ADX Energy Ltd. Provides Update on Austrian Operations Program
ADX Energy Ltd. (ASX: ADX) announced significant progress in its Austrian operations, focusing on exploration and well workover activities in the Upper Austria exploration licences and Vienna Basin fields. Key activities in the current quarter involve conducting flow tests on the Welchau-1 well within the ADX-AT-I licence to assess the hydrocarbon presence and flow properties of the Reifling formation. Furthermore, preparations are being made for the drilling of the HOCH-1 shallow gas well within the same licence area.
Workover operations at the Vienna Basin oil and gas fields aim to repair subsurface equipment failures in four wells, clean out well bores, and replace pumps to boost production rates. ADX's Executive Chairman, Ian Tchacos, highlighted the company's operational capabilities, stating that the efficient management of assets across multiple jurisdictions is a key differentiator. Further updates on the progress of these operations will be provided in upcoming reports.
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ADX Energy Ltd. Provides Update on Austrian Operations Program
ADX Energy Ltd. (ASX: ADX) announced significant progress in its Austrian operations, focusing on exploration and well workover activities in the Upper Austria exploration licences and Vienna Basin fields. Key activities in the current quarter involve conducting flow tests on the Welchau-1 well within the ADX-AT-I licence to assess the hydrocarbon presence and flow properties of the Reifling formation. Furthermore, preparations are being made for the drilling of the HOCH-1 shallow gas well within the same licence area.
Workover operations at the Vienna Basin oil and gas fields aim to repair subsurface equipment failures in four wells, clean out well bores, and replace pumps to boost production rates. ADX's Executive Chairman, Ian Tchacos, highlighted the company's operational capabilities, stating that the efficient management of assets across multiple jurisdictions is a key differentiator. Further updates on the progress of these operations will be provided in upcoming reports.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au