Quarterly Activities Report - September 2025
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Quarterly Activities Report - September 2025
In the Activities Report for the Quarter Ended 30 September 2025, ADX Energy Ltd highlighted its accomplishments and future plans. Summary of the Results: - Average net production rate decreased by 17% - Average oil price increased by 2% - Sales revenue increased by 23% - Unrestricted cash decreased by 17% Key Highlights: - Land secured and drilling permits obtained for Shallow Gas Prospects - Environmental clearance obtained for Welchau-1 well testing in January 2026 - Sicily Channel Gas Exploration Permit awarded - Commitment to purchase Anshof Permanent Production Facility Planned Activities for the Next Quarter: - Investigate potential dual listing on Oslo Børs’ Euronext Growth market - Finalize Upper Austria testing and drilling work program for 2026 - Maturation of new shallow gas prospects - Farmout transaction for funding ADX’ interest in the ADX-AT-II GOLD Area cluster - Explore Anshof Near Field Oil prospects using reprocessed 3D Seismic Executive Chairman, Mr Ian Tchacos, emphasized ADX's focus on organic growth through low-risk shallow gas targets and highlighted ongoing project opportunities in Austria and Italy. For more details and
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