ABN Newswire
Perth, Australia, Sep 17, 2019 - (ABN Newswire) - ADX Energy Ltd (ASX:ADX.AX - News) (HAM:GHU.HM - News) (OTCMKTS:ADXRF - News) further to the ASX announcement made on 11 December 2018 regarding Funding Options for the Parta Appraisal Program, ADX is pleased to announce that Reabold Resources Plc (LSE:RBD.L - News) and ADX have agreed to the following immediate funding contributions and future funding options for Danube Petroleum Limited ("Danube"). The immediate funding contribution is for the suspension and preparation for well testing of the Iecea Mica-1 appraisal well (including purchase of long lead items, planning and services contracting), the approvals and planning work for the Iecea Mica-2 appraisal well, high resolution 2D seismic acquisition in the Iecea Mare production license as well as data acquisition and review of new venture gazettal opportunities onshore Romania.