ADX uncovers double oil and gas prize in Austria

The West Australian02-04

Perth-based ADX Energy has lifted the lid on what it now believes is a dual-prize appraisal opportunity at its flagship Welchau discovery in Upper Austria.New technical studies have identified both an...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nADX uncovers double oil and gas prize in Austria\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-04 04:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/adx-uncovers-double-oil-and-gas-prize-in-austria-c-21526726><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Perth-based ADX Energy has lifted the lid on what it now believes is a dual-prize appraisal opportunity at its flagship Welchau discovery in Upper Austria.New technical studies have identified both an...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/adx-uncovers-double-oil-and-gas-prize-in-austria-c-21526726\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADX","symbol_name":"Adams Diversified Equity Fund","start_time":0,"source_url":"https://thewest.com.au/business/bulls-n-bears/adx-uncovers-double-oil-and-gas-prize-in-austria-c-21526726","article_id":"2608339974","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-21526726/c35b91047dba4aabc572294ae6e64cb46d4df7c0.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/bulls-n-bears/adx-uncovers-double-oil-and-gas-prize-in-austria-c-21526726","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608339974","pubTimestamp":1770149019,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"ADX Energy has identified a dual light oil and gas-condensate opportunity at Welchau in Austria, with updated mapping pointing to shallower, connected resources and multiple appraisal pathways.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADX":"Adams Diversified Equity Fund","BK4570":"地缘局势概念股","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","XLE":"SPDR能源指数ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"ADX在奥地利荣获石油和天然气双奖","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLE":1.5,"UCO":0.6,"SCO":0.6,"DUG":1.5,"ADX":1.5},"content_text":"Perth-based ADX Energy has lifted the lid on what it now believes is a dual-prize appraisal opportunity at its flagship Welchau discovery in Upper Austria.New technical studies have identified both an updip light oil target and a shallower-than-expected gas-condensate accumulation within a connected petroleum system.The technical update follows a thorough integration of drilling, pressure, and structural data from the Welchau 1 well, coupled with records from the nearby historic Molln 1 gas-condensate discovery. A revised seismic interpretation and extensive surface mapping supported the integrated findings.The company says this study has significantly improved ADX’s understanding of the Welchau anticline geometry and revealed new appraisal options that were not evident prior to drilling.At the heart of the update is the discovery of a light oil accumulation approximately 500 metres updip from the Welchau 1 well, sitting at the crest of the Welchau anticline. High-quality light oil with gas riding shotgun is a far more lucrative proposition than ADX’s initial gas-heavy interpretation.In parallel, updated pressure and structural analyses have demonstrated pressure continuity and aquifer communication between Welchau 1 and the downdip Molln 1 discovery, which flow-tested gas condensate in the late 1980’s.Importantly, this permeability connection now strongly hints at the existence of a large, overpressured and regionally extensive petroleum system, with gas-condensate resources thought to be contained at a shallower structural setting than previously anticipated.ADX says that Welchau 1 has already demonstrated its versatility as an appraisal tool. The well will be flow-tested in the coming weeks to verify the presence of movable oil within the field’s top Reifling Formation.If needed, the well will then be deepened to appraise the central duplex structure updip of the Molln 1 gas-condensate discovery, or sidetracked westwards to assess the updip light-oil potential.ADX estimates aggregated mean prospective resources of a blistering 18 million barrels of oil for the updip light oil target and 125 billion cubic feet of gas updip of Molln 1, based on probability analysis.Notably, these estimates do not include additional gas duplex structures identified in the updated structural model, leaving further upside on the table.The recent studies and field work substantiate the presence of a strategically significant light oil and gas discovery in the Welchau anticline, where Welchau-1 is interpreted to be interconnected with the historic Molln 1 gas condensate discovery. Of particular significance is the shallower structural setting of the potential gas condensate resources, which are assessed to be in pressure communication with the Molln-1 well that successfully tested gas condensate in the late 80’s. ADX Energy executive chairman Ian TchacosWelchau sits within the Triassic Steinalm Limestone reservoir, part of the Northern Calcareous Alps hydrocarbon fairway - a proven petroleum province with multiple stacked reservoir targets and robust regional sealing.ADX’s updated structural model indicates that a duplex thrust system lies directly beneath Welchau 1, aligning updip with gas-condensate-bearing compartments intersected at Molln 1.With testing imminent and multiple appraisal pathways now defined, ADX is positioning Welchau as a strategically significant European oil and gas opportunity. The ability to pump both oil and gas targets from an existing well provides flexibility, capital efficiency and clear near-term catalysts as the company works to convert technical promise into commercial outcomes.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608339974","isCrawlerRequest":true}