AXP Energy Limited (AU:AXP) has released an update.
AXP Energy Limited has announced positive advancements at its Pathfinder Field in Colorado, where it has successfully resumed production of its Pathfinder #2 well, now generating approximately 40 barrels of oil per day and 750kWh of electricity from a modest gas flow. The company is focusing on scaling up its gas-to-power operations and is in early-stage discussions with potential electricity purchasers. AXP aims to increase oil production and establish a natural gas liquids sales channel, leveraging its strategic location near major cities and regional towns.
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