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ADX Go Ahead for Sidi Dhaher Well

Source: www.gulfoilandgas.com 6/9/2011, Location: Africa

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ADX Energy Ltd is pleased to announce that the Tunisian Authorities have agreed a schedule of supervision designed to ensure safe rig mobilization and efficient drilling operations for the Sidi Dhaher exploration well.

ADX anticipates that road clearance; traffic control and road safety measures to be provided by the Tunisian authorities will allow rig mobilization to commence on the 20th of June. Once mobilization is completed, rig up and equipment testing will start immediately in order to enable drilling operations to commence as soon as possible. ADX expects that drilling could start early July.

The Sidi Dhaher prospect is located in the 2,428km2 large Chorbane Exploration Permit onshore central Tunisia near the port city of Sfax. It is surrounded by several producing oil fields and extensive oil and gas infrastructure.

Participant interests in the Sidi Dhaher -1 well will be as follows:
ADX Energy Ltd 40% Operator
Gulfsands Petroleum Plc 40%
XState Resources Ltd 10%
Verus Investments Limited 10%

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