ADX Energy (AU:ADX) has released an update.
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ADX Energy is gearing up for the flow testing of its Welchau-1 discovery well in Upper Austria, where it holds a 75% stake. The testing is set to begin in about a week, focusing on two significant Triassic-Mesozoic reservoirs. This development could potentially unlock valuable high-quality light oil and associated gas reserves, offering a promising opportunity for investors.
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