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AXP Energy Limited (ASX:AXP)

ALERT: Price-sensitive ASX Announcement for AXP
Current share price for AXP : $0.006 -0.007 (-53.85%)+
Announcement
Release
14 Nov 2025 9:45AM
Price at Release
$0.013
Full Release
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Summary
AXP Energy Limited announced the successful installation of a pump jack on the Charlie #1 well in Noble County, Oklahoma, which is now advancing with the recovery of hydraulic fracturing fluids. After an initial eight-hour pumped recovery period, the well transitioned to a controlled natural flow, showing initial oil and gas presence at the wellhead. This development is part of a broader program across AXP's Oklahoma acreage, aimed at converting gas resources for power generation to support high-performance computing applications. Initial production results are expected within 10-14 days, which will provide insights into reservoir performance and inform future operations. All activities are conducted under strict safety regulations with no reported incidents.
Key Points
  • Pump jack installation completed on Charlie #1 well.
  • Well is flowing back naturally under choke with initial oil and gas detected.
  • Operations are part of AXP's broader strategy in Oklahoma to convert gas resources into power.
  • Initial production results anticipated in 10-14 days.
  • Activities conducted according to safety regulations with no incidents.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.