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ADX Energy Secures Strategic Gas Permit in Sicily Channel Amid Rising Clean Gas Demand

7:03pm on Monday 2nd of June, 2025 AEST Energy
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ADX Energy Secures Strategic Gas Permit in Sicily Channel Amid Rising Clean Gas Demand

7:03pm on Monday 2nd of June, 2025 AEST
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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