ADX Energy Ltd.: HOCH-1 Shallow Gas Well - Commencement of Mobilisation
Wien (pta010/13.04.2026/10:22 UTC+2)
"Mobilisation of the MND Drilling & Services rig commenced on the 10th of April. Well spud is expected on the 16th of April. HOCH-1 is the first of three shallow gas prospects permitted for drilling in 2026."
Key points:
- The Hochfeld-1 ("HOCH-1") shallow gas exploration well will be drilled in the ADX-AT-I exploration licence in Upper Austria. (Refer Figure 1 in the attached Appendix). ADX is the operator and holds a 50% economic interest in the prospect.
- The HOCH-1 well will target highly productive shallow gas reservoirs within Miocene aged sandstones of the Hall formation. Similar Hall formation wells have recorded initial production rates of up to 9 mmscf/d.
- The HOCH prospect has a Mean Prospective Resource* potential of 8.0 BCF and a High Case Prospective Resource of 17.3 BCF (Refer to Figure 4 in the attached appendix and ASX release dated 30 January 2026).
*Prospective Resources are those estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially recoverable hydrocarbons.
For further Information 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 |