ADX Energy targets 8.3 billion cubic feet of gas in Austria
ADX Energy will begin drilling the GOLD-1 shallow gas exploration well in Upper Austria in January, targeting 8.3 billion cubic feet of gas. The company estimates potential sales revenues of up to $244.8 million, driven by high European gas prices. This effort is part of a broader exploration strategy amid growing energy supply concerns in Europe.
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Published 12 Nov 2026, 06:33 UTC · Updated 12 Nov 2026, 06:40 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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