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Distributed: July 5, 2010

ADX Energy Limited (ASX:ADX) Awarded Exploration Block In Romania

WWW:www.adxenergy.com.au
(ABN) Company Overview

ADX Energy Limited (ASX:ADX)

ADX Energy Limited (ASX:ADX) Awarded Exploration Block In Romania

Perth, July 5, 2010 (ABN Newswire) - ADX Energy Limited (

ASX:ADX) (

PINK:ADXRF) is pleased to announce that it has been awarded exploration block EX-10 PARTA in Romania.

ADX and its Area of Mutual Interest ("AMI") partners [ASX listed Caspian Oil & Gas Limited (

ASX:CIG) and Sibinga Petroleum Limited] have participated in the 10th bidding round and submitted bids for four blocks in the Romanian Pannonian Basin. ADX is the operator and holds 60% interest in the AMI and in the awarded block.

The PARTA block has an area of 1,221sqkm and is located in the southern Pannonian basin area of Romania near the town of Timisoara. This prospective block covers 7 producing oil and gas fields and is still considered underexplored based on seismically identified prospectivity.

ADX on behalf of its partners will soon enter into negotiations with the National Agency for Minerals and Resources ("NAMR") to discuss and finalise the terms of the royalty based exploration agreement.

The award of this exploration license in a competitively contested bidding round, represents an important achievement in line with ADX's ongoing strategy of focusing its resources on core areas which offer proven prospectivity, materiality and potential for rapid commercialisation.

About ADX Energy Limited

The company's strategy is two pronged; grow the European and North African oil and gas business in order to expose shareholders to the lucrative European energy market and to promote it's existing Australian energy, gold and base metal portfolio to capitalise on the current high commodity price environment.

ADX was incorporated in 1987 in order to explore for gold and base metals in Western Australia. The company has recently diversified from its initial minerals focus to include oil and gas exploration. To that effect ADX farmed in PEL 182 into the South Australian portion of the Cooper Basin in 2005.

ADX appointed Wolfgang Zimmer, an oil and gas industry professional with over 27 years experience, as Managing Director in late 2007 to grow the company’s oil and gas business. Subsequent director and staff appointments and the establishment of a European office have boosted the depth of oil and gas experience in the company and allowed the company to expand its oil and gas activities.

Currently ADX operates permits onshore and offshore Tunisia, offshore Italy and onshore Australia and holds an interest in a non operated block in onshore Romania.

ADX is also a participant and operator of a number of AMI's (Area/s of Mutual Interest) that enable it and its partners to efficiently act upon business opportunities.

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