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ADX Energy Granted Offshore Exploration Permit in Italy

By Joel ScanlonJul 19 2011

ADX Energy has announced the completion of the award process for the marine exploration permit license d 364 C.R-.AX in Italy. The nearby exploration permit d 363 C.R-.AX is under claim by ADX.

The permit awarded to ADX is contiguous to the company’s offshore Tunisian Kerkouane permit that includes the Lambouka gas exploration and the Dougga gas condensate discovery.

The previous research work within the Kerkouane and Pantelleria permits has discovered many leads and prospects, and prospective hydrocarbon fairways that remained hidden in the previous exploration work. This explanation has been confirmed by the recent geophysical data. These prospective fairways drift into the marine area shielded by the new exploration permit. The new permit has not observed modern seismic techniques, however, achievement in the area has intrigued the recent attention of majors including Repsol and Shell.

The combination of high probability and first-rate financial terms in Italy defines the ongoing strategy of ADX on areas that offer valid materiality, prospectivity and possibility for rapid commercialization. ADX, the operator of the permit, has a 100% interest.

Source:

http://www.adxenergy.com.au/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, February 18). ADX Energy Granted Offshore Exploration Permit in Italy. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=4518.
MLA
Scanlon, Joel. "ADX Energy Granted Offshore Exploration Permit in Italy". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=4518>.
Chicago
Scanlon, Joel. "ADX Energy Granted Offshore Exploration Permit in Italy". AZoMining. https://www.azomining.com/News.aspx?newsID=4518. (accessed November 22, 2024).
Harvard
Scanlon, Joel. 2019. ADX Energy Granted Offshore Exploration Permit in Italy. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=4518.