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ADX Energy ( (AU:ADX) ) has provided an announcement.
ADX Energy announced the completion of an independent audit of its developed reserves in Austria, conducted by RISC Advisory. This audit, which evaluated 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 supports ADX Energy’s operational strategy and may enhance its industry positioning by providing stakeholders with verified data on its reserves.
More about ADX Energy
ADX Energy is a European-focused producer and explorer in the oil and gas industry. The company is involved in the exploration, appraisal, and development of oil and gas resources, with a market focus on Austria and Italy.
Average Trading Volume: 419,152
Technical Sentiment Signal: Sell
Current Market Cap: A$16.34M
For an in-depth examination of ADX stock, go to TipRanks’ Overview page.