ADX.ASX: Vienna Basin Fields Delivers 35% Increase in Production

Vienna Basin Fields Delivers 35% Increase in Production

Stock	ADX Energy Ltd (ADX.ASX)
Release Time	9 Jul 2026, 8:50 a.m.
Price Sensitive	Yes

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ADX Energy Announces 35% Production Increase in Vienna Basin Fields

Key Points

ADX Energy achieved a 35% increase in Austrian production.
Behind pipe perforation program increased production from 150 BOEPD to 220 BOEPD.
ADX plans infill and appraisal drilling in 2027 for further production growth.
Vienna Basin Fields offer low operating costs, favorable pricing, and royalties.

Full Summary

ADX Energy Ltd (ASX:ADX) reported a 35% increase in net Austrian production following a behind pipe perforation program on two existing wells in the Vienna Basin Fields. The program increased production from approximately 150 barrels of oil equivalent per day (BOEPD) to 220 BOEPD, raising the company's total Austrian production to approximately 285 BOEPD. The company holds a 100% equity interest in the Vienna Basin Fields, located approximately 70 km northeast of Vienna. ADX has initiated a workover program to improve production and enhance profitability, with plans for infill and appraisal drilling in 2027. The additional production is highly desirable due to low incremental operating costs, less than 1% royalty, Brent equivalent oil pricing, and Central European Gas Hub gas pricing.