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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.027 0.005 (22.73%)+
Announcement
Release
2 Dec 2025 9:02AM
Price at Release
$0.022
Full Release
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Summary
ADX Energy Ltd announced a significant update regarding its Sicily Channel Resources, noting a 31% increase in prospective resources estimates for its C.R 150.AU Permit. The updated total aggregated mean prospective gas resource is 619 BCF for ADX's 100% interest, incorporating new data and further analysis since August 2022. The update includes reservoir parameters from nearby Lippone-Mazara onshore gas field and recovery factors from the Argo, Cassiopea, and Gemini fields. Additionally, three new prospects within an expanded permit area have been identified. This increase in estimated volumes is complemented by plans for further updates following additional seismic data acquisition and an upcoming ENI data room visit, with the intent to integrate these findings into a third-party Competent Persons Report.
Key Points
  • 31% increase in prospective resources estimates for C.R 150.AU Permit
  • Total aggregated mean prospective gas resource is 619 BCF for ADX's 100% interest
  • Incorporates new data and further analysis since August 2022
  • Includes reservoir parameters from Lippone-Mazara and factors from Argo, Cassiopea, Gemini fields
  • Three new prospects identified in expanded permit area
  • Further updates expected after seismic data acquisition and ENI data room visit
  • Plans to integrate findings into a third party Competent Persons Report
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.