- ADX has increased net Austrian production by 35% to about 285BOEPD
- Behind-pipe work at the GA-10A and GA-93 wells in Lower Austria added about 76 BOEPD
- More infill and appraisal drilling planned for 2027 to further lift production and reserves
Behind-pipe work at GA-10A and GA-93 increased Vienna Basin production from roughly 150BOEPD to 220BOEPD.
With additional output from the Anshof field in Upper Austria, ADX’s net Austrian production now stands at about 285BOEPD.
The GA-10A well and GA-93 well added 24BOPD of oil and 52BOEPD of gas.
ADX Energy (ASX:ADX) owns 100% of the Vienna Basin fields in Lower Austria, about 70km northeast of Vienna.
The production lift follows a program of low-cost enhancement work across existing wells, with ADX also preparing for infill and appraisal drilling in 2027.
Executive chairman Ian Tchacos said the production lift was a positive outcome, with further growth options being assessed.
“The 35% increase in net Austrian production from the recent well work at our Vienna Basin fields is a positive outcome with further production growth identified from future work programs,” he said.
Tchacos said the company’s technical and operations teams were assessing further production growth options, including infill drilling, behind-pipe potential and a possible new development well and appraisal well in 2027.
“New wells on the field can be tied into infrastructure immediately at minimal cost thereby enhancing cash flow and economic returns,” he said.
Field lift
ADX has started a workover program targeting existing wells to boost production and profitability at the Vienna Basin fields.
The behind-pipe perforation program enables new production from existing wells, avoiding the cost and lead time of drilling new holes.
The Vienna Basin fields include Zistersdorf and Gaiselberg, where ADX is evaluating further behind-pipe potential as part of its growth strategy.
Strong margins
ADX notes that additional Vienna Basin production is especially valuable due to low incremental operating costs, sub-1% royalties, Brent-equivalent oil pricing and access to Central European Gas Hub gas pricing.
These conditions make incremental oil and gas volumes from existing infrastructure highly attractive.
Basin assets
ADX describes the Vienna Basin fields as low-emission, low-decline assets positioned to deliver long-term cash flow.
The fields host 18 active wells, liquid processing capacity exceeding 4,000 BPD, and pipeline links to the OMV refinery near Vienna and the local gas grid.
The fields also produce high-value sweet crude oil under favourable fiscal terms.
ADX notes the multilayer fields may also suit gas and hydrogen storage, with 13.7ha of company land potentially available for solar park development.