Quarterly Activities Report ending 30 June 2019
ADX has concentrated its efforts during the quarter on finalising preparations for the drilling of the Iecea Mica 1 appraisal well onshore Romania, securing a 2 year extension for the Parta Exploration Permit, finalising the farmout of the Parta Exploration Permit, as well as the completion of due diligence and transaction documentation for the RAG production and exploration data acquisition, onshore Austria announced on the 2nd of July 2019.
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Quarterly Activities Report ending 30 June 2019
ADX has concentrated its efforts during the quarter on finalising preparations for the drilling of the Iecea Mica 1 appraisal well onshore Romania, securing a 2 year extension for the Parta Exploration Permit, finalising the farmout of the Parta Exploration Permit, as well as the completion of due diligence and transaction documentation for the RAG production and exploration data acquisition, onshore Austria announced on the 2nd of July 2019.
Iecea Mica 1 Well Drilling Operations Update
ADX Energy Ltd, is pleased to provide this progress update in relation to operational readiness for the Iecea Mica 1 appraisal well located in the Iecea Mare production license (“Production License”), on shore Western Romania.
US$1.5million Romanian Farm in Completed
US$1.5million Romanian Farm-in Completed Farm-in Agreement executed to fund 3D Seismic acquisition in the Parta Exploration License on shore Romania.
Appendix 3B Loans
New issue announcement, application for quotation of additional securities and agreement
Finalisation of Loan Note Financing Raises A$1.2 Million
ADX Energy Ltd, is pleased to advise it has finalised Loan Note Financing Agreements (‘Loan Agreements’) which are convertible to shares in ADX to several key existing shareholders and new investors to raise A$1,205,000 of new funding. Included in this new funding is $150,000 provided equally by ADX’s Directors Ian Tchacos, Paul Fink and Robert Brown.
Appendix 3Y Change of Director’s Interest A Childs
Change of ADX Director’s Interest Notice
Investor Presentation Austrian Production & Appraisal Assets
This document has been prepared by ADX Energy Ltd for the purpose of providing information regarding the RAG production asset acquisition to interested analysts/investors and shareholders.
Austrian Oil & Gas Production Asset Acquisition
ADX Energy Ltd, is pleased to advise it has entered into binding agreements with RAG Exploration & Production GmbH (REP) on the 1st of July 2019 for the acquisition of Zistersdorf & Gaiselberg Fields located onshore in the Vienna Basin. In addition, ADX will acquire 3D and 2D seismic and geological data from RAG Austria AG (RAG; RAG Exploration Data) for yet to be licensed exploration areas covered by the data.