ADX Energy Submits Sicily Channel Gas Play Expansion Permits
Key points
- ADX Energy submitted two permit applications to expand in Sicily Channel
- Applications cover areas of 573.3 Km2 and 213.7 Km2
- Permits are adjacent to ADX's existing CR 150.AU Permit
Full summary
ADX Energy Ltd (ASX:ADX) has submitted applications to the Italian Ministry of Environment and Energy Security for two new permits, named d 368 C.R.-AU and d 369-C.R.-AU, covering areas of 573.3 Km2 and 213.7 Km2 respectively. These permits are adjacent to ADX's existing CR 150.AU Permit in the Sicily Channel offshore Italy. The applications were published in the Official Hydrocarbon Bulletin (BUIG) of July 2026. ADX holds a 100% interest in the CR 150.AU Permit, and the new applications aim to expand exploration in the Miocene aged, Terravecchia Formation, which has been identified as a valid biogenic gas play by RISC Advisory Pty Ltd.
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