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ADX Energy acquires Xstate’s Anshof stake to boost share of oil production

Summary by Stockhead
ADX Energy is acquiring Xstate Resources’ 20% stake in the Anshof Field Area Move will increase the company’s share of Anshof oil production from 58bpd to 72bpd Transaction at no cost to ADX as it’s offset by unpaid cash calls owed by Xstate   Special Report: ADX Energy will receive a larger share of oil production and revenue from its Anshof oil field in Austria after reaching an agreement to acquire Xstate Resources’ 20% interest in the Anshof…
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Stockhead broke the news in on Wednesday, June 4, 2025.
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