ADX Energy Ltd. Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025

Reuters

2025/05/19

<a href="https://laohu8.com/S/ADXRF">ADX Energy Ltd.</a> Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025

ADX Energy Ltd. has announced an update on its Upper Austrian Shallow Gas Play, highlighting the advancement of multiple gas prospects. The company has indicated that four shallow gas prospects in its 100% equity acreage are drill-ready, with an additional seven being matured. These prospects are characterized by low drilling costs, low risk, proximity to pipelines, and potential for quick development and high profitability. ADX is planning to commence drilling the first cluster of prospects in Q4 2025. The company is also engaging with potential farm-in partners to co-invest, leveraging a partnership model previously utilized with MND Austria a.s. and MCF Energy Austria GmbH. This project, two years in development, offers ADX an opportunity to rapidly expand its gas reserves and production in Austria, amid strong demand for gas in Europe. The company aims to drill the first target in a cluster of three prospects by the end of 2025.

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: 20250519009) on May 19, 2025, and is solely responsible for the information contained therein.

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Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ADXRF\">ADX Energy Ltd.</a> Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        ADX <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>. has announced an update on its Upper Austrian Shallow Gas Play, highlighting the advancement of multiple gas prospects. The company has indicated that four shallow gas prospects in its 100% equity acreage are drill-ready, with an additional seven being matured. 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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: 20250519009) on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ADX Energy Ltd. 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Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-19 16:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ADXRF\">ADX Energy Ltd.</a> Announces Drilling Plans for Upper Austria Shallow Gas Project Set to Begin Q4 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        ADX <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>. has announced an update on its Upper Austrian Shallow Gas Play, highlighting the advancement of multiple gas prospects. 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