ADX is cash cow and is essentially self funding from its...

ADX is cash cow and is essentially self funding from its existing oil and gas production in the Vienna basin, they have received A$4.15mil revenue with production cost AUD882k and total A$1.6 cash flow was generated in last quarter based on 285 barrels of oil per day and they have another well in production from this quarter as well, so can expect ADX can generate net profit for A$2 ~ 3mil per quarter, and around A$10mil annually?






The real game changer will be the huge gas project which is located in the heart of Europe,
ADX gas project is Excellent with target for 850 Bcf - 1.6 Tcf gas in Austria, Now Austria natural gas price is 303 EUR/Mwh, which is equal ~3EUR/M3 natrual gas?

and 850BCF to 1.6TCF equals to 23,800 million m3 - 47,600 million m3;

So Welchau gas IGV worth = 71.4 billion EUR to 142 billion EUR = A$104 billion - A$207 billion;

And with Russia cut gas supply to Europe, the gas price will has FA support for long time;

https://euenergy.live/