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ADX Energy

Description

ADX Energy Ltd (ADX) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe, together with gold and base metal interests in Australia held via its stake in ASX listed Riedel Resources (RIE).

The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).

History
Incorporated in 1987 and formerly known as AuDAX Resources Ltd, the company diversified from its initial minerals focus in 2009 to include oil and gas exploration. In 2005 the company made a bold move from gold explorer into oil and gas exploration and by 2007 became fully established in the oil and gas sector.

The geographic focus for the company’s energy appraisal and exploration activities is onshore Tunisia, offshore Tunisia, offshore Italy and Romania where there is access to good infrastructure, strong energy markets, stable governments and attractive fiscal terms.

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