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ADX Energy ( (AU:ADX) ) has shared an announcement.
ADX Energy reported a 24% quarterly decline in net production to 192 BOEPD and a 29% drop in sales revenue to A$1.6 million, largely due to mechanical failures that took several Vienna Basin wells offline, although unrestricted cash rose to A$4.7 million following an oversubscribed A$3.5 million capital raising. Operationally, the company has launched a well workover program to restore Austrian production, readied the Welchau-1 well for testing in February 2026, permitted three shallow gas prospects including HOCH-1—scheduled to spud in late March—and acquired the 3,000 BPD Anshof oil processing facility, while simultaneously updating prospective gas resources in its Sicily Channel permit to 619 BCF and advancing a planned dual listing on Oslo Børs’ Euronext Growth market to broaden its investor base and support future drilling-led growth. Management highlighted new technical work suggesting a substantial up-dip oil pool and significant down-dip gas accumulation around the Welchau discovery, positioning it as a potentially material asset, and signalled that improving European oil and gas prices, combined with upcoming testing, drilling and independent resource certification, could enhance ADX’s production outlook and attract further farm-in capital.
The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 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-headquartered oil and gas exploration and production company listed on the ASX, with a portfolio focused on onshore assets in Austria’s Vienna Basin and Upper Austria and an offshore permit in Italy’s Sicily Channel. The company is working to grow its European footprint through shallow gas and oil developments, appraisal of the Welchau discovery, and potential corporate initiatives such as a dual listing aimed at improving liquidity and access to European capital markets.
Average Trading Volume: 1,904,955
Technical Sentiment Signal: Sell
Current Market Cap: A$23.21M
For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.