Eurosceptic I appreciate your analysis and Adx has been a dog with fleas without fortune for many years.
It is no surprise that they have troubles to maintain the production rate from the two very mature oil assets in the Vienna Basin, (which were discovered in WW 2 or so).
BUT the Anshof oil discovery is a brand new oil field. Let's hope for a little bit more luck for the Anshof appraisal and development wells this autumn 2022 and for an acceptable new oil production rate and Anshof can become a little cash machine for Adx.
And the planned Welchau is a very interesting exploration speculation with the potential of a game changer. But it is a speculation : blue sky or duster.
Romanian well technical report, page-20
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