ADX Energy starts well work in Austria to lift Vienna Basin output
ADX Energy has begun an eight-week well work program in Austria, aiming for about 100 BOEPD of extra output and HOCH-1 gas testing, per Reuters.
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what happened
ADX Energy Ltd. has started a workover program with an MB Well Services rig, according to Reuters. The campaign covers its 100% owned Vienna Basin fields and testing of the HOCH-1 gas discovery in the ADX-AT-I licence, where the company acts as operator and holds half of the economic interest.
The program is expected to take about eight weeks, with the first work on a new gas zone in the Vienna Basin scheduled for the week of 9 November.
why it matters
Management points to strong winter gas demand and a European gas price of EUR 86 per MWh, which it says supports the economics of the work. The combined expected uplift is small, around 100 BOEPD, so the news matters mainly for the company's own shares and for the niche Austrian gas segment.
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instruments
sources
- PTA-News: ADX Energy Ltd.: Commencement of Austrian Well Work — Reuters, 6 November 2026 at 09:53 UTC
- Commencement of Austrian Well Work — Reuters, 6 November 2026 at 09:53 UTC
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