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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.020 0.002 (11.11%)+
Announcement
Release
19 Aug 2026 9:48AM
Price at Release
$0.018
Full Release
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Summary
ADX Energy Ltd has submitted applications to the Italian Ministry of Environment and Energy Security for two new permits in the Sicily Channel, named d 368 C.R.-AU and d 369-C.R.-AU, expanding their gas play adjacent to the existing CR 150.AU Permit. This follows an independent review recognizing the Terravecchia Formation in the region as a valid biogenic gas play. The permit applications, covering areas of 573.3 and 213.7 square kilometers, were published in the Official Hydrocarbon Bulletin in July 2026. The process allows for competing applications within three months, after which, if uncontested, ADX must submit an environmental impact assessment. Updates on the application process will be provided as developments occur.
Key Points
  • ADX Energy Ltd applies for new permits in the Sicily Channel.
  • The permits expand ADX's existing CR 150.AU Permit.
  • Applications cover areas of 573.3 km² and 213.7 km².
  • Independent review confirms Terravecchia Formation as a valid gas play.
  • Permit applications published in the Official Hydrocarbon Bulletin.
  • Competing applications allowed within three months.
  • Environmental impact assessment required if uncontested.
  • ADX to provide updates on application progress.
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.