ADX Energy Ltd.: Upper Austrian - Shallow Gas Prospect Summary

ADX-AT-I and ADX-AT-II licences post Variation; ADX Energy Ltd.

Wien (pta006/20.06.2025/09:14 UTC+2)

"Seven shallow gas prospects are drill ready and at least four additional prospects are being matured"

"Planning and permitting under way for a multi well programme"

Key points:

• On 12 February 2025 ADX Energy Ltd ("ADX") announced "Acreage optimisation in Upper Austria adds multiple New Growth Opportunities" and on 19 May 2025 provided a "Upper Austrian Shallow Gas Play Update"
• The attached Shallow Gas Prospect Summary outlines the resource potential in its ADX-AT-I and ADX-AT-II exploration licences in Upper Austria and the commercialisation strategy for the play including further information on:
  • The resource potential of seven (7) drill ready prospects in ADX' acreage including the recently varied acreage to maximise exposure to the play;
  • The high predicted exploration success rate for prospects which have comparable 3D seismic signatures to historical gas discoveries encountered across the basin;
  • The data availability and methodologies used to identify and mature prospects;
  • The status of planning, rig contracting, land acquisition and permitting for a multi-well drilling programme; and
  • The economic and strategic benefits of a multi well drilling programme and the cluster development of multiple gas discoveries to maximise production rates, minimise costs and optimise the project schedule.
• Farm-in discussions have commenced with multiple parties with a view to targeting Q4 2025 to Q1 2026 drilling.

ADX Executive Chairman, Mr Ian Tchacos, said "We are pleased to provide the attached Shallow Gas Prospect Summary. The summary details the potential of an extensive and valuable exploration play located in an investment setting where gas is highly valued and can be rapidly bought to market. This opportunity has been developed by the application of advanced seismic techniques to an extensive 3D seismic, well and production data base which is available to ADX in Upper Austria. This underappreciated play was originated by our experienced local team working with international experts.

"We look forward to commencing a multi well drilling program to maximise efficiency as well as deploying a development strategy based on clusters of discoveries to maximise production and minimise cost. In parallel to well planning, permitting and farmout discussions, our team is continuing to mature further shallow gas prospects in newly acquired acreage within the ADX-AT-I varied licence."

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