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ADX Energy ( (AU:ADX) ) has shared an update.
ADX Energy Ltd reported a 23% increase in production for the quarter ending June 30, 2025, despite a 10% drop in oil prices. The company is advancing its Shallow Gas Portfolio in Upper Austria, aiming for a multi-well drilling program in early 2026. ADX also increased its stake in the Anshof Field Area and is preparing for exploration and appraisal activities to boost production. The company is addressing environmental objections to resume testing at the Welchau-1 site and anticipates the formal granting of the Sicily Channel Permit, which will allow further resource assessment.
More about ADX Energy
ADX Energy Ltd is an energy company primarily engaged in the exploration and production of oil and gas. The company focuses on developing low-risk, high-value gas and oil prospects, particularly in Upper Austria and the Sicily Channel offshore Italy.
Average Trading Volume: 413,167
Technical Sentiment Signal: Sell
Current Market Cap: A$15.09M
See more insights into ADX stock on TipRanks’ Stock Analysis page.