• Commercial production at Anshof-3 has started at a stable rate of 100 bbl/d (80 bbl/d net to ADX). This increases overall production by approximately 30% to >350 boe/d.
• The well is producing above expectations but is constrained by trucking and storage capacity. Production from Anshof-3 could increase in the future (the well was tested at up to 135 bbl/d).
• An independent reserves estimate is expected to be published soon.
• Two further Anshof wells are expected to be drilled in 3Q/4Q23 to ....

24 Oct 2022
ADX Energy Limited (ASE: ADX): Good production rate at Anshof. Busy months ahead.

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
ADX Energy Limited (ASE: ADX): Good production rate at Anshof. Busy months ahead.
• Commercial production at Anshof-3 has started at a stable rate of 100 bbl/d (80 bbl/d net to ADX). This increases overall production by approximately 30% to >350 boe/d.
• The well is producing above expectations but is constrained by trucking and storage capacity. Production from Anshof-3 could increase in the future (the well was tested at up to 135 bbl/d).
• An independent reserves estimate is expected to be published soon.
• Two further Anshof wells are expected to be drilled in 3Q/4Q23 to ....