Past year: ▼ 37%(1.80c – 3.20c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Sept 2026security holder rights change● Neutral
ADX issued a prospectus for the free A$0.03 options (expiring 31 Dec 2027) tied to the July A$3.58m placement: about 171.98m to placement investors, 7.25m to directors, 40.05m to brokers and 30m to advisers. Issue is planned for 9 September 2026.
4 Sept 2026regulatory community update▲ Good
ADX lodged a third Sicily Channel permit application, d 370 C.R-AU (517 km²), after two others on 19 August. Together with CR 150.AU the area is about 1,650 km². Same three-month competing-application window; none granted yet.
28 Aug 2026flow test result▲ GoodMajor
HOCH-1 Zones 3, 4 and 5 all flowed water-free gas, and commingled with Zone 2 produced 3.15 MMCFPD (548 BOEPD) over 12 hours. The well is shut in for pressure build-up to determine reserves; deeper Phase 2 testing needs a workover rig.
19 Aug 2026regulatory community update▲ GoodMajor
ADX applied for two new Sicily Channel permits, d 368 C.R-AU (573.3 km²) and d 369 C.R-AU (213.7 km²), next to its 100% CR 150.AU permit. A three-month competing-application window applies; nothing is granted yet.
13 Aug 2026well test result▲ Good
Pressure build-up on HOCH-1 Zone 1 indicates 3.5 MMCFPD (580 BOEPD) potential and sand extending at least 600 m. Further zone testing slipped to the week of 24 August because an explosives licence for perforation was delayed.
31 July 2026quarterly activities report● Neutral
Appendix 5B for the June quarter: operating outflow A$1.23m, investing outflow A$1.22m, and cash falling from A$4.88m to A$2.20m. Loan notes of A$750k remain drawn; the A$3.58m July placement is not yet included.
31 July 2026quarterly activities report● Neutral
June quarter production averaged 197 BOEPD (March: 200), with receipts of A$3.6m and unrestricted cash down to A$2.2m before the July placement. HOCH-1 multi-zone testing, a GOLD-1 farmout and GOLD-1 drilling in early Q4 are next; the company anticipates a farm-in in the coming quarter.
23 July 2026other● Neutral
Administrative notice that 1,724,138 shares will be released from voluntary escrow on 4 August 2026. No operational or financial substance.
22 July 2026capital raising announcement● NeutralMajor
ADX raised A$3.58m through a placement of 179.2m shares at A$0.02, a 16.7% discount to the last price, with one free A$0.03 option per share expiring Dec 2027. Funds go to HOCH-1 testing, more shallow gas drilling, Austrian production and Sicily. Follows the March placement at A$0.027.
What it means for a shareholder
179m new shares at A$0.020 to raise about A$3.6m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.00557% to 0.00464% of the company. To keep it you'd need 9,977 more shares - about A$200 at the issue price.
Create a free account to see this worked out for your own holding.
20 July 2026investor presentation● Neutral
Corporate presentation dated 20 July on the near-term shallow gas work program. The readable text is only the title, disclaimers and reserves definitions; no new results or figures are visible.
9 July 2026production update▲ GoodMajor
Perforating existing wells GA-10A and GA-93 added about 75 BOEPD, lifting Vienna Basin output from about 150 to 220 BOEPD. ADX's net Austrian production rises about 35% to roughly 285 BOEPD, up from 200 in the March quarter. Infill and appraisal drilling is planned for 2027.
6 July 2026resource reserve update▲ GoodMajor
Independent consultant RISC reviewed ADX's Sicily Channel gas play and found the Terravecchia biogenic gas play valid and ADX's resource methods reasonable. The 619 BCF mean prospective estimate for the 100%-owned permit is unchanged; RISC suggested the high case could be higher.
1 July 2026investor presentation● Neutral
Corporate presentation dated 30 June on ADX's near-term multi-well work program. The readable text is only the title and disclaimers; no new figures or results are visible.
22 June 2026well test result▲ Good
HOCH-1 Zone 1 flowed a stable, water-free 2.7 million cubic feet a day (450 boepd) over 11 hours. The well is shut in for about two weeks of pressure build-up to estimate reserves; a tie-in decision awaits multi-zone testing.
18 June 2026flow test result▲ GoodMajor
HOCH-1's first perforated zone (1,465 m, basin floor fan) cleaned up at an average 2.8 million cubic feet a day (467 boepd) on a small choke, water free. The first flow result for the well; reserves depend on a pressure build-up test.
15 June 2026drilling progress report● Neutral
Surface test equipment reached the HOCH-1 site. Testing is planned in two phases, upper Hall first (up to three zones plus one contingent), with perforation expected the following week. ADX cites up to eight gas reservoirs; no flow results yet.
9 June 2026other● Neutral
ADX's registered office and principal place of business moved to Level 1, 168 Stirling Highway, Nedlands WA. Phone and email are unchanged. Administrative notice with no operational or financial substance.
19 May 2026investor presentation● Neutral
Slides for the 19 May AGM covering corporate strategy, the shallow gas program (HOCH-1, GOLD), near-field oil including PERGEN-1, Welchau-1 and Sicily. The readable text is agenda and disclaimers only; no new results or figures.
18 May 2026drilling progress report● Neutral
HOCH-1 was cased and completed with a 2 3/8 inch completion and the rig released around 15 May. Production testing is expected from mid-June once surface equipment arrives. This is the final drilling update; no test results yet.
11 May 2026drilling result● NeutralMajor
Logs show the main 1,354-1,368 m Hall target is thin sand layers unlikely to be viable, the pre-drill key risk. But seven deeper Base Hall gas zones (1,465-1,617 m, 4-6 m net) look productive. Well deepened to 1,685 m for completion and testing.
8 May 2026drilling progress report● Neutral
HOCH-1 was deepened to 1,619 metres after six further thin gas sands of about 1 to 2 metres were seen below the main Hall target, based on cuttings and mud gas only. Wireline logging slipped to 8 May; thickness and quality remain unconfirmed.
7 May 2026drilling result▲ GoodMajor
HOCH-1 hit gas-filled Hall formation sands at about 1,350 metres, matching the pre-drill 3D seismic. ADX will drill to at least 1,550 metres and log before casing. A first positive sign after the earlier mud-loss delays; flow rates are untested.
4 May 2026drilling progress report● Neutral
HOCH-1 was drilling at 950 metres on 3 May after setting 7 inch casing at 431 metres, with about 1,430 metres still targeted in roughly three more days. No gas result yet; the 8.0 BCF mean prospective figure is unchanged.
30 Apr 2026quarterly activities report▲ Good
March quarter production averaged 200 BOEPD (vs 192), with cash receipts A$2.1m and unrestricted cash A$4.9m. Brent averaged US$80.61. ADX raised A$4.4m and repaid A$0.5m of loan notes; HOCH-1 spudded 16 April. Next: HOCH-1 results, GOLD and SCHOE sites, Sicily report.
30 Apr 2026quarterly activities report● Neutral
Appendix 5B for the March quarter: operating cash outflow A$2.26m, investing outflow A$1.04m, financing inflow A$3.52m (placement A$4.52m, A$0.5m loan repaid). Cash ended at A$4.88m. A$750k of unsecured loan notes remain, repayable by 30 September 2027.
28 Apr 2026drilling progress report▼ Bad
HOCH-1 was delayed by severe mud losses at about 100 metres that cement plugs could not cure, so ADX redrilled with a larger hole and set casing to 111 metres. At 398 metres on 27 April; about 7 more days to reach the 1,430 metre target.
23 Apr 2026investor presentation● Neutral
Slides for the 23 April shareholder webinar on strategy, Welchau-1, HOCH-1 and the shallow gas play. The readable text is only the agenda, presenters and disclaimers; no new results or figures are shown.
20 Apr 2026investor presentation● Neutral
Notice of a 23 April 2026 shareholder webinar covering Welchau-1 results, the European gas market and HOCH-1. ADX now describes Welchau-1 as an updip oil discovery with a deeper gas/condensate accumulation yet to be intersected.
20 Apr 2026drilling spud▲ GoodMajor
ADX spudded HOCH-1 on 16 April 2026, its first shallow gas well in Upper Austria (50% interest, 8.0 BCF mean prospective). It was drilling at 96 metres, aiming for about 1,430 metres in roughly 14 days. This follows the delayed March start.
13 Apr 2026drilling scheduled▲ Good
The rig for HOCH-1, ADX's first shallow gas well (50% economic interest, 8.0 BCF mean prospective), began mobilising 10 April, with spud expected 16 April. The company says success could add up to 1,500 boepd, based on analogue wells.
