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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.018 -0.007 (-28%)+
Announcement
Release
9 Jul 2026 8:50AM
Price at Release
$0.025
Full Release
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Summary
ADX Energy Ltd has reported a significant increase in production from its Vienna Basin Fields located in Lower Austria, achieving a 35% rise in net Austrian production. This increase was primarily facilitated by a well-executed program of behind pipe perforation on the GA-10A and GA-93 wells, adding approximately 75 barrels of oil equivalent per day (BOEPD) to production. The overall production from the Vienna Basin fields has increased from about 150 BOEPD to 220 BOEPD, contributing to a total net production in Austria, including the Anshof Field, of approximately 285 BOEPD. The Vienna Basin fields are advantageous due to their low incremental operating costs, minimal royalty obligations, and favorable pricing conditions linked to Brent equivalent oil and Central European Gas Hub gas prices. ADX is also exploring further production growth through infill drilling and additional behind pipe potential, with plans for new development and appraisal wells in 2027, aimed at further enhancing production and economic returns.
Key Points
  • ADX Energy Ltd has increased production by 35% in the Vienna Basin Fields.
  • The GA-10A and GA-93 wells program added approximately 75 BOEPD.
  • Net Austrian production, including Anshof Field, now totals approximately 285 BOEPD.
  • Low operating costs and minimal royalties enhance profitability.
  • Future growth plans include new wells and further production enhancements.
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.