ADX Energy (AU:ADX) has released an update.
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ADX Energy has conducted a flow test on the Steinalm formation in its Welchau-1 discovery well in Upper Austria, revealing most liquid flow from the lower interval. With a 75% economic interest in the Welchau Investment Area, ADX plans further testing on the Reifling formation, which could impact future exploration strategies.
For further insights into AU:ADX stock, check out TipRanks’ Stock Analysis page.
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