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ADX Energy Secures Strategic Gas Permit in Sicily Channel Amid Rising Clean Gas Demand
9:57am on Wednesday 22nd of January, 2025 AEDT
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Energy
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ADX Energy Secures Strategic Gas Permit in Sicily Channel Amid Rising Clean Gas Demand
9:57am on Wednesday 22nd of January, 2025 AEDT
Key Points
ADX awarded 346 km² Sicily Channel gas exploration permit after moratorium
Five high-graded prospects with 369 BCF best technical prospective resource
Permit area proven to contain sweet gas from historic wells including Nilde-2
Favorable fiscal terms: 10% royalty and 29% effective tax rate
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