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ADX Energy Provides Update on Sidi Dhaher-1 Well Test

Source: www.gulfoilandgas.com 5/22/2012, Location: Africa

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ADX Energy Limited provides the following operational update on the well test of its Sidi Dhaher-1 oil discovery, Chorbane licence, onshore Tunisia. ADX has also completed the mobilisation of the drilling rig to the Sidi Dhaher -1 well location. Final preparations for the testing operations are underway on site. ADX will continue to provide updates on operational milestones as they occur.

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

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