ADX Energy (AU:ADX) has released an update.
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ADX Energy Ltd reports a significant 31% increase in Austrian net production, averaging 231 barrels of oil equivalent per day (BOEPD), and sales revenue of A$2.4 million this quarter. The company has successfully commissioned a new oil production facility at Anshof Field and is preparing for the drilling of both an oil appraisal well and a gas exploration well later this year. Following a successful A$13.5 million capital raise, ADX is poised for a transformative period with well-funded operations and high-impact exploration targets in its Austrian portfolio.
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