Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from ADX Energy ( (AU:ADX) ).
ADX Energy Ltd has updated its Upper Austria Exploration Prospect Inventory, adding eight new prospects and removing four since its last update in June 2023. The company now has 24 drillable prospects with a mean prospective resource estimate of 374 BCF of gas and 31 MMBBL of oil, categorized into five proven play types, which include shallow gas and near-field oil plays, among others. This update reflects ADX’s strategic focus on enhancing its resource base and potential for accelerated production, positioning it for growth in the energy sector.
More about ADX Energy
ADX Energy Ltd is an energy company engaged in the exploration and development of oil and gas resources. The company focuses on developing its Upper Austria exploration prospects, which include shallow gas and near-field oil opportunities, as well as high-impact prospects.
Average Trading Volume: 412,558
Technical Sentiment Signal: Sell
Current Market Cap: A$18.09M
For a thorough assessment of ADX stock, go to TipRanks’ Stock Analysis page.