ADX Energy Ltd.: ADX finalises agreement to increase economic interest in the Anshof Field Area from 50% to 70%

ADX' share of Anshof oil production will increase from 58 to 72 BOPD

Anshof Oil Field and ear Field Appraisal and Exploration Potential; ADX Energy Ltd.

Wien (pta010/04.06.2025/09:34 UTC+2)

Key points:

• ADX Energy Ltd, via its 100% owned Austrian subsidiary Kathari Energia GmbH, has reached an agreement to acquire Xstate Resources Limited's (XST) 20% economic interest in the Anshof Field Area together with its rights and obligations in relation to the Anshof Field Area Partnership. The transfer of interest is subject to the consent of MND Austria a.s. (MND), ADX' remaining partner in the Anshof Field Area.
• The transaction does not involve any cash outflows for ADX as the consideration of EUR 547,075 is set off in full against unpaid cash calls owing to ADX by XST.
• ADX continues as Operator and now holds a 70% economic interest in the Anshof Field Area, all associated production infrastructure and the Anshof-3 well. ADX retains a 60% economic interest in Anshof-2A well. MND holds the remaining 30% economic interest in the Anshof Field Area with a 30% interest in Anshof-3 and a 40% interest in Anshof-2A production wells.
• As a result of the acquisition ADX' share of current Anshof oil production will increase from 58 to 72 BOPD (based on April 2025 production volumes). ADX' share of total Austrian current production increases to 307 BOEPD.
• XST is an ASX listed company that is currently suspended from trading. XST previously farmed into the Anshof-3 discovery well (XST Farmin) (refer to ASX release dated 22 November 2021). XST has no further rights or obligations with respect to the XST Farmin.

ADX Executive Chairman, Mr Ian Tchacos, said, "The Board of ADX is pleased to be able to secure this additional share of Anshof Field Area Partnership from XST, without any cash outlay. The additional share of production from the Anshof-3 well enhances ADX's cashflows and the Company's increased interest in the Anshof Field Area together with the related production infrastructure enhances our strategic position in future Eocene oil appraisal and exploration potential. We thank XST for their involvement in Anshof and wish them success in their future endeavours"

For further 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