ADX Energy has increased its economic interest in the Anshof oil field in Upper Austria from 50% to 70% without cash expenditure, acquiring Xstate Resources’ 20% stake by offsetting the purchase price against unpaid cash calls. This strategic move boosts ADX’s daily output from the Anshof-3 well to 72 barrels of oil per day, contributing to a total production of 307 barrels of oil equivalent per day across its Austrian operations. Additionally, ADX plans to advance exploration efforts in the region and has secured new gas targets, with potential drilling campaigns anticipated later this year.
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Charities call for end to deadly new Gaza aid system
More than 170 NGOs are urging the dismantling of a US- and Israeli-backed food aid scheme in Gaza due to reports of over 500 civilian deaths near distribution centers since its inception in May. They accuse the Gaza Humanitarian Foundation of endangering lives and bypassing UN aid systems, as the Israeli military acknowledges civilian harm at these sites while claiming the need to prevent aid diversion to Hamas. Explain It To Me Like I'm 5:...
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