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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
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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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