In today’s briefing:
- ADX Energy (ASX: ADX): High Production at Z&G.
ADX Energy (ASX: ADX): High Production at Z&G.
- 2Q25 net production of 303 boe/d was higher than our expectations of ~270 boe/d following a 5 well intervention programme at the Zisterdorf and Gaiselberg fields in the Vienna Basin.
- The programme included (1) repair of subsurface equipment, (2) clean out of a down hole sand control (3) perforation of a new oil production zone in a well.
- Despite a drop in oil price revenue during June, adjusted 2Q25 sales were A$3.5 mm.
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