ASX Release

3 March 2015

ADX RECEIVES FUNDS FROM GULFSANDS SETTLEMENT

In accordance with the settlement reached between ADX Energy Ltd (ASX:ADX) and Gulfsands Petroleum plc ("GPX") which was previously notified to the market on 4 February 2015 and on 12 February 2015, GPX has completed the final payment of US$ 254,648 to ADX.

For further details please contact: Wolfgang Zimmer Ian Tchacos Managing Director Chairman +61 (08) 9226 2822 +61 (08) 9226 2822 www.adxenergy.com.au
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