Quarterly Activities Report March 2019

ADX has concentrated its efforts during the quarter on achieving operational readiness for the Iecea Mica 1 appraisal well onshore Romania, securing a farmout for the Parta Exploration Permit, ongoing financing and farmout discussions for Dougga Sud appraisal well and complimentary new ventures opportunities onshore Europe.

US$1.5 Million Farm in Funding for Parta Licence

US$1.5 Million Farm-in Funding for Parta License Binding Heads of Agreement to fund US$1.5million of 3D Seismic to earn a 50% interest in the Parta Exploration License excluding the Parta Appraisal Program Area

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