ADX Energy Gets 30-Month Extension on Romanian EX-10 Parta Permit

Junior oil and gas exploration company ADX Energy announced Friday that it has signed a 30 month extension agreement with Agentia Nationala Pentru Resurse Minerale (NAMR) for the exploration of the EX-10 Parta permit, onshore Romania.

The extension will allow ADX to complete its seismic and drilling programs in the area and will enable the company to resume farmout discussions on the permit. Based on 2D seismic data acquired to date, ADX has identified several leads and three drill-ready exploration prospects within EX-10 Parta.

The Parta permit covers an area of 471 square miles and is located in the southern Pannonian basin area of western Romania. This prospective block contains seven excised oil and gas fields and is considered underexplored.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)


Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
 
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours