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News: ADX Adx Energy Secures Farm-In Funding To Drill Giant Welchau Gas Prospect In Upper Austria

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    29/11/22
    11:50
    Post #: 65045728

    Nov 29 (Reuters) - Adx Energy Ltd (ADX) :

    • SECURES FARM-IN FUNDING TO DRILL GIANT WELCHAU GAS PROSPECT IN UPPER AUSTRIA
    • KEPIS & POBE FINANCIAL GROUP TO FUND 50% OF WELL COSTS TO EARN A 20% PARTICIPATING INTEREST IN WELCHAU FARMIN AREA
    • WELCHAU-1 WELL COST IS BUDGETED TO BE A$5.9 MILLION
    • KPFG MAY ALSO ELECT TO FUND FURTHER 50% OF WELCHAU-1 WELL COST TO EARN FURTHER 20% STAKE IN WELCHAU FARMIN AREA
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