ADX Energy’s recompleted GA-093 well in Austria has flowed at 1.8 MMSCFPD, although pipeline capacity will cap sales at 0.6 MMSCFPD. The restricted output is expected to lift Austrian production by about 40%, while further work targets additional oil and gas volumes.
- GA-093 flowed at an initial 1.8 MMSCFPD
- Sales constrained to 0.6 MMSCFPD, equivalent to about 100 BOEPD
- Expected uplift of approximately 40% to Austrian production
- GA-072A pump replacement expected to add about 15 BOEPD
- HOCH-1 Phase 2 gas testing scheduled for December
GA-093 delivers immediate production uplift
ADX Energy Ltd (ASX:ADX) has hit gas sooner than the market might expect from its Austrian workover campaign, with the recompleted GA-093 well flowing at an initial 1.8 million standard cubic feet per day. The result came after ADX perforated a gas zone at its 100%-owned Vienna Basin Fields.
There is, however, a sizeable gap between the well’s initial flow and what can currently be sold. Pipeline capacity will restrict GA-093 to 0.6 MMSCFPD, which ADX equates to about 100 barrels of oil equivalent per day. That sales rate is still material against Austrian production, which averaged 242 BOEPD in the September quarter, implying an expected increase of roughly 40% once the well settles at the restricted rate.
The result advances the Austrian rig program, which had targeted up to 115 BOEPD of incremental production across several Vienna Basin activities. ADX said the timing should generate elevated incremental cash flow during Europe’s winter period, when gas demand is strong. It cited a European gas price of EUR 82.6 per MWh, described in the announcement as equivalent to US$162 per barrel.
Two more Vienna Basin production targets
The workover rig is now scheduled to move through two further production tasks. Replacing the down-hole pump at GA-072A is expected to add approximately 15 BOEPD of oil and gas, while perforating a new production interval and installing a sand-retention completion at GA-087 is expected to add about 30 to 40 barrels of oil per day.
Those figures remain estimates rather than achieved production. The announcement gives no cost for the program and does not quantify the financial contribution from GA-093, leaving realised sales volumes and cash generation as the more meaningful tests of the campaign’s value.
HOCH-1 moves towards deeper gas test
ADX also plans to begin Phase 2 testing at the HOCH-1 gas discovery in Upper Austria in the week commencing 7 December. The company operates the well and holds a 50% economic interest. The work will remove the existing completion, drill through a cement plug to reach the deeper Hall Channel zones, and install a new production completion before perforation.
Phase 2 is aimed at zones that ADX says correlate with nearby gas discoveries and may extend laterally across at least 2.5 kilometres to the southeast. That geological interpretation is not yet a production result. The earlier Phase 1 test flowed 3.15 MMCFPD from four commingled reservoirs, but the new program is specifically designed to evaluate the deeper Hall Channel zones.
The immediate operational win is therefore clear, but the next questions are practical: how much gas GA-093 can sell within the pipeline constraint, whether the two planned Vienna Basin interventions deliver their estimated volumes, and what the deeper HOCH-1 test actually produces.
Bottom Line?
GA-093 has converted a workover into near-term gas production, but pipeline capacity caps the immediate benefit and the larger upside still depends on planned work and HOCH-1 testing.
Questions in the middle?
- Can ADX increase sales capacity beyond GA-093’s 0.6 MMSCFPD restriction?
- Will GA-072A and GA-087 deliver their estimated 45 to 55 BOEPD of additional output?
- Will HOCH-1’s deeper Hall Channel zones support a commercial production case?