ADX Energy
Primary ticker: ASX:ADX
Stage of development: Exploration, Development, Production
Primary minerals: Oil and Gas
Project to promote: Anshof & Vienna Basin Fields, Welchau discovery
Project location: Onshore Austria and Romania, Offshore, Italy
Website: adx-energy.com
Corporate presentation: Click here
ADX Energy Limited (ASX: ADX) is a European focussed oil and gas production and exploration company, operating in Austria, Romania, and Italy.
Recent successes include significant hydrocarbon discoveries at the Welchau-1 well in Austria and the successful installation of a permanent production facility at the Anshof-3 location in Upper Austria providing the Company with a significant boost in oil production.
With a strategic focus on rapid returns and cash flow growth, ADX Energy is poised to emerge as a key onshore European producer and explorer, shaping the future of the region’s energy landscape with innovation and sustainability at its core.
Cash: AUD12.6M
Debt: AUD1.6M
Major shareholders:
HSBC Custody Nominees – 14.3%
William Phelps – 10.73M
BNP Paribas Noms – 8.53%
Bilgola Nominees – 4.65%
Lowell Resources Fund – 4.28%
Financials
Management Profile
Ian Tchacos, Executive Chairman
Ian Tchacos was appointed as Non Executive Chairman of ADX on 2 March 2010 and appointed as Executive Chairman on 28 September 2015. He is a Petroleum Engineer with over 30 years international experience in corporate development and strategy, mergers and acquisitions, petroleum exploration, development and production operations, commercial negotiation, oil and gas marketing and energy finance. He has a proven management track record in a range of international oil company environments. As Managing Director of Nexus Energy he was responsible for this company’s development from an onshore micro cap explorer to an ASX top 200 offshore producer and operator.
What is your rationale for taking part in 121 Mining Investment?
Farm In Partners, Cornerstone Investors, New Shareholders
What recent news would you like to highlight to investors attending?
Potentially transformational Welchau Discovery about to be tested, Anshof-2A sidetrack well strikes oil, ADX on the cusp of gas pay zones at Austrian LICHT-1 gas exploration well
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Anshof 2A oil appraisal well tied into 3,000 BPD processing Facility, Litchenberg-1 gas exploration well currently drilling, Welchau-1 Well Test Program to commence in November to test reservoirs
6 Months:
Anshof – Build up high value oil production and cash flow. Lichtenberg gas – Rapid Gas Production growth opportunity. Welchau – Company transforming growth potential
12 Months:
Further production growth at Anshof, Appraisal of Welchau and further gas exploration drilling in extensive Austrian portfolio. Progressing complimentary renewable energy projects including a solar park (for self consumption and sale) as well as hydrogen generation and storage project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Access to capital and skills. Introducing partners to our asset portfolio via farmouts and expanding our shareholder base from Australia into Europe.
What do you think makes your company such a compelling investment?
Proven ability to generate, promote and commercialise projects enabled by emphasis on technical and operating capability. Strong and increasing underlying cash flow growth combined with high impact appraisal and exploration in the heart of Europe.
What are the top 3 key investor takeaways?
Strong underlying value, exceptional growth potential in a supportive tier 1 jurisdiction