ADX Energy

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ADX Energy Ltd (ASX:ADX) has identified seven drill-ready shallow gas prospects in Upper Austria, with mean prospective resources of 29 Bcf. These prospects are low risk, low cost, and near existing gas infrastructure. A multi-well drilling program is planned to maximize value from these discoveries, with an emphasis on developing clusters of wells to optimize production rates and minimize costs.<br/><br/>The company has a partnership structure in place for potential farm-out transactions and has commenced discussions with potential partners. Operational planning, rig contracting, land acquisition, and permitting are underway for a multi-well drilling program starting in late Q4 2025 or Q1 2026.<br/><br/>Investors are encouraged to reach out with any questions about the company's exploration and development strategy, as well as the potential of the shallow gas prospects in Upper Austria. More information can be found in the detailed prospect summary released by ADX Energy Ltd.

Upper Austrian Shallow Gas Prospect Summary