RE: Danube Petroleum15 Mar 2019 12:13
Q2 to drill1st well.
PARTA APPRAISAL PROJECT and PARTA EXPLORATION PERMIT – Onshore Romania
ADX is operator and holds a 66.7% shareholding in Danube Petroleum Limited (Danube). The remaining
shareholding in Danube is held by Reabold Resources Plc. Danube via its’ Romanian subsidiary, ADX Panonia,
holds a 50% interest in the Parta Exploration license (including a 100% interest in the Parta Appraisal Sole
Risk Project) and a 100% interest in the Iecea Mare Production license.
Appraisal Program Summary
ADX via Danube is planning to drill the Iecea Mica (IM) -1 and IM -2 appraisal wells during Q2 and
Q3 2019 with a view to testing the wells and commencing commercial production as soon as
practically possible.