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ADX Energy Raises A$3.5M to Restart Austrian Drilling and Expand Italian Gas Exploration
9:25am on Thursday 13th of November, 2025 AEDT
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Energy
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ADX Energy Raises A$3.5M to Restart Austrian Drilling and Expand Italian Gas Exploration
9:25am on Thursday 13th of November, 2025 AEDT
Key Points
A$3.5 million raised via placement to sophisticated investors
Funds allocated to recommence Welchau-1 well testing in Upper Austria
Permitting and drilling of shallow gas wells in Upper Austria planned for early 2026
Seismic acquisition for new Channel gas permit offshore Sicily
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ADX ENERGY (ASX:ADX)
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