document: On 8 June 2017 ADX Energy reported it has agreed to buy the 4.7 sq km DEE V-19 Iecea Mare licence from Amromco Energy.Â  This licence is situated within ADX Energyâs E X-10 Parta exploration licence. The deal is valued at USD 35,393 + 5% royalty on production. The companyâs plan is to re-drill two wells - Carpinis 55 and Iecea Mare 35 - to test 33 Bcfg of prospective and contingent resources. The re-drill of Carpinis 55 â which will be named Iecea Mica 2 - is engineered as a simple vertical well. The drilling is planned to start during Q4 2018. The permit is located in western Romania.  Amromco was awarded to the company in 2004. The licence contains the Iecea Mare oil and gas field which was discovered in 1985 and put onstream in 1986. Its reservoir is situated below 2,000 m in the Paleozoic. In 1998 the field considered as depleted was shut-in. In 2005 Amromco started gathering information in order to launch field enhancement programme but finally the production at the Iecea Mare field did not resume.  Interest in the DEEV-19 Iecea Mare licence will be held solely by ADX Energy Panonia SRL.
summary: ADX Energy reported it has agreed to buy the DEE V-19 Iecea Mare licence from Amromco Energy.