Overview of ADX Energy's Anshof-2A well operations

ADX Energy Ltd (ASX:ADX) has announced the commencement of the Anshof-2A sidetrack oil appraisal well operations in the ADX-AT-II licence in Upper Austria. The well, spudded at 06:00 am Central European Time on the 7th of September 2024, is being operated by ADX with a 60% economic interest. It aims to target thicker and high porosity Eocene reservoirs up dip of the Anshof-3 producing well and is expected to take approximately 14 days to drill.

Executive commentary on the Anshof-2A well program and objectives

The Anshof-2A well program represents a significant milestone for ADX Energy as it aims to appraise the oil potential in a more crestal part of the structure, targeting a thicker section of the Eocene reservoir. The company's successful track record with the Anshof-3 well and the data obtained from the Anshof-2 well have been instrumental in optimizing the bottom hole location of ANS-2A. This well is expected to provide important depth control points, confirming additional Anshof related appraisal and development drilling opportunities, while advancing the maturation of follow-up prospects.

Summary of ADX Energy's Anshof-2A well operations and outlook

ADX Energy's commencement of the Anshof-2A sidetrack oil appraisal well operations marks a significant step in the company's exploration and appraisal activities in the Anshof field. The well's objectives include targeting thicker Eocene reservoirs and optimizing the bottom hole location based on data obtained from previous wells. If successful, the well will be tied-in to the Anshof permanent production facility, further enhancing the company's production capabilities. Additionally, the ANS-2A well is expected to provide important depth control points, confirming additional Anshof related appraisal and development drilling opportunities, while advancing the maturation of follow-up prospects. ADX Energy continues to assess the overall oil potential of the area and plans to provide further updates following the drilling and evaluation of the ANS-2A well.