ADX Energy Limited (ASX:ADX) Commences Rig Mobilisation For Lambouka-1 Well
Perth, June 17, 2010 AEST (ABN Newswire) - ADX Energy Ltd (
ASX:ADX) (PINK:ADXRF) is pleased to announce that it has commenced the mobilisation of the Atwood Southern Cross semi submersible drilling rig to the Lambouka-1 location on the Kerkouane exploration license offshore Tunisia. Whilst the exact duration of the rig tow is weather dependant, it is estimated that the drilling rig will arrive on location within 12 to 15 days from today.
The mobilisation of the drilling spread onto the Kerkouane exploration license, including the Southern Cross semi submersible drilling rig and all towing and supply vessels, required the recently acquired approval of the respective Tunisian Naval authority (Commission Consultative des Activities Maritimes) for maritime operations. ADX is operator for the Lambouka -1 well.
About ADX Energy Limited
ADX Energy Limited's (
ASX:ADX) (OTCMKTS:ADXRF) is an Australian Stock Exchange (ASX) listed International Energy Explorer which is soon to become a Producer. The Company's Geographical focus is Onshore Europe and Offshore Mediterranean with a portfolio consisting of recently acquired Production as well as Appraisal, Development and Exploration Assets. ADX's interests are located in Romania, Italy, Tunisia and most recently Austria. The Company's immediate focus is on low cost, low risk, profitable resource commercialisation opportunities onshore and higher cost higher reward offshore projects in the longer term. The Company is headquartered in Perth, Western Australia with additional operating offices in Bucharest (Romania) and soon to be Vienna (Austria). The Company also has representative offices in Italy and Tunisia.
ADX Energy's vision is to establish a stable cash producing platform onshore Europe and develop a number of rapid resource to reserves opportunities as well as low risk exploration potential with access to infrastructure in favourable fiscal and operating environments.
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