Nilde Oil Redevelopment Project Operating Approvals Update

ADX Energy Ltd advises that pursuant to its application to operate via its subsidiary Audax Srl (Audax) in the d 363 C.R-.AX Permit (Permit) which contains the Nilde Redevelopment Project, the designated Italian Regulatory Authorities (Authority) have advised ADX that in the opinion of the Authority ADX has insufficient financial capability to fulfil its Permit commitments.

ADX Secures US $2m Investment for Romanian Appraisal Program

ADX Energy Ltd is pleased to announce it has signed an agreement with Reabold Resources Plc (LSE AIM:RBD) (Reabold) to invest US$ 2 million in the recently incorporated Danube Petroleum Limited (Danube), currently a wholly owned ADX subsidiary, which (upon completion of transfers) will hold ADX’ 50% interest in the Parta exploration license (“Parta”), and 100% participating interest in the upcoming Parta Appraisal Program.

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