September 30, 2024 - Auctus AdvisorsNext steps at...

September 30, 2024 - Auctus Advisors

Next steps at Welchau-1
Welchau-1 will be tested from October to March. The key reservoirs are
Steinalm and Relfing, holding ~80% of the resources. In each test the well
may be acidised to optimise well performance. In case of success and with
appropriate permitting, ADX could either produce from Welchau-1 as a
longer-term producer, extend it by 500–1000 m to assess deeper exploration
potential or drill a horizontal sidetrack to assess the production and reserves
potential of a high angle well designed to optimize recovery from fractures.