ADX Energy Identifies Multiple Viable Gas Zones at Hochfeld-1 in Upper Austria

An announcement from ADX Energy ( (AU:ADX) ) is now available.

ADX Energy has reported that wireline logging at its Hochfeld-1 shallow gas exploration well in Upper Austria has identified seven gas-bearing zones within the deeper Base Hall channel formation. These intervals, with a combined net sand thickness of 4 to 6 metres along the hole, are interpreted as viable, productive gas reservoirs expected to support commercial production based on performance at offset wells and nearby producing fields.

The well has been drilled to a total measured depth of 1,685 metres, penetrating the entire Base Hall channel zone and entering the Upper Puchkirchen formation, while an earlier intra Hall Formation target appears unlikely to be a commercial reservoir due to low net-to-gross. ADX will now run and cement 4½-inch casing and install a completion ahead of perforation and production testing, likely co-mingling multiple zones, marking a key step in de-risking its shallow gas strategy in Upper Austria and potentially adding a new commercial gas source to its portfolio.

More about ADX Energy

ADX Energy Ltd is an Australasian oil and gas exploration and production company focused on conventional hydrocarbon prospects in Upper Austria. The company is advancing a portfolio of shallow gas projects, with the Hochfeld-1 well the first of three planned exploration wells targeting gas-bearing formations in the ADX-AT-I exploration licence.

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