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ADX Commences Rig Mobilization for Lambouka-1 Well

Source: www.gulfoilandgas.com 6/17/2010, Location: Africa

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ADX Energy Ltd is pleased to announce that it has commenced the mobilisation of the Atwood Southern Cross semi submersible drilling rig to the Lambouka-1 location on the Kerkouane exploration license offshore Tunisia. Whilst the exact duration of the rig tow is weather dependant, it is estimated that the drilling rig will arrive on location within 12 to 15 days from today.

The mobilization of the drilling spread onto the Kerkouane exploration license, including the Southern Cross semi submersible drilling rig and all towing and supply vessels, required the recently acquired approval of the respective Tunisian Naval authority (Commission Consultative des Activities Maritimes) for maritime operations. ADX is operator for the Lambouka -1 well.

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