Before the Anshoff-3 drill spudded ADX were targeting two...

Before the Anshoff-3 drill spudded ADX were targeting two primary indicated zones for oil as well as noting a possible zone of interest on the way down. Having now reached target depth ADX have confirmed the two targeted primary zones have both been proved up with oil hits as well as confirming a potentially significant gas zone in the afore-mentioned zone of interest, as had been previously interpreted.

This gives confidence their seismics, assessments and interpretations are very good/accurate and that they appear to be in some lucrative ground with this Anshoff discovery.

The anticipated wireline log results/reports from this current drill will surface in due course and if positive on all fronts, could/should be the catalyst that sees a favourable and positive rerating of the Company.

This is welcome news and very encouraging given the two future follow-up wells that are scheduled/planned and which now are just awaiting the final approval from the relevant (very enthusiastic) industry-receptive Austrian Government Agency.