Actus research

RESEARCH Readying-Up the Portfolio to return to drilling in Q42025 TP: A$0.30 SNAPSHOT 1Q25 net production was 246 boe/d. This is in line with our expectations. ADX held A$6.7mm in cash at the end of March. ADX is prioritizing production growth in Austria, with plans to advance up to 12 shallow gas prospects across ADX-AT-Iand ADX-AT-II where it has varied its exploration acreage to maximise exposure to the proven gas play. The company aims to secure a partner for the first cluster of three prospects in 3Q25, with two of these wells potentially being drilled in 4Q25. These prospects hold 4-6 bcf resources (per prospect) and carry very low geological risk. Initial production rates for typical wells are estimated at 10-15 mmcf/d. They can quickly be brought on production due to their proximity to open access pipelines. ADX intends to drill a new oil appraisal well in the Anshof area in 4Q25. The company continues to await a decision from the Austrian Ministry regarding its return to Welchau. In Italy, ADX anticipates receiving the Sicily Channel Gas Exploration Permit in May. SHAPE \* MERGEFORMAT DOWNLOAD THE REPORT HERE P: +61 (8) 9381 4266 E: [email protected] adxenergy.com.au 29 Bay Road, Claremont, Western Australia 6010 Copyright (C) 2025 ADX Energy Ltd. All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: ADX Energy Ltd 29 Bay Road Claremont, WA 6010 Australia Want to change how you receive these emails? You can update your preferences or unsubscribe. View in browser