ADX has accepted the Ministrys offer for the award of the d 363 C.R.AX Gas Exploration Permit

ADX Energy Ltd (ASX: ADX), via its subsidiary Audax Energy S.r.l., has accepted the "d 363 C.R.AX" permit in the Sicily Channel, Offshore Italy, marking a significant milestone after a prolonged political moratorium. The 346 km permit is highly prospective for clean gas, supported by historical wells like Nilde-2 and high-quality sandstone reservoirs.

With proven sweet gas potential and access to 2D seismic data for reprocessing, the permit offers low drilling depths and proximity to existing infrastructure. ADX estimates that the best prospective resource is 369 BCF, with attractive fiscal terms. This aligns with Europe's demand for clean gas and Italy's supportive political environment under Prime Minister Giorgia Meloni. The permit positions ADX alongside industry giants like ENI and Shell in advancing sustainable gas exploration.

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