ADX Energy Provides Romania Exploration Update

Source Press Release
Company ADX Energy Ltd 
Tags Exploration, Upstream Activities, Upstream
Date October 02, 2014

ADX Energy has provided an update on seismic operations and the geotechnical assessment of the  Parta permit in Western Romania. ADX holds a 50% interest in the licence and is the operator of the Parta permit.

As reported earlier ADX has completed 90km 2D seismic within the Parta block and intends to acquire a further 110km following the finalisation of landowner access agreements. ADX and its partner also intends to acquire an additional 200km2 of 3D seismic to delineate further exploration prospects. Based on 2D seismic data acquired to date and recent mapping work ADX has identified three exploration prospects. These prospects are deemed to be drill-ready based on the technical de-risking provided by seismic which has increased the chance of success and the attractive economics which would underpin a discovery.

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