ADX ENERGY ACIVITY SNAPSHOT APRIL 2012

1. ADX ENERGY ACIVITY SNAPSHOT APRIL 2012 Paul Fink, Technical Director

2. DISCLAIMER This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effected by a variety of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, commercialization, development progress, operating results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.

3. Shares on Issue 411 million MaketCapitalisation @ 10 cents $ 41.1 million Options * 31 million * exercise price between 25 to 40 cents ADX ENERGY: Started in late 2007 ASX ticker: ADX Geographic focus • Energy exploration focused on North Africa, Mediterranean and Central Europe • Gold & Base Metals (via Riedel Resources) in Australia

4. EUROPEAN – NORTH AFRICAN ASSETS SICILY CHANNEL – OFFSHORE: ITALY & TUNISIA (5,000 sqkm) Vienna ONSHORE TUNISIA ONSHORE ROMANIA

5. MILESTONES SINCE START IN LATE 2007 3D Seismic, 2010 ADX operated, PGS boat • ADX executed a +$60 million exploration program with only $12 million of shareholder funds. • Acquire high quality assets in countries with excellent & stable fiscal regimes • First Geostreamer 3D seismic acquired • First ever Tunisian deepwater well drilled incident free • gas discovery • Offshore 2D seismic • Onshore well drilled • oil discovery Offshore Sicily ADX rig Offshore Sicily ADX rig Onshore Romania (ADX license, Petromfacilty) Onshore Tunisia ADX rig

6. HOW DID WE DO - AND FUND IT? PART1/2 Directors Ian Tchacos Non executive Chairman Wolfgang Zimmer Managing Director Paul Fink Executive Director Andrew Childs Non executive Director Company Secretary Peter Ironside ………EXPERIENCED & PROVEN MANAGEMENT TEAM

7. HOW DID WE DO - AND FUND IT? PART2/2 ……ADX COMPETENT OPERATOR – GOOD ASSETS – GOOD JV PARTNERS (E&P companies)

8. ADX ENERGY – NEAR TERM ACTIVITY MAP • SICILY CHANNEL – OFFSHORE: • DOUGGA RESOURCE UPGRADE • FARM OUT EFFORTS TO START SOON TO: • FUND LAMBOUKA RE-ENTRY & DEEP POTENTIAL • FUND DOUGGA APPRAISAL • FUND EXPLORATION ACTIVITY • ROMANIA- ONSHORE: • FARM OUT PARTA TO FUND SEISMIC & WELLS, START 3D AND 2D SEISMIC IN Q2 – Q4 2012 • GROW ASSET BASE • TUNISIA – ONSHORE CHORBANE: • TEST SIDI DHAHER OIL DISCOVERY • START APPRAISAL & DEVELOPMENT

9. ENERGY ASSET SELECTED EXAMPLES Paul Fink, Technical Director www.adxenergy.com.au

10. TOP EIGHT EXPLORATION & APPRAISAL PROJECTS Gas condensate Oil Gas 3D DouggaAppraisal Dougga –West 3D 3D Kerkouane-1 Appraisal Lambouka Appraisal CHS Medium risk 3D Lambouka Deep Sidi Dhaher Test 3D ..to be acquired Saint M Low risk Mean Resources Size

12. SIDI DHAHER DRILLING SUCCESSFUL DRILLING OPERATION • Tunisia “Jasmine” revolution and uprising in neighboring Libya caused several weeks of delay. • Completed a safe and timely drilling operation during a time of partial power vacuum. • Developed a relationship of mutual trust with the local population. • ADX was the only company drilling in a populated area at the time. Other operators declared force majeure. • Sidi Dhaher TD’ ed at 2,011 meters in the 3rd week of September.

13. SIDI DHAHER DRILLING SIDI DHAHER OIL RESOURCE POTENTIAL Oil gradient MDT Oil sample Formation Water gradient • Three Cretaceous reservoirs pre drill (Abiod, Douleb, Bireno) • Oil found in Bireno reservoir, others absent Oil in place resource estimates, recovery factor to be determined post well test

14. OFFSHORE ITALY & TUNISIA Combined most likely contingent and prospective resources:1.15 billion barrels of oil equivalent. Kerkouane-1 Lambouka Elissa Dougga - West Total ADX permit areas approx. 5,000 sqkm (1,23 MM acres)

15. VISION : THE DOUGGA HUB

16. DOUGGA GAS CONDENSATE FIELD RESOURCES

17. PRODUCTION FORECAST (TRACS, COOL ENERGY) • 50 mmscf/d sales gas (base case) • 9,400 bopd condensate production • 3,200 bopd LPG production • project NPV (10) 1.6 Billion USD (ADX share currently 60%) Dougga total daily production: 22,000 boepd (Austria’s OMV total production in Pakistan, Yemen, Kurdistan, Kazakhstan: 27,000 boepd) (source: OMV annual report 2010)

18. DEVELOPMENT PLAN & CASH FLOW Discounted (10%) Project Cash Flow • project NPV (10): 1.6 Billion USD (ADX share currently 60%) • Revenue at today’s oil & gas prices: 8.3 Billion USD Hannibal Gas Plant, Sfax, Tunisia Sources: Offshore, Petrofilm, BG

19. KEY STRATEGIES • Corporate Strategy • Early entry to high impact exploration opportunities in proven oil and gas basins. • Commercialisation of existing discoveries. • Operating Strategy • Maintain operatorship through the exploration - appraisal phase of the asset cycle. • Use leading edge technology to reduce risk • Funding Strategy • Fund drilling via farmouts, retain large interests in material prospects with potential to deliver exceptional shareholder returns.

20. NEAR – MID TERM NEWS FLOW • Test Results of Sidi Dhaher oil discovery: fast track production • Farm out parts of Offshore Sicily to fund appraisal of Dougga, Lambouka • Farm out parts of Romania to fund seismic and first well • Dougga Appraisal & Well Test