ADX Energy Ltd

📰 ADX Energy closing in on gas targets at its LICHT-1 exploration well via Stockhead ✔️ADX Energy’s LICHT-1 gas exploration well is drilling ahead as planned ✔️Drilling is expected to take 30 days to reach planned total depth of ~2900m ✔️Success could unlock a number of similar follow up prospects in close proximity Contact: Ian Tchacos https://lnkd.in/gfbBpK6y

📰 ADX Energy Ltd on cusp of #gas pay zones at Austrian exploration well The West Australian ADX Energy says it is approaching the pivotal gas pay zones at its high impact LICHT-1 gas exploration well in Upper Austria after diving down to what it believes is now within 100m of the designated 2000m depth. The company spudded the well on September 26 and today confirmed it had reached down to the 1905m mark. It expects to soon intersect its first prospective reservoir in the drilling campaign that is expected to take some 30 days. The campaign has been designed to stretch to a total depth of 2900m by the end of this month, with the main target reservoir predicted to be intersected at about 2500m. Contact: Ian Tchacos Read more: https://lnkd.in/gQaQxG-v #Austria #asx #energynews #energystocks

ADX Energy Ltd (ASX Code: #ADX) is pleased to advise that at 6:00 am CET on the 14th of October 2024 the status of drilling operations on the Lichtenberg-1 (“LICHT-1”) gas exploration well was preparing to run electric line logs in the 8 ½ inch hole. The current depth of the LICHT-1 well is 1905 metres measured depth (MD). Following the logging of the well, the planned program is to run and cement 7 inch casing, set up for the new 6 inch hole size, drill out of the casing shoe and drill ahead in 6 inch hole. The LICHT-1 well is located in the ADX-AT-I licence in Upper Austria. RED Drilling & Services GmbH (RED) E-202 rig is being used to drill the LICHT-1 well. The RED E-202 rig is the same drilling rig that was used to drill the recent Anshof-2A oil appraisal well. Drilling operations since last report include drilling ahead in 8 ½ inch hole from 1288 metres MD to the current depth of 1905 metres MD. ADX is the operator and will retain a 50% economic interest in the well and the MND Investment Area after completion of earn in obligations by MND Austria a.s. (“MND”). ADX will retain a 100% interest in the remainder of the ADX-AT-I licence (refer to Figure 1, Appendix 1 of the announcement). LICHT-1 is expected to take approximately 30 days to drill to the total depth (“TD”) of approximately 2900 metres measured depth (“MD”). If successful, detailed logging, casing and suspension of the well will take approximately a further 10 days. The first Oligocene gas reservoirs are expected from around 2000 metres MD, with the main primary target reservoir expected from approximately 2500 metres MD. The planned well total depth is approximately 2900 metres MD. Refer to “Lichtenberg Prospect Summary” in Appendix 1 at the end of this report which includes details regarding the prospective resources for Lichtenberg as well as follow up exploration potential. Contact: Ian Tchacos #ADX #gas #exploration #producer #asx #Austria #Europe #energy #Energynews #energystocks

ADX Energy discovered oil instead of gas during an exploration project in Austria. This high-value oil find has the potential to be one of the largest in Europe in the past 30 years. The company is about to conduct critical tests to determine if this discovery can be commercially viable at a large scale. Hear the latest interview with Executive Chairman, Ian Tchacos and Jan Willhöft of axinocapital - 30 years of experience as an investor in the mining sector #oil #gas #austria #adx #asx

📰ADX Energy Ltd has begun its probing of sandstone reservoirs with the potential for 21 billion cubic feet of #gas at its high-impact LICHT-1 gas well in Austria, with wildcat drilling set to dive 2900m in 30 days. https://lnkd.in/gaxJ5PAX

📰ADX Energy has embarked on the next step in its Austrian exploration campaign with the spudding of the Lichtenberg-1 (LICHT-1) gas exploration well in the ADX-AT-I licence in Upper Austria. https://lnkd.in/gUb-msvE

ADX Energy Ltd is pleased to share our latest Investor Presentation, currently being presented by Chairman Ian Tchacos during roadshow meetings with institutional investors and shareholders. Stay informed on our strategic developments and growth opportunities! #oilandgas #exploration #producer #Austria #Europe #energy #ASX #ADX

🗞️ Auctus Advisors reckon ADX Energy is undervalued as Welchau-1 production testing closes in Stockhead https://lnkd.in/gpdYcb5K

An ongoing growth in US output reflects a strong demand and advances in extraction technologies with a rebounding demand keeping global prices at a healthy level for producers. 🚀🌍 #oilandgas #energy #resources https://buff.ly/3XSTkGV

Welchau is about oil rather than gas: perhaps smaller but higher value boe Auctus Advisors LLP ADX Energy Ltd is pleased to provide the latest Research Report. Please download the report here: https://lnkd.in/gkQ4zNvV ADX Energy's latest research report reveals an important update on the Welchau discovery. After a detailed analysis of well data and samples, Welchau is now interpreted as a light oil discovery rather than gas condensate. While this may suggest smaller energy-equivalent hydrocarbon volumes compared to pre-drill estimates, onshore oil brings significant advantages for a company like ours. The ability to produce and progressively develop the field without needing to prove up large reserves for a pipeline or gas contract offers a more flexible and potentially valuable growth opportunity. Contact: Ian Tchacos