ADX Energy Updates on Austrian Operations
Key points
- Hochfeld-1 (HOCH-1) well encountered eight biogenic gas reservoirs
- Phase 1 testing completed with gas flow rates up to 3.15 MMCFPD
- Phase 2 testing to focus on Hall Channel zones starting 15 December 2026
- Work over rig program to enhance Vienna Basin production by 100 BOEPD
- Program combining HOCH-1 testing and Vienna Basin production enhancement starts 19 October 2026
Full summary
ADX Energy Ltd has completed Phase 1 of the HOCH-1 shallow gas exploration well testing, encountering up to eight biogenic gas reservoirs within the Hall basin floor fan and Base Hall Channel formations. Phase 1 testing produced gas at rates averaging 2.7 to 3.15 MMCFPD. Phase 2 testing, scheduled to start on 15 December 2026, will focus on the Hall Channel zones. Additionally, a work over rig program combining production enhancement work at ADX's Vienna Basin fields and the HOCH-1 testing program is set to commence on 19 October 2026. This program aims to enhance Vienna Basin production by approximately 100 BOEPD.
Guidance
Vienna Basin well work expected to add approximately 100 BOEPD of oil and gas production
Outlook
ADX plans to report on the results of the Vienna Basin well work program and further gas reservoirs testing work at HOCH-1 over the coming month.
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