ADX Energy Reports Lower Production but Higher Revenue in Q3 2025
Reuters
Oct 31, 2025
ADX Energy Reports Lower Production but Higher Revenue in Q3 2025
ADX Energy Ltd. has released its activities report for the quarter ended 30 September 2025, highlighting a 17% decrease in average net production rate to 251 BOEPD, primarily due to well downtime at the Vienna Basin Fields. The company plans five well workovers in Q4 2025 to restore production levels. Despite the production dip, average oil price (Brent) rose by 2% to US$69.07 per barrel, and sales revenue increased by 23% to A$3.2 million compared to the previous quarter. Unrestricted cash decreased by 17% to A$4.0 million. Looking ahead, ADX is preparing for a potential dual listing on Oslo Børs' Euronext Growth market, finalizing preparations for its 2026 Upper Austria drilling program, and concluding a farmout transaction for its GOLD Area cluster. The company also reported the formal award of the Sicily Channel Gas Exploration Permit, offshore Italy, with a best estimate prospective resource of 369 BCF.
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