ADX Energy Provide Romanian Update Seismic Processing Confirms New Prospect

August 28, 2013

ADX Energy Ltd (ASX:ADX) is pleased to report that special processing of its first phase 2D seismic acquisition has revealed a distinctive AVO (gas) anomaly in the Parta permit.

Earlier in the year ADX acquired and completed processing of approximately 90 km of 2D seismic data which is of excellent quality. Subsequent special processing of the high resolution data has shown distinct AVO related amplitude anomalies at depths of approximately 1000 meters within sandstone reservoirs which are interpreted to be most likely related to gas.

An example of such gas related anomaly above a deeper oil prospect isshown above. ADX will acquire additional 2D seismic in order to further delineate the feature. ADX also expects that the additional data will further confirm and de‐risk the relatively large structure with the associated AVO gas anomaly which is overlying a significantly large structure that is interpreted as potentially oil bearing.

Preparations for drilling of this prospect and others could start by mid October.

Another example of a mapped oil prospect with a possible overlying gas field is shown in Figure 2. Based on the encouraging results seen on the previously discussed seismic line, this seismic line will now also undergo special AVO processing.

The seismic results to date have confirmed ADX´s strategy to enter proven hydrocarbon provinces utilizing modern seismic technology in order to identify overlooked conventional oil and gas fields and potential stratigraphic traps. ADX has no intention to use unconventional methods such as shale gas exploration in Romania.

Source: ADX Energy, 2013.