Project Profile

Location: Southern Pannonian basin
Area: 1,200 sq km
Prospective Resources: 47 million barrels of oil and 300 billion cubic feet of gas (unrisked)

The Parta permit is located in Romania’s southern Pannonian basin and ADX has identified 11 leads. ADX and its Area of Mutual Interest (AMI) partners (ASX listed Caspian Oil & Gas Limited (20%) and Sibinga Petroleum Limited (20%)) participated in the 10th bidding round in 2010 and submitted bids for blocks in the Romanian Pannonian Basin.

The work programme includes 300 km of seismic re-processing, 160 km of 2-D seismic, 150 sq km of 3-D seismic and 2 exploration wells.


Operators:

ADX Energy: Operator with 50% interest

Rohoel aufsuchungs gesellschaft: 50% interest


Contractors:

SC Prospectuini: Shoot 2-D and 3-D seismic survey