ADX Energy Ltd.: Austrian Well Work Program Yields Immediate Success
Wien (pta009/11.11.2026/09:34 UTC+1)
Vienna Basin well flows at an initial rate of 1.8 MMSCFPD* . The well will be choked back to 0.6 MMSCFPD due to sales pipeline capacity constraints.
"The restricted rate of 0.6 MMSCFPD is equivalent to a 100 BOEPD**. European gas price is EUR 82.6 per MWh which is equivalent to US$162 per barrel."
ADX Energy Ltd (ASX Code: ADX) is pleased to advise the commencement of a well work program utilising the MB Well Services workover rig has yielded immediate success at ADX' 100% owned Vienna Basin Fields.
The GA-093 production well has flowed at an initial rate of 1.8 MMSCFPD through an 8mm choke after its recompletion and the perforation of a gas zone. The well will be restricted to a sales gas rate 0.6 MMSCFPD which is equivalent to an oil rate 100 BOEPD. Undertaking the work at this time will generate elevated incremental cash flow due to high gas prices and strong gas demand during winter months in Europe. The current gas price in Europe is EUR 82.6 per MWh which is equivalent to an oil price of US$162 per barrel.
The incremental production from the well represents approximately a 40% increase to ADX Austrian production which averaged 242 BOEPD during the quarter ending 30 September 2026.
The ongoing well work program will focus on production enhancement activities at ADX' Vienna Basin Fields, as well as the testing of the HOCH-1 gas discovery well within the ADX-AT-I exploration licence in Upper Austria. ADX is the operator and holds a 50% economic interest in the HOCH gas discovery. Figure 3 below shows the location of the Vienna Basin Fields and the Upper Austrian ADX-AT-I and ADX-AT-II exploration licences.
*MMSCFPD means Million Standard Cubic Feet Per Day
**BOEPD means Barrels of Oil Equivalent Per Day
For more details 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 |