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The latest announcement is out from ADX Energy ( (AU:ADX) ).
ADX Energy has announced the completion of an independent audit by RISC Advisory Pty Ltd for its Zistersdorf and Gaiselberg fields in the Vienna basin and Anshof in Upper Austria. The audit evaluated production forecasts, cost estimates, and project economics, classifying production from existing wells as Developed Producing and planned recompletion as Developed Non-Producing. This audit underscores ADX’s commitment to transparency and could enhance its credibility and attractiveness to investors by providing a clearer picture of its resource potential.
More about ADX Energy
ADX Energy is a European-focused producer and explorer in the energy sector, primarily involved in the exploration, appraisal, and development of oil and gas resources. The company operates fields in Austria and Italy and is listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 409,743
Technical Sentiment Signal: Hold
Current Market Cap: A$17.5M
For a thorough assessment of ADX stock, go to TipRanks’ Stock Analysis page.