ADX Energy Ltd.: Activities Report for the Quarter ended 30 June 2025

Zistersdorf and Gaiselberg oil field, ADX Energy Ltd.

Wien (pta027/04.08.2025/14:47 UTC+2)

ADX Energy Ltd (ASX: ADX, "ADX" or "the Company") is pleased to provide an update on its activities for the quarter ended 30 June 2025.

Past Quarter Highlights

• Three new 100% ADX equity held, Shallow Gas Prospects matured for drilling and farmout. Commencement of drill permitting for up to three wells. Ongoing maturation of new drillable prospects.
• Purchased a 20% economic interest in Anshof Field Area in exchange for settlement of Xstate's debt.
• Welchau-1 testing remains suspended due to environmental objection which is yet to be determined by the State Administrative Court of Upper Austria. Prospect generation and evaluation continued.
• Sicily Channel Gas Exploration Permit, Offshore Italy, meets all ministerial requirements for formal award. An anti-mafia clearance was submitted being final licence granting requirement.
• Preparation of Upper Austria Prospect Inventory Update.

Next Quarter Planned Activities

• Shallow Gas Play Exploration and Expansion
  • Ongoing farmout discussions for GOLD gas prospect in ADX-AT-II varied licence area.
  • Land access, permitting, long lead items and rig contracting for three prospects.
  • Ongoing new prospect generation in 100% equity held ADX-AT-I varied licence area.
• Welchau Play Area Exploration
  • Finalisation of Welchau Deep and Rossberg Prospect assessment.
  • Re-commence Welchau-1 flow testing upon resolution of Environmental Clearance objections.
• Sicily Channel Permit Award and Definition
  • Final granting of Permit.
  • Purchase of additional seismic and prospect maturation work.
• Anshof Near Field Oil Appraisal and Exploration
  • Permit SGB nearfield oil appraisal prospect for drilling and ongoing prospect maturation.
• Upper Austrian Prospect Inventory Update
• Ongoing maturation of Jurassic aged oil and gas plays utilising reprocessed 3D Seismic Pre-stack Depth Migration.
  

ADX Executive Chairman, Mr Ian Tchacos, said, "During the past quarter ADX has focussed on near term production gains and low risk, as well as rapid commercialisation opportunities for gas and oil within our Upper Austria portfolio. We have substantially increased production and sales revenues despite weakening oil and gas pricing though a 23% increase in production. In addition to our ongoing production objectives, the development of our low risk Shallow Gas Portfolio in Upper Austria is expected to translate into a multi well drilling program in early 2026 commencing with the high value and low risk GOLD gas prospect in the recently varied ADX-AT-II licence.

"We increased ADX' net share of Anshof Field production with the non-cash purchase of Xstate Resources' 20% interest in the Anshof Field Area. It is our near-term goal to further increase production through the 3,000 barrel per day capacity Anshof Permanent Production Facility from nearfield appraisal and exploration drilling to maximise oil through put and cashflow. A number of appraisal and exploration opportunities are being high-graded for drilling with land acquisition already completed for the SGB prospect which lies directly to the north of the Anshof Field.

"While the interruption to Welchau-1 testing has been frustrating, we expect to be able to resume testing upon the objections to Environmental Clearances being resolved by the State Administrative Court of Upper Austria. Despite these setbacks, we believe the Welchau Exploration Area has the potential to yield a substantial oil or gas discovery based on ongoing studies and analysis of data recovered from the well. Work during the quarter has resulted in the maturation of the Welchau Deep prospect which may be reached by deepening Welchau-1, as well as the Rossberg follow up prospect to the north of Welchau.

"In the coming quarter, we look forward to the formal granting of the Sicily Channel Permit offshore Italy. Formal award has been held up due to the request for anti-corruption documentation which was completed and accepted by the ministry as the final compliance requirement. The granting will enable ADX to undertake further resource assessment for the permit including an independent audit, based on the availability of high quality seismic and the historic well data base.

"On behalf of the Board of ADX, I look forward to reporting our ongoing asset development activities in Austria, the update of our exploration portfolio in Upper Austria and the expansion of the Company's portfolio into the Sicily Channel offshore Sicily."

For further details please see the PDF files.

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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