Chairman Simon Johnson commented:“October was another pleasing month and we are encouraged by the improvement in natural gas and NGL sales despite reduced oil sales which were anticipated. Notwithstanding, we expect oil sales will pick up in November and December as we benefit from production improvements and more consistency in our logistics. As we have consistently stated, we continue to uncover new enhancement opportunities across the portfolio which will underpin sales growth. We will provide updates on field development activities as we bring new production online and add new customer sales channels. AXP is well-positioned for another solid quarter.”
As reported last week, the Company will publish its reserves & resources in respect of the MHP and Trey acquisitions this week.
AXP Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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