ADX, the operator of the Kerkouane Exploration License offshore Tunisia (Kerkouane License) and the adjacent Pantelleria Exploration Permit in Southern Italy (known as the Pantelleria Permit), has provided the following information on drilling operations on the Lambouka-1 well.

Lambouka-1 Well - Operations Update #4 - Activities during past week: Progress during the week was delayed due to 53 hours of bad weather preventing the installation of the Blow Out Preventer (BOP) on the well head located on the sea floor. Further difficulties were experienced when trying to latch the BOP onto the wellhead. Modifications of the BOP to wellhead connection were necessary. The BOP stack was subsequently reinstalled and successfully pressure tested (including all joints, choke and kill lines up to 10,000 psi).

As at 1930 hrs Tunisian local time (GMT +1) on the 2nd of August the rig commenced drilling out of the 20" casing shoe in 16" hole. Note: During repair work a zero rig rate is incurred by ADX and its partners. During wait on weather a significantly reduced rig rate applies.

Weekly Operations Forecast: Forecast operations during the coming week are as follows: •Continue drilling 16" hole to approximately 1,340 meters MD •Run and Cement 13 3/8" casing •Drill 12-1/4" hole to predicted base of Birsa Sandstone Participants in the Lambouka -1 well are as follows:

•ADX 30% Operator •Gulfsands Petroleum Plc 30% •Carnavale Resources Ltd 20% •XState Resources Ltd 10% •PharmAust Limited 10%

Tags: ADX Energy Ltd