ADX Energy has increased its Austrian production by 35% following a behind pipe perforation program on two Vienna Basin wells, adding 75 barrels of oil equivalent per day. Plans for further drilling in 2027 aim to build on this momentum.
- 35% production increase from behind pipe perforation
- Vienna Basin output rises from 150 to 220 BOEPD
- Net Austrian production reaches approximately 285 BOEPD
- 2027 infill and appraisal drilling planned
- Low operating costs and favourable pricing underpin gains
Behind Pipe Perforation Drives Significant Production Gain
ADX Energy Ltd (ASX:ADX) has achieved a 35% jump in its Austrian oil and gas production, thanks to a behind pipe perforation program on two existing wells in the Vienna Basin Fields. The work on the GA-10A and GA-93 wells delivered an additional 24 barrels of oil per day (BOPD) and 52 barrels of oil equivalent per day (BOEPD) of gas respectively, lifting field production from roughly 150 BOEPD to 220 BOEPD.
This incremental output has pushed ADX’s net Austrian production, including its Anshof Field in Upper Austria, to about 285 BOEPD. The boost comes with minimal incremental operating costs and benefits from less than 1% royalties, Brent-equivalent oil pricing, and strong Central European Gas Hub gas prices currently around EUR48 per MWh (US$16.5 per MMBTU).
Vienna Basin Fields Positioned for Further Growth
The Vienna Basin Fields, located approximately 70 kilometres northeast of Vienna, are a multilayer asset with eighteen active wells and liquid processing capacity exceeding 4,000 barrels per day. ADX holds 100% equity in these fields, which feature low emissions and low decline rates, delivering steady long-term cash flow. The fields are connected by pipeline to the OMV refinery near Vienna and the local gas grid, enhancing market access.
ADX’s Executive Chairman Ian Tchacos highlighted that the recent production increase is just the start. The company is evaluating further production enhancement opportunities, including additional behind pipe work and a program of infill and appraisal drilling planned for 2027. These new wells could be tied into existing infrastructure with minimal cost, potentially accelerating cash flow and economic returns.
Operational and Strategic Advantages Support Expansion
The Vienna Basin Fields also offer strategic advantages beyond production. ADX owns 13.7 hectares of land suitable for solar park development, signaling potential diversification opportunities. The fields’ high-value sweet crude and favourable fiscal terms, including sub-1% royalties, make further development economically attractive.
Technical due diligence overseen by ADX’s Technical Director Paul Fink confirms the resource estimates and production data, lending credibility to the company’s growth plans. The local technical and operations team remains focused on maximising production and reserves through targeted interventions.
Bottom Line?
ADX’s behind pipe perforation success sets the stage for 2027 drilling programs that could further elevate Austrian production and cash flow.
Questions in the middle?
- How will the planned 2027 infill and appraisal drilling impact reserves and production volumes?
- What are the cost and timing assumptions underpinning the new development and appraisal wells?
- Could ADX’s land holdings for solar development signal a strategic pivot or diversification beyond hydrocarbons?