ADX seeking new farm-in for Romania asset

ADX Energy has bought back the interests of Caspian Oil & Gas and Sibinga Petroleum in the Parta block in Romania as it seeks a better farm-out deal.

Both Caspian and Sibinga had a 20% stake in the block but ADX will now hold a 100% interest in the block after paying out Caspian and Sibinga for past joint venture contributions.