• The ADX-AT-1 and ADX-AT-II licence areas have been expanded from 450 km2 to an area now encompassing 1,022 km2 at a minimal cost. The additional licence areas will be valid for up to 16 years without any relinquishment foreseen. The associated work programme can be covered by the drilling of one well.
• The portfolio expansion includes the Welchau 750 bcf prospective resources gas prospect that is potentially connected to a gas discovery at the Molin-1 well downdip to a potential new drilling ....
16 May 2022
ADX Energy Limited (ASE: ADX): Adding very high impact gas exploration in Austria
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ADX Energy Limited (ASE: ADX): Adding very high impact gas exploration in Austria
• The ADX-AT-1 and ADX-AT-II licence areas have been expanded from 450 km2 to an area now encompassing 1,022 km2 at a minimal cost. The additional licence areas will be valid for up to 16 years without any relinquishment foreseen. The associated work programme can be covered by the drilling of one well.
• The portfolio expansion includes the Welchau 750 bcf prospective resources gas prospect that is potentially connected to a gas discovery at the Molin-1 well downdip to a potential new drilling ....