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ADX Energy Ltd.: Upper Austria Work Program Update
Wien (pta012/23.12.2025/09:20 UTC+1)
"Rig mobilisation for Welchau-1 resumption of flow testing scheduled during first week of February 2026."
"Permitting for two shallow gas wells will be completed by mid-January 2026 with well site construction to follow for the drilling of the first well (HOCH-1)."
Key points:
The planning, permitting and contracting of services is being finalised for the resumption of flow testing of the Welchau-1 well and the drilling of up to three (3) shallow (99% pure methane) gas prospects (HOCH-1, GOLD-1 and SCHOEN-1 wells) commencing with the HOCH-1 well (refer to Figure 1 at the PDF file).
- Welchau flow testing to recommence in February 2026 following the mobilisation of a workover rig. Testing will commence on the already perforated Reifling formation (the shallowest of the four Triassic carbonate reservoirs encountered by the Welchau-1 well) following a stimulation program to mitigate well bore damage and enhance productivity (refer to Figure 2 at the PDF file).
- Environmental and Mining Authority permitting for drill site construction, drilling and testing operations is ongoing for up to three (3) shallow gas wells. The HOCH-1 and GOLD-1 wells will be permitted by mid-January enabling the commencement of well site construction for the HOCH-1 well. The SCHOEN-1 well is expected to be fully permitted by mid-February.
- The HOCH shallow gas prospect has a mean prospective resource of 8.0 BCF (refer to Table 1 at the PDF file). It is the first of three (3) shallow gas prospects planned for drilling in 2026.
For more information please see the PDF file.
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| Emitter: |
ADX Energy Ltd. Ölzeltgasse 3/8 1030 Wien Austria |
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|---|---|---|
| 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 |