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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.019 0.001 (5.56%)+
Announcement
Release
13 Aug 2026 10:50AM
Price at Release
$0.018
Full Release
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Summary
ADX Energy Ltd is resuming production testing of the HOCH-1 well in Upper Austria. The testing is divided into two phases, with the first phase focusing on two zones in the Hall formation and one in the Hall Channel formation. The initial test results are promising, showing a stable gas flow rate of 2.7 MMCFPD, with potential for increased productivity. Delays have been encountered due to logistical challenges in obtaining an explosive license for further testing. However, additional testing is scheduled to continue, aiming to explore deeper Hall Channel sand zones in Phase 2. The recent 3D seismic mapping has indicated potential for large lateral extensions of several sand bodies, increasing confidence in the reservoir's extent and productivity.
Key Points
  • HOCH-1 well testing is resuming in August 2026.
  • Initial test results show promising gas flow rates.
  • Testing is divided into two phases focusing on different zones.
  • Logistical delays in obtaining an explosive license have occurred.
  • Further testing to explore deeper zones is scheduled.
  • 3D seismic mapping indicates potential for large sand bodies.
  • ADX holds a 50% interest in the HOCH prospect.
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.