ADX Energy Ltd.: Annual Report
31 December 2025
Wien (pta017/30.03.2026/11:37 UTC+2)
Dear Shareholder,
During the year ended 31 December 2025, ADX Energy Ltd ("ADX" or the "Company") has made important progress in three significant areas of portfolio development, including:
- Permitting and operational readiness for the low-risk Shallow Gas Program in Upper Austria,
- The resumption of well testing at the Welchau Oil and Gas Discovery in Upper Austria, and
- The award of the C.R150.AU Sicily Channel Permit, Offshore Italy.
The above mentioned portfolio developments provide the Company with multiple growth options such as the Shallow Gas Program which can deliver rapid production growth in Upper Austria together with the exceptional resource leverage provided by the Welchau Oil and Gas Discovery and the Sicily Channel Permit.
The value of the Company is underpinned by our production in Austria. We remain focussed on maximising developed oil and gas production by seeking opportunities to enhance existing production, commercialise undeveloped reserves and the pursuit of compelling near field oil appraisal and exploration opportunities.
The current extreme oil price volatility driven by geopolitical tensions in the Middle East is supportive of our near-term revenues, however we are mindful that a projected medium-term oversupply of crude oil may place downward pressure on oil prices. The Company has attempted to hedge future production revenues with an increasing proportion of gas in our portfolio. Gas is likely to benefit from the undersupply situation in Europe and the dependence on relatively expensive imported LNG as Europe continues to reduce its dependence on Russian gas.
At the time of writing ADX was preparing to enter a phase of multiple concurrent work programs to maximise shareholder value. The scheduling and the location of the Company's Upper Austria program is shown on Figure 2. The preparatory work completed over the past year for the Shallow Gas Program drilling and the testing of Welchau has positioned ADX to recommence Welchau-1 well testing and proceed with the imminent drilling of the HOCH-1 shallow gas well. Simultaneously, workover operations in the Vienna Basin Fields have commenced and are expected to stabilise production and restore currently offline production. At the current oil price every additional barrel contributes meaningfully to revenues.
For the Annual Report 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 Frankfurt, Hamburg, Munich, Stuttgart, Tradegate BSX | |
| Other Stock Exchanges: | Australian Securities Exchange (ASX), Sydney |