ADX Energy Ltd (ASX:ADX) Operations Update on Welchau-1
Testing Operations Update
ADX Energy Ltd (ASX:ADX) has announced a potential interruption to testing operations at the Welchau-1 well due to a recent judicial review by the Austrian Constitutional Court. The court’s decision has resulted in the repeal of an article that prevented environmental NGOs from securing a suspension of operations.
Environmental Clearance and Court Decisions
ADX holds a 75% economic interest in the Welchau discovery and associated prospects within the ADX-AT-II licence area in Upper Austria. The Welchau-1 well was drilled in early 2024, with operations suspended in March due to environmental regulations limiting drilling to winter months. Testing commenced in November 2024, but the well was recently shut in after an initial flow test indicated limited inflow.
Executive Comments
“The Board of ADX is concerned about this recent development; however, we anticipate that the situation will be resolved in the near future,” said Ian Tchacos, Executive Chairman of ADX Energy. He noted the increasing interruptions to permitting processes by special interest groups, highlighting the significance of energy security for Austria and the compelling potential of the Welchau play. ADX continues to monitor the well to evaluate pressure build-up and the nature of fluid flow.
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