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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.024 -0.006 (-20%)+
Announcement
Release
31 Oct 2025 10:43AM
Price at Release
$0.030
Full Release
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Summary
ADX Energy Ltd's Quarterly Activities Report for September 2025 highlights significant progress in securing land and permits for drilling in Austria, overcoming environmental clearance challenges, and expanding their exploration and production capabilities. The company has formalized the award of the Sicily Channel Gas Exploration Permit and plans to enhance production with the acquisition of the Anshof Permanent Production Facility. ADX is exploring the potential for a dual listing to increase visibility and shareholder engagement in Europe, while continuing to mature low-risk, high-potential gas and oil prospects. Production optimization and strategic partnerships are key focuses for the upcoming quarters.
Key Points
  • Land secured and permits obtained for three shallow gas prospects: HOCH, GOLD, and SHOE, with drilling scheduled for February 2026.
  • Discussions with potential partners to fund the ADX-AT-II GOLD Area cluster.
  • Environmental clearance for Welchau-1 overturned, allowing flow testing in January 2026.
  • Formal award of Sicily Channel Gas Exploration Permit with significant prospective resources.
  • Commitment to purchase Anshof Permanent Production Facility with a 3,000 barrel per day processing capacity.
  • Upper Austria Prospect Inventory update with substantial gas and oil resources.
  • Successful acquisition of the Anshof field economic interest, increasing ADX's stake to 70%.
  • Production optimization achieved through well management and the acquisition of a permanent production facility.
  • Preparation for potential dual listing on Oslo Børs’ Euronext Growth market to access European investors.
  • Continued maturation of shallow gas prospects within ADX-AT-I and ADX-AT-II licence areas.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.