ADX Energy Moves HOCH-1 to Production Testing With Eight Gas Reservoirs

ADX Energy's HOCH-1 Well Moves to Production Testing Phase — Up to Eight Gas Reservoirs in Play

ADX Energy Ltd (ASX: ADX) has announced a pivotal operational milestone at its Hochfeld-1 ("HOCH-1") shallow gas exploration well in Upper Austria, with surface testing equipment now mobilised to the well site and perforation scheduled within days. This ADX Energy HOCH-1 production testing in Upper Austria marks a significant step forward in ADX's Austrian gas exploration programme, transitioning HOCH-1 from a successfully drilled and completed well into active production testing — the stage that will determine just how commercially significant the well's multiple gas reservoirs may be.

What's Happening at HOCH-1 Right Now

According to the announcement, the well was drilled, cased, and completed on 15 May 2026, and sits within the ADX-AT-I exploration licence in Upper Austria. ADX operates the well and holds a 50% economic interest in the Hochfeld prospect.

The immediate sequence of events includes:

• Surface testing equipment has been mobilised to the well site
• Rig-up and pressure testing of surface facilities is being conducted
• Perforation is planned within the coming week
• Sand intervals will be perforated sequentially, each followed by a brief clean-up flow
• The perforation sequence and flow periods will be determined by the inflow performance of each zone
• Testing results will be reported as they become available

This methodical, staged approach is consistent with industry-standard well testing practice, designed to isolate and evaluate each reservoir zone individually before drawing conclusions about overall well productivity.

Eight Potential Gas Reservoirs — A Two-Phase Testing Programme

One of the most compelling aspects of the HOCH-1 result to date is the sheer number of potential gas reservoirs identified during drilling. Logging results and gas shows encountered while drilling indicate up to eight gas reservoirs within two distinct geological formations: the Hall formation and the Base Hall formation.

To evaluate these reservoirs in an orderly and technically sound manner, testing has been structured into two phases:

The Phase 1 programme focuses on the upper Hall formation and includes:

• Three firm testing zones identified with confidence from logging and mudlogging data
• One contingent fourth zone included subject to inflow performance from the first three zones
• 3D seismic cross-sections that correlate gas sand observations between the tested reservoirs and mudlogging recorded during drilling

Phase 2 will then focus on the lower Base Hall formation, with specifics to be shaped by what Phase 1 reveals.

Understanding Production Testing — What Investors Need to Know

Production testing represents the critical bridge between geological promise and commercial reality in oil and gas exploration. Once an exploration well has been drilled and the drill bit has confirmed the presence of hydrocarbons through gas shows and logging data, the next step is production testing — essentially asking the well to flow gas to surface under controlled conditions to determine whether the reservoir can deliver commercially viable flow rates.

The Testing Process Explained

Perforation: Shaped explosive charges create holes through the well casing and into the reservoir rock, allowing gas to flow from the formation into the wellbore.

Clean-up flow: An initial flow period clears drilling fluids and debris from the near-wellbore area, establishing a clear path for reservoir fluids.

Flow testing: The well is allowed to produce, and flow rates, pressures, and fluid compositions are measured at surface.

Inflow performance analysis: The data collected determines how productive each zone is and, consequently, helps estimate whether the reservoir is commercially developable.

Why Does This Matter to Investors?

Until a well is production tested, gas shows and logging data — while highly encouraging — remain indicative rather than definitive. A successful production test with strong flow rates converts geological promise into commercial potential, materially de-risking the prospect and informing decisions about development, further appraisal, or additional drilling.

Furthermore, the sequential testing approach at HOCH-1 means investors can expect a series of results as each zone is evaluated, rather than a single binary outcome.

Key Terms Glossary

HOCH-1 in Context — Part of a Three-Well Austrian Programme

HOCH-1 is reported to be the first of three shallow gas prospects permitted for drilling in Upper Austria in 2026, with two additional gas prospects already permitted and ready to follow. This pipeline of near-term drilling activity means that whatever HOCH-1 delivers, the ADX Austrian exploration story has further chapters ahead in the same calendar year.

This multi-well structure provides ADX with the opportunity to build a pattern of results across multiple targets rather than relying on a single well outcome. A successful HOCH-1 test would provide meaningful encouragement heading into the remaining two wells; equally, the two additional permitted prospects provide the programme with resilience.

Near-Term Catalysts and Timeline

The coming weeks are expected to be news-rich for ADX shareholders. The ADX Energy HOCH-1 production testing in Upper Austria is structured to generate results progressively as each zone is perforated and tested. Key milestones to monitor include:

• Perforation of the first Hall formation zone — expected within days
• Initial flow test results from the first firm zone
• Results from subsequent zones (up to three firm plus one contingent) as testing progresses through Phase 1
• Phase 2 commencement targeting the Base Hall formation following Phase 1 completion
• Operational updates on Prospects 2 and 3, which are already permitted for 2026 drilling

According to the company, testing results will be reported as they become available, meaning investors can expect a series of updates as the programme unfolds rather than a single consolidated announcement.

Management Outlook
The company has confirmed that surface testing equipment has been mobilised and perforation is planned during the coming week, with testing results to be reported as they become available.

Investment Considerations

Several factors combine to make the HOCH-1 testing phase a material event in ADX's exploration narrative.

Geological encouragement is already documented. Up to eight gas reservoirs have been identified from gas shows and logging data during drilling. The question now shifts from "is there gas?" to "how much, and can it flow at commercial rates?"

Structured risk management approach. By testing zones sequentially and using inflow performance to guide decisions in real time, ADX is managing technical risk methodically. In addition, the inclusion of a contingent fourth zone in Phase 1 demonstrates meaningful operational flexibility.

Operated position with meaningful equity. As operator with a 50% economic interest, ADX controls the pace and execution of this programme and retains a substantial share of any commercial upside.

Multiple exploration opportunities in 2026. With two additional permitted prospects beyond HOCH-1, the 2026 Austrian programme provides investors with a sequence of catalysts across the year rather than a single binary event.

Technical oversight. The work is overseen by Technical Director Paul Fink, a qualified geophysicist with 30 years of experience in exploration, appraisal, and development of oil and gas resources, who has reviewed and endorsed the technical information in this announcement.

What Sets HOCH-1 Apart

The convergence of an already-drilled well showing up to eight gas reservoirs, an imminent testing programme with a clear phase-by-phase structure, a 50% operated interest, and two further wells permitted and ready to follow makes the months ahead a genuinely consequential period for ADX Energy.

The methodical approach to testing — with results flowing as each zone is evaluated — provides investors with multiple value inflection points rather than a single make-or-break outcome. For a company transitioning from explorer to potential producer, this represents one of the more concrete and imminent exploration catalysts currently active in the ASX small-cap energy sector.

As perforation commences and results begin flowing, ADX Energy HOCH-1 production testing in Upper Austria — spanning up to eight identified gas reservoirs — has positioned the company for what could be a defining period in its Austrian gas exploration story.

Want to Follow ADX Energy's HOCH-1 Testing Programme as Results Come In?

With perforation imminent, up to eight gas reservoirs in play, and two further permitted wells queued for 2026, ADX Energy is entering one of the most consequential periods in its Austrian exploration programme. Investors looking to stay across the HOCH-1 production testing results, understand the company's operated position in Upper Austria, and track the broader ADX exploration pipeline can find full project details and corporate information at adx-energy.com.