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ADX Provides Sidi Dhaher-1 Well Test Update

Source: www.gulfoilandgas.com 6/7/2012, Location: Africa

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ADX Energy Limited provides the following update on the testing of the Sidi Dhaher-1 oil discovery, in the Chorbane licence, onshore Tunisia. The down hole test string assembly has been successfully run in to the hole to a total depth of approximately 1180 meters and pressure tested. To ensure the perforating guns are positioned correctly over the oil bearing intervals to be tested an electric wireline gamma ray log is being run.

Once the drill pipe conveyed perforating guns are correctly positioned over the reservoir intervals to be tested the perforating guns will be fired and the well will be in direct communication with the oil bearing reservoir. The well test will then commence and the operator will attempt to flow the well without acid stimulation or artificial lift. 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%
Verus Investments Limited 10%

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