Latest news with #ADX
West Australian
15 hours ago
- Business
- West Australian
ADX gears up for multi-well gas push in Upper Austria
ADX Energy is poised to spark a new energy chapter in gas-hungry Europe after the company locked and loaded seven shallow gas drill targets with a combined mean prospective net resource of 29 billion cubic feet (Bcf) of gas in Upper Austria's Molasse Basin. The play has been planned as a low-risk, low-cost exploration program. The total net resource estimate for all targets ranges from 12.1Bcf as a low-ball guesstimate and to 49.4Bcf at the upper end. The company expects to kick off a multi-well campaign across its fully owned Austrian exploration ADX-AT-I and ADX-AT-II licences as early as the fourth quarter of this year. Permitting, rig contracting, and land access negotiations have begun. Land for two wells is already secured. ADX has identified seven drill-ready prospects and is actively maturing a further four. Of the seven, five sit within the proven Hall Formation, which is a prolific Miocene-age sandstone reservoir that has already delivered more than 230Bcf of cumulative production across 83 fields in the region. ADX's shallow gas initiative was first announced to the market two years ago and has been developed using local know-how combined with the sharp eyes of world-class stratigraphic trap specialists. It sits close to existing pipeline infrastructure. Armed with cutting-edge seismic technology, ADX deployed advanced 3D imaging techniques to pinpoint gas-charged sweet spots hiding in permeable reservoirs. The targets also bear striking similarities to the seismic signatures of proven gas fields already producing across the basin. ADX sees the GOLD cluster targets as the crown jewels in its exploration portfolio. The company's 100 per cent-owned AT-II licence includes three shallow Hall Formation prospects – dubbed GOLD, GRAB and ZAUN – and holds a combined mean resource estimate of 13Bcf, with geological chances of success ranging from 55 per cent to a massive 81 per cent. The GOLD-1 well will be the first cab off the rank and will target two high-confidence gas sands, GOLD A and C, which the company thinks have the highest chances of success at 77 per cent and 81 per cent, respectively. The GOLD wells will be drilled to depths of just 700 metres to 850m using slim-hole designs and mobile carrier rigs, which should enable cost-effective drilling and an uber quick turnaround of as little as nine days per well. ADX says it plans to link any discoveries into cluster developments, tying multiple wells into centralised production hubs to cut capital and running costs and boost output. A dedicated processing facility has already been mapped out, drawing on an initial design capacity of 140,000 cubic metres per day, expandable to 280,000 cubic metres/day for the full cluster development. Beyond the GOLD cluster, the company is targeting two additional prospects, PIC and STEY, also in the ADX-AT-II licence area, which have a mean prospective estimated gas resource of 8.1Bcf and paydirt probabilities of 75 per cent and 68 per cent, respectively. The final two prospects, HOCH and SCHOE, sit in the ADX-AT-1 licence area 50 kilometres to the west of the GOLD cluster and are held in a 50:50 joint venture with industrial giant MND Austria. Although these targets are estimated to hold the biggest combined net mean resource of all the prospects at 14.4Bcf, their probability of coming in is lower at 62 per cent and 51 per cent, respectively. ADX, meanwhile, has opened its data room to farm-in partners, promoting the prospects as a fast-track pathway to gas production in a first-world jurisdiction with existing infrastructure and an underexplored resource base. The company says several groups have already expressed interest, with deals potentially timed to line up with the company's forecast drilling dates. As the company finalises its permits and hones its drill plans, ADX looks well-positioned to convert its shallow gas play into a significant revenue stream exactly when Europe needs it most. Is your ASX-listed company doing something interesting? Contact:
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Business Standard
3 days ago
- Business
- Business Standard
Breakout stocks, June 18: MCX, Persistent Systems among stocks to buy today
Nifty outlook today, June 18: Nifty index opened positive, but fell sharply in the initial hour of the day, after which it consolidated in a lacklustre manner on while Nifty share price also managed to close above 24,800-24,850 zones, it has to decisively cross the 25,000 zones for the next leg of rally to commence. Nifty has formed a 'bearish' candle on daily frame and has started to make higher highs – higher lows from the last two sessions. Now, it has to hold above 24,800 zones for an upside move towards 25,000, followed by 25,250 zone. Nifty share price has support at 24,700 and 24,600. Nifty F&O data On the option front, Maximum Call OI is at 25,000, followed by 25,500 strike, while Maximum Put OI is at 24,000, followed by 24,800 strike. Call writing is seen at 24,900, followed by 25,000 strike, while Put writing is seen at 24,000, followed by 24,850 strike. Nifty option data suggests a broader trading range in between 24,500 to 25,250 zones while an immediate range between 24,700 to 25,100 levels. Bank Nifty outlook today Bank Nifty index opened on a flattish note near 56,000 zones, but failed to hold its gains and gradually drifted lower towards 55,650 zones in the latter part of the session on Tuesday. It formed a small bearish candle on daily scale as selling pressure was seen at higher zones. The index is hovering near its 20-DEMA. While the Nifty Bank index has got stuck in a wider range with supports intact at lower levels, the momentum is missing at higher zones. Now, it has to hold above 55,750 zones for a bounce towards 56,000, and then towards 56,250 levels. A hold below the same could see some weakness towards 55,555 and 55,250 zones. Stocks to buy today, June 18: Buy AB CAPITAL | CMP: ₹255 | Stop loss: ₹247 | Share price target: ₹272 AB Capital share price has given a range breakout at its 8 year 'all-time high' zone with a strong bodied bullish candle. The ADX line is rising which confirms the strength of the uptrend. Buy Persistent Systems | CMP: ₹6,068 | Stop Loss: ₹5,885 | Share price target: ₹6,450 Persistent Systems share price has formed a inverted head and shoulder pattern on the daily scale which suggests a positive trend reversal. The MACD indicator is rising which confirms the positive momentum. MCX share price has formed a bullish pole and flag pattern on the daily chart suggesting a continuation of the uptrend. The RSI indicator is rising which confirms the upwards momentum. ============== Disclaimer: Chandan Taparia is head - derivatives & technicals, wealth management at Motilal Oswal Financial Services. Views expressed are his own.
Business Wire
3 days ago
- Business
- Business Wire
BlackFog Awarded 2025 MSP Today Product of the Year
SAN FRANCISCO--(BUSINESS WIRE)-- BlackFog, the leader in ransomware prevention and anti data exfiltration (ADX), today announced that its solution, BlackFog ADX, has been named a 2025 MSP Today Product of the Year Award winner by TMC, a leading global media company recognized for building communities in technology and business through live events and digital marketing platforms. The MSP Today Product of the Year Award honors standout products and services that are reshaping the managed services landscape—delivered through the Channel and purpose-built to meet the evolving needs of end users. BlackFog ADX was selected for its innovation, performance, and measurable impact on customers and partners alike. BlackFog's ADX technology represents a significant advancement in the fight against ransomware, delivering a vital layer of security beyond traditional defenses such as firewalls and Endpoint Detection and Response (EDR) solutions. Offering comprehensive coverage across Windows, macOS, Chrome, Android, and iOS, BlackFog ensures 24/7 defense without requiring human intervention. By proactively blocking emerging AI-driven threats, BlackFog strengthens organizational security with an essential new layer designed to address the evolving threat landscape. 'We're delighted that BlackFog ADX has been awarded Product of the Year by MSP today,' said Dr. Darren Williams, CEO and Founder of BlackFog. 'This award highlights the importance of preventing unauthorized data exfiltration and represents a new paradigm in the fight against ransomware, extortion, and data breaches. This approach has become critical in protecting the supply chain and the evolving needs of Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs).' 'It gives me great pleasure to recognize BlackFog as a 2025 recipient of TMC's MSP Today Product of the Year Award for their innovative solution, BlackFog ADX,' said Rich Tehrani, CEO of TMC. 'Our judges were thoroughly impressed not only by the strength and features of the product, but by BlackFog's commitment to the Channel—empowering partners to deliver exceptional service and drive meaningful results for their clients.' Winners of the 2025 MSP Today Product of the Year Award will be featured on MSP Today, the definitive resource for Managed Service Providers, as well as across TMCnet's media platforms. About BlackFog Founded in 2015, BlackFog is a global AI based cybersecurity company that has pioneered on-device anti data exfiltration (ADX) technology to protect organizations from ransomware and data loss. With more than 94% of all attacks involving some form of data exfiltration, preventing this has become critical in the fight against extortion, the loss of customer data and trade secrets. BlackFog recently won a Gold Globee award for AI-Driven Data Protection Solution and the coveted Cybersecurity Breakthrough Award for AI-based Cybersecurity Innovation of the Year. BlackFog also won Gold at the Globee awards in 2024 for best Data Loss Prevention and the State of Ransomware report which recognizes outstanding contributions in securing the digital landscape. Trusted by hundreds of organizations all over the world, BlackFog is redefining modern cybersecurity practices. For more information visit About MSP Today MSP Today is the premier online destination for MSPs (Managed Service Providers) and IT service providers worldwide. As the industry's leading web portal, we are committed to delivering timely and relevant news, cutting-edge product information, and invaluable insights to empower MSPs and IT professionals to thrive in today's rapidly evolving technology landscape. At MSP Today, we understand the challenges faced by MSPs and IT service providers in navigating the complexities of the modern business environment. Our dedicated team of expert journalists and industry analysts bring you the latest trends, best practices, and industry thought leadership to help you stay ahead of the curve. Whether you're seeking in-depth articles on emerging technologies, comprehensive product reviews, or actionable tips to optimize your IT services, MSP Today is your go-to resource for all things MSP-related. Join our vibrant community today and unlock the knowledge, resources, and networking opportunities to propel your MSP business to new heights. Follow MSP Today on X or join our LinkedIn group. Subscribe or visit About TMC For more than 20 years, TMC has been honoring technology companies with awards in various categories. These awards are regarded as some of the most prestigious and respected awards in the communications and technology sector worldwide. Winners represent prominent players in the market who consistently demonstrate the advancement of technologies. Each recipient is a verifiable leader in the marketplace. TMC also provides global buyers with valuable insights to make informed tech decisions through our editorial platforms, live events, webinars, and online advertising. Leading vendors trust TMC, thought leadership, and our events for branding, thought leadership, and lead generation. Our live events, like the ITEXPO #TECHSUPERSHOW, deliver unmatched visibility, while our custom lead generation programs and webinars ensure a steady flow of sales opportunities. Display ads on trusted sites generate millions of impressions, boosting brand reputations. TMC offers a complete 360-degree marketing solution, from event management to content creation, driving SEO, branding, and marketing success. Learn more at and follow @tmcnet on Facebook, LinkedIn, and X.
Al Etihad
4 days ago
- Business
- Al Etihad
UAE stock markets rebound
16 June 2025 21:01 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets on Monday recovered some losses suffered after the escalation of the Iran-Israel Abu Dhabi Securities Exchange (ADX) recorded gains, with its general index (FADGI) rising by 0.218% to close at 9,584.85. A total of 28,212 trades were executed, involving 368 million shares with a combined value of Dh1.383 billion. The total market capitalisation of all companies listed on the ADX stood at Dh2.987 trillion, which had fallen below the Dh3 trillion milestone due to escalating geopolitical Dhabi led the rally with a nearly 3% gain, followed by ADNOC Gas with a nearly 2% rise, and Multiply with a nearly 1% increase. Other top gainers on the ADX included Abu Dhabi National Company for Building Materials (+11.57%), Sudatel (+9.95%), and Presight AI (+5.83%). Notable decliners were UAQ Investments (-9.50%), Hayah Insurance (-5.17%), and Gulf Medical Projects (-2.63%). DFMThe Dubai Financial Market's general index (DFMGI) rose by 0.789% to close at 5,407. A total of 16,836 trades were executed on the DFM, involving 293 million shares with a combined value of Dh726 million. Share prices of 33 companies rose, 14 declined, and five remained unchanged. Amlak Finance led the rally with a 10% rise in share price, followed by DEWA (2.2%) and Emaar Developments (2.2%). The merger of Emirates Islamic Bank (EIB) with Emirates NBD has been completed, with the DFM announcing that all remaining shares have been transferred to the parent company. Among the other top gainers on Monday were United Foods (+9.58%), National General Insurance (+5.69%), and Al Salam Sudan (+5.26%). On the losing side, Al Ramz Capital fell by 9.60%, followed by Chimera S&P UAE Shariah ETF (-4.35%), BHM Capital (-2.33%), and NIH (-2.17%). Source: Aletihad - Abu Dhabi
Zawya
4 days ago
- Business
- Zawya
ADGM Board appoints Rashed Al Balooshi as CEO of the Registration Authority
Abu Dhabi, UAE: ADGM, the international financial centre of the UAE capital, today announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM's Registration Authority (RA), effective immediately. The appointment reflects ADGM's ongoing commitment to bolstering its leadership team and accelerating the execution of its strategic mandate, in alignment with Abu Dhabi's long-term economic vision. Rashed Al Balooshi will take over the role from Hamad Al Mazrouei, who started a new endeavour within Abu Dhabi. In his new capacity, Al Balooshi will lead the Registration Authority at ADGM, which is responsible for the registration, licensing, and supervision of non-financial businesses within ADGM. His mandate includes enhancing operational efficiency, promoting the ease of doing business, and ensuring a progressive, transparent, and business-friendly regulatory framework in line with international best practices. Al Balooshi brings with him a wealth of experience, with an impressive career spanning over 24 years in the financial and regulatory sectors, including a distinguished tenure as CEO of the Abu Dhabi Securities Exchange (ADX) and Under Secretary of the Abu Dhabi Department of Economic Development (ADDED). Additionally, Al Balooshi serves on several boards and committees at the local and federal levels. His expertise across multiple sectors will play a pivotal role in driving the Registration Authority to new heights and reinforcing ADGM's position as a leading international financial hub. Commenting on this appointment, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, said: 'We are pleased to welcome Rashed Al Balooshi to ADGM's leadership team. His track record and deep understanding of the business and regulatory landscape will be instrumental in driving the next phase of ADGM's growth. H.E Al Zaabi added: 'We extend our sincere gratitude to Hamad Al Mazrouei for his valuable contributions and leadership during his tenure and wish him continued success in his new endeavour.' This appointment marks another significant step forward in ADGM's journey and continuity to becoming one of the world's most dynamic and business friendly international financial centres. About ADGM ADGM is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21 October 2015. ADGM augments Abu Dhabi's position as a leading financial centre and a business hub, serving as a strategic link between the growing economies of the Middle East, Africa, South Asia, and the rest of the world. Operating within an international regulatory framework based on the direct application of English Common Law, ADGM governs the entirety of Al Maryah Island and Al Reem Island, collectively designated as the financial free zone of Abu Dhabi. ADGM is ranked as one of the most preferred and top-ranking IFCs in the Middle East and Africa region. Its progressive and inclusive business ecosystem fosters growth, resilience, and optimism for global financial and non-financial institutions. Growing synergies between ADGM and multiple jurisdictions have positioned the centre as one of the world's most advanced, diverse, and progressively governed financial hubs. For more details on ADGM, please visit or follow us on LinkedIn and Instagram: @ADGM X: @adglobalmarket For media queries, please contact: E: media@
