121 OIL & GAS CONFERENCE

30 OCTOBER 2017, LONDON

ADX ASSETS & STRATEGY

"A PIVOTAL PERIOD AHEAD"

A European focused appraisal and development company By Ian Tchacos

www.adxenergy.com

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DISCLAIMER

This document has been prepared by ADX Energy Ltd for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by ADX Energy Ltd or its directors, agents and employees. Except as required by law, and only to the extent so required, directors, agents and employees of ADX Energy Ltd shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document. This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may or may not prove to be correct. ADX Energy Ltd recommends that potential investors consult their professional advisor/s as an investment in the company is considered to be speculative in nature.

CONTINGENT RESOURCES & DEFINITIONS

Tunisia: Refer to ASX announcements 26/9/2012 (contingent) and 6/9/2013 (prospective). Italy: Refer to ASX announcements 17/2/2016 & 14/2/2017 (contingent) and 21/4/2016 (prospective). Romania: Refer to ASX announcement 8/8/2017 (contingent and prospective). ADX confirms that it is not aware of any new information or data that affects the information included in those market announcements and that all the material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

Contingent Resources: those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations but, for which the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies.

1C, 2C, 3C Estimates: in a probabilistic resource size distribution these are the P90 (90% probability), P50, and P10, respectively, for individual opportunities. Totals are by arithmetic summation as recommended under PRMS guidelines. This results in a conservative low case total and optimistic high case total.

Persons compiling information about Hydrocarbons.

Pursuant to the requirements of the ASX Listing Rules 5.41 and 5.42, the technical and resource information contained in this presentation has been reviewed by Paul Fink, Technical Director of ADX Energy Limited. Mr. Fink is a qualified geophysicist with 23 years of technical, commercial and management experience in exploration for, appraisal and development of oil and gas resources. Mr. Fink has reviewed the results, procedures and data contained in this presentation and considers the resource estimates to be fairly represented. Mr. Fink has consented to the inclusion of this information in the form and context in which it appears. Mr. Fink is a member of the EAGE (European Association of Geoscientists & Engineers) and FIDIC (Federation of Consulting Engineers).

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CORPORATE OVERVIEW

A EUROPEAN FOCUSED APPRAISAL AND DEVELOPMENT COMPANY

Assets Across Mediterranean and Central Europe

Capital Structure

  • Operated Assets @ 100% Equity

ASX Code ADX

  • Material Contingent Resources

    • 200 million barrels 2C Total

      Shares on Issue 1098 million

      No of Shareholders 2,545

      • 3 transformational appraisal and development assets

      • Targeting appraisal in 2018

      • Rich near field exploration portfolio

      Market Cap @ 1.4cents $15.4 million

      Cash at 30 Sept 2017 A$ 2.4 million

      Up date from ResourceInvest

  • Multiple funding pathways suits current investment climate

  • Enabling partnerships expanding financial and technical capability

US $ 0.05 per barrel

  • Our Goal is to Convert a Material Contingent Resource to Reserves in the next 18 months

Source: Resource Invest 3

APPRAISAL & DEVELOPMENT PORTFOLIO

- OFFSHORE MEDITERRANEAN AND ONSHORE ROMANIA

Nilde Development Concept

Carpinis Gas Plant

Parta Gas ReDrill Project

33BCF 2C Potential close to infrastructure

Nilde Oil Redevelopment

33 MMBBLS (2C)

Contingent Resource

Dougga Gas Condensate Project

173 MMBOE 2C

Contingent Resource

Dougga Development Concept

ADX Energy Ltd. published this content on 30 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 October 2017 01:52:02 UTC.

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