ADX Energy Ltd.: Upper Austrian Shallow Gas Play Update

Wien (pta009/19.05.2025/09:16 UTC+2)

"Four shallow gas prospects (in ADX 100% equity acreage) are drill ready and a further seven gas prospects are being matured."

"Prospects are low cost to drill, low risk, near pipelines, quick to develop and potentially highly profitable."

"Planning and permitting is underway for drilling the first cluster of prospects in Q4 2025."

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Key points:

• Upper Austria Licence Area Variations announced on 12 February 2025 have been formally amended.
• Area Variations designed to maximise the number of low risk, shallow gas targets, near to pipeline infrastructure which are an extension of a proven, producing gas play (Shallow Gas Play).
• Shallow Gas Play developed over two years with local team and international experts.
• Advanced Seismic Analysis deploying a combination of AI, seismic attribute and AVO analysis to identify prospects that compare favourably with historic discoveries.
• Extensive, valuable and repeatable play with 13 prospects matured and identified to date:
  - four (4) "drill ready" prospects in 100% ADX held acreage;
  - two (2) prospects in 50% held acreage (with MND Austria a.s.); and
  - up to seven (7) prospects being matured in varied acreage held 100% by ADX.
• Multiple low cost wells can be drilled in clusters tomaximise production rates and minimise development costs through shared surface facilities..
• Farm-in discussions have commenced with a view to Q4 2025 drilling.

ADX Executive Chairman, Mr Ian Tchacos, said "Our Vienna team, supported by international experts, has developed a transformational shallow gas play in Upper Austria by applying state of the art seismic methods to identify the extension of a proven and commercially successful gas play into ADX's varied acreage position. ADX has matured four 100% equity owned low risk prospects for drilling with multiple follow up prospects being matured. Our goal is to drill the first target in a cluster of three prospects by the end of 2025.

"We have commenced engagement with potential farm-in partners to co-invest in the play with ADX. The previously developed partnership model already utilised for co-investment by MND Austria a.s. and MCF Energy Austria GmbH can also be utilised for direct investment by financial investors at a time when gas in Europe is a highly sought after commodity resulting in gas projects offering strong economics.

"This Shallow Gas Play has been two years in the making. It provides an exceptional organic growth opportunity where ADX can rapidly build meaningful gas reserves, production and infrastructure in the heart of gas hungry Austria."

For more details please see the PDF file.

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Emitter:	ADX Energy Ltd. Ölzeltgasse 3/8 1030 Wien Austria
Contact Person:	Vesna Blazevic
Phone:	+43 676 6893465
E-Mail:	office@adx-energy.at
Website:	www.adx-energy.com
ISIN(s):	AU000000ADX9 (Share)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges:	Australian Securities Exchange (ASX), Sydney