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ADX Adds Funding Partner for Austrian GOLD Gas Well
9:27am on Monday 14th of September, 2026 AEST
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Oil and Gas
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ADX Adds Funding Partner for Austrian GOLD Gas Well
9:27am on Monday 14th of September, 2026 AEST
Key Points
Empyrean to pay a non-refundable EUR 50,000 option fee
EUR 555,400 funding commitment tied to GOLD-1 drilling and testing
10% economic interest available after the earn-in obligation is met
GOLD-1 well planned for the fourth quarter of 2026
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