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ADX Energy ( (AU:ADX) ) has shared an update.
ADX Energy has outlined its 2026 work program in Upper Austria, confirming that flow testing at the Welchau-1 well will resume in early February 2026 using a contracted workover unit, initially targeting the shallow Reifling carbonate reservoir with stimulation measures to improve productivity. In parallel, the company is progressing environmental and mining permits and finalising service and rig contracts for a three-well shallow gas drilling campaign, starting with the HOCH-1 prospect, which has a mean prospective resource of 8 Bcf of 99% pure methane; permitting for HOCH-1 and GOLD-1 is expected by mid-January and for SCHOEN-1 by mid-February, positioning ADX to advance its Austrian gas portfolio and potentially strengthen its role in the regional gas market.
The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 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-based oil and gas exploration and production company listed on the ASX, with onshore operations in Austria focused on conventional gas and carbonate reservoirs. The company is advancing a portfolio of gas prospects, including shallow high-purity methane targets, within its Upper Austria licence areas as part of its European energy supply strategy.
Average Trading Volume: 1,303,031
Technical Sentiment Signal: Sell
Current Market Cap: A$15.86M
For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.