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ADX Spuds Lambouka-1 Well Offshore Tunisia

Source: www.gulfoilandgas.com 7/12/2010, Location: Africa

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ADX Energy Ltd is pleased to announce that on the 11th of July 2010 at 11.40 am GMT the Atwood Southern Cross semisubmersible drilling rig spudded the Lambouka-1 well in the ADX operated Kerkouane license in the Sicily Channel area offshore Tunisia.

Current operations are drilling a 36 inch surface hole to casing depth, following which 30 inch conductor casing will be run and cemented. It is estimated that well operations have been delayed by approximately 3 days due to problems with the running and setting of anchors for the drilling rig prior to commencing well operations.

Future Reporting;
Routine drilling operations reports will be lodged with the ASX by the company on Tuesday of each week. Additional non routine reports will be provided when well relevant drilling and evaluation results become available. This report will constitute “Lambouka Drilling Operations Report No 1”.

Participants in the Lambouka -1 well are as follows
ADX (note 2) 30% Operator
Gulfsands Petroleum Plc 30%
Carnavale Resources Ltd 20%
Bombora Energy Limited 10%
PharmAust Limited 10%

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