ADX chases Gulfsands for Tunisian sale

ADX Energy has moved to take "legal recourse" against Gulfsands Petroleum over a failure to pay the final consideration for its interest in the Tunisian Chorbane permit.

Gulfsands was scheduled to pay ADX a final amount of $US1.5 million ($A1.6 million) by August 26 for ADX's remaining interest in the permit, which it owns through its subsidiary Alpine Oil & Gas.


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