ADX Energy signs Empyrean option deal for 10% stake in GOLD gas prospect, backed by EUR 555,400 well funding

Reuters2026/09/14 07:22

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ADX Energy signed a binding heads of agreement with Empyrean Energy for an earn-in on the GOLD Cluster Area, Upper Austria.
Empyrean secured exclusivity until Oct. 16, 2026, paying a non-refundable option fee of EUR 50,000.
Deal targets the planned GOLD-1 shallow gas well, with spud scheduled for Q4 2026.
Empyrean will fund 20% of drilling and testing costs, or EUR 555,400, to earn a 10% economic interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADX Energy Ltd. published the original content used to generate this news brief via pressetext (Ref. ID: 202609140321PRESSTXTEUPR____1B0568D5630F3274F3AA48FA63D0253) on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ADX Energy signs Empyrean option deal for 10% stake in GOLD gas prospect, backed by EUR 555,400 well funding

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