InvestSMART

ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.026 0.001 (4%)+
Announcement
Release
18 Jun 2026 10:13AM
Price at Release
$0.025
Full Release
download
Summary
ADX Energy Ltd announced a successful clean-up flow from the first zone perforated in the HOCH-1 well in Upper Austria. The well, drilled in May 2026, encountered multiple gas reservoirs within the Hall and Base Hall formations. The first perforated zone flowed at 2.8 million cubic feet per day on a small choke, with promising wellhead pressure. This is the first of three shallow gas prospects planned for drilling by ADX in 2026. The testing will proceed in two phases, focusing first on the Hall formation, with further updates to be provided as available.
Key Points
  • HOCH-1 well drilled and completed in May 2026 in Upper Austria.
  • Successful clean-up flow from first perforated zone at HOCH-1.
  • Flow rate of 2.8 million cubic feet per day achieved on small choke.
  • Well encountered up to eight gas reservoirs in Hall and Base Hall formations.
  • Two-phase testing planned for HOCH-1, with updates to follow.
  • HOCH-1 is part of a three-well shallow gas prospect program by ADX.
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.