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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.026 -0.002 (-7.14%)+
Announcement
Release
18 May 2026 9:35AM
Price at Release
$0.028
Full Release
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Summary
ADX Energy Ltd has announced the completion of drilling operations for the Hochfeld-1 (HOCH-1) shallow gas exploration well, which began on April 16, 2026, in Upper Austria. This well is the first of three shallow gas prospects planned for the region in 2026, with ADX operating and holding a 50% economic interest. The well has been prepared for perforation and testing following the installation of a 2 3/8 inch well completion. The final evaluation of acquired logs is underway to determine the production testing program, which is expected to start by mid-June 2026. This announcement marks the final operations update for HOCH-1, with further updates to follow as the testing program progresses.
Key Points
  • HOCH-1 well drilling commenced on 16 April 2026.
  • Two additional shallow gas prospects are planned for drilling in 2026.
  • Well operations prepared for rig down on 15 May 2026.
  • 2 3/8 inch well completion installed, ready for perforation and testing.
  • Comprehensive suite of logs acquired for final evaluation.
  • Production testing to commence by mid-June 2026.
  • HOCH-1 is the first of three planned shallow gas wells in Upper Austria.
  • ADX holds a 50% economic interest in the HOCH prospect.
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.