sidi dhaher operational updat

ADX Energy Ltd (ASX: ADX) advises that ADX on behalf of its partners has
delayed the immediate mobilisation of the Challenger rig to spud the Sidi
Dhaher well. ADX is working with the local authorities to ensure that during the
rig move and the subsequent operational phase of the well, the safety of local
residents near the well site and along the access road is provided.
ADX would like to emphasise this short delay is not due to security concerns
with respect to our operations, but rather the company?s concern for the safety
of local rural inhabitants which prior to the revolution would have been provided,
when necessary, by local police and government officials.
This is the first well drilled in the Sidi Dhaher community in over 20 years and
consequently it has generated a lot of local interest from a spectacle and
employment opportunity aspect, which combined with the rapid transition to
greater democracy and a less autocratic government regime, has required a
more cautious approach to operations than in the past.
While this short delay is frustrating, it will not have any significant well cost
impact and is considered operationally prudent to ensure safe and efficient
operations.
The political situation in Tunisia continues to improve with the replacement of all
ministers and local governors that had association with the previous presidential
regime. As the importance of maintaining and restoring the country?s economic
base in the post revolution period is being absorbed by the interim government
and bureaucracy, there is also now a greater understanding by the designated
energy authority and local government of the importance of the need to assist
ADX and other operators to ensure the safety of local inhabitants during drilling
operations. Those local authorities are now showing a greater willingness to
provide the required assistance.
ADX anticipates that the appropriate safety measures will be provided by the
local authorities in the near future and ADX can then confidently commence
safe operations for the benefit of its partners, shareholders and local residents.
ADX will continue to provide regular updates