ADX Energy Progresses HOCH-1 Gas Well Drilling in Austria.
ADX Energy Ltd (ASX: ADX) has provided an update on its HOCH-1 shallow gas exploration well located in Upper Austria, which represents the first of three planned drilling targets for 2026. Drilling operations began in April and have advanced to a depth of around 950 metres, with the well expected to reach a final depth of approximately 1,430 metres. The target is gas-rich sandstone formations from the Miocene Hall sequence, known for strong production performance in nearby fields. The HOCH prospect is estimated to hold a mean resource of 8.0 billion cubic feet, with higher potential reaching 17.3 billion cubic feet. After drilling completion, logging and evaluation activities will determine the commercial potential of the well. The project is strategically positioned near existing pipeline infrastructure, supporting efficient development. Strong regional gas prices and potential for multi-well cluster development further enhance its economic attractiveness.
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ADX Energy Progresses HOCH-1 Gas Well Drilling in Austria.
ADX Energy Ltd (ASX: ADX) has provided an update on its HOCH-1 shallow gas exploration well located in Upper Austria, which represents the first of three planned drilling targets for 2026. Drilling operations began in April and have advanced to a depth of around 950 metres, with the well expected to reach a final depth of approximately 1,430 metres. The target is gas-rich sandstone formations from the Miocene Hall sequence, known for strong production performance in nearby fields. The HOCH prospect is estimated to hold a mean resource of 8.0 billion cubic feet, with higher potential reaching 17.3 billion cubic feet. After drilling completion, logging and evaluation activities will determine the commercial potential of the well. The project is strategically positioned near existing pipeline infrastructure, supporting efficient development. Strong regional gas prices and potential for multi-well cluster development further enhance its economic attractiveness.
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