We’re looking forward to our continued support for Stavely Minerals Limited (ASX: SVY)!
Peak joint-led the $4,000,000 placement and introduced a number of new funds and investors to the register.
Across Markets…
Australian shares fell on Monday as oil prices surged after US President Donald Trump ordered a blockade of the Strait of Hormuz following failed peace talks with Iran on the weekend.
The S&P/ASX 200 Index fell 34.6 points, or 0.4 per cent, to 8926 with eight of the 11 sectors weaker.
Trump’s threats of escalation dented sentiment after the benchmark rose 4.4 per cent for the week – the most since October 2022, and as crude recorded a sharp decline.
US forces will implement a blockade of all maritime traffic entering and leaving Iranian ports at midnight (10am Monday in New York), US Central Command said, following up on Trump’s announcement.
Brent crude gained 7.1 per cent to $US101.92 a barrel and European natural gas futures jumped as much as 17 per cent in early trading, while the S&P 500 futures were down 0.7 per cent.
“Markets had pinned significant hopes on this past weekend’s peace talks, hoping the warring sides [would] edge closer to a lasting deal,” IG market analyst Tony Sycamore said.
“The divergence is telling – oil is pricing in near-term disruption, whereas equities appear to be taking the view that short-term pain could ultimately lead to long-term gain and an end to the current stalemate.”
On the ASX, energy stocks rose on the prospect of further disruption in the Strait of Hormuz, with Woodside Energy up 2.6 per cent to $34.15, Santos 1.7 per cent to $8.03 and Karoon Energy 5 per cent to $2.09. Bets that the war could spark energy switching helped coal shares and saw Whitehaven Coal advance 2.6 per cent to $8.33.
Source: AFR
ADX Energy Eyes Near-Term Drilling Catalyst with HOCH-1 Shallow Gas Well Mobilisation Underway
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HOCH-1 shallow gas well mobilisation underway for April 16 spud.
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First of three planned 2026 shallow gas wells, targeting 8.0 BCF mean prospective resources.
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Proximity to infrastructure and historical well data support potential for low-cost development.
ADX Energy (ASX: ADX) has commenced mobilisation for its HOCH-1 shallow gas exploration well within the ADX-AT-I exploration licence in Upper Austria.
This marks the first of three planned wells for 2026 and a key near-term catalyst for the company’s shallow gas program.
The well targets the Miocene Hall formation, with the company expecting to spud by April 16, 2026.
Rig mobilisation for the HOCH-1 well began April 10, 2026, with spud expected on April 16, 2026.
ADX Energy is the operator, holding a 50% economic interest in the prospect.
Targeting Miocene Hall Formation
The primary target for HOCH-1 is Miocene Hall formation gas sandstones, which are expected to contain biogenic gas.
Prospective resources for HOCH-1 are estimated at 8.0 BCF (mean) and 17.3 BCF (high case).
Historical nearby Hall formation wells have recorded initial production rates of up to 9 mmscf/d, equating to about 1,500 boepd.
The HOCH-1 well location is approximately 2 km from existing pipeline infrastructure, supporting rapid, low-cost development if successful.
Development options include on-site processing or tie-in to the SCHOE site for a cluster development. The well has a shallow target depth of approximately 1,145 metres true vertical depth.
2026 Shallow Gas Program Kicks Off
HOCH-1 is the first of three permitted shallow gas wells planned for 2026. ADX Energy’s annual report highlighted readiness for this program as a key 2026 catalyst.
Success at HOCH-1 is expected to de-risk further shallow gas exploration in the area including follow-on wells like GOLD-1 and SCHOEN-1.
As HOCH-1 targets prospective resources, discovery and development risks persist.
Poor reservoir connectivity or the absence of an effective reservoir could limit resource conversion.
Operational execution, regulatory approvals, and commodity price fluctuations are inherent risks in exploration programs of this nature.
Shallow Gas Catalyst
ADX Energy’s HOCH-1 well represents a significant near-term catalyst, initiating its 2026 shallow gas exploration program in Austria.
While proximity to infrastructure and historical well performance offer encouraging signs, successful execution and confirmation of resource potential are critical to unlocking value.
Source: SmallCaps
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Price Performance Since Entry: +236%
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Raise Amount: $800,000
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Sector: Blockchain
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Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
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Raise Amount: $8.6M
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Sector: Gold/Mining
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Raise Amount: $2.3M
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Price Performance Since Entry: +46%
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