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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.024 0 (0%)+
Announcement
Release
23 Dec 2025 10:54AM
Price at Release
$0.024
Full Release
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Summary
ADX Energy Ltd provided an update on their Upper Austria Work Program, detailing the recommencement of testing at the Welchau-1 well and preparations for drilling the HOCH-1 shallow gas well, the first of three planned for 2026. The company has contracted a workover unit for early February 2026, aiming to stimulate the Reifling reservoir formation to enhance productivity. Permitting for the HOCH-1 and GOLD-1 wells will be completed by mid-January, with construction starting immediately after. The SCHOEN-1 well will be fully permitted by mid-February. ADX is confident in the potential of these prospects, given their proximity to infrastructure and low risk, indicating a promising development of clusters to optimize facility use and project value.
Key Points
  • Recommencement of flow testing at Welchau-1 in February 2026.
  • HOCH-1 to be the first well in the shallow gas drilling program.
  • Permitting for HOCH-1 and GOLD-1 wells to be completed by mid-January 2026.
  • SCHOEN-1 well expected to be fully permitted by mid-February 2026.
  • HOCH shallow gas prospect has a mean prospective resource of 8.0 BCF.
  • Utilization of advanced 3D seismic analysis and AI for prospect identification.
  • Development of gas prospects in clusters to optimize facilities and project value.
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.