Rock Yarns: ADX Energy has more than doubled its Austrian exploration
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Stock analysis veteran and lover of the resources game, Peter Strachan, is back for another instalment of the Rock Yarns podcast.
In this episode Peter chats to Ian Tchacos, executive chairman at ADX Energy (ASX:ADX).
ADX Energy is a European focussed oil and gas production and exploration company. The company operates projects in Austria, Romania and Italy, with a focus on the implementation of low-carbon technologies.
ADX has recently more than doubled its acreage in the Upper Austrian Basin with the acquisition of new ground that hosts potentially transformational gas and geothermal resources.
The company’s Anshof-3 well has performed better than expected with a maximum flow rate of 132 barrels per day of light crude during testing, higher than initial estimates of 75bpd.
Tune in to hear the pair cover these topics and more.
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