ADX Energy acquires production license in Romania

Australian oil and gas exploration group ADX Energy has said it agreed to acquire a 100% equity interest in the Iecea Mare Production license onshore Romania from local company Amromco Energy. Under the terms of the agreement, the Australian company's Romanian subsidiary ADX Panonia will pay 30,000 euro ($35,500) and a 5% royalty for production from wells located within Iecea Mare license, ADX Energy said in a filing with the Australian Stock ...

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