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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.026 -0.001 (-3.70%)+
Announcement
Release
22 Jun 2026 8:52AM
Price at Release
$0.027
Full Release
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Summary
ADX Energy Ltd announced a stable and water-free gas flow rate averaging 2.7 million cubic feet per day from the first zone tested in the HOCH-1 gas discovery. This testing took place at a depth of 1465 metres and was conducted over an 11-hour period with a stable well head pressure of 870 psi. To assess the connected gas volume, the well has been shut in for a two-week pressure build-up period. The HOCH-1 well, located in Upper Austria, encountered multiple gas reservoirs and signifies the beginning of a broader exploration program with additional gas prospects fully permitted for drilling.
Key Points
  • Stable gas flow rate of 2.7 million cubic feet per day achieved in HOCH-1 Zone 1.
  • Zone 1 testing conducted at a depth of 1465 metres in the HOCH-1 gas discovery.
  • Extended flow test conducted on June 19, 2026, during daylight hours.
  • HOCH-1 well shut in to record pressure build up for gas volume assessment.
  • Testing program aims to determine single production well reserves potential.
  • HOCH-1 is the first of three shallow gas prospects in Upper Austria.
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.