Key points
- ADX Energy submits a third permit application to the Italian Ministry
- Application covers 517 km2, adjacent to existing permits
- Total area of new applications and existing permit is approximately 1650 km2
- Application follows a competitive process with a 90-day environmental impact assessment period
- ADX will provide updates as the application process progresses
Full summary
ADX Energy Ltd (ASX:ADX) has submitted a third exploration permit application to the Italian Ministry of Environment and Energy Security to secure a third exploration permit named d 370 C.R-.AU with an area of 517 km2. This application is in addition to the two previously announced exploration permit applications submitted on August 19, 2026. The new applications, along with the existing C.R 150.AU Exploration Permit, cover a total area of approximately 1650 km2 in the Sicily Channel, offshore Italy. The applications are part of ADX's ongoing efforts to expand its gas exploration activities in the region, which has been identified as a valid biogenic gas play based on regional geology and analogous discoveries.
Outlook
ADX will provide updates as the application process progresses, including the outcome of the environmental impact assessment.