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ADX Energy Ltd (ADX) is an Australian-based oil and gas exploration company. It has four oil and gas licences across Europe and North Africa, along with mineral interests in Australia. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company acquired three dimensional (3D) seismic over sicily channel permits, including Lambouka prospect and Dougga gas discovery. It also acquired 1221 square kilometers exploration permit in Pannonian basin in Romania. Dougga is located in 328 meters of water approximately 45 kilometers East of Cap Bon in the Sicily channel. The Lambouka prospect area, which consists an area of 155 square kilometers have been signed with Gulfsands Petroleum Plc to earn a 30% working interest (WI), Carnavale Resources Ltd to earn a 20% WI, Xstate Resources Ltd to earn a 10% WI and PharmAust Ltd to earn a 10% WI, resulting in a retained ADX interest in the Lambouka prospect area of 30%.
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