ADX marketing towards retail and forums paying for it? Sponsoring media reports to get it's name out there !?
Doing interviews? Marketing? PR?
hmmmmm HC owns The market Herald I think and in teh past was accepting sharesas part of payment for services , media articles - advertising?

https://themarketherald.com.au/?s=adx

Also Interviews with Ian but I haven't teh transcripts for them?

"Shades Of Green – How ADX is turning its Oil revenues into ambitious green energy plays in Austria"

HIGHLIGHTS

• ADX Energy has just revealed it has signed a letter of intent with Siemens Energy (Market Cap approx $15 Billion) to develop and operate a Geothermal Pilot Plant on ADX’s exploration acreage in Austria.
• The deal will add to the considerable green and conventional energy projects ADX is pursuing in Austria which include: A Hydrogen storage business case, Oil exploration in Upper Austria and Oil production in the Vienna basin in Southern Austria.
• ADX is hoping to prolong the life of its oil production assets and open up new business streams for the business once its oil reservoirs are depleted.

1		Australian Oil Junior ADX Energy (ASX:ADX) has revealed the second of its ambitious green energy projects on its Austrian oil assets. ADX has agreed to build and operate a pilot geothermal energy plant in Austria, using innovative new technology being provided by German Mega-Corp Siemens Energy (Market Cap billion). The parties have all signed a letter of intent for the project, which will use geothermal power generation technology. The pilot program is expected to commence during the third quarter of 2021. ADX's role in the project will be to provide overall project management and to obtain the necessary regulatory permits. Siemens Energy will provide thermodynamic engineering work for the evaluation of the power generation system and a third party, RED Drilling, will undertake any drilling and well workover operations. ADX and RED have already found potential well test sites where existing wells can be reconfigured to implement the pilot project. Subject to the suitability of the wells and regulatory approvals, it is expected that the first downhole testing could be conducted in the third quarter of 2021.

Geothermal power generation can provide potentially cheap, constant and reliable carbon-free energy. The announcement comes hot on the heels of two other revelations earlier this year. The first was ADX’s reveal of an ambitious hydrogen play, to expand the life of the businesses gas reservoirs across Austria. Europe is the perfect market for this, as Hydrogen storage technology is progressing strongly, along with government subsidies and strong investor interest in the technology. The second was the improved hedging position ADX has found itself in thanks to the improved Oil price. This has freed up greater cashflows within the business, allowing them to develop their upper Austrian oil fields, their hydrogen business case and this freshly announced Geothermal pilot project.

ADX eyes integrated Austrian hydrogen operation

Matt BirneySponsored

Wed, 5 May 2021 7:51AM

In early 2020, ADX Energy hit upon a clever strategy namely, to use the company’s gas reservoirs in the Austria’s Vienna Basin to store “green” hydrogen. The concept is to use the excess power from nearby renewable energy installations to create cheap hydrogen gas for future usage. ADX’s expert hydrogen consultants, Horvath and Partners have now put forward a business case for a bolt-on hydrogen plant to augment the company’s Austrian gas operations saying ADX is ideally positioned to develop this potentially lucrative new, low-emission enterprise.

The move into green energy fits well with ADX’s ambitions to create a zero-carbon operation across its wholly owned Gaiselberg and Zisterdorf gas fields in the Vienna Basin. ADX and Horvath have now opened up dialogue with several of the renewable energy providers in the area surrounding the company’s gas fields. In the short term it will look to secure power for a one-megawatt pilot scale electrolyser plant to produce hydrogen for capture and storage.

The Board of ADX is very encouraged by the opportunity to expand our Business into green energy production, green energy storage and carbon abatement technologies by repurposing our production and exploration assets.

We are very fortunate to be a producer of safe, sustainable energy to the highest environmental standards as well as being very well positioned for a number of highly compatible, low carbon technologies including green hydrogen production and storage.

ADX Energy’s Executive Chairman, Ian Tchacos

ADX Energy is an ASX-listed oil and gas company with an array of operating and exploration assets in Austria, Romania and Italy. The company owns two project areas in Austria, namely the Upper Austria leases in the west of the country and ADX’s current focus, the Vienna Basin in the north-east of Austria.

The company’s lease holdings in the Vienna Basin include the Zisterdorf and Gaiselberg fields which host around 50 separate sub-surface oil and gas reservoirs, that are at various stages of development ranging from exploration through to production. An initial assessment of the field also shows around 10 to 20 of these gas reservoirs are now sufficiently depleted to act as efficient storage for either hydrogen or carbon dioxide.

ADX is now in discussions with various solar and wind turbine energy suppliers to provide off-peak power to a hydrogen plant proximal to the company’s gas fields. The demonstration plant will utilise excess power in periods of peak production to generate hydrogen via electrolysis – basically passing an electrical charge through water to split it into its key components of oxygen and hydrogen. The oxygen produced by the process is vented into the atmosphere whilst the hydrogen is captured and stored in the empty reservoirs.

Interestingly, when ignited hydrogen reverts to its original form giving off a tremendous amount of energy and producing water. This unique characteristic also makes it an ideal additive to natural gas, making the hydrocarbon burn more efficiently in a range of engines and generators.

Horvath and Partners’ business case for the Vienna Basin shows the expense of sub-surface hydrogen sequestration is at the lower end of the cost curve for energy storage when compared with battery or pump storage. Key to these cost savings is the use of existing infrastructure and lack of capital expenditure.

The demonstration plant modelling proposes the use of power from eight wind turbines to fill a single reservoir with the equivalent of 75 gigawatt hours’, or “GWh” worth of hydrogen – enough to power 20,000 houses for one year. Interestingly, the company estimates there is between 500-1000 GWh worth of storage capacity in the basin, enough to more power more than 250,000 houses per annum or a quite a substantial city.

Hydrogen is being increasingly recognised for its green credentials, with the company potentially attracting various subsidies from the European Union as it begins work on its pilot plant in the months ahead. ADX’s current plan is to continue its assessment of the market for its hydrogen fuel whilst securing potential energy supplies and beginning the approvals process for its new plant and infrastructure.

With hydrogen fast becoming the new lithium and a range of technologies being developed and modified to utilise this thermodynamic gas, ADX looks to be at the forefront of this latest wave in Europe’s green revolution.

Is your ASX-listed company doing something interesting? Contact:[email protected]