Upper Austria has been completed on the 2 December 2019.

Funding for Romanian Appraisal and Development

ADX Energy Ltd, is pleased to announce that Reabold Resources Plc (LSE AIM:RBD) and ADX have agreed to funding contributions by exercising the subscription of options for Danube Petroleum Limited (“Danube”) share capital.

Share Purchase Plan Raises $797,000

The Company accepted applications from Eligible Shareholders subscribing for 67,900,000 Shares totalling $679,000. In addition, the Company has received additional applications under the Shortfall Offer for 11,801,800 Shares, totalling $118,018.

Final Govt Approval Received for Austrian Prodn Asset

ADX Energy Ltd, is pleased to advise that it is has received the final government approvals from the “Bundesministerium für Nachhaltigkeit und Tourismus” (BMNT) required for the transfer of RAG Production Assets to ADX pursuant to binding agreements with RAG Exploration & Production GmbH (RAG).

Austrian Production Asset Acquisition Completion Update

ADX Energy Ltd, is pleased to advise that it is nearing the completion date for the acquisition of the Zistersdorf and Gaiselberg oil and gas fields located onshore in the Vienna Basin, Austria (RAG Production Assets) as well as agreements for exploration data and access arrangements from RAG Austria AG (RAG) to RAG’s production infrastructure in Upper Austria, as announced on the 2nd of July 2019.

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