ADX Energy signs agreement with NAMR for Romanian exploration block

ADX Energy Ltd, an Australian-based oil and gas exploration company, has signed the concession agreement with Agentia Nationala Pentru Resurse Minerale, or NAMR, for the exploration block EX-10 PARTA in Romania. 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. ADX is the operator and holds a 60% ...

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