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AXP Energy Limited (ASX:AXP)

ALERT: Price-sensitive ASX Announcement for AXP
Current share price for AXP : $0.007 0.006 (600%)+
Announcement
Release
1 Oct 2025 9:42AM
Price at Release
$0.001
Full Release
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Summary
AXP Energy Limited announced successful electronic wireline logging of the Charlie #1 Well in Noble County, Oklahoma, confirming the presence of hydrocarbons across multiple pay zones. The well is being prepared for production, with plans for a hydraulic fracturing of the Mississippi Lime interval, where significant oil and gas shows were recorded. The company is executing a tight schedule for drilling and casing, with production expected to begin by the end of October 2025. Additional wells are planned, highlighting the potential of the Mississippi Lime formation.
Key Points
  • Electronic wireline logs confirm hydrocarbons in multiple zones.
  • 5½-inch casing set and cemented on Charlie #1 Well.
  • Hydraulic fracturing planned for Mississippi Lime interval.
  • Production expected by end of October 2025.
  • Additional wells planned over next 12 months.
  • High potential of Mississippi Lime formation confirmed.
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.