ADX set for permanent oil flows from Anshof-3 well
ADX Energy is now permanently flowing oil from its Anshof-3 well in Upper Austria after it was shut in when it reached its allowable testing production numbers.
Source: thewest.com.au
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ADX Energy is now permanently flowing oil from its Anshof-3 well in Upper Austria after it was shut in when it reached its allowable testing production numbers.
<p>"Payment of EUR 1.93 million by MND to ADX for past costs and long lead drilling equipment satisfies final transaction condition"</p> <p> Summary</p> <p> * The transaction announced on 7 August 2023 between ADX VIE GmbH (ADX) and MND Austria a.s.</p>
ADX Energy Ltd has received a permit to drill the Welchau-1 well in the ADX-AT-II license in Upper Austria.