ADX Energy Ltd.: Activities Report for Quarter Ended 31 March 2023

Wien (pta021/28.04.2023/10:24 UTC+2)

ADX Energy Ltd (ASX: ADX, "ADX" or "the Company") is pleased to provide a summary of its activities for the quarter ended 31 March 2023.

HIGHLIGHTS

Overview

• Austrian production increased by 10%
• Ongoing uninterrupted test production at the Anshof-3 oil well
• Anshof field production licence award by the Austria's Ministry of Finance
• Independent expert review further confirms exceptional Welchau resource potential
• Welchau permitting and drilling approval process targeting Q3 2023 start
• Highly prospective shallow gas area identified in the northern part of ADX-AT-I licence

Please view the PDF file.

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Emitter:	ADX Energy Ltd. Canovagasse 5 1010 Wien Austria
Contact Person:	DI Paul Fink
Phone:	+43 (0)50 724 5666
E-Mail:	paul.fink@adx-energy.at
Website:	www.adx-energy.com
ISIN(s):	AU000000ADX9 (Share)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges:	Australian Securities Exchange (ASX), Sydney