ADX ENERGY PLANS TO DRILL EXPLORATION WELLS, NEXT YEAR, IN PARTA (TIMIS COUNTY)

Australian oil company ADX Energy announced that based on 2D seismic data acquired to date and recent mapping work it has identified three exploration prospects in Parta, Timis County, in Western Romania. ADX holds a 50% interest in the license and is the operator of the Parta permit. These prospects are deemed to be drill?ready based on the technical de?risking provided by seismic which has increased the chance of success and the attractive economics ...

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