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DRILLING

ADX can weather storm: Tchacos

IT HAS been a difficult period for most junior oil and gas explorers due to the depressed equity market conditions for resource companies and more recently the deterioration in world-wide oil prices, and it has savaged junior explorers such ADX Energy that rely on industry funding to carry out its drilling programs.

Haydn Black

Chairman Ian Tchacos says that is reflected in slow progress over the junior's large Sicily Channel portfolio, which contains the Kerkouane permit, host to the Dougga gas discovery and the Dougga West...

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