Past year: ▼ 37%(1.80c – 3.20c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2026price query● Neutral
ASX queried ADX after its price fell from A$0.032 to an intraday low of A$0.025 on heavy volume. ADX said it knows of no unannounced information explaining this, noting its placement settled that day, and confirmed Listing Rules compliance.
13 Mar 2026capital raising announcement● NeutralMajor
ADX raises A$4.4m via a placement of 163m shares at A$0.027, a 15.6% discount to last price, with one free option per two shares (A$0.0405, 24 months, subject to a late-May shareholder meeting). Funds HOCH-1 in April, two more shallow gas wells, Sicily data and the Oslo listing.
What it means for a shareholder
163m new shares at A$0.027 to raise about A$4.4m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (37,037 at the issue price), your slice goes from 0.00507% to 0.00415% of the company. To keep it you'd need 8,272 more shares - about A$223 at the issue price.
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10 Mar 2026debt financing▲ GoodMajor
ADX extends A$750k of its A$1.25m loan notes from 31 March 2026 to 30 September 2027, with new options replacing the lapsing ones. The other A$500k is to be repaid on 31 March. HOCH-1 spud now early April 2026.
6 Mar 2026investor presentation● Neutral
Executive Chairman's 6 March 2026 operational activities presentation, again focused on Vienna Basin workovers. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
3 Mar 2026resource reserve update▲ GoodMajor
ADX revises Welchau prospective resources to 387 BCF mean gas and 31 MMBBL mean light oil and condensate, adding updip oil and gas below the well. Reaching the gas target would need deepening Welchau-1 by about 600 metres. These are unrisked prospective resources, not reserves.
23 Feb 2026well test result● NeutralMajor
Welchau-1 recovered light oil and gas from the Reifling Formation, with oil density matching deeper samples, supporting ADX's updip oil interpretation. But inflow was too small for stable flow and no reservoir pressure was recorded; a larger coiled-tubing acid job is being evaluated.
23 Feb 2026investor presentation● Neutral
Executive Chairman's 23 February 2026 operational activities presentation, focused on Vienna Basin workovers. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
16 Feb 2026well test result▲ Good
After a 6 cubic metre acid treatment, Welchau-1 returned brine, methane and CO2 to surface, the first hydrocarbon gas from the Reifling Formation in the Welchau anticline. Sustained flow is not yet established and the well is shut in between swabbing.
12 Feb 2026drilling progress report● Neutral
ADX confirms Welchau-1 is ready for acid stimulation and flow testing of the Reifling Formation, interrupted since January 2025 by environmental objections until a September 2025 court ruling. ADX holds 75%. Testing aims to check for updip light oil.
6 Feb 2026drilling scheduled● Neutral
ADX says Welchau-1 testing is rigging up, HOCH-1 shallow gas site preparation is under way, and four Vienna Basin wells are being repaired, plus a sand-control clean-out and pump change. HOCH-1 spud stays late March 2026; workover results come in the March quarterly.
4 Feb 2026resource reserve update▲ GoodMajor
ADX's new Welchau mapping identifies an updip light oil accumulation of 18 MMbbl and gas condensate of 125 BCF (mean, unrisked) above Molln-1, shallower than expected. These are prospective resources; Welchau-1 testing comes first, then a sidetrack or deepening.
15 Jan 2026investor presentation● Neutral
Executive Chairman's presentation at the 15 January 2026 General Meeting. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
23 Dec 2025drilling scheduled▲ Good
ADX says Welchau-1 flow testing restarts in early February 2026 after a workover rig is contracted, starting with acid stimulation of the Reifling formation. HOCH-1 (8.0 BCF) is the first of up to three shallow gas wells; a rig is contracted and HOCH/GOLD permits are due mid-January.
2 Dec 2025resource reserve update▲ GoodMajor
ADX lifts the Sicily Channel C.R150.AU permit's best-case prospective gas resource 31% to 619 BCF (100% ADX), from the 2022 estimate, using nearby analogue fields and three new prospects/leads. This delivers the upgrade expected; an ENI data room visit and a third-party report are planned.
2 Dec 2025investor presentation● Neutral
Executive Chairman's presentation at the RRS Summer Series conferences in Sydney and Melbourne in December 2025. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
13 Nov 2025capital raising announcement● NeutralMajor
ADX raises A$3.5m via a placement of 134.6m shares at A$0.026, an 18.8% discount to last price, with one free option per two shares (A$0.039, 24 months, subject to shareholder approval). Funds Welchau-1 testing, shallow gas drilling, Sicily seismic and Oslo listing preparation.
What it means for a shareholder
135m new shares at A$0.026 to raise about A$3.5m. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (38,462 at the issue price), your slice goes from 0.00657% to 0.00534% of the company. To keep it you'd need 8,838 more shares - about A$230 at the issue price.
Create a free account to see this worked out for your own holding.
10 Nov 2025investor presentation● Neutral
Executive Chairman's company presentation of 10 November 2025 on the 2026 work programs. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
28 Oct 2025drilling scheduled▲ GoodMajor
ADX set its Upper Austria 2026 programme: Welchau-1 flow testing from January 2026, three shallow gas wells (HOCH-1, GOLD-1, SCHOE-1) from February, and the SGB-1 Anshof oil appraisal well in Q3 2026. It expects to secure a farm-out by the end of 2025.
24 Oct 2025regulatory community update▼ BadMajor
The inactive Parta licence in Romania (held via Danube, ADX 49.2%) has lapsed after the regulator refused an extension amid land access disputes. The regulator has invoiced EUR 4.2m for unperformed work, which ADX will dispute, reserving counterclaims above EUR 10m. Iecea Mare is retained.
21 Oct 2025investor presentation● Neutral
Company presentation of 21 October 2025 titled 'Positioned for period of high activity in 2026'. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
6 Oct 2025investor presentation● Neutral
Executive Chairman's presentation at the Munich Mining Conference on 3 October 2025. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
22 Sept 2025regulatory community update▲ GoodMajor
The Upper Austrian State Administrative Court rejects environmental groups' objections to Welchau-1 permits, resolving the suspension in place since early 2025. ADX (75%) can resume testing from 1 October to 31 March, starting with fluid sampling of the Reifling formation. Deepening to Welchau Deep needs further permits.
11 Sept 2025half year report● Neutral
Half-year to 30 June 2025: net loss A$4.48m (A$3.28m a year earlier) on revenue of A$6.16m. Austrian output averaged 316 BOEPD against 227. Operating cash outflow was A$1.73m; the A$1.25m loan notes remain due 31 March 2026. Anshof facility handover is due by 21 October 2025.
11 Sept 2025investor presentation● Neutral
Company presentation for the 11 September webinar on the Sicily Channel permit, which ADX was awarded in August. The readable text is disclaimers and reserve definitions only; no new figures are shown.
10 Sept 2025investor presentation● Neutral
Executive Chairman's presentation at the RIU Good Oil & Gas Conference in Perth on 10 September 2025. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
4 Sept 2025other● Neutral
Notice of a free shareholder webinar on the Sicily Channel permit on 11 September 2025, with live Q&A. Invitation only; no new results or figures.
28 Aug 2025investor presentation● Neutral
Executive Chairman's Market Talk Melbourne presentation on 28 August 2025. The readable text is disclaimers and reserve definitions only; no new results or figures are shown.
27 Aug 2025resource reserve update▲ GoodMajor
ADX updates its Upper Austria prospect inventory: 24 drillable prospects with 374 BCF gas and 31 MMBBL oil mean prospective resource net to ADX, adding eight prospects and removing four since June 2023. Welchau Deep (125 BCF) and Rossberg (19.6 MMBBL, gross) are now matured; GOLD-1 is planned for Q1 2026.
18 Aug 2025asset acquisition disposition▲ GoodMajor
ADX is formally awarded the C.R150.AU exploration permit in the Sicily Channel, offshore Italy, at 100% interest, resolving the long-pending award. It holds a previously stated 369 BCF best-estimate prospective resource across five prospects; seismic purchase and independent resource report come next.
23 June 2025investor presentation● Neutral
Investor presentation by the Executive Chairman dated 23 June 2025, covering the Austrian and Italian portfolio. Text shown is mainly disclaimers and reserves definitions; it notes Welchau resource estimates will be revised. No new results in the readable text.
