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ADX Energy (ASX:ADX) - CEO and Executive Director, Paul Fink
CEO and Executive Director, Paul Fink
Source: ADX Energy
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  • ADX Energy’s (ADX) Anshof-3 well reaches a total depth of 2499 metres in an 8.5-inch hole its Anshof prospect in Vienna
  • ADX is currently working on electric wireline logging to further evaluate oil and gas zones intersected in the well
  • Wireline logging data and preliminary interpretation of the data are expected to be available during this week
  • Shares have been down 5 per cent trading at one cent

ADX Energy’s (ADX) Anshof-3 well has reached a total depth of 2499 metres in an 8.5-inch hole at its Anshof prospect in Vienna.

The final drill depth of the well is in crystalline basement which allows sufficient open hole at the bottom of the well (rathole). This accommodates electric line logging operations which will enable evaluation of the deepest potential hydrocarbon bearing zones observed in the well.

Operations since the last report include the drilling of the 8.5-inch hole to the total depth of the well and conditioning the hole in preparation for electric line logging.

According to the company, electric line logging operations have been delayed due to well bore instability which has required remedial hole conditioning including reaming and increasing mud weight prior to logging.

ADX said it’s currently working on electric wire logging to further evaluate oil and gas zones intersected in the well.

Wireline logging date and preliminary interpretation of the data are expected to be available during this week.

Shares were down 5 per cent trading at one cent at 12:19 pm AEDT.

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