Quarterly Activities Report September 2019

ADX has made significant progress during the quarter to further implement its strategy to transform from an opportunity driven explorer into a strategically focused production and exploration company

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.

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.

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 Activities Report September 2018

The Italian Licensing Authority continues in insisting that ADX and its Italian Subsidiary requires further financial support in order to secure ratification to operate the Permit

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