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AXP’s Oklahoma push gets funding as shareholders confront a pivotal capital call

8:46am on Monday 12th of October, 2026 AEDT • Oil and Gas
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AXP’s Oklahoma push gets funding as shareholders confront a pivotal capital call

8:46am on Monday 12th of October, 2026 AEDT
Key Points
  • A$1.2 million minimum and A$2.249 million maximum entitlement raise
  • Shares offered at A$0.005 each, with one new option for every two shares
  • Non-participating shareholders face approximately 50% dilution, potentially rising to 60% if options are exercised
  • Auditor flagged a material uncertainty related to going concern
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