ADX Energy Ltd.: Activities Report
For the Quarter Ended 30 September 2026
Wien (pta014/27.10.2026/09:56 UTC+1)
ADX Energy Ltd (ASX: ADX, "ADX" or the "Company") is pleased to provide an update on its activities for the quarter ended 30 September 2026.
Topics
- Summary of Results
- Quarter Highlights
- Next Quarter Activities
- …
ADX Executive Chairman, Mr Ian Tchacos, said "The Board of ADX is focussed on increasing production, low risk gas development and high impact exploration. We are very pleased to report a number of significant milestones which impact both the near term and medium-term growth of the Company.
A well work programme at our Vienna Basin fields has resulted in a significant increase production by 23% to 248 barrels of oil equivalent per day. Further well work planned at the Vienna Basin fields during the coming quarter is expected to further increase production by approximately 100 barrels of oil equivalent per day.
The ongoing testing of the HOCH-1 gas discovery has provided encouraging results from the first four zones tested. The next phase of testing requires the drilling of a plug to access a potentially extensive high permeability gas zone. If successful, the next zone tested may confirm the commerciality of the HOCH-1 well and provide the confidence for a potential well tie in. The next test results are expected in mid-December.
In addition to the HOCH-1 well testing, ADX has been making the necessary preparations for the drilling of the highly prospective GOLD-1 well. GOLD-1 is a low-risk prospect approximately 300 metres from a pipeline tie in. Well site construction will commence in late October allowing rig mobilisation to commence by year end. The farmin by Empyrean into GOLD on a two for one basis not only provides attractive funding terms, it also demonstrates the potential of the GOLD prospect.
Preparations for drilling the PERG-1 near field oil prospect have commenced. Permitting and land access work being undertaken will enable drilling of the well early in 2027. PERG is a highly prospective well that provides large reserves potential in close proximity to the Anshof oil processing facility. A discovery would be rapid to develop and economically attractive given its proximity to infrastructure.
Both GOLD and PERG are receiving strong attention from potential farminees. We expect to conclude further farmins for both prospects in the near future. This will ensure that these prospects are drilled with reduced financial burden in the Company while retaining a majority interest.
In addition to the progress being made in Austria, three Sicily permit applications have been made that are proximal to ADX' existing C.R 150.AU Exploration Permit. If the applications are successful, ADX will hold approximately 1650 km2 of acreage in a highly prospective gas trend. During the recent quarter an independent review by RISC Advisory Pty Ltd recognised that the Miocene aged, Terravecchia Formation is a valid biogenic gas play in the Sicily Channel based on their analysis of the regional geology. We look forward to reporting our progress during the December quarter.
We expect to provide further updates on increased production from our Vienna Basin well work programme , additional results from the ongoing HOCH-1 testing programme, the commencement of GOLD-1 operations and the results of the permit applications in the Sicily channel applications."
For further details please see the PDF files.
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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 |