ADX Energy (ASX:ADX) Sets Austrian Production Growth Alongside Gold Gas Project Funding

Aditi Sarkar

06 November 2026 03:11 PM AEDT

ADX Energy (ASX:ADX) Sets Austrian Production Growth Alongside Gold Gas Project Funding

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

ADX reported average net Austrian production of 242 barrels of oil equivalent per day for the September quarter.
HOCH-1 delivered a 12-hour commingled gas test averaging 3.15 million cubic feet per day across four zones.
Empyrean agreed to earn a 10% economic interest in the GOLD cluster by funding 20% of GOLD-1 costs.
A November rights issue sought up to AUD 5.2 million to support the company’s activities.

Gas appraisal and higher production formed two strands of ADX Energy Limited (ASX:ADX)’s Austrian programme in 2026. Its September quarter combined producing-field improvement with HOCH-1 testing, while a GOLD cluster Investment agreement and a proposed entitlement raising added a financing dimension to near-term exploration.

Production Work Anchors the Austrian Portfolio

Average net production reached 242 barrels of oil equivalent per day in the September quarter, up 23% on the prior quarter’s 197. Vienna Basin work included new perforations in GA-10A and GA-93, with further well interventions scheduled after quarter end. The company reported AUD 3.13 million in sales and other cash receipts for the period. Its Anshof-3 and Anshof-2A wells also contributed oil sales, linking the broader exploration programme to existing production infrastructure.

HOCH-1 Testing Defines Another Gas Opportunity

In Upper Austria, HOCH-1’s initial testing across four zones averaged 3.15 million standard cubic feet of gas per day over a 12-hour commingled test. That is a flow-test result, not an established commercial production rate. ADX outlined additional testing intended to evaluate a deeper gas-bearing zone, with the next phase expected to help determine development options. Geological and seismic interpretation also continued across the surrounding licence portfolio.

GOLD Funding Advances Drill Preparation

Empyrean Energy entered an arrangement to earn a 10% economic interest in the GOLD cluster by contributing 20% of GOLD-1 drilling and testing costs. The company subsequently reported an executed energy investment agreement on 2 November. Preparations for GOLD-1 were being advanced alongside the planned PERG-1 near-field oil well. A separate renounceable rights issue announced on 2 November targeted up to AUD 5.2 million; an announced raising is distinct from funds already received.

Outlook: Next Milestones

ADX plans further Austrian well interventions, HOCH-1 testing and preparation for GOLD-1 and PERG-1. Timing and expenditure depend on the relevant funding, permits and field activities.

ADX shares were priced at AUD 0.011 on 6 November 2026, with a reported session change of 0.00%. Market Capitalisation stood at approximately AUD 11.92 million; the reported trading Volume was 200,000 shares.

FAQs

Q: What is the main 2026 development?

A: ADX reported average net Austrian production of 242 barrels of oil equivalent per day for the September quarter.

Q: What other progress has the company reported?

A: HOCH-1 delivered a 12-hour commingled gas test averaging 3.15 million cubic feet per day across four zones.

Q: What comes next?

A: ADX plans further Austrian well interventions, HOCH-1 testing and preparation for GOLD-1 and PERG-1. Timing and expenditure depend on the relevant funding, permits and field activities.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.