Energy
ADX Energy (ASX:ADX) is an ASX-listed, Europe-focused energy production and exploration company with oil and gas projects in Austria, Romania and Italy, and a focus on the implementation of low-carbon technologies.
In Austria, ADX is fast-tracking its near-term oil and gas activities with a focus on delivering cash from its Anshof oil discovery and drilling the world-class Welchau gas prospect.
The Welchau prospect has a best technical prospective resource of 750BCF, and was recently picked up when ADX finalised agreements with the Austrian Mining Authority which more than doubled its license area in country.
The area also incorporates the ZAM natural gas prospect, and the Gmunden multi-energy resource prospect which includes both gas and geothermal targets.
ADX also holds the Vienna Basin Green H2 project, where it is working towards its green hydrogen goals.
The projects allows ADX to contribute to Austrian and broader European gas supply security at a time when prices are soaring, while also providing a longer-term green energy transition focus.
In Western Romania, ADX operates the Parta exploration permit and the Iecea Mare production permit via a 49.2% equity interest in Danube Petroleum Limited. The area has good access to infrastructure, and the company is also studying its geothermal opportunities at Parta.
ADX also holds a 100% interest in the Nilde Oil Field redevelopment project off the coast of Italy.
ADX’s primary goal is to become a leading onshore European energy producer – and it is well on its way to doing so.
KEY PEOPLE
RELATED STOCKHEAD STORIES
News
Top 10 at 10: These ASX stocks are finishing the week on a high
Energy
ADX Energy preps flow test as big day for its Austrian Anshof-3 nears
Energy
Well work boosts ADX oil and gas production
Stockhead TV
Q-Wrapz: Barry chats with Ian Tchacos, Executive Chairman of ADX Energy (ASX:ADX)
Energy
Excitement builds at ADXs’ Anshof-3 well in Austria as drilling preparations get underway
Mining
Rock Yarns Podcast: ADX have an impressive start to 2022 with successful Austrian Anshof-3 drilling program
Energy
ADX is wasting no time getting Anshof-3 ready for production testing
Energy
ADX Energy cheers ‘extraordinary’ year, confirming commercial discovery at Austrian Anshof-3
Energy
It’s Day 23 and ADX Energy is 2,499m deep in Austrian hydrocarbons at Anshof-3 Well
Energy
Green Energy: Australia signs hydrogen partnership with Japan
Energy
ADX in good cheer with oil and gas find in Austria
Energy
ADX Energy powers past halfway mark on Day 10 of epic Austrian Tour de Anshof
Stockhead TV
90 Seconds With… Ian Tchacos, ADX Energy (ASX:ADX)
Energy
ADX Energy ticks Anshof-3 well spudding off its list in Upper Austria
Energy
ADX raises $2.85m to progress green hydrogen, geothermal and oil ambitions in Austria
Energy
ASX Green Energy stocks: ReNu Energy raises$2.3m to progress clean-energy investments and FFI turns hydrogen focus to Canada
Energy