ADX explains ASX query

ADX Energy has cited speculation regarding the results of the Lambouka-1 well, in Tunisia, currently drilling through the primary target, as a possible reason for a price and volume query from the Australian Securities Exchange. On Friday the company released inconclusive results for the well, where it has a 30 per cent stake and is operator. The rig is at a depth of 2511m and has encountered the Abiod Formation limestones, with an increase in background gas shows and anomalously high resistivity on the logs.