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CMS Advises ADX Energy on Acquisition of Austrian Oilfields

CMS Advises ADX Energy on Acquisition of Austrian Oilfields

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CMS has advised Australian crude oil explorer ADX on its acquisition of the Zistersdorf & Gaiselberg oilfields in Austria from Austrian exploration and production company RAG. Fellner Wratzfeld Partner reportedly advised RAG on the deal.

The deal is expected to close by the end of 2019. As a result, ADX will have an extraction rate of 350 barrels of oil equivalent per day.

The CMS team was led by Partner Johannes Trenkwalder and included Partners Sibylle Novak, Robert Keisler, and Jens Winter, Attorneys-at-law Mariella Kapoun and Mario Maier, Dominik Stella, and Associates Sanela Furstenberg and David Kohl.

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