ADX Energy upgrades Welchau gas and light oil prospective resources to 387 Bcf and 31 MMbbl

Reuters

03/03

ADX Energy upgrades Welchau gas and light oil prospective resources to 387 Bcf and 31 MMbbl

ADX Energy Ltd. has upgraded its prospective resources at the Welchau project in Austria, estimating a P(mean) 387 Bcf of gas and 31 MMbbl of light oil and condensate. The company said testing at the Welchau-1 well has confirmed a potentially significant light oil accumulation, while the primary gas-condensate target remains below the current total depth. ADX plans to access the main gas objective by deepening the existing well by around 600–700 metres, which it says could be done economically.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADX Energy Ltd. published the original content used to generate this news brief via pressetext (Ref. ID: 202603030904PRESSTXTEUPR____8835FE283C704243E0E2174B9DFFDE2) on March 03, 2026, and is solely responsible for the information contained therein.

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The company said testing at the Welchau-1 well has confirmed a potentially significant light oil accumulation, while the primary gas-condensate target remains below the current total depth. ADX plans to access the main gas objective by deepening the existing well by around 600–700 metres, which it says could be done economically.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADX <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>. published the original content used to generate this news brief via pressetext (Ref. 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The company said testing at the Welchau-1 well has confirmed a potentially significant light oil accumulation, while the primary gas-condensate target remains below the current total depth. ADX plans to access the main gas objective by deepening the existing well by around 600–700 metres, which it says could be done economically.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADX <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>. published the original content used to generate this news brief via pressetext (Ref. ID: 202603030904PRESSTXTEUPR____8835FE283C704243E0E2174B9DFFDE2) on March 03, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADX.AU","symbol_name":"ADX ENERGY LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260303:nNDLcbWb4s:1","article_id":"2616325445","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616325445","pubTimestamp":1772546801,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"ADX Energy Ltd. has upgraded its prospective resources at the Welchau project in Austria, estimating a P 387 Bcf of gas and 31 MMbbl of light oil and condensate. 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The company said testing at the Welchau-1 well has confirmed a potentially significant light oil accumulation, while the primary gas-condensate target remains below the current total depth. ADX plans to access the main gas objective by deepening the existing well by around 600–700 metres, which it says could be done economically.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADX Energy Ltd. published the original content used to generate this news brief via pressetext (Ref. 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