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pts20240314029 Environment/Energy, Business/Economy

ADX Energy adheres to nature conservation regulations

Concrete results from the “Welchau-1” natural gas well are expected by the end of March

Linz/Vienna (pts029/03/14/2024/5:05 p.m.)

On Thursday in Linz, the activist group "Pro Natur Steyrtal" accused the natural gas company ADX Energy of violating the requirements of the Upper Austrian state government's nature conservation decision.In response, all companies involved in the test drilling strictly adhere to the nature conservation requirements.“The fact that unintentional events can occur in individual cases during construction and drilling work cannot be avoided,” says ADX Austria Managing Director Alan Reingruber.

The drilling opponents have initiated three “criminal proceedings” against ADX for violations of notice requirements, which are currently being processed by the district administration authority.All three allegations are taken seriously by the company, but can be easily refuted.ADX boss Reingruber: "There was and is no exceeding of the approved drilling site size, nor can the transport companies involved be seriously accused of inadequate cleaning or improper operation of trucks."

These and other allegations - such as failure to comply with gradients that are intended to prevent polluted surface water from seeping into the groundwater and not storing topsoil and subsoil separately - are attempts to tarnish the reputation of an international company and the competence of local companies and To question professionals.Neither the attacks nor the legal proceedings would lead to a delay or cessation of the "Welchau-1" drilling operation.

ADX is currently unable to comment on the other claims made by drilling opponents.What the further procedure will look like in the event of a gas discovery will be announced in due course.ADX is also unable to provide any further explanation regarding the alleged “incident” on February 17th between drilling opponents and employees of the Scurity company commissioned by ADX at the drilling site in Molln.“The independent courts will speak.”

ADX notes that the legally approved natural gas exploration well “Welchau-1” in the municipality of Molln is progressing to the company’s satisfaction and is fully adhering to the specified time and drilling plan.Concrete results are expected by the end of March."We are confident that we will reach the specified target of 1,900 meters depth and then be able to say more about the nature of the subsoil."

Release:
ADX Energy
Dr.Wilfried Seywald |[email protected] |0699-18114006
[email protected]

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	Sender:	ADX Energy Ltd.
1	Contact person:	Vesna Blazevic
2	Tel.:	+43 676 6893465
3	E-mail:	[email protected]
4	Website:	www.adx-energy.com