Parta Appraisal Operations Commencement
Parta Appraisal Operations Commencement Iecea Mica 1 Well Spud Date firming up for late June 2019
Parta Appraisal Operations Commencement(amended)
On 20 March 2019, ADX Energy Ltd advised that it has received all key statutory and landowner approvals required to spud the Iecea Mica 1 or (“IM1”) appraisal well in late June 2019.
Release of Shares from Voluntary Escrow
In accordance with ASX Listing Rule 3.10A, ADX Energy Ltd (‘ADX’) advises that 4,380,018 ordinary shares (Escrowed Shares) will be released from voluntary escrow on 16 March 2019.
New Italian Government Review Bill for E&P Activities
ADX Energy Ltd advises that the Italian Senate has passed a Bill to suspend exploration activities in permits that have been approved or are in the process of being approved for a period of up to 18 months to enable the government authorities to evaluate the suitability of exploration areas for sustainable hydrocarbon exploration and production activities (“The Plan”).
Italian Government Review Bill for E&P Activities
ADX Energy Ltd advises that further to its ASX release on the 4th of February 2019, the Italian Parliament has approved the Bill to suspend oil and gas operations for 18 months to enable the government authorities to evaluate the suitability of exploration areas for sustainable hydrocarbon exploration and production activities.
Quarterly Activities Report December 2018
Secured farmout to fund ADX up to a maximum of Euro 20.82 million by funding Drilling and Seismic Work Programs to earn a 50% Interest and a 5% Net Profits Royalty
Quarterly Cashflow Report December 2018
Mining exploration entity and oil and gas exploration entity quarterly report
Funding Options for Parta Appraisal Drilling Romania
ADX Energy Ltd is pleased to announce that Reabold Resources Plc (LSE AIM:RBD) and ADX have agreed to a number of funding options for Danube Petroleum Limited (“Danube”) in order to provide funding certainty for future appraisal drilling operations.
Appendix 3B Placement
New issue announcement, application for quotation of additional securities and agreement
Parta Appraisal Drilling Funding Onshore Romania
ADX Energy Ltd is pleased to announce that Reabold Resources Plc (LSE AIM:RBD) has agreed to exercise its option to subscribe for 375,940 ordinary fully paid shares in the capital of Danube Petroleum Limited (“Danube”) note 1 by paying £375,940 to Danube pursuant to the subscription agreement date 1 December 2017 (“Subscription Agreement”).