ADX Energy Ltd.: Vienna Basin Fields Behind Pipe Program Delivers 35% Increase in Austrian Production
Perforation of GA-10A and GA-93 wells has provided an approx. 75 BOEPD increase in production
Wien (pta007/09.07.2026/08:58 UTC+2)
Key points:
- ADX holds a 100% equity interest in the Vienna Basin Fields located in Lower Austria approximately 70km Northeast of Vienna.
- ADX has commenced a workover program of existing wells to improve production and enhance profitability.
- ADX is also planning a program of infill and appraisal drilling in 2027 to further enhance production and reserves from the fields.
- The GA-10A well and GA-93 well behind pipe perforation program has provided additional production of 24 BOPD oil and 52 BOEPD (gas) respectively
- The behind pipe program has increased Vienna Basin field production from approx.150 BOEPD to 220 BOEPD. The ADX net Austrian production (including the Anshof Field in Upper Austria) has increased to approximately 285 BOEPD (+35%).
- Additional Vienna basin oil and gas production is highly desirable due to:
- Low incremental operating costs.
- Less than 1% royalty,
- Brent equivalent oil pricing, and
- Central European Gas Hub gas pricing (currently approx. EUR48/ MWh or US$16.5 per MMBTU).
ADX Executive Chairman, Mr Ian Tchacos, said "The 35% increase in net Austrian production from the recent well work at our Vienna Basin fields is a positive outcome with further production growth identified from future work programs. Our local technical and operations team are evaluating further production enhancement opportunities including infill drilling and further behind pipe potential to increase production and reserves from the fields.
"We are planning a potential new development well and an appraisal well to be drilled in 2027. New wells on the field can be tied into infrastructure immediately at minimal cost thereby enhancing cash flow and economic returns"
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 |