ADX Buys Back 20% Interest in Lambouka

EnergyOil & Gas ♦ Published: August 17, 2011; 16:32 ♦ (Vindobona)

The Austro-Australian oil and gas exploration and appraisal company increases its interest in the Tunisian prospect area to 50%.

ADX Buys Back 20% Interest in Lambouka / Picture: ©

ADX Energy Ltd announced that a sale and purchase agreement has been executed to buy back a 20% interest in the Lambouka Prospect Area in the Kerkouane Permit from Carnavale Resources Limited (CAV) and to cancel the option of CAV to purchase an interest in that part of the Lambouka prospect that extends into Italian waters.