ADX Energy Completes Independent Audit of Austrian Reserves

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

ADX Energy has announced the completion of an independent audit of its developed reserves in Austria, conducted by RISC Advisory Pty Ltd. This audit, which includes evaluations of production forecasts, cost estimates, and project economics, classifies production from existing wells as Developed Producing and from planned recompletion as Developed Non-Producing. The audit’s results are expected to provide a clearer picture of ADX’s resource potential and could influence future investment decisions, enhancing its position in the energy sector.

More about ADX Energy

ADX Energy Ltd is a European-focused energy company engaged in the exploration, appraisal, and development of oil and gas resources. The company operates primarily in Austria and Italy, with a focus on leveraging its technical expertise in geophysics and engineering to explore and produce energy resources.

YTD Price Performance: 90.0%

Average Trading Volume: 62,850

Technical Sentiment Signal: Buy

Current Market Cap: $7.96M

For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.