One could say below is the maybe "paid" german view...

One could say below is the maybe "paid" german view (translated)
Yes the same news but I like the slant that they put on it!!!

From the axino capital website:-


"From Germany and abroad, ADX Energy received numerous requests from institutional investors, family offices and experienced investors in the run-up to the placement. This not only enabled a quick settlement of the planned capital increase, but also secured an attractive issue proceeds from ADX Energy. It will enable a comprehensive exploration and development program in Austria and will significantly strengthen the Company's balance sheet.

The planned exploration and development program is focused on activities in Upper Austria and is expected to be completed in the second half of 2024. Its components include a detailed evaluation and analysis of the data and production tests of the Welchau-1 gas condensate. The exploration perspective of the Welchau-1 hole will also be assessed and the question of a potential deepening of the drilling drilled last winter will be discussed.

Another gas exploration drilling on the ADX-AT-I license and drilling, completion and integration of the Anshof-2A hole are also planned. Gas processing on the oil and gas fields of ADX Energy in the Vienna Basin has to be modernised. The plants for CO2 reduction are also to be brought up to date. Parts of the newly added capital will also be used as general working capital.

It is positive that ADX Energy has once again succeeded in attracting a number of new investors as shareholders. The great interest of investors not only underscores the attractiveness of the industry, but also shows that investors appreciate the work of ADX Energy to date and have clearly recognized and want to share the company's exceptional growth opportunities."