Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (February 2026)
23 slides from Adx Energy's investor presentation, Feb 23, 2026
Slide 1: Investor Update: Operational Activities Overview
Investment Proposition and Operating Strategy For personal use only Investor Update E U R O P E A N F O C U S S E D ENERGY P R O D U C E R & E X P L O R E R Operational Activities Overview Ian Tchacos - Executive Chairman Vienna Basin work over operations 23 February 2026 A S X : A D X
Slide 2: Disclaimer (Cautionary Statement)
DISCLAIMER (CAUTIONARY STATEMENT) IMPORTANT NOTICE: PRMS RESERVES CLASSIFICATIONS USED IN THIS PRESENTATION: This document has been prepared by ADX Energy Ltd (“ADX”) for the purpose of providing information to Developed Reserves are quantities expected to be recovered from existing wells and facili
Slide 3: Company Summary
COMPANY SUMMARY STABLE PRODUCTION, LOW-RISK IMMEDIATE CASH FLOW GROWTH AND HIGH IMPACT EXPLORATION Established Production - Generating stable cash flow Austrian Current Production from production assets in Austria 192 BOEPD 1 For personal use only Strategic Location - Positioned in pro developme
Slide 4: Financial Summary and Geographic Overview
FINANCIAL SUMMARY AND GEOGRAPHIC OVERVIEW Capital Structure ASX: ADX Ticker FRA: GHU Share Price (at 20 February 2026) A$0.032 “A European Focussed Energy Producer and For personal use only Number of shares 731m Explorer” Number of options 183m Market capitalisation A$23.4M Cash (unrestricted) at 31
Slide 5: Strategic Operating Positions in Austria and Italy
STRATEGIC OPERATING POSITIONS IN AUSTRIA AND ITALY Highly prospective, short exploration timelines, high value markets and rapid development cycles Vienna Basin Fields Anshof Austria For personal use only • Excellent Infrastructure Access for both oil and gas Oil Field • Pro development with rapid p
Slide 6: Recent Activities – Testing, Drilling Readiness & Enhanced Portfolio
RECENT ACTIVITIES – TESTING, DRILLING READINESS & ENHANCED PORTFOLIO Upper Austria appraisal and exploration 1. Welchau-1 Discovery • Well testing resumed - samples recovered from shallowest interval in well consistent with oil and gas discovery For personal use only • New mapping identifies - 18 MM
Slide 7: Near Term Activities in Austria and Italy
NEAR TERM ACTIVITIES IN AUSTRIA AND ITALY Austria – Production, Appraisal and Exploration 1. Increase Austrian production rates – work over program For personal use only GOLD shallow gas 2. Ongoing Welchau-1 testing and appraisal – Welchau up dip oil prospect accumulation and down dip gas at multipl
Slide 8: Investment Thesis
INVESTMENT THESIS - MULTIPLE HIGH IMPACT GROWTH OPTIONS UNDERPINNED BY CASHFLOW Develop cash flow base with low risk, quick to Near Term develop gas and oil appraisal and exploration 1 For personal use only Production Growth near to infrastructure (Austria) “Goal is rapid organic cash flow growth” S
Slide 9: Austrian Production Assets
AUSTRIAN PRODUCTION ASSETS VIENNA BASIN FIELDS AND ANSHOF FIELD (UPPER AUSTRIA) Vienna Basin Fields (100% Economic Interest) Anshof Oil Field (70% Economic Interest) Low emission, low decline production delivering Anshof-3 discovery well (2022) and Anshof-2A appraisal For personal use only long
Slide 10: Upper Austria Growth Program
UPPER AUSTRIA GROWTH PROGRAM Operations 1 Welchau-1 2 HOCH-1 3 GOLD-1 shallow 4 SCHOEN-1 5 Anshof testing – down shallow gas well gas well permit at shallow gas well Nearfield oil at Program area at 50% 100% economic area at 50% 100% economic hole sampling and Sequence stimulation economic interest
Slide 11: Upper Austria Exploration Prospect Portfolio
UPPER AUSTRIA EXPLORATION PROSPECT PORTFOLIO INCREASED EMPHASIS ON LOW-RISK GAS AND NEAR FIELD OIL Multiple Growth Pathways in a high value market with infrastructure access For personal use only Quick to commercialise low risk Shallow Gas Anshof Near Field oil tie in opportunities (to 3,000 BPD
Slide 12: Upper Austria Shallow Gas Play - Proven, Extensive and Repeatable
UPPER AUSTRIA SHALLOW GAS PLAY - PROVEN, EXTENSIVE AND REPEATABLE MULTIPLE LOW RISK GAS PROSPECTS IDENTIFIED BY SEISMIC “AVO” RESPONSE A proven play that has produced 230 BCF to date in basin – 3 permitted, drill ready prospects and 7 additional matured Shallow Gas Play developed over two years
Slide 13: Hochfeld Prospect Summary – Ready for April Spud Date
HOCHFELD PROSPECT SUMMARY – READY FOR APRIL SPUD DATE 2, 3, 4 HOCH Prospective Resources Esimates Prospect Structure Map Prospect Licence Depth Low Case Best Case Mean Case High Case (metres) P(90) P(50) P(Mean) P(10) (BCF) (BCF) (BCF) (BCF) For personal use only 1 HOCH ADX-AT-I 1500 1.5 5.2 8 17.3
Slide 14: Upper Austria Shallow Gas Play – Follow Up Prospect
UPPER AUSTRIA SHALLOW GAS PLAY – FOLLOW UP PROSPECT GOLD PROSPECT SUCCESS SCENARIO - VALUE BUILD MAXIMISING PRODUCTION & MINIMISING CAPEX Extensive, valuable and repeatable play with multiple GOLD Prospect drilling after HOCH-1 - if successful follow prospects identified to date in ADX 100% held acr
Slide 15: Welchau Structural Update - Updip Oil Pool & Proven Down Dip Gas
WELCHAU STRUCTURAL UPDATE - UPDIP OIL POOL & PROVEN DOWN DIP GAS 18 MMBLS updip Oil 1,2 and 125 BCF down dip Gas Condensate 1,2 (Pmean) “Duplex 1 Only” 1Refer to Cautionary Statement in slide 3 of presentation, 2Prospective Resources reporting date update 27.8.2025 – refer slide pg 22 3 Prospective
Slide 16: Welchau-1 Testing Program Results
WELCHAU-1 TESTING PROGRAM RESULTS REIFLING FM TESTING RECOVERED GAS AND LIGHT OIL CONSISTENT Welchau WITH UP DIP OIL ACCUMULATION INTERPRETATION Anticline Key test objectives showing Molln Stimulate reservoir for fluid flow, recover hydrocarbon samples and Gas Fairway obtain reservoir pressure. an
Slide 17: Sicily Channel Gas Permit - Offshore Italy
SICILY CHANNEL GAS PERMIT - OFFSHORE ITALY HIGH IMPACT GROWTH OPPORTUNITY IN A NEW AND EMERGING GAS PRODUCTION PROVINCE Highly prospective permit for gas supported by historic data from deeper oil exploration For personal use only An emerging and newly producing Recent ADX Permit offshore gas prov
Slide 18: Sicily Channel Gas Permit - Resources Update
SICILY CHANNEL GAS PERMIT - RESOURCES UPDATE Revised gas resource estimates of 619 BCF (P Mean, Net) Incorporates data from the nearby Lippone-Mazara onshore gas field and the recently developed Argo, Cassiopea and Gemini fields as well as three additional prospects / leads – refer ASX release dat
Slide 19: Sicily Channel Licence C.R 150.AU – Running Room for Biogenic Gas Play
SICILY CHANNEL LICENCE C.R 150.AU – RUNNING ROOM FOR BIOGENIC GAS PLAY Extensive biogenic gas play proven by existing field and historic wells Map shows distribution of the Pliocene- Quaternary (yellow) and Tortonian-Messinian Nilde oil field For personal use only siliciclastic (orange) foredeeps
Slide 20: Sicily Channel Historic Data Availability Is the Key to Success
SICILY CHANNEL HISTORIC DATA AVAILABILITY IS THE KEY TO SUCCESS GAS PROVEN PLAY IN A LARGE AREA WITHIN SIMILAR RESERVOIRS 3. Several Miocene gas 1. ADX C.R 150.AU well data & 2D 1 1. ADX - C.R 150. AU sandstone reservoirs in onshore wells, close to Lippone field seismic clearly proves high porosity
Slide 21: Sicily Channel Permit, Offshore Italy
SICILY CHANNEL PERMIT, OFFSHORE ITALY A PROVEN GAS PLAY ESTABLISHED BY HISTORIC DATA AND ANALOGOUS FIELDS Biogenic gas play predicted in permit based on nearby Compelling Gross Revenue US$3,311m Split, analogous gas field (Lippone) and historic exploration well data conceptual for 300 BCF case 1 A
Slide 22: Upper Austria Prospect Inventory
<< UPPER AUSTRIA PROSPECT INVENTORY NATURAL GAS CRUDE OIL Equity Prospect Prospective Resource (BCF) Prospective Resource (MMBBL) Play Type interest Permit ANNOUNCED ON 27.8.2025 Name Low Best Mean High Low Best Mean High [%] P90 P50 (Pmean) P10 P90 P50 (Pmean) P10 GOLD 4.1 7.5 8.3 13.4 - - - - 100
Slide 23: Thank You
For personal use only Thank You For further information: Ian Tchacos ASX: ADX Executive Chairman [email protected] Paul Fink adxenergy.com.au Chief Executive Officer [email protected] Amanda Sparks Finance Manager & Company Secretary Connect with Us [email protected] B