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AXP Energy Set to Boost Charlie #1 Well Output with New Pumpjack

8:41am on Monday 19th of January, 2026 AEDT Energy
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AXP Energy Set to Boost Charlie #1 Well Output with New Pumpjack

8:41am on Monday 19th of January, 2026 AEDT
Key Points
  • Charlie #1 well producing up to 25 barrels of oil and 60 mcf of gas daily
  • Conservative initial pumping rate of 250 barrels per day to manage reservoir
  • Larger pumpjack installation planned to increase fluid recovery to 400-500 barrels daily
  • Well logs and nearby wells suggest strong commercial potential in Mississippian Limestone
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