Ann: WELL RE-COMPLETION DELIVERS MATERIAL PRODUCTION GAINS, page-4

First 4 Last

Share
Profile

Follow
mickban

12,290 Posts.

166

15/06/22

12:13

Post #: 62010493
Share

Originally posted by bevter ↑

HIGHLIGHTS
 A low-cost, single well re-completion, the DPI-2605, has added considerably to gross daily
production with the well now steadily flowing ~50 BOPD and 300 Mcf/day of gas;
 This represents a significant boost to AXP’s oil production which averaged 307 BOPD in
April and 351 BOPD in May (includes 517 barrels of flush production from DPI-2605);
 DPI-2605 initially flowed naturally at 310 BOPD and 1,000 Mcf/day (intermittently) and
achieved a maximum flow rate of 555 BOPD on the second day (refer Table 1 overleaf)
however the operations team has choked back the flow to manage the high formation
pressure and protect the well;
 Now that the well is on pump and flowing through the production tubing (~50 BOPD since
1 June), well engineering is ongoing to stabilise the well and maximise final production
rate;
 AXP is currently in the process of establishing a sales contract with a local government
municipality to sell the gas at a slight discount to NYMEX;
 DPI-2605 is located approximately 1.6 KM from the nearest pipeline into this municipality
and the cost of tapping into this sales channel is estimated at less than U$100K;
 A further 9 drilling locations have been identified across the lease where the DPI-2605 is
located; Additional leases are now being assessed with a view to adding more drilling
locations;
 More generally, as flagged in the Company’s last quarterly report, workovers are
continuing across leases linked to reliable midstream and downstream infrastructure with
further production gains to be realised.

Expand

You might be encouraged to back that truck up again hey?
Have you got anymore spare capacity though lol

AXP Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

NWC

New World board urges holders to accept Kinterra's now-uncontested takeover bid

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $6.684M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$550	550K

Buyers (Bids)

No.	Vol.	Price($)
11	17532286	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	58199936	42

View Market Depth

No.	Vol.	Price($)
11	17532286	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	58199936	42
0.003	33295977	19
0.004	14980027	15
0.005	2852391	15
0.006	3376430	6

Last trade - 09.59am 21/07/2025 (20 minute delay)

AXP (ASX) Chart

Ann: WELL RE-COMPLETION DELIVERS MATERIAL PRODUCTION GAINS, page-4

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

New World board urges holders to accept Kinterra's now-uncontested takeover bid

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: WELL RE-COMPLETION DELIVERS MATERIAL PRODUCTION GAINS, page-4

Top Stories

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

New World board urges holders to accept Kinterra's now-uncontested takeover bid

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News