ADX Energy (AU:ADX) has released an update.
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ADX Energy has reported initial flow testing results from the Welchau-1 well in Upper Austria, revealing challenges in obtaining sufficient reservoir fluid for analysis. The company plans further testing and analysis to determine the potential for hydrocarbon recovery, with results expected early next year. ADX holds a 75% interest in the Welchau Investment Area, partnering with MCF Energy, which funds a portion of the project costs.
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