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ADX Energy Ltd (ASX:ADX)
ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.018 0.001 (5.88%)+
Announcement
Release
31 Jul 2026 12:17PM
Price at Release
$0.017
Full Release
Summary
ADX Energy Ltd's Quarterly Activities Report for June 2026 highlights significant progress in their drilling and exploration projects. The HOCH-1 shallow gas discovery in Upper Austria is a key milestone, with initial tests showing promising results of 2.7 million cubic feet of gas per day. The upcoming activities include the continuation of testing on several gas reservoir zones and preparations for drilling the GOLD-1 and SCHOE gas prospects. ADX is also actively pursuing farmout opportunities to fund these projects. The company reports an increase in production and revenue, driven by improved oil and gas pricing and operational efficiencies in the Vienna Basin fields. Additionally, ADX plans further exploration in the Sicily Channel with new seismic data purchases to enhance their resource estimates.
Key Points
- HOCH-1 gas discovery produced at 2.7 MMSCFPD.
- Farmout process initiated for GOLD-1 and PERG-1 wells.
- Vienna Basin production increased by 35%.
- Ongoing testing and drilling preparations for multiple shallow gas wells.
- Significant progress in Sicily Channel exploration projects.
- Strong interest in farmout opportunities to co-fund projects.
- Increased production and improved sales revenue due to higher oil and gas prices.
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.
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