Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 15 days · First seen about 1 month ago · Last updated 19 days ago

ADX Energy gas exploration in Austria

Overview

ADX Energy has reported progress in gas exploration at its HOCH-1 shallow gas well in Upper Austria. Initial Phase 1 testing of the Hall zone produced water-free gas at an average flow rate of 2.7 MMCFPD. Subsequent testing, which commingled Zones 2, 3, 4, and 5, achieved an increased average flow rate of 3.15 MMCFPD.

Three additional zones have flowed water-free gas, which the company indicates increases confidence in the site’s commercial potential. Reprocessed 3D seismic data suggests significant lateral extensions of sand bodies, potentially indicating that deeper, untested zones are also gas-filled. Phase 2 testing is planned to target deeper Hall Channel sand zones.

Entities

Hochfeld-1 Well · Upper Austria · HOCH-1 · ADX Energy Ltd · Tanzania Ministry of Energy

Claims

What the coverage asserts, and how many sources carry each claim.

[● 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] Three additional zones in the HOCH-1 well have flowed water-free gas. www.finnewsnetwork.com.au · www.sharecafe.com.au
[● 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
[● 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

Timeline

19 days ago

[BUSINESS] 6 sources
ADX Energy and Aminex report progress in gas exploration projects
ADX Energy reports enhanced water-free gas flows at its HOCH-1 well in Austria, while Aminex PLC shares surge amid regulatory progress for the Ntorya gas project in Tanzania.
about 1 month ago

[BUSINESS] 3 sources
ADX Energy to resume gas testing at HOCH-1 well in Austria
ADX Energy will resume gas production testing at its HOCH-1 well in Upper Austria, following initial tests that showed promising flow rates and reservoir productivity.

Sources

finanznachrichten.de · finnewsnetwork.com.au · mining.com.au · share-talk.com · sharecafe.com.au · thewest.com.au