AXP 0.00% 0.1¢ axp energy limited

According to the resident clowns we shouldn't exixt lol...

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    According to the resident clowns we shouldn't exixt lol
    HIGHLIGHTS
    Record quarterly net revenue of $4,580,652 – up 11% on previous quarter ($4,115,578);
    Net customers receipts were $4,617,874, a 25% increase on the prior quarter ($3,697,811);
    Despite some large one-off payments and a modest second quarter cash operating loss
    of $160K, AXP delivered positive operating cash flow for the first half year of $694K;
    Barrels of oil sold was 26,385 BBL vs. 28,389 BBL in prior quarter (7% decrease). Oil sale
    volumes were lower however oil revenue remained stable due to price strength;
    Natural gas (‘gas’ and natural gas liquids (‘NGLs’ were down on the previous quarter
    with gas sales of 697 MMcf (prior quarter: 774 MMcf) and NGLs sales of 26,822 BBL (prior
    quarter: 31,202 BBL);
    Unsold oil inventory held in collection tanks at quarter end remains strong at 17,762 BBL as
    the Company moderated its inventory sell-down (previous quarter end: 18,518 BBL);
    Cash and cash equivalents of $2,709,422, which excludes the value of unsold oil
    inventory was moderately down by $224,327 on the previous quarter, despite ~$920K in
    one-off payments made during the quarter including the final $450,000 payment to close
    the Trey asset acquisition.
 
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