ADX Energy operates the Parta exploration permit and Iecea Mare production permit in Western Romania via its 49.2% equity interest in Danube Petroleum Limited. The area has good access to infrastructure and strong gas pricing resulting from rising local demand.
Romania is an excellent investment destination with a long history of oil and gas production, a rapidly growing economy with a highly skilled work force in combination with an established and predictable regulatory framework and favourable fiscal terms.
ADX has boots on the ground in Romania as well as both exploration and production operatorship credentials.
