ADX Energy (AU:ADX) has released an update.
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ADX Energy has commenced production from its Anshof-2A well in the Anshof Oil Field, boosting its total output to 170 barrels per day. The well, which encountered an impressive 6.5-meter oil column, enhances ADX’s production capabilities and underscores the company’s potential for further development and exploration in the area. With a 60% economic interest in the well, ADX is well-positioned to capitalize on this growth opportunity.
For further insights into AU:ADX stock, check out TipRanks’ Stock Analysis page.
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