MarketTalk Melbourne | Stockhead TV Interview | ADX Energy (ASX:ADX) | Ian Tchacos
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Загружено: 2024-03-21
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ADX Energy (ASX:ADX), Ian Tchacos, Executive Chair | Interview with STOCKHEAD TV
ADX is a producer, developer and explorer of hydrocarbons with an asset base predominantly in Austria, Europe where its flagship Welchau-1 gas exploration well resides.
Earlier this week the well intersected 115m of condensate-rich gas shows in the primary target formation from 1,452m, paving the way for a very large potential commercial reserve only 14m from an open access pipeline.
Tchacos told Stockhead the results are in line with pre-drill expectations, confirming the exceptional geological and technical work by the company’s Vienna team supported by local and international experts.
“Looking forward we’re going to be doing some down-hole logging which will give us greater confidence in what we’ve got, understand the pressure regime, how well it might flow and then later on in a few months we’ll be going in and testing the well,” he said.
“There’s a hell of a lot going on, this well opens up a whole new area of potential large gas resources which are really valuable in Europe.”
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