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ADX Energy ( (AU:ADX) ) has shared an announcement.
ADX Energy has announced the completion of an independent audit of its developed reserves in Austria, conducted by RISC Advisory Pty Ltd. The audit evaluated the company’s fields, including production forecasts and project economics, classifying production from existing wells as Developed Producing and from planned recompletion as Developed Non-Producing. This audit is significant for ADX Energy as it provides a detailed assessment of its reserves, potentially impacting its operational strategies and market positioning.
The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.
More about ADX Energy
ADX Energy is a European-focused energy company engaged in the exploration and production of oil and gas resources. The company operates primarily in Austria and Italy, with a focus on developing and appraising oil and gas fields in these regions.
Average Trading Volume: 1,324,166
Technical Sentiment Signal: Sell
Current Market Cap: A$16.94M
Find detailed analytics on ADX stock on TipRanks’ Stock Analysis page.