ADX Energy Ltd.: Anshof 2A Sidetrack Oil Appraisal Well Operations Report No 1

Anshof 3 PPF and Anshof 2A drilling location; ADX Energy Ltd.

[ Report ]

Wien (pta012/09.09.2024/10:07) - Key points:

* The Anshof-2A ("ANS-2A") side track oil appraisal well, located in the ADX-AT-II licence in Upper Austria, spudded at 06:00 am Central European Time on the 7th of September 2024. ADX is the operator and has a 60% economic interest in the well.
* The well will target thicker and high porosity Eocene reservoirs expected up dip of the Anshof-3 producing well.
* The well is expected to take approximately 14 days to drill. If successful, the well will be tied-in to the Anshof permanent production facility which is currently processing oil from the Anshof-3 well.
* The RED Drilling & Services GmbH (RED) E-202 rig is being used to drill the ANS-2A side track appraisal well. The same rig was used to drill the Anhof-3 discovery well.
* The current and planned operations are continuing to drill ahead in 8 1/2" hole to a planned TD of approximately 2160 m MD.
* The next weekly Operations Report will be provided on 16th September 2024. Well drilling results will be provided as they become available.
* ANS-2A is the first of a two well program to be followed by the Lichtenberg 1 (LICHT-1) gas exploration well in the ADX-AT-I licence.

For more details please see the PDF file.

(Ende)