AuDAX Resources Limited (ASX:ADX) Commencing Offshore 3D Seismic, Tunisia
Perth, Mar 22, 2010 AEST (ABN Newswire) - AuDAX Resources Ltd (
ASX:ADX) (PINK:ADXRF) is pleased to announce that the 3D seismic acquisition of approximately 640 km2 utilising PGS' leading edge proprietary Geostreamer Technology in the Sicily channel offshore Tunisia is expected to commence Tuesday 23rd March with the Atlantic Explorer vessel. The survey will cover a number of prospects including the Lambouka Prospect previously named Sambuca prospect which is scheduled for drilling in Q2 to Q3 2010 and the Dougga gas condensate field.
The Atlantic Explorer is expected in the central Tunisian port of Sfax on early Monday morning. After crew change and start up meeting with the AuDAX QC representatives on board the Atlantic Explorer, the vessel will leave port late Monday evening.
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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