Latest ADX Energy (ASX:ADX) News

ADX Energy has revealed a significant technical update on its Welchau appraisal permit in Austria, highlighting a connected petroleum system with 18 million barrels of prospective light oil and 125 billion cubic feet of gas condensate resources.

ADX Energy reported a 24% drop in production due to mechanical issues but is advancing well workovers and new drilling, supported by a $3.5 million capital raise and plans for a dual listing in Oslo.

ADX Energy Ltd is gearing up to resume flow testing at its Welchau-1 well in February 2026 and plans to drill three additional shallow gas wells in Upper Austria, targeting a combined prospective resource of 8.0 BCF.

ADX Energy has reported a significant 31% increase in its prospective gas resources for the Sicily Channel offshore permit, driven by new data from nearby fields and historic wells.

ADX Energy has raised A$3.5 million through a placement to fund key gas exploration projects in Austria and Italy, alongside plans for a strategic dual listing in Oslo.

ADX Energy reports a 17% production dip in Q3 2025 due to well downtime but boosts sales revenue by 23%, while advancing drilling plans and acquiring key infrastructure.

ADX Energy Ltd is gearing up to restart flow testing at Welchau-1 and drill multiple shallow gas and oil wells in Upper Austria starting January 2026, aiming for a significant boost in production from low-risk prospects.

ADX Energy has secured a pivotal court ruling that allows it to resume drilling and testing at its Welchau-1 well in Austria, overcoming environmental objections and strengthening its exploration prospects.

ADX Energy has updated its Upper Austria prospect inventory, reporting a substantial net mean prospective resource of 374 million barrels of oil equivalent and outlining near-term drilling plans focused on low-risk shallow gas and near-field oil plays.

ADX Energy has been awarded a new offshore gas exploration permit in the Sicily Channel, Italy, boasting significant prospective resources and strategic proximity to key infrastructure. The company plans further seismic work and drilling to unlock the permit’s potential.

ADX Energy reported a 23% rise in production to 303 BOEPD for Q2 2025, offsetting a 10% drop in Brent oil prices, while advancing key drilling plans and awaiting new permit awards.

ADX Energy has identified seven drill-ready shallow gas prospects in its Upper Austria licences, with a multi-well drilling program planned for late 2025. The company aims to leverage advanced seismic data and cluster development to optimise production and reduce costs.