Nov 13 - ADX Romania Seismic Acquisition Re-Started

Source Press Release
Company ADX Energy Ltd 
Tags Exploration, Upstream Activities
Date November 04, 2013

ADX Energy Ltd is pleased to report the commencement of the second phase of a 190 km 2D and 200 km2 3D seismic program in the EX 10, Parta license (“Parta Permit”) onshore Romania.

Subject to weather conditions the seismic program is expected to be completed before year end.

The committed work program for the Parta Permit requires the acquisition of 2D and 3D seismic and the drilling of two exploration wells before May 2015. ADX holds a 50% interest in the license and is the operator.

Earlier in the year approximately 90 km of 2D seismic data of excellent quality had been acquired and data processing completed.

Special processing of the data has shown distinct AVO related amplitude anomalies at depths of around 1000 meters within sandstone reservoirs which are most likely related to gas.

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