ADX Energy (AU:ADX) has released an update.
ADX Energy Ltd gears up for an active Q4 in 2024, with plans to kick off drilling at the Anshof-2A oil appraisal well in September, followed by a gas exploration well in the ADX-AT-I license in October. The company is also prepping for production testing of the Welchau-1 well, anticipating a detailed evaluation of its larger-than-expected hydrocarbon reservoirs. Investors might note that ADX’s partner, MND, is set to cover the first EUR 4.5 million of well costs in the MND Investment Area to secure a 50% stake.
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