AuDAX Resources Limited (ASX:ADX) Announces Sicily Channel Permit Farm Out Agreement With Gulfsands

  Perth, Australia, May 18, 2010 - (ABN Newswire) - AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that a farm out agreement has been entered into between Alpine Oil & amp; Gas Pty Ltd ('AOG') (a wholly-owned subsidiary of AuDAX) and Gulfsands Petroleum Plc (LON:GPX)('Gulfsands') in relation to AuDAX's Kerkouane licence ( & quot;Kerkouane Permit & quot;) and the adjacent exploration permit in Southern Italy (G.R15.  

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