In early March AXP fracked 2 wells in the Illinois Basin.
These wells have now been completed and are in the late stages of flowback.
The flowback on both wells has taken significantly longer than expected with operational issues (now overcome) impacting the DPI-2605 fluid recovery process.
An additional 9 wells have been worked over or had surface repairs and improvements completed during the quarter.
It is expected that production gains from this work will be realised in the current quarter.
AXP is now focused on a field development program in a lease that has 165 wells, diverse sales channels and where no material service or development work has occurred since 2007.
Progress will be reported as production gains materialise.
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)