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AXP Energy’s Charlie #1 Well Starts at 45 BOEPD with First Oil Sales
11:32am on Thursday 23rd of April, 2026 AEST
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Energy
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AXP Energy’s Charlie #1 Well Starts at 45 BOEPD with First Oil Sales
11:32am on Thursday 23rd of April, 2026 AEST
Key Points
Charlie #1 well delivers 45 BOEPD initial production
First tanker load of 160 barrels sold to Ponca City refinery
AXP holds 100% working interest and 81.25% net revenue interest
Pumps run on formation gas, keeping lifting costs negligible
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