ADX Energy Says Rig Mobilized to Austrian Well Site Ahead of Production Testing; Shares Up 3%

MT Newswires Live

2024/11/06

ADX Energy (ASX:ADX) said operations started ahead of production testing at the Wechau-1 discovery well in Austria with the mobilization of a workover rig to the site, according to a Wednesday filing with the Australian bourse.

All approvals have been received for flow testing for the period starting from Oct. 30 until Mar. 31, 2025, the filing said.

ADX holds a 75% stake in the Welchau exploration area, while MCF Energy owns the remaining 25%.

ADX shares rose 3% in afternoon trade.

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