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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.020 -0.005 (-20%)+
Announcement
Release
6 Jul 2026 8:55AM
Price at Release
$0.025
Full Release
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Summary
The independent review by RISC Advisory Pty Ltd supports ADX Energy Ltd's assessment of the biogenic gas play potential in the Sicily Channel, specifically in the CR 150.AU Permit. The review validates the methodologies and assumptions used by ADX and confirms the reasonableness of their prospective resource estimates. RISC endorses the planned exploration program, including the acquisition of modern 3D seismic data for further prospect definition. ADX Energy is committed to further maturing the permit with additional technical reviews, aiming to tap into the European gas market strategically.
Key Points
  • RISC Advisory's review supports ADX's resource assessment in Sicily Channel.
  • The Miocene aged Terravecchia Formation is validated as a biogenic gas play.
  • RISC confirms the reasonableness of ADX's reservoir properties and volume estimates.
  • Endorsement of ADX's planned exploration program with advanced 3D seismic acquisition.
  • Strategic focus on accessing the European gas market via the Sicily Channel.
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.