Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
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.
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.
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.
June quarter net production rose 23% to 303 BOEPD, with A$2.6m of sales received (two months only) and cash of A$4.8m. Welchau-1 testing is still suspended pending the court, and the Sicily permit awaits formal grant. The Anshof interest rose to 70%, with GOLD gas drilling planned early 2026.
June quarter cash flow: cash fell to A$4.783m from A$6.671m. Operating outflow was A$1.827m, helped little by receipts of A$2.618m covering only two months of sales. A$1.25m of unsecured loan notes remain, due 31 March 2026.
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.
ADX publishes a summary of seven drill-ready shallow gas prospects in Upper Austria with 29 Bcf mean prospective resource net to ADX, plus at least four more being matured. Farm-in talks are with multiple parties, targeting Q4 2025 to Q1 2026 drilling, a slight slip from Q4 2025.
Xstate, the Anshof partner, confirms it is assigning its 20% Anshof interest to ADX's subsidiary, extinguishing EUR 547,075 of unpaid cash calls with no net cash. This is the other side of ADX's Anshof increase; Xstate hopes to relist around July 2025.
4 June 2025asset acquisition disposition▲ GoodMajor
ADX buys Xstate's 20% economic interest in the Anshof field, lifting its stake from 50% to 70% for EUR 547,075, offset against Xstate's unpaid cash calls, so no cash outlay. ADX's Anshof output rises from 58 to 72 BOPD. Needs partner MND's consent.
3 June 2025director officer appointment● NeutralMajor
David Gilbert, a petroleum geologist with 35+ years including OMV in Vienna, joins as non-executive director; John Begg resigns. Begg had joined while CEO Paul Fink was on medical leave for much of 2024. Gilbert's consultancy is A$1,500 a day, 30% paid in shares.
Annual General Meeting presentation by the Executive Chairman, repeating known portfolio information. The Welchau prospective resources are noted as under review. No new results or figures in the readable text.
The February Upper Austria licence area changes are now formally implemented, with total area unchanged at 1022 km2. ADX reports four drill-ready shallow gas prospects on 100% acreage and seven more being matured; farm-in talks have begun, targeting first drilling in Q4 2025.
March quarter cash flow: cash fell to A$6.671m from A$9.081m. Receipts were A$2.981m, operating inflow A$93k, investing outflow A$2.179m, and A$250k of loan notes repaid. A$1.25m of unsecured loan notes remain, due 31 March 2026.
March quarter Austrian net production averaged 246 BOEPD, up 13%, with revenue A$2.5m, after Vienna Basin workovers. Cash was A$6.7m. Welchau-1 testing remains suspended pending the court, and Sicily permit award is now expected mid-May.
Corporate governance statement for 2024, current at 31 March 2025 and board-approved, setting out compliance with ASX governance recommendations. Administrative; no new operational or financial information.
Annual report for 2024 describes a busy year in Austria with three wells drilled and no lost-time incidents. It calls the Welchau-1 water recovery a major disappointment and the NGO objection a setback; testing remains suspended pending the court. Paul Fink listed as Technical Director/CEO.
Appendix 4G, a checklist pointing to where the governance disclosures are found, lodged with the annual report. Administrative only; no substantive new information.
ADX re-lodged the Hong Kong presentation with corrections: slide 9 now clarifies the resources shown are Best Estimate Prospective Resources, and slide 12 gains a cautionary statement and notes the total is an arithmetic sum. Administrative only.
ADX presented to the Ignite conference in Hong Kong, covering its Austrian and Italian portfolio. It notes Welchau prospective resources are under review and will be revised. No new figures or results appear in the readable text.
ADX and the Austrian Ministry for Finance agreed changes to the ADX-AT-I and ADX-AT-II licence areas, keeping total area unchanged at no extra cost. ADX says shallow gas targets have more than tripled and Molln-1 and Rossberg are now covered. Final agreement is expected in Q2.
December quarter cash flow: cash fell to A$9.081m from A$16.111m. Operating outflow A$1.184m; investing outflow A$5.624m, with A$5.915m of farm-in contributions offsetting well spend. Loan notes of A$1.5m remain; A$250,000 repaid in January and the rest extended.
December quarter: Austrian net production averaged 218 BOEPD (A$2.3m revenue), with Anshof-2A starting in December. Cash fell to A$9.1m from A$16.1m. Welchau-1 testing is interrupted by a court ruling, and the Sicily permit was accepted. Loan notes extended to March 2026.
22 Jan 2025asset acquisition disposition▲ GoodMajor
ADX accepted the Italian Ministry's offer of the Sicily Channel gas exploration permit (d 363 C.R-.AX), at 100% and the maximum 346 km2. Formal award is expected in Q1 2025. Best technical prospective resource is 369 BCF across five prospects. This progresses the April 2024 grant confirmation.
A court ruling repealing the rule that stopped environmental appeals suspending operations means Welchau-1 testing should be suspended until an NGO objection to the environmental clearance is resolved. The chairman calls earlier test results disappointing but says the play remains compelling.
Holders of 25 loan notes (A$1.25m) agreed to extend repayment from 11 January 2025 to 31 March 2026, with interest continuing and new options (23m in total) at A$0.05 and A$0.055. Five notes (A$250,000) were repaid on schedule.
Anshof-2A, the sidetrack that found a 6.5 m oil column in September, began production at 70 barrels of oil and 134 of water a day. Anshof field output rises to about 170 bopd, 100 bopd net to ADX; the water rate is relatively high.