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New Natural Gas Well in Upper Austria: ADX Expands Exploration Area in Molln
The Australian-Austrian energy company ADX Energy has received approval from the Austrian authorities to significantly expand its exploration area in the Upper Austrian district of Kirchdorf an der Krems. The measure relates in particular to the so-called Welchau area in the municipality of Molln, which had already come into focus last year with an initial well.
The energy company ADX has received permission to expand its exploration areas in Upper Austria. / Picture: © Wikimedia Commons, Christoph Waghubinger, CC BY-SA 3.0 Austria
According to a recent company announcement, the Austrian Ministry of Finance (BMF)—responsible for mining rights—has approved the reallocation and expansion of concession areas. ADX speaks of a “significant improvement in prospectivity,” as the now extended area is considered particularly promising based on seismic and geological data. A further well is to be drilled in the…
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