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ADX Energy Provides Sidi Dhaher Preparation Update

Source: www.gulfoilandgas.com 7/14/2011, Location: Africa

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ADX Energy Ltd is pleased to announce that the Rig-up operations are nearing completion and inspection of rig and equipment has commenced. Once the inspection is completed to ADXs satisfaction and the rig is operational, ADX will be in a position to accept the rig and related equipment and then commence drilling the Sidi Dhaher exploration well.

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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