document: ADX has finalised its farm-in agreement (see DEA 8 Apr â19) with Australian Parta Energy for a 50% stake in the 1,104-sq km Parta (E X-10) permit in the Banat sub-basin, in exchange for funding the first USD 1.5 million of a 100-sq km 3D seismic campaign planned in the N. part of the block in Nov â19. The farm-in will exclude the Parta appraisal programme area which includes the Iecea Mare lease.
summary: ADX has finalised its farm-in agreement (see DEA 8 Apr â19) with Australian Parta Energy for a 50% stake in the 1,104-sq km Parta (E X-10) permit in the Banat sub-basin, in exchange for funding the first USD 1.5 million of a 100-sq km 3D seismic campaign planned in the N. part of the block in Nov â19. The farm-in will exclude the Parta appraisal programme area which includes the Iecea Mare lease.