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ADX Energy Provides Sidi Dhaher Preparation Update

Source: www.gulfoilandgas.com 6/28/2011, Location: Africa

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ADX Energy Ltd is pleased to announce that the mobilization of camp and rig equipment for the Sidi Dhaher exploration well has been without incidents. Road clearance, traffic control and road safety measures have been provided by the Tunisian authorities. All rig components have arrived on location and several camp loads are still to be moved. 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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