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ADX secures farminee for upper Austria play

ADX Energy has secured a farminee for its upper Austrian Anshof Project drilling ambitions with ASX-listed Xstate Resources agreeing to fund 40% of costs for the Anshof-3 exploration well.

Jonathon Davidson
File photo: ADX's acreage in Austria

File photo: ADX's acreage in Austria

In return, Xstate picks up a 20% equity interest in the company's Anshof Prospect Area.  The company is preparing to spud the Anshof well during December with initial well results determined in mid...

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