ADX Energy acquires natural gas production license in western Romania

Australian ADX Energy bought the production licence for gaz from Amromco in Iecea Mare area in Parta (Timis district) perimeter. ADX Energy already owns 50 percent of Parta hydrocarbon concession. ADX Energy will pay EUR 30,000 plus a 5 percent royalty to Amromco for the natural gas that can be extracted from Iecea Mare. The perimeter covers 4.7 kilometers and its permit expires in ...

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