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ADX Energy ( (AU:ADX) ) just unveiled an update.
ADX Energy has released an investor presentation outlining its investment proposition and operating strategy as a Europe-focused oil and gas producer and explorer, highlighting independently audited developed reserves in its Zistersdorf and Gaiselberg fields in the Vienna Basin and the Anshof project in Upper Austria. The company emphasises its compliance with internationally recognised PRMS reserve and resource classifications, the independent review of its production forecasts, costs and project economics by RISC Advisory, and the technical oversight of its Austrian and Italian prospective resources, providing investors and stakeholders with greater transparency and confidence in the quality and reliability of its reported reserves and growth potential.
The most recent analyst rating on (AU:ADX) stock is a Sell 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 Ltd is an Australia-listed (ASX: ADX) oil and gas producer and explorer with a European focus, holding developed fields in the Vienna Basin and Upper Austria as well as prospective resources in Austria and Italy. The company’s activities span exploration, appraisal, development and production of hydrocarbons, underpinned by independently audited reserves and resource assessments aligned with PRMS standards.
Average Trading Volume: 1,535,641
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$19.46M
Learn more about ADX stock on TipRanks’ Stock Analysis page.