misleading and deceptive conduct, page-16

(saozzi)

It dosent matter what l think its what the market thinks .

But by the End of year if ADX as stated drill the Dougga and Lambouka wells ADX should be back to around .08/.10 cents in anticipation of these wells thats a 250%-300% rise from today

As mentioned previously there were clues to this being negative on the 18/06/2012 when dumping occured at 1.30 pm during the lunch time period .

There will also be clues when to get back in for a quick profit, ATM though the market is hammering any negetive news and this may continue during the week ,

next week Tax selling will be over and ADX may recover somewhat depending on ADX annoucements and Market Sentiment ,

longer term

Sicily Channel appraisal program

Drill Dougga gas field appraisal well Q4 2012

Test Lambouka well Q4 2012

Follow up exploration well 2013

Kerkouane Permit - Sicily Channel, offshore Tunisia and Italy.

This work will be presented to the industry at an upcoming AAPG conference in September 2012 (ICE, Singapore).

Parta License, onshore Romania.

A seismic tender for 2D and 3D was completed which will allow ADX to start seismic operations immediately after Prime Ministerial ratification of the Parta licence agreement

Offshore Tunisia and Italy - Kerkouane - Pantelleria Permit; d364 C.R-.AX permit (all ADX operated)

ADX has started a farm out campaign for its Sicily Channel acreage. A number of companies have already approached ADX with a view to participate in future drilling projects such as the Dougga appraisal well.