ADX Energy
Primary ticker: ASX:ADX
Stage of development: Exploration, Production
Primary minerals: Oil & Gas
Project to promote: Welchau Gas Discovery, Anshoff oil and gas field – production and development
Project location: Upper Austria
Website: adx-energy.com
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: AUD7M
Debt: AUD1.9M
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.