EUROPE

ADX moves further into Romania

ADX Energy has executed a sales and purchase agreement for a 100% equity interest in the Iecea Mare production license from Romanian production company Amromco Energy and will pay just A$46,400 and a 5% royalty for production from wells within the license. 

ADX moves further into Romania

The license covers just 4.7sq.km and expires in November 2034 and does not hold any active oil and gas infrastructure but overlaps mapped contingent and prospective resources that will be targeted by the...

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