ADX
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Company News
ADX Energy to investigate use of depleted Austrian oilfields for hydrogen storage
WA-based oil and gas producer ADX Energy (ASX: ADX) has commissioned German consulting firm Horváth & Partners to complete a study into the potential usage of already-depleted reservoirs at ADX’s Gaiselberg and Zistersdorf oil fields in Austria’s onshore Vienna Basin for hydrogen storage. First acquired in late 2019 for $3.5 million, the fields have been […]
Parta farm-in deal to go ahead as ADX Energy receives two-year licence extension
ADX Energy (ASX: ADX) has been granted a two-year extension for its Parta oil and gas exploration block, satisfying an important condition of a recently announced farm-in deal for the onshore Romanian project. The Parta exploration licence is currently 100% held by a wholly-owned subsidiary of Danube Petroleum, which is 67%-owned and operated by ADX […]
ADX Energy farms out Nilde offshore oil project in hopes for Italy’s green light
ADX Energy (ASX: ADX) has brought in a joint venture partner to progress the appraisal of its Nilde oilfield redevelopment project offshore Italy. The company today announced it has signed an agreement with London-based oil and gas services company SDP Services to farmout a 50% stake in the d 363 CR-AX permit, containing the Nilde […]
ADX Energy evaluates Dougga gas discovery to aid funding talks for appraisal well
Ahead of a planned appraisal well, ADX Energy (ASX: ADX) has released the independent evaluation results of its Dougga gas condensate discovery offshore Tunisia, including a 63% increase in best estimate contingent resources. The Dougga discovery, as well as its potential extension, the Dougga South West prospect, is located within ADX’s wholly-owned Kerkouane licence. The […]