ADX Energy (AU:ADX) has released an update.
ADX Energy Ltd announces the promising update on the Welchau-1 discovery well, highlighting the intersection of three primary carbonate reservoirs with potential for hydrocarbon production in Upper Austria. The company, which has suspended operations to meet environmental permit conditions, is gearing up for an extensive testing program slated to begin on 15 October 2024. This program aims to ascertain the well’s productivity, the volume of connected hydrocarbons, and estimate recoverable resources for future development.
For further insights into AU:ADX stock, check out TipRanks’ Stock Analysis page.
