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ADX Energy and Aminex report progress in gas exploration projects
ADX Energy Ltd has reported positive results from its Hochfeld-1 (HOCH-1) shallow gas exploration well in Upper Austria. Recent Phase 1 testing, which commingled Zones 2, 3, 4, and 5, achieved an average gas flow rate of 3.15 million cubic feet per day (MMCFPD), or approximately 548 barrels of oil equivalent per day (BOEPD).
The company noted that three additional zones have flowed water-free gas, increasing confidence in the commercial potential of the site. Post-drill 3D seismic mapping suggests significant lateral extensions of several sand bodies, potentially indicating that deeper, untested zones are also gas-filled. Phase 2 testing is planned to target deeper Hall Channel zones.
Separately, Aminex PLC saw its shares surge by as much as 51.1% following reports of high-level regulatory discussions regarding the Ntorya gas project in Tanzania. These talks involve the Tanzanian Ministry of Energy and other national authorities to coordinate the regulatory and operational steps necessary for the project’s development.
Entities
ADX Energy Ltd · Aminex PLC · Hochfeld-1 Well · Ntorya gas project · Tanzania Ministry of Energy
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Three additional zones in the HOCH-1 well have flowed water-free gas. www.finnewsnetwork.com.au · www.sharecafe.com.au
- [● 2 SOURCES] ADX Energy reported enhanced gas flow at the Hochfeld-1 (HOCH-1) well in Upper Austria. www.finnewsnetwork.com.au · www.sharecafe.com.au
- [● 2 SOURCES] The 3.15 MMCFPD flow rate is equivalent to 548 barrels of oil equivalent per day (BOEPD). www.finnewsnetwork.com.au · www.sharecafe.com.au
- [○ 1 SOURCE] Aminex PLC shares rose as much as 51.1% following news of regulatory discussions for the Ntorya gas project. www.share-talk.com
- [○ 1 SOURCE] High-level regulatory discussions are underway involving Tanzania’s Ministry of Energy regarding the Ntorya gas project. www.share-talk.com
- [● 2 SOURCES] Phase 1 testing of commingled Zones 2, 3, 4, and 5 achieved an average gas flow rate of 3.15 MMCFPD. www.finnewsnetwork.com.au · www.sharecafe.com.au