Perth, Australia (ABN Newswire) - ADX Energy Limited (ASX:ADX) (OTCMKTS:ADXRF) Annual General Meeting Presentation with outlining commercialisation of existing discoveries in the company portfolio, early entry to high impact exploration opportunities in proven oil and gas basins and a focus on areas where management has experience, relationships and track record.

Company Highlights:

- Secured funding via farm-outs and operated the drilling of the Lambouka discovery well - the first deep water well offshore Tunisia. 2010

- Awarded the Parta exploration permit in Pannonian basin in Romania and farmed out 50% of the block for US$ 3.5 million. 2011

- Divested a 30% interest in the Chorbane onshore exploration permit in Tunisia for US$ 1.5 million. Finalised in 2015

- Secured a 100% interest and program extension to August 2016 in the Kerkouane offshore permit in Tunisia which includes the Dougga gas discovery. 2014

- Recently awarded at 100% the 364 C.R-AX license offshore in Italy containing an existing oil field and is on trend with ADX' Kerkouane acreage. 2014

- Poised for additional transformational transactions in the near term

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ADX-720668.pdf



About ADX Energy Limited:

ADX Energy Limited's (ASX:ADX) (OTCMKTS:ADXRF) strategy is two pronged; grow the European and North African oil and gas business in order to expose shareholders to the lucrative European energy market and to promote it's existing Australian energy, gold and base metal portfolio to capitalise on the current high commodity price environment.

ADX was incorporated in 1987 in order to explore for gold and base metals in Western Australia. The company has recently diversified from its initial minerals focus to include oil and gas exploration. To that effect ADX farmed in PEL 182 into the South Australian portion of the Cooper Basin in 2005.

ADX appointed Wolfgang Zimmer, an oil and gas industry professional with over 27 years experience, as Managing Director in late 2007 to grow the company’s oil and gas business. Subsequent director and staff appointments and the establishment of a European office have boosted the depth of oil and gas experience in the company and allowed the company to expand its oil and gas activities.

Currently ADX operates permits onshore and offshore Tunisia, offshore Italy and onshore Australia and holds an interest in a non operated block in onshore Romania.

ADX is also a participant and operator of a number of AMI's (Area/s of Mutual Interest) that enable it and its partners to efficiently act upon business opportunities.



Source:

ADX Energy Limited



Contact:

ADX Energy Limited
T: +61-8-9381-4266
F: +61-8-9381-4766
E: admin@adxenergy.com.au
WWW: www.adxenergy.com.au