ADX Energy Ltd., through its wholly-owned subsidiary Audax Energy S.r.l., has been granted the C.R150.AU Exploration Permit with a 100% equity interest. This award highlights the strategic role of Audax Energy S.r.l. in expanding ADX Energy's exploration efforts in the Sicily Channel, a promising offshore gas province. The permit is supported by historical seismic and drilling data, pointing to significant resource potential, including 369 BCF of best technical prospective resources from five high-graded gas prospects. This development underscores Audax Energy S.r.l.'s integral contribution to ADX Energy Ltd.'s growth in the energy sector.
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