Adx Energy Ltd (AU:ADX) has released an update.
ADX Energy Ltd has reported a robust quarter with the discovery of a liquids-rich gas at the Welchau-1 well, installation of Anshof Permanent Production Facility, and plans for substantial operational advancements. Despite a 19% drop in Austrian production due to maintenance issues, the company achieved a sales revenue of A$1.83 million and maintains a healthy cash balance of A$7.16 million. Looking ahead, ADX is focusing on testing and assessing the Welchau-1 find, increasing Anshof-3 production, and preparing for upcoming drilling activities.
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