You might be encouraged to back that truck up again hey? Have...

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

PAR

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

NMT

Neometals-MinRes JV inks MOU with Rio Tinto on lithium electrolysis

NEU

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

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¢	$10	10K

Buyers (Bids)

No.	Vol.	Price($)
14	23255738	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	65574882	35

View Market Depth

No.	Vol.	Price($)
14	23255738	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	65574882	35
0.003	30811609	17
0.004	14480027	14
0.005	5638870	16
0.006	18031191	7

Last trade - 10.25am 26/06/2025 (20 minute delay)

AXP (ASX) Chart

You might be encouraged to back that truck up again hey? Have...

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

Neometals-MinRes JV inks MOU with Rio Tinto on lithium electrolysis

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

You might be encouraged to back that truck up again hey? Have...

Top Stories

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

Neometals-MinRes JV inks MOU with Rio Tinto on lithium electrolysis

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News