ADX Energy Ltd.: Anshof 2A Sidetrack Oil Appraisal Well Operations Report No 1

Anshof 3 PPF and Anshof 2A drilling location; ADX Energy Ltd.

Wien (pta012/09.09.2024/10:07 UTC+2)

Key points:

• The Anshof-2A ("ANS-2A") side track oil appraisal well, located in the ADX-AT-II licence in Upper Austria, spudded at 06:00 am Central European Time on the 7th of September 2024. ADX is the operator and has a 60% economic interest in the well.
• The well will target thicker and high porosity Eocene reservoirs expected up dip of the Anshof-3 producing well.
• The well is expected to take approximately 14 days to drill. If successful, the well will be tied-in to the Anshof permanent production facility which is currently processing oil from the Anshof-3 well.
• The RED Drilling & Services GmbH (RED) E-202 rig is being used to drill the ANS-2A side track appraisal well. The same rig was used to drill the Anhof-3 discovery well.
• The current and planned operations are continuing to drill ahead in 8 1/2" hole to a planned TD of approximately 2160 m MD.
• The next weekly Operations Report will be provided on 16th September 2024. Well drilling results will be provided as they become available.
• ANS-2A is the first of a two well program to be followed by the Lichtenberg 1 (LICHT-1) gas exploration well in the ADX-AT-I licence.

For more details please see the PDF file.

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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