Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
ADX Energy ( (AU:ADX) ) just unveiled an update.
ADX Energy has begun mobilising a drilling rig for its Hochfeld-1 shallow gas exploration well in the ADX-AT-I licence in Upper Austria, with spudding expected on 16 April 2026. The company operates the prospect with a 50% economic interest and plans a roughly 14-day drilling and evaluation program to a depth of about 1,430 metres, suspending any successful well for production testing.
HOCH-1 targets Miocene Hall formation sandstones, where offset wells have achieved initial rates of up to 9 million standard cubic feet per day, and the prospect carries a mean prospective resource estimate of 8 BCF, with a high case of 17.3 BCF. The well is the first of three permitted shallow gas wells in 2026 and part of a broader portfolio that includes seven additional matured prospects, positioning ADX to capitalise on elevated European gas prices driven by constrained LNG supply and limits on Russian gas purchases.
More about ADX Energy
ADX Energy Ltd is an Australian-listed oil and gas explorer and producer with operations focused on Austria. The company targets conventional hydrocarbons, including shallow gas prospects in Upper Austria, aiming to expand its domestic European production base amid tight regional gas markets.
YTD Price Performance: 4.00%
Average Trading Volume: 2,653,487
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$23.25M
Learn more about ADX stock on TipRanks’ Stock Analysis page.