ADX Energy Advances in Austrian Gas Exploration

ADX Energy (AU:ADX) has released an update.

ADX Energy Ltd reported the ongoing drilling operations of the LICHT-1 gas exploration well in Upper Austria, with a current depth of 1905 meters and an expected total depth of 2900 meters. The well targets potentially highly productive Upper Oligocene sandstone reservoirs, similar to nearby successful wells. ADX operates and holds significant economic interests in the well and surrounding licence areas, with future updates on the drilling operations scheduled.

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