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ADX Provides Operational Updates on Chorbane Permit

Source: www.gulfoilandgas.com 8/15/2011, Location: Africa

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ADX Energy Ltd is pleased to provide the following update on progress for the drilling of the Sidi Dhaher well in Tunisia. After initial pressure test failures of the BOP (Blow Out Preventer) for the 13 5/8 well section, subsequent repairs have been successfully completed without major delays. The pressure tests undertaken over the weekend have been successful and the BOP is now fully compliant.

The Diverter system was also successfully installed and will be pressure tested and subsequently commissioned together with other well control pipe work. An update will be provided as soon as all final results are available in relation to the Diverter, pressure testing of well control pipe work and general rig readiness to spud.

The Tunisian authorities have also been supportive to assist ADX in community related employment issues. These issues were in most instances quickly resolved by a team of local ADX employees and delegates of the local community.

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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