ADX delivers major Welchau gas and oil resource boost
Resources upgraded to 387 Bcf gas and 31 MMbbl oil from previous 125 Bcf and 18 MMbbl estimates
Gas target accessible by deepening existing Welchau-1 well approximately 600 to 700 metres
Welchau-1 suspended to enable the monitoring of pressure build up and fluid inflow from recent testing operations that recovered a light oil and gas
All happening when gas prices in Europe are up 50% overnight
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