The test drilling by the Australian exploration company ADX Energy has encountered hydrocarbons in the Welchau-1 well near Molln (Upper Austria). The company has discovered a condensate-rich natural gas deposit at the predicted depth and primary target formation of 1452-1567 meters, which now needs to be further evaluated before a potential development. Since the nature conservation permit expires on March 31, further tests will be postponed until the fall and the drilling rig will now be dismantled. [more]
BUSINESS TOP STORY
Mon, 2024-03-18 - 09:30
Large liquid-rich hydrocarbon deposits at a depth of 1452 to 1567 meters
The test drilling by the Australian exploration company ADX Energy has encountered hydrocarbons in the Welchau-1 well near Molln (Upper Austria). The company has discovered a condensate-rich natural gas deposit at the predicted depth and primary target formation of 1452-1567 meters, which now needs to be further evaluated before a potential development. Since the nature conservation permit expires on March 31, further tests will be postponed until the fall and the drilling rig will now be dismantled.
BUSINESS
|
Eco-design project criticised
2003-01-29, pte20030129053 Environment/Energy, Companies/Finance |
|
Fewer new companies in Austria
2003-01-29, pte20030129052 Companies/Finance, |
|
ClinPhone appoints new financial director
2003-01-29, pte20030129051 Companies/Finance, Health/Medicine |
|
AWD proposes dividend of Euro 0.50 per share
2003-01-29, pts20030129048 Companies/Finance, |
|
HVB could merge with Commerzbank
2003-01-28, pte20030128060 Companies/Finance, |
|
Telenor sells Austrian subsidiary
2003-01-28, pte20030128059 Companies/Finance, Media/Communications |
|
Bankgesellschaft Berlin may lose bidder
2003-01-28, pte20030128056 Companies/Finance, |
|
Austrian managers get lessons in humour
2003-01-28, pte20030128054 Companies/Finance, Education/Career |
|
Swiss e-commerce pioneer LeShop.ch rescued
2003-01-27, pte20030127057 Companies/Finance, Computer/Telecommunications |
|
IXOS becomes European market leader after two acquisitions
2003-01-26, pts20030126008 Companies/Finance, Computer/Telecommunications |
12..110 111 112 113 114 115 116 Next »
Free publishing of limited news hosted permanently on newsfox. Submit releases and have them appeared on newsfox and search engines.
Flat rate: 750 Euro per year
Flat rate: 750 Euro per year
Distribute your press releases in realtime to more than 250.000 journalists, decision makers, investors and PR professionals and more than 60.000 financial experts via pressetext and its news distribution partners throughout Europe, the Americas and Asia.
Single relase from 330 Euro
Packages from 2.400 Euro
Single relase from 330 Euro
Packages from 2.400 Euro
