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ADX Provides Operational Updates on Lambouka-1 Well

Source: www.gulfoilandgas.com 8/10/2010, Location: Africa

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ADX Enegy has provided an update on the Lambouka-1 well being drilled to test the Lambouka Prospect, a large 70 sq km area tilted fault block located in the Kerkouane permit, offshore Sicily Channel.

Activities during past week
The 16” hole section was successfully drilled to a total depth of 1,476 meters MD. This section of the well was deepened from the originally planned 1341m in order to set casing in a competent shale formation thereby ensuring the integrity of the cement job on the 13 3/8” casing. Preparations to run the 13 3/8” casing commenced.

The presence of the above mentioned shale formation is a positive indication, as it is also required to provide a trapping mechanism for any potential hydrocarbons which may be present in the Birsa Sandstones, which are expected to be encountered below the shale.

Weekly Operations Forecast:
Forecast operations during the coming week are as follows:
-Set and cement 13 3/8” casing
-Drill 12-1/4” hole to predicted base of Birsa Sandstone

Participants in the Lambouka -1 well are as follows: ADX 30% Operator; Gulfsands Petroleum 30%; Carnavale Resources 20%; XState Resources 10%; PharmAust 10%

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