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AXP Energy Drills First Oklahoma Well, Raises A$2.7M Amid Colorado Setbacks

1:02am on Sunday 21st of December, 2025 AEDT Energy
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AXP Energy Drills First Oklahoma Well, Raises A$2.7M Amid Colorado Setbacks

1:02am on Sunday 21st of December, 2025 AEDT
Key Points
  • First vertical well drilled in Oklahoma with hydraulic fracture stimulation completed
  • A$2.7 million raised in two-tranche placement to support development
  • Colorado production down 16% for oil and 15% for gas due to weather and equipment issues
  • Strategic shift to focus on Oklahoma operations amid Colorado regulatory delays
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